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�0�20787� servi�s and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or ceztifi�tion. Borrow� shall aLgo be responsfble for the payment of any fees im�sed by the Federal Emergency Management Agency in connection with the review of any flood zone deteimination resulting from an objection by Borrower. If Borrower fails to maintain any of tha coverages de�n'bed 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 am,�unt of coverage. Therefore, such coverage shall cove� Lender, but might or might not proteit Bonower, Bonower's enuity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage tban was previously in effe,ct. Borrower acl�owledges that the cost � of the insurance coverage so obtain� might signific�nfly excced the cost of insurance that Bonower could '' have obtained. Any amoimts disbursed by Lender under this Section 5 shall become additional debt of I Borrower secured by tlus Sec�mty Inslrument. These amounts shall bear interest at the Note rate from the ' date of disbursement and shall be payable, with such interest, upon notice from Lender to Bonower � requesting Payment. '� All insurance policiea required by Lender and renewals of such policies shall be subje�t to Lender's right to disapprove such policies, shall include a standazd mortgage clause, and shall name Lender as mortgagee and/or as an additional loss pay�. Lender sball have the right to hold the policies and renewal certificates. � If Lender requires, Borrowar shall promptly give to Lender all receipts of paid premiums and renewal � notices. If Borrower obtains any form of insuranca coverage, not othexwisa required by Lendar, for damage to, or destruction o� the Property, such policy shall include a atandard a�rtgage clause and shall name � Lender as mortgag� and/or as an additionalloss pay�. In the event of loss, Horrower shall give prompt notice to the insurance carrier and I,ender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insiu�ance was required by Lender, shall be I applied to restoration or repair of the Property, if the restoration or repair ia economically feav'ble and � Lender' s security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proc�eds until Lender hes had an oppordmity to inspect such Properl,y to ensure tha '�, work has been completed to Lender' s satisfaction, provided that such inspection sha11 be uadertsken p prompfly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of 4 progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceads, Lender shall not ba re�uire� 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 praceeds and shall be tha sole obligation of Borrower. If the restoration ; or repair is not economically feasible or Lender's s�urity would be lessened, the insurance proce�s shall be applied to the sums secured by tlus Security Instrument, whether or not then due, with the excess, if any, � paid to Borrower. Such insurance proc�ds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any availabla insurance claim and I related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance � c�rrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will I begin when the notice is given. In either event, or if Lender acquires tha Property under Section 22 or othervvise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance praceeds in an amount � not to exc�ed the atno�mts unpaid uader the Note or this Security Inslrument, and (b) any other of I Borrower' s rights (other than the right to any refimd of un�rned premiums paid by Borrower) under all ' insurance policies covering the Property, insofar as such rights are applicable to the coverage of the � Properiy. Lender may use the insiu�ance praceeds either to repair or restore the Property ar to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 2200284098 Family-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT W1TH MERS D VBANE Form 3038 t/Ot VMPBA�NE) (7 706) Pega 7 of 17 KNvr� Flnandel Servkss �