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2� 15�8599 reasonably migh�affect such determination or certxf�cat�on. Borrower shall also be res�ons�b�e for the payment of any fees imposed by the Federal Emergency Management Agen�y in connection�r�th the re�ievv of any flood zone determinat�on resu�ting from an obj ection by Borrower. If Borrower fails to main�ain any of�he coverages descrYbed above, Lender may obtain insurance coverag�,at Lender's option and Borrower's expense. Lender is under na obiigatian to purchase any part�cuiar type or amaunt of c�verage. Therefore, such co�erage shai�cover Lender,bu�might or migh� not prote�t Borro�er, Borrower's equity in the Pr�perty,or the coatents of the Froperty, against any r�sk,hazard or Xiability an�d might pro�ide greater ar lesser coverage than was prev�ously in effect. Barrawer acknowledges�hat the�ost of the insurance covexage so abta�ned m�ght significantly exceed the cost of insurance that Borrower could ha�e obtained. Any amounts dYsbursed by Lender under this Sect�on 5 sh��become additional debt of Borrower sec�red by this Security In�trument. These amounts shaii bear interest at the Not�rat�from the date of d�sbursement and shall be�ayable,wi�h su�h interest, upon no�ice from Lender to Borrower requesting payment, A11 insurance policies required by Lender and renetiva�s of such policies shall be subject to Lender's right to disappro�e such policies, sha11 inc�ud.e a sta.ndard rnortgage clause,and shall name Lender as mortgagee and�or as an additional loss payee. Lender shall ha��the right to hold the policies and re��wa1 certYfcates. If Lender requires, Borrower shall prompt�y give to Lender at1 re�e�pts of pai�i premiums and renewa�nat�ces. If Borro�ver obta.ins any form of Ynsurance�o�erage,not otherw�se required by Lender, for damage to,or destruction of,the Property, such poli�y sha�l inelude a standard mortgage clause and shall name Lender as mortgagee andlor as an additianat�oss payee. �n the event of loss, Borro�uer shall gi��prompt notice to the insuran�e carrier and Lender. Lender m�a}� make pr�of of l�ss if not made promptly by Borrawer. Uniess Lender and Bonower atherwise agree in writin�,any insura�ce proceeds,whether ar not the underlying insura�ce was required by Lender, shal� be applied to restoration ar repair of the Property, if the restoration ar repair is economically feasible and Lender's security is not lessened. I)uring such repair and restoration period, Lender shat�ha�e the right to hold such xnsurance praceeds unt�l Lender has�ad an opportunity to inspect such Property to ensure the work has be�n comp�eted to Lender's satisfac�ion, provided that such inspection shall be undertaken p�omptl�, Ler�der may disburse proc�eds for the repairs and restoration ir�a single paymen.�or in a series af pragr�ss payme�ts as tbe work is completed. LJn.less an agreement is n�ade in writing or Applica��e Law r�quires interest t�be paid on such insuranc�proc�eds, Lender sha11 not be required ta pa� Borrower any interest or�arnings on su�h proceeds. Fees for public adjusters,or other third part�es, reta.ined by Barrower�hail not be pa�d out af the�nsurance proceeds and shali be the sole ob��gation of Bonawer. If the r�storation or repair is not economical�y feasible ar Lender's security would be lessened,the insurance proceeds shall be applied to th�sums secured by this Se�uri�y Instrument, whether or not then due,with the excess, if any,paid to Borrower. Such�nsurance proceeds sha11 be app��ed�n the arder provid�d for in�ection 2, If$orrnwer abandons the Property, Lender may fi1e, negotiate�nd settle any availab�e�nsurance claim and reiated matters. If Borro�ver does not respond w�thin 3�days to a notice from Lender that the insurance carrier has offered to settle a claim,then Lender may negotiate and sett�e the claim. The 3�-day period Wi1I begin when the notice is gi�en. In either event,ar if Lender aGquires the Property under Sectio�.��or atherwise, Borrative�hereby assigns ta Lender�a)Barrovver's rights to any insurance groceeds in an amount not to ex��ed�.he ama�ants unpard.under the�ote or t�ii�5ecurity�nstrument, and �b}any other of Borrower's rights(ather than t�e right to any refund of unea�ned premium�paid by FHA deed of Trust With MERS-NE 9I3U12414 8ank�rs 5yst�msT� 1iMP C� VMP4N(NE}(15�6}.�4 Vllalters Kluwer Financial Services Page 7 of 17 q�3348955�7� �233 32� �717