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��14�5751 ser�ices and subsequent charges each time remappings or similar changes ❑ccur which reasonably might affect such determination or cert�ficatian. Borro�ver shal� alsv �e responsible for the payment ❑f any fees imposed by the Federa� Emergency Management Agency in connectian v�r�th the re��ew of any flood zone determina#i�n resulting fram an ohjection by Borrower. If Borrvwer fails to maintain any of the cn�erages described aba�e, Lender may obta�n insurance cv�erage, at Lender's optivn and Borrower's expense. Lender is under n❑ vbiigativn to purchase any part�cu�ar type or amount of ca�erage. Therefore,such co�erage shal� co�er Lender, but might or might nat prvte�t Borrower, Borrovver's equity �n the Property, ❑r the contents of�he Property, against any r�sk, hazard or lia�ilit� and might provide greater❑r lesser co�erage than was previous�y in effect. Barrav�er acknowledges that the cost af the �nsurance co�erage so abtained might significantly exceed the cos# of insurance that Borrawer cauld ha�e o�tained. Any amount5 disbursed by Lender under this Sectian 5 sha11 become additional debt vf Borrower secured b� this Security Instrument. These amaunts sha1X bear interest at �he Nate rate from the da#e ❑f disbursement and sha�l be payabie, with such interest, upon notice from Lender t❑ Borrower reques�ing payment. A11 insurance policies required by Lender and renevvals of such policies shall be subjec�to Lender's r�ght #o disappro�e such policies, sha11 include a standard mortgage clause, and shall name LQnder as mortgagee andlor as an additional loss payee. Lender shal� have the right ta hold the policies and ren�vval certificates. If Lender requires, Borrower shall promptly give t� Lender a�l r�ceipts of paid premiums and renewa� notices. If Bvrrower ob�ains any farm of insurance cn�erage, nvt othervvise required by Lender, far damage ta, or destruction ❑f, the Prvperty, such policy shall include a standard martgage ciause and shall name Lender as mortgagee andlar as an additional loss pa�ee. In the event of loss, Borrower shall gi�e prompt notice �n the �nsurance carrier and L�nder. Lender may make prnof af loss if not made promptly by Bvrro�er. Uniess Lender and Barrower ❑therw�se agree in wr�ting, any insurance proceeds, �vhether or not the underlying insurance vWas required by Lender, shali be applied to restoration ar repair of #he Property, if the restorat��n or repair is ecanamically feasible and Lender's security is no� lessened. During such r�pair and restoration p�riod, Lender shall have the right to haid such insurance prviceeds until Lender has had an appartunity to inspect such Prvperty #o ensure the wvrk has been campleted to Lender's satisfactian, pra�id�d �hat such inspectian sha�� be undertaken prvmptly. Lender may disburse proceeds for the repairs and restora�ion�n a single payment ❑r in a series of pragress pa�ments as the work is campleted. Unless an agre�ment is made in writing ar App�icable Law requires interest to be paid ❑n such insurance praceeds, Lender sha�� not be required to pay Borrovver any interest❑r earnings on such proceeds. Fees fvr public adjusters, or vther�hird parties, retained by Barrower 5ha11 not be paid out vf the insurancQ proceeds and shall be the soie vbligativn of Borrower. If th�res�ora#ion ar repair is na�ecanamically feasible❑r Lender's security w�uld be I�ssened, the insurance praceeds sha11 be applied to the sums secured by this 5ecurity Instrument, whether❑r not then due, with the excess, if any, paid to Borrovver. Such insurance proceeds sha��be app�i�d in the order proWided for in SQction 2. If Borrovver abandons the Praperty, Lender may fiie, negotiate and settle an�available insurance ciaim and rela#ed matters. If Bvrrower does not respond within 3� days ta a no�ic� frnm Lender that the insurance carrier has offered to sett�e a claim, then Lender may negvtiate and settle the claim. The 3�-day period wi11 h�gin when the notice is gi�en. In either event, or if Lender acquires the Prvperty under Section 2� or athQrwise, Borrower hereb� assigns to Lender �a) Borrower's rights ta any insurance proceeds in an amaunt no� tv exceed the amounts unpaid under the Nate ar this Securi#y Instrument, and �b} any other af Borrovver's rights �other than the right #o any refund of unearned premiums paid by Borrovver} under a11 insurance policies co�ering #he PrapQrty, insofar as such r�ghts are applicahle to the co�erage of the Property. Lender may use the insurance proce�ds eith�r to repair or restore �h� Property or t❑ pay amounts unpaid under the Nat�vr this 5ecurity Instrument, vWhether❑r nvt then due. �4'f 1 239401 7 5 Citibank 3 2 83 19 V� N�6RA51(A-Smgle Family-�annie Mael�reddie Mac UNIFORM lIVSTRIJMENT WITH MERS Form 3028 7101 VMP� VMP6A[NE}('[3�2}�p Wofters FtluwEr F�nancial Serv�ces Page 7 of 17