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��14��5�9 <br /> services ar�d subseque��t�harges each Y.ime remappings a�r similar ci�anges accur which�easonab�y migh� <br /> affecti such determination o�• ce�•tif�ati�n. Bot���o�ve�-sha�l alsa be�•esponsi�le fo�•the pa�rnen�af any fees <br /> imposed by the Federal E�n�rgency Management Agency �ti can��e�tion with tl�e�-e�ievW of a��y flaad zone <br /> de�ermination resulting f�•om an �bjection by Ba�rowe��. <br /> If Bo�•�•ovver fails to mainta�n an�of��e coverages desc�•ibed abo�e, T_.,ende�• rtnay obtain insul•ance co�erage, <br /> at Lender's op�ian and Ba�•rower's expense. Lende�• �s under no ob�iga�io���o put•chas�any particular typ�or <br /> amau��t of ca�erage, Therefare, such cove�rage sha1� co�er L�nder, vu�mi�;ht o�•m�gh�no�pratee�Borrawer, <br /> Barrowe�•'s equity i n�.he Prope�•ty, or�he contents of�he P�operty, agai ns�t any�•i sk, haza�•d ai- 1 i abi 1 it�and <br /> migh� p�-o�ide g�-ea�er or lesse�• co�era�;e tl�an was p�•e��ous�y in effec�. Boz•rrowet•acknawledges that the cos� <br /> of�he it�suran�e cav�rage so Qbtai�zed migh�sigt��fica��tiy ex�eed the co�t of insurance tha�Barrower couid <br /> ha�e ob�a�ned. Any amou��ts disbursed by Lender under this Section S sha1� became additional debt of <br /> Sort�ower se�ured��y this Security Znstrument. These amounts shail bear in�;erest a�the Note ra�e fram t11e <br /> da�e of disbu��sement and shal� be payab�e, with such interest, upon na�ice fram Lend��•to Bor�-owe�- <br /> reques��ng pa�rn�rent. <br /> All insu��ance polic�es requi�•ed by Lender and renev�als af such policies shal� be subject to Lender's right�o <br /> disappro�e such policies, sl�all i��ciude a s�a��dard �na�-�gage clause, a�1d shall name Lender as martgagee <br /> andlor as an addi�iona� �oss payee. Lender�ha�l l�a�e the�-ight to��ald tl�e po�ic�es and renevWal certificates. <br /> �f I.�ender re�ui�•es, Borrower shall pro�np�ly give�a Lender ali rece�pts of pa�d premiun�s a��d r�newal <br /> no�ices. If B�rrowet�ob�ains any form of insu�-ance co�e�•a�e, not otherwise r•equir�d by Lenderr, for darnage <br /> to, or destruction af, the Proper�y, such policy shal� include a standa�-d mflrtgage clause and sha[� naine <br /> Lender as mar�gagee andlar as an add��ionai lass payee. <br /> Yn the e�en�of�oss, Borrower sha�� gi�e promp�no�ice�to t��e insurance ca�•��er and Lende��. Lend�r may <br /> n�ake proaf of�oss if not made promp�ly by Borr�vver. Unless Lender and B�rrovver a�herw�se agree i�� <br /> writing, any insurance proceeds, whether flr n�t the underlying insurance vvas�•equired by Lender, shail be <br /> applied to res�oration or�epair of the Property, �f�lae res�oration or repair�s ecanomi�a�l�feas�ble and <br /> Lende�-'s security �s not lessened. Dut•�n�such repai�• and z•esto�ation periad, L�nde�•sha11 have the ri�ht ta <br /> hold sucli i�sura�-�ce�roceeds until Lend�r has had an oppori�uni�y to �nsp�ct such Frope��.y�o ensure the <br /> v�ork has been�ompleted�.o Lender's satisfaction, proWided that suc�� inspeGtion sha�l be u�dertaken <br /> pro�r�ptly. L.ende�may disbu�•se p�-oceeds fo�•�he repai�-s aY�d r��l:oration Yn a sit�gle payment or in a se�ie� af <br /> pr�gress paymen�s as the worrk is camp�eted. Un�ess an agreement is made in writin��r Applicable Law <br /> requires interes�ta be paid an such insuran�e proc�eds, Lender s��a�l not be requi�ed�o pay Barr�wer any <br /> intex•�st�r ea�-nings on su�h proceeds. Fees far pulllic adjus�ers, or o�her third parti�s, re�a�ned by Bo�rovWer <br /> shall nat�e paid flut of the insu�ance proceeds and shali be the sole abliga��on of Borravver. if��e resta�ation <br /> or repair is no�economica�ly feasible❑r Lender's securi�y v�au�d be lessened, �he�nsu�•ance p�•aceed�shail be <br /> applied to�h�sum�secu�-ed by this Secur��y Ins�ruir�ent, wl�ether oz• not�hen due, with�he excess, if any, <br /> paid�o�3orrawe�•. Such �nsurance pr�c�eds shall be app�ied i���he ax•der p�a�ided for in Sec�ian 2. <br /> �f Barrowe�-ahandons the Proper�y, L�nde�• may file, negatiate and set�le any a�ailable�nsurance claim and <br /> related matters. If Borrower does na�respond wi�hin 3�days t�a no�ice fr�m Lender�hat the insurance <br /> carrie�•has offered t�settl e a c�a�m, �hen Lende�•may negoti ate an�i se���e the c�aim. The 3�-day pe�riod wi�l <br /> be�in whe��t1�e n�tice�s given. �r� ei�her e�ren�, ar if Lender acqu�res the Properf.y under Sec�ion 22 or <br /> othe�•wise, Bor�•ower heY•eby assigns�o Lender•�a�Boi•rower's r�gl�ts to any�nsu�•ance pt•oceeds in an am�un� <br /> ��ot to exceed t��e an�aun�s unpaid under�he Na�e ar�his Security�ns�rument, and�b}any other af <br /> Borrower's righ�s (other tl�an the ri gh�to any refund of unea�ned p�-en�itYms pai d by B�r�•nwe��under al� <br /> insu�ance pa�icies cove�-ing�he P�•op��-ty, i��sofar as such �•�ghts are applicable�.a the�ove�•age af the <br /> Property. Lende��may use�:he insurance proceeds either�o repaYr or res�ore the Pr�pert}r ar�o pay arn�unts <br /> unpa�d under�he Not�or�his Security Ir�strument, whe�he�-or no��hen due. <br /> 88�9581078 �-����,� 88a158i�78 <br /> NE8RA5i{A-5in�le Fami�y-Fanni�MaslFreddie Mac UH1�QRlVI 1NSTRLiMENT WITH M�RS Form 3028 1101 <br /> VM P[� VM PSA�NE}��302} <br /> Wolters Kluwer k=inanc�al Service� Page 7 of�7 <br />