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201206722 services md subaequent charges each time remappinga or similar changes occur which rea,4onably might affect such determination or certificarion. Borrower shall also be respansSble for the payment of any fces imposefl by the Federal Emergency Management Agaicy in crnmec[ion with the review of any flood zone determination resulting from an objection by Horrower. If Borrower fails to msintain atty of the coverages described above, Lender may obtain inaurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type ar amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, Lazard or liability and might provide greater or lesser coverage than was previously in effect. Horrower acknowledges tbat the cost of the insurance coverage sa o6tained might significantly excxed the cost of insurance that Borrower could have obtained. Any amounts disbwsed by Lender under this Section 5 shall become additianal debt of Boirower secured by 8ris Security Instrument. These amounts shall bear interest at the Note rate&om the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by L.ender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mor[gage clause, and shall name Lender as mortgagee and/or as an addiHonal loss payee. Lender shall have the right to hold the policies md renewal ceitificabes. If Lender requires, Borrower shall promptly give to Lender all raceipts of paid premiums mid renewal notices. If Borrowa obtains any form of insivance coverage, not otherwise required by Lender, for damage to, or desuvctioo of, the Property, sucL policy shall include a stsndard mortgage clause and shall name Leuder as mortgagce and/or as an addirional loss payee. In the eveM of loss, Borrower shall give prompt notice to the insurance carrier and L.euder. Lender may make proof of loss if not made promptly by Borrower. Unless I,ender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lznder, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair a�d restoration period, Lender shall have the right W hold such insurance procceds unril Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection sLall6e imdertaken promptly. Lender may disburse procc�ds for the repairs and restorarion in a single payment or in a series of progress payments as the work is completad. Unless an ageement is made in writing or Applicable Law requires interest to be paid on such iusurance proceed.s, Lender shall nat be required to pay Borrower any interest or earnings on such proceeds. Fecc for public adjusters, or other third partiea, re[ained by Horrower shall not be paid out of the inswance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or I.ender's security would be lessened, tUe insurance proceeds shall be applied to the swns s�ured by this Security Instrumart, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance daim and related matters. If Borrower does not respond within 30 days to a notice fram Lender that the insurance carrier has offered to settle a claim, tlie�Lender may negotiate and settle the claim The 30-day pa�iod will begin when the notice is 8ven. In either event, or if Lender acquires the Property under Section 22 or otherwise, Horrower hereby assigns to Lender(a)Borrower's rights to any insurance proceEds in an amount not to excceed the amounts uupaid under the Note or tlils SecuriTy Instrument, and(b)any other of Horrower's rights(other than the right w any refund of unearned premiums paid by Borrower)under all insiaance policies covering the Property, insofaz as such rights are applicable to the coverage of tlie Property. Lender may use the insurance proceEds either to repair or restore the Property ar to pay amounts unpaid under the Note or this Sacurity Instniment, whether or not then due. 2300260433 D VMNE NEBI7ASKASInpla FamNy-Fennle Mea/Freddle Mec UNIFOPM INSTFUMFNT WRH MERS Fp�n 30P8 1A01 VMP W VMPBA(NE)P 1051 WdMre Kluws Finencisl Sarviw Pops]of 1]