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201207796 serviccs and subseqttent cl�aeges each time remappi��gs or similar changes occur which reasonlbly uiigl�t affcce such determin�tion or certi6catiun. Bon owcr shxll also be responsibfe for Clie p�yment of any fccs imposed by the Federat I:mergency Mttnagement /fgei�cy i�� connection with tlie review of any flood zone determi��ation resulting fiom an objection by Borrower. If Burrower fails to maintain auy of the coverages described abovc, I.cndcr may obtain insurance coveragc, a[ Lcndei's optimi and Rorrower's expense. Lender is undcr no o6ligation to purchase any paiticul2r rype or xmount ot�coverage. Therefore, such wverage shall cover Lcnder, but migh[or roight not protect73orrower, Borrower's equiry in tlie Prop�iYy, or the contents uf thc Property, against airy risl<, hazard or liability and might providc gteatet or fesser coverage Lhzm was prcviously in effect. Borrower acknowledges tliat thc cost of the insurance cover2ge so obtaiued might nigni�ca�idy exceed the cost of insurance tliat I3orrower could have obtained. Any amounts disburscd by Lender under this Su[ion 5 shall become additional dc6t of Rorrower secured by this Security [nstrumenk These amounts slistll bev� interest at the Note rnLc frum tl�e date of disbursement and shall bc p�yablc, witli such interesC, upon notice from Lender to Borrowcr requesting payment. ALl insurance policies rcquircd by Lcuder and renew�ls of snch policics shall bc su6jccC tu Lcndcr's right to dis2ppcove sucli policien, nhall include a standard inortgage clause, <md sl�all name Lcndcr as moitgagee and/or as �n additiunal luss payee. i,ender sliall liave t(ie right to hold Il�e policies and renewal certificafes. If Lender reyuires, Borrower sliall promptly give to Lender all rccefpls of paid pranimns and renewal notices. If Borruwer obtains any�form of insurance coverage, not olha�wisc rcquired by l,ender, for damage to,br destruction of, the Property, such policy shall include a standu�d mortgaoe clause aud shtdl uaiue Lendcr a,s mort�a�ee and/or as an additional loss ��ayce. fn ehe event of loss, Boaower sh211 givc prompc notice to U�c insurauce c:irrier�nd Lender. Lender�nuy �malce proof of loss i�Fnot made promptly by Borrower. Unless Lend'er and Ba'rowet otherwise agrec in writiug, any insurance procecds, whcthcr or not the tmderLying insurance was requircd by Lendcr, shull be applied to restoration or rcpair of tl�e Property, if the restoration or rc��xir is cconomically feasible aud Lender's security is not Icssened During such repair and res[oru[ion period, l.cndcr shall have the rig6t to hold such insurancc proceeds uutil Lender lias had an opportunity to inspect such Properry to ensure the work hxs bcen completed to Lender's satisfaction, provided t)tat s�cLi inspection shall be undertaken promptiy. L,ender may disburse proccc;ds fur the repairs uid restoration in a single paymei�t or in a sa-ics of progress paymeuts as the worlc is complcted. llnless an agreement is made in writing ur Applicable Luw requires interest to be paid on such insorance proceeds, Lender s1�aL1 noC bc rcquircd to pay Rorrower any in[eresC or earningti on auch proceeds_ Fees for public�djus[eis, or oLher lhird parties, retained by Botirower sliall not be f�aid out of the insm�auce proceeds and shall bc the sole obli�atiou of Borrower. If tlie xestoration or repair is i�ot cconomically feasible or Lender`s sccurity would be lessened, the�nsura�ice proceeds shall bc applied tu thc suntis secured by this Security lnstruincnt, wl�edier or uot then due, with tl�e excess, if any, paid to Borrower. Such i��surance proceeds sha(f Uc xpplied in die order provided for in Section 2. If Borrower abandons the Proper[y, Lender may tile, uegotiate and settle any available insurnnce elaim and rclatcd matters. If Borrower does no� respond within 30 days to a notice fi�om Leuder Lhat thc insurance carricr has oft'ered to settle a clnim, then Lender may negotiate and selde lhe claim. `Ihe 30-day period will begin wlien Yl�e notice is giv¢n. in either evenC, or if Lender acquires Che Yroperty under Section 22 or oCherwise, I3orrowcr harcby assigns to Lender (a) Borruwcr's rights to any insurance proceecls in an amoimL noC Co exceed tlie xmounLs ullpaid under d�e Note or this Sccuriry instr��inent, and (b) a�y otlier of I3orrower's rights (other tl�an tlie right to any rcfund of unearned premiams paid by Borrower) under all insurance pol icies covering the Property, insofar as sucLi rights are applicable to Hie coverage of the Pcoperty. Lende��may use thc insurxncc proceeds either to repaie or restore the Property ur Lu ��ay amounts unpaid under tl�e Note or tl�is Sccuriky InsL-ument, whether or no[then due. 8801300AB2 � t � � 860t300462 N@�FASI(N-SIn91a Family-Fennl¢MeelFred0le M ac UNIFORM INSTNUp1ENT W[I H MERS v Form 301tl L01 VMF OO VMPfiH(NE�(1105� Wul[ersKWwm Pinancizl Sorvicos Pa9c]oi 1)