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Bank of America . <br /> Date: APRIL 23, 2000 <br /> Bank of America Mortgage <br /> P.O. Box 2325 <br /> Coraopolis,PA 15108 <br /> DAVID LEVY <br /> 4505 W BRANCH RD Premium: 1,021.00 <br /> ORONO, MN 55364-8277 Surplus Lines Tax: INCL <br /> Stamping Fee: INCL <br /> Total Due: $1,021.00 <br /> Loan Number: 0041675703 <br /> Property Address: 4505 W BRANCH ROAD <br /> ORONO MN 55364 <br /> Flood Zone: A FEMA Map #: 270178-0010-C <br /> Dear Valued Customer: <br /> Bank of America recently reviewed its mortgage portfolio and your property <br /> referenced above is shown to be in a Special Flood Hazard Area (SFHA) . For <br /> properties in a flood zone, we require flood insurance for the life of the <br /> loan to insure against damage to or destruction of improvements to the <br /> property by flooding. This is also required by The Flood Disaster Act of <br /> 1973, a Federal law. <br /> The Flood Disaster Protection Act of 1973 and the National Insurance Reform <br /> Act of 1994 require that flood insurance be purchased and maintained for the <br /> life of the loan on mortgage loans for buildings located in Special Flood <br /> Hazard Areas as shown on maps published by Federal Insurance Administration. <br /> This applies to such loans from lending institutions that are under the <br /> jurisdiction of a federal regulatory agency or instrumentality. <br /> Therefore, if you do not have flood insurance, you should contact your local <br /> insurance agent or a designated Federal Write-Your-Own (WYO) company to <br /> obtain coverage. <br /> The flood insurance policy must name Bank of America as the loss payee <br /> in the appropriate lien position covering the lesser of 100% of the <br /> insurable value of the structure(s) , or the maximum available under the <br /> National Flood Insurance Program (NFIP) . Your insurance agent can <br /> determine the insurable value of your dwelling. <br /> If you believe you are no longer in an SFHA zone, then in lieu of evidence <br /> of insurance, you must obtain either of the following from the regional <br /> office of the Federal Emergency Management Agency (FEMA) : <br /> A Letter of Map Amendment (LOMA) . A LOMA amends the currently <br /> effective Federal Management Agency (FEMA) map and establishes that a <br /> particular piece of property is not located in an SFHA. A LOMA results <br /> from FEMA's administrative procedures whereby FEMA reviews scientific or <br /> technical data submitted by the owner of the property who believes the <br /> property has incorrectly been included in a designated SFHA. As part of <br /> this process, you will have to provide a survey of your property showing <br /> the insurable structure(s) . The cost of such a survey varies from area <br /> to area but is generally between $300 and $1,000, and it is a cost which <br /> you must bear. <br /> 4125 <br /> Bunk of Mortgage is a diN,ision of Bank of America,FSB.Nation jinn,. N Bank of America,N.A.and <br /> rJrrinn Barc. B ortgage Corporation. <br /> 0000195-0000599 <br />