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��15�5�5� <br /> subscquen� charge� cac� timc remappings or sirnilar cha�.ges occ�r ��vhich reasonably migh� affect su�h <br /> deterrninaLian or Ger��fxcatxan, Bo�r�rawer shall alsa b� responsible for the payment ar any fees impased by �h� <br /> Federal Emexgen�y Managemen� Agency in c�nnection wi�h the re�riew of any flaoc� zone de�e�mina�ion <br /> resulting fram an objec��on by Box�awer. <br /> If]3orrov�er fails�o main�ain an.y of�he co�erag�s descr�bed above; Letlder may ab�ain insu�ra�ce ca�e�age, <br /> at Lender's ap�ifln and B orravver's e�pense. L�nder i� und�r nc� �bligatian �a pur�hase any parti cul ar type ❑r <br /> amount of coverage, Therefore, �uch coVe�rage shall cover Lender, bu� m�ght or migh���ot pra�e�t I3orrow�r, <br /> Bor�ower's e�ui�y in �he Property, o�� �he con�en�s of�he Prnperty, agains� any risl�, hazard or liabili�� and <br /> migh� pravide greatei or Iesser ca�erage than was �reviou�Iy in effec�. Borrower a�kt�ovv�edges that the cos�; <br /> �f�he insurance co�ei•age s� ob�ained rn ight significan�ly exceec� �he cas� of insurance �ha� B orrawe�r cou�d <br /> have ob�ai�ed, Any amour��s disbursed b� Lender unde�r this Sec�ion 5 shali be�ame additional debt of <br /> Bor�rowe�r secured by�his Security 7nstrumen�. Thes�am.oun�s sha�l bea� in�ere�t at�he I�Ta�e rate f�ro�aa �h��a�e <br /> ❑f d�sbursement anc� shall Ue payab le, with such in�ez-es�, upon na�ice frarn Le�lder ta B arravve�r req�ues�xng <br /> payme��. <br /> AI1 insuran�e polzcies required by Lende� and renewals ❑f such polic�es shall be subjecti�o Lend�r's right <br /> ta disapprave such policies, shall include a s�anda�d rnor�gage ��ause, and shall name Lender as tnor�gagee <br /> a�ndlar as an a�ditional Ioss pa�ee. Lender shall ha�e the ri�ht t� h�ld�h�poli�ies and renewal certifica�es. �f <br /> Ler�de� requ�res, Borrower shail promptly give�o Lender a�l��ece���s of paid premiums and xenevv�.i not�ce�. �f <br /> Barrower obtains any farm af insurance �ov�rage, no� otherwxs� ��equired by Ler�der, for damagc �o, a�r <br /> d�struc�ian of, �he Property, such policy shall znc�ude a s�andard mo�r�gag� c�ause and 5ha�� name Lender as <br /> rnortga.g�e andlor as an addi�r�nal loss payee. � <br /> In the even� of Ioss, Borrowe�� sha�� ��ve prornp� natice �o the insu�a�.�e carrier and L�n��r, Lender may <br /> make proof �f l�ss if nat rnade pram.p�ly by B�r�rowcr. Unlcss Lendcr and Borr��vex o�herwise agxee in. <br /> vvri�ing, any insurance praceeds, vvhether or not the underlying insurance was req�uired by Lender, shall b� <br /> applied �o res�ara�ion or �repair of �he Pro�er�y, if the res�oratian or �epa�r is econom�cally fea�ib�e and <br /> Lender's securi�y is nat I�ssened, I]urzng su��a repair an� restoxa�ion period, Lender shall hav� the right �o <br /> hold such insurance praceeds un�il Lendex has had an �ppartunx�y to inspec�such Praper�y �o ensure �he wot�lc <br /> has been �ompleted to Lender's sa�isfa�tion, piro�ided that �uch inspection shall be un�ertaken prompt�y. <br /> Lender rnay d�s�urse proceeds fnr the repairs and �•esto�at�o�a in a single payment or �n a series af pro��ress <br /> �aymen�s as the wor1� is �ompleted, Unless an agreemen� i� made in writing or 1�.pplicable Law requir�s <br /> i��.�e�res� �a Ue pa�d on such itasut a��ce p�oceeds, Lender sha�l na� l�e required to pay Bo�rotive� any interest �r <br /> ea�rn�n.gs on such proceed�. Fees for puhlic adjusters, nr o�her t�ird parties, re�a�n�d by Borrowe�� shai�no� b� <br /> paid ou�of�he znsurance pr�ceeds and shali be the s�le obligation of Borrov�er. If�he res�ara��an or r�pair is <br /> no� econornica��y feasible o�r Lender's security would be Iessened, the insurance p�roceec�s sha�l be appl�ed to <br /> the sums secu�ed by �h�s Secuz•�tiy 7nstruz�ien�, whethet or not �he�� due, wi�l�. �he excess, if any, paid t❑ <br /> Borr�vver, Such insuxanc�proceeds sha�X be applied in the c�rder�roWided for zn S�c�ion Z. <br /> If Borrower abandons�he Proper�y, Lende�r may�le, neg�tiate and setitle any available insurance cla�m and <br /> rela�ed matters. �f Borraw�r does not re�pond within 3� days to a nfltice fr�xn Lender tha� �he insu�rance <br /> carrier has offered to settle a claim, then Lender may negotiate and �ettle the claim. The 3��-day period vt�i�1 <br /> b�gin when �he notice �� gi�en, In �ither event, or if Lender acquires the P�rope�r�y unde� Sectian �2 �r <br /> o�herwzse, Bar�awe�r hexeby assigns to L�nder (a� Borxower's righ�s t� any ��nsuxance pracccds in an amount <br /> no��a exceed�he amaun�� unpaid unde�� tihe No�e ar tihis Security�nstrumen�, and �b} any other �f Bor.rower',� <br /> righ�s (o�her�han the righ��o any refund of u�earned p��m�um� pa�a�by Bo�rrower} under a�� insu��.nce poiicies <br /> �av�ring �he P�raper�y, zn.sofar a� �uch r��;h�s a�e appl�cabl� ���he cove�ra�e of the Praperty. Lender may us� <br /> �he insurance procccd� ci�her�o r�pair ax rest�re �h�Property or ta pay amoun�s unpaid under�he Note or thrs <br /> S'ecur�ty Instrument,whetihe�r�r not the�.due. <br /> b. [3ccup�nc�. B orrower shall accupy, es�abXish, an� use �he P�roperty as Borrawer's principal residence <br /> within d� days after the execu�ion of this S�curx�y �ns�rumen� and sha11 cantinue t� oc�upy thc Pxap�r�y as <br /> Barrawer's principal re�idence �'or at l�ast one y�ar after �he da�e af occupancy, unless Lender athe�vvis� <br /> agrees �n wr��i ng, v�h i ch con sen�s�al l nc�t be unreasc�nahly withhel d, or un l ess ex�enua�ing cir�ums�an�es exisfi <br /> whzch axe beyond Bo�rxowe�r's con�roX. <br /> 7, Preservation, Maintenance and Pro�ectxon flf the Prop�rty; Inspec�ions. Boxro�ret� shail no� <br /> des��roy, daxnage or �rnpa��r the Prcape�ty, aila�v the Pro�er�y to deteriorate ar �om�mit vvaste on the Proper�y. <br /> Whe�her or no�B�rrower is residing in�h.e P�rope�ty, T�orrower shali rn.azn�ain the Property �n arder to pre�ent <br /> the Property fram de�eriora�in� or decreaszng in �alue due to its �andition. 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