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- ��1 5��748 reasanah�y might affec�such determination o�•c�rtificatian. Barra�er shall also be responsihle for the paymen�of an�r fees i_mposed by�he Federal Emergen�y Management Agen�y�n�onnect�on with the re�iev�af any fload zone d�termin.atian resulting fram an object�on by B�rrower. If Borro�v�r fails to maintain an�of�he coverages described above, Lender may abtain insurance co�rerag�, at Lender's ap�i�n and Borrawer's e�€pense. Lender is under na�bligation t�purchas�any particular type or am�un�of coverage. Therefore, such�overa.ge sha��cover L�nder, but migh�ar might not pratect S�rrav�er, Borro�ver's ��uity in the Prog�rty, nr�he canten�s of the Property, against any risl�, hazard or liab��ity and rn�ght pro�ride greater or Iesser cvverage than vvas previousl�ia eff�ct. �orrovver ackn�v�rledges that the cos�of the insurance cav�rage so�btai.ned might signif�antly ex�eed�he �ost of insurance that Bvrrovv�r�auld hav�ahtained. Any amaunts disbursed l�y L�nder under th�s �e��ian 5 shall becvme addYtrvnal d�h�of��rrower secured b�this Security Ins�rument. These amounts sha11 bear interest at th�Note rate from the date of dasl�ursemen�and sha��be payal��e, with such interest, upon n�tice from Lender t�B�rrower reques�ing payment. All insurance po�icies required by Lender and r�ne�als❑f su�h palicies shall��subjec�to Lend�r's rig�t ta disappro�e such policres, sha11 include a s�andar�mor�gage c�ause, and sha11 name L�nder as mortgagee andlar as an a�di�ianal loss pa�ee. Lender shall have the right to hnld the p�li�ies and renewal certif�ca�es. Tf Lend�r requir�s, Borrower shal�pramp�ly gi�e�a Lender a�1 receipts of paid premiums and renevwal notices. If Borrower abtai.ns any f�rm�f insuran��overag�, n�t�thervvise required by Len�er, for damage to, or destru��ian vf, �he Pr�p�rty, such policy shall in�iude a s�andard mortgage clause and sha11 name Lend�r as mar�gagee andJar as an additiona�loss payee. In th�even�of 1ass, Barrav�er shall give prampt no��ce to the insurance carrier and Lender. Lender may make proof of loss if n�t mad�prompt�y by Borr�v�er. LJnl�ss Lender and Borr�wer o�hervvise agree in wri�ing, any insuran�e proceeds, v�hether or n�t�he underly�ng insurance was requ�.r�d by Lender, shall be app�ied�o restara�ion or repair of the Froperty, if�he r�s��ra�ion�r repair is economicai�y feasib�e and Lender's security is not les�ened. Dur�n�such repair and restorati�n p�ri�d, L�nder sha11 have the right �o hold such insuran�e proceeds unt�1 Lender has had an opportunity to inspect such Praperty ta ensure the war�has been completed�o Lender's sa�isfact�on, pro�ided that su�h i.nspe�tion shall�e underta��n promptly. Lender may disburse proceeds for th�repairs and res��ratian in a s�ngle payment�r in a serf es af progress pa}�men�s as the work is comp�eted, Unless an a�r��men�is made in writ�ng ar Applicabl� Law re�uires va.�erest to be paid on such insurance pro�eeds, Lender sha��na�be requar�d ta pay Borrower any iu��erest or earn�ngs on such proceeds. Fees far public adjust�rs, �r o�her third part�es, re�ained by Barrovver shali nvt�ae pai�i vut of the insuranc�pr�ceeds and shall be th�sol�obligation af B�rrav�er. If the res�orat�an or repa�.r is not ecvnamically feasible ar Lender's security would be lessened, �he�nsurance praceeds sha11 be app�ied�o the sums secured by this 5ecur�ty Instrument, whe�her ar not then due, with the excess, if any, pa�d�a Borrov�rer. Such i.nsuranc�pr��eeds shal�be appli�d in the arder prvvided far in 5�ction 2. �f Bvrrower abandans the Pr�pert�, Lender may fil�, negatia�e and settle any availa�le�nsurance claim and rela�ed mat��rs. If B�rrow�r does not respand wi�hin 3�days to a n�tice from Lender that the insurance carrier has �ffered tn se�.tle a�laim, then Lend�r may negatiate and settle the clavm. The 3�-day peri�d vvill�beg�n when the noti�e�s given. In�i�her event,,ar if Lender acquires the Pr�per�y under Sectian 22 or o�hervv�se, Borrower hereby assigns ta Lender�a}Barrower's rights�v any�nsurance proceeds zn an amount not tfl e�ce�d the amounts unpaid under�he Note or this 5ecurit��nstrument, and �b}any other of Sorrovc�er'�rights�ather than the right��any r�fund of unearned premiums paid by 2015-274�5�3 1��0497�QQ'12�977�9 S�� FHA Deed af Trust With M ER5-NE 913�12�i 4 Bank�rs Systems�'� VMP O VMP4N�NE�{15D5y Woiters Kluwer Finan�ial 5�rvices 912�12015 2:33 PM Page 7 of 17