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2� 1 ��527 reasonably might affect such determinat�on or certification. Borrower sha11 also be responsible for the payment of any f�es imposed by th�Federal Emergency Managem�n�Agency in connectian�v�th the review of any flood zone determ�nation resulting from an obj ectian by Borro�ver. If B�rrawer fails�o mair�ta.�n any of the c��rerages described abo��,Lender may obtain insurance coverage,at Lender's option and Borrawer's expense.Lender is under n.o obligati�n�o purchase any particular type or amount of coverage. Therefore, such coverage sha11 co�rer Lender,�aut might or might nat protect$orrower, Barrower's equity�n�he Property,or�he contents of the Property,against any risk, hazard or liability and might provide greater or lesser coverage than was pre�iously in effect. Borror�er acl�owledges that the cost af the insurance coverage so obtaine�.might significan�ly exceed the cost of insuranc�tha�Borrower could hav�obtained.Auy amounts disbursed by Lender under this Section 5 sha�1 become add�tional debt of Borrower s�cured by this Se�urity Instru.ment. These amounts shall bear�nterest a�the Note rate fram the date of disbursement and sha��be payable,wi�h such interest, up�n notice from Lender ta B�nower reque�ting payment. A11 insurance�oli�i�s�equir�d b�Lende�and renewa�s of sucl�policies�hall be subj ect to Lender's right to disapprove such policies, shall include a sta.ndard mortgage clause, and shall name Lender as mortgagee andlor as an additionat toss payee. Lender sha��have the right to hotd the policies and renewal cer�zficates. If Lender requires,B�rrower sba�I promp�ly give to L�nder all receipts of paid premiums and rene�a�no�ices. If Borrower obta.ins any form af insurance coverage, not otherwise re�ui.red by Lender, for damage to,ar destruction of,the Property, such policy sha11�nclude a standard mortgage claus�and shall name Lender as mortgagee andlor as an additiona�loss payee. In the e��nt of loss,Borr�wer sha11 gi�e prompt natice to the insuranee carrier and Lender. Lender rnay mal�e praof of lass if not made promptly by Borrow�r,Un�ess L�nder and Bono�rer other�uise agree in vvr�ting,any insuran�e proceeds,whether or not the underlying insurance was required by Le�.der, sha11 be app�ied ta r�storation or repair of the Property, if the restoration or repair i�econ�mica��y feasxb�e and Lender's security is not lessened. I�ur�ng such repair a.nd restora�ian period,Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Froperty to ensure the wor1�has been completed to Lender's satisfaction,provided that such inspection sha11 be undertaken prompt��. Lender may disburse proceeds far the repairs and restorati�n in a single pa�ment or�n a series of progress payments as the wark is completed.Un�ess an agreement is mad��n writing or Applicable Law requires interest�a be pa�d an such insurance proceeds, Lender sha11 not be required to pay Bonower any interest or earnings on such praceeds. Fees for public adjusters,or other th�rd�arties, reta.ined by�orrawer shall not be pa�d out of the insurance proceeds and sha�l be�he sole obligation of Borrower. If the restoratinn or repair is not economica�Iy feas�ble or Lender's security would be lessened,the�nsurance proceeds shall be applied to the sums secu�red by this Securi�y Instrument, �vheth�r or not then due,with the excess, if any,paid to Borrower. Such insurance proceeds shall be applied in the order pro�ided fQr i�.�ection�. If Borrawer abandons the Property,Lender may fi1e,negotiate and settle any a�aitab��insurance c�a�m and rela�ed matters. If Borrower d�es not respond within 34 days to a notice from L�nder that the insurance carrier has offer�d ta settle a claim,then Lender may negotiate and settle the claim. The 3�-day period wi11 begin�hen�he notice is given. In either event,or if Lender acquires the Property under Section 2Z or otherwise,Borrower hereby assigns ta Lender(a)Borrower's rights to any insur�n�e proceeds in an amount not ta exceed the amounts unpaid und�r the�Tote or th�s Security Instrument,and (b}any oth�r of Borr�wer's rights(other than the rrght to any refund of unearned premiums paid by FHA❑eed of Trust With MERS-NE 913Q12414 Bankers SystemsTM+ VMP� VMP4N[NE}(15�6}A4 Wolter�s Itluwer Financial Services Page�of 1? q�335a�42393 �Z�3 306 Q717