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201207099 scrviccs and subsequent charges each time remappings or similar chnngcs occur which reasonably might affect such determination or certification.Borrower shall alw be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. if Bonower fails to maintain xny of the coverages described above,Lender may obtain insurance coverage, at Lender's optiou aud Borrower's expense.Lender is under no obligation to piuchase any particular type or amount of cwcrage.T6erefore,such coverage shall cover Lender,but might or might not protect Bottower, Borrower's equity in the Proper[y,or the contents of the Property,against any risk,hazard or liability and might provide grea[er or lesser coverage than was previously in effec[.Bonower acknowledges that[he cost . of the insurance coverage so obtained might siguifican[ly exceed[he cost of insurance that Borrowcr could have obtained. My amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security InsWment. These amounts shall bear interest at the Note rate from the date of disbursement and shall bc payablc,with such interes[,upon notice from Lender to Borro�ver requesting payment. All insurance policies required by Lender and reaewals of such policies shall be subject to Lender's right to disapprovc such policies, shall include a standazd mortgage dause,and shall name Lcndcr as mortgagcc and/or as xn additional loss payee.Lender shall have the right to hold the policies and renewal certificxtes. If Lender requims,Borrower shall promptly give[o Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise requ'ved by Lcndcr,for damagc to,or destruction of,the Property,such policy shell include a stxndazd mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In[he event of loss,Borrower shal(give prompt notice to the iusurance carrier and Lender.Lender may make proof of loss if not made promptly by Borrower.Unless Lender and Borrower otherwise agee in wri.ting,auy insurance proceeds,whether or not the underlying insurance was reqaired by Lender, shall be applied to restoration or repa'v of the Property, if the restoration or rcpair is cconomically feasible and Lender's sewrity is not lesseued. During such repair and restontion period,Lender shell have the right to . hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfac[ion,provided that such iaspection shall be undertaken promptly. Leuder may disburse proceeds for the repairs and restorxtion in a single payment or in a series of progress payments as the work is comple[ed. Unless an agreement is made in writing or Applicable Law ... requires interest to be paid on such insurance proceeds,Lender shall not be required to pay Borrower any interest or eamings on such proceeds.Fees for public adjusters,or other third parties,retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Boaower.If the res[oration or repair is not economicalty feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums secured by this Security Instmment,whether or not then dne,with the excess,if auy, paid to Borsower. Such insurance proceeds shall be applied in the order provided for in Sec[ion 2. If Borrower abandons thc Property, Lcndcr may file,negotiate and settle any available insurance claim and related matters. If Borrower does not respoud within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim,then Lender may negotiate and settle the claim.The 30-day period will begin when the notice is given.In either event,or if Lender acquires the Property under Section 22 or othenvise,Borrower hereby assigns to Lender(a)Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid undet the Note or this Securiry Iastrument,and(b)any other of Bonower's rights(other than the right to any refuud of unearned premiums paid by Borrower)under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insuxance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this SecuriTy Iustrument,whether or not then due. NE9RASKASIngle Femllyfennle MaeJFretldle Mac UNIFORM INSTRUMENT WITH MERS Foim 30281101 VMP� VMPBlyNE1(11D5�00 WaRers Kluwnr Flnanclal Servkea a�e]of R iiiiiiiiiiiiiiiiii�iii�iiii�qii�iiiiiiiiiiiiiiii � �� ��