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200809108 Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower; (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of tlle lien in, legal proceedings which in Lender's opinion operate to prevent tlle enforcement of tlle lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating tlle lien to tllis Security Instrument. If Lender determines tllat any part of tlle Property is subject to a lien which can attain priority over tllis Security Instrument, Lender may give Borrower a notice identifying the lien. Witllin 10 days of tlle date on which tllat notice is given, Borrower shall satisfy tlle lien or take one or more of the actions set fortll above in this Section 4. Lender may require Borrower to pay a (me-time charge for a real estate tax verification and/or reporting service used by Lender in connection witll tllis Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within tlle term "extended coverage," and any otller hazards including, but not limited to, eartllquakes and floods, for which Lender requires insurance. This insurance shall be maintained in tlle amounts (including deductible levels) and for tlle periods tllat Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing tlle insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with tllis Loan, eitller: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certitication services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for tlle payment of any fees imposed by tlle Federal Emergency Management Agency in connection witll the review of any tlood zone detennination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in tlle Property, or tlle contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage tllan was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under tllis Section 5 shall become additional debt of Borrower secured by tllis Security Instrument. These amounts shall bear interest at the Note rate from tlle date of disbursement and shall be payable, witll such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have tlle right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiuIlls and renewal notices. If Borrower obtaiIL'3 any form of iIL'3urance coverage, not otherwise required by Lender, for damage to, or destruction of, tlle Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otllerwise agree in writing, any insurance proceeds, whether or not tlle underlying insurance was required by Lender, shall be applied to restoration or repair of tlle Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have tlle right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the cD -6(NE) (00051 @ Page 6 of 15 Initiol.:5L '{\G Form 3028 1/01