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2� 1 ��837 reasonably might affec�such determination ar c�rtification, B�rrower sha��a�so be respansible for the payment of any fees impo�ed by�he Federal Emergenc�r Management Agency in connec�ion with the revi�w of any fla�d��ne determ�nation resulting from an obj ection by Borr�vver. If Borrower fails to main�ain any�f the coverages described ab��ve,Lender may obtain in�urance coverage,at Lender's aption and Borro�ver's expense. Lender is under no obiigation to pur�hase an� pa.rticular type or amoun�of coverage. Therefore, such caverage sha��co�er Lender,but might or m�ght not protect Borrower,Barrovver's equity in the Praperty,or the contents af the Pr�perty,a�ainst any risk,haza.rd flr�iab�lity and might pro�ide great�r ar lesser coverag�than was previously in effect. Borrower acknovwledges that the cost of the insuranc�coverage�o obtained migh�signific�ntly exc�ed�he cast of xnsurance that Borrower could have obtained.Any amounts d�sbu.rsed by Lend�r under this Section 5 shall becorne additional d�bt of Borrower secured by this Security Instrument. These amoun�s sha11 bear in#erest at the Note rate frorn the�ate of disbursement and shall be payabie,wi�h such interest, upon�otice from Lend�r to Borrower requesting payment. All insurance policies required by Lender and renewal�of�uch policie�shal�be subject to Lender's right t�disapprov�such go�icie�, shall include a staadard mortgage c�ause,�.nd sha11 name Lender as mortgagee andlor as an a�lditionalloss pa�ee. Lender shall hav�the right to hold the p�licies and rene�val certificates. If Lender requires,�orro�ver shal�promptly gi�e to Lender all receipts af paid prem�ums and renev�al notices. If Borrawer obtains any f�rm of insurance co�erage,not atherwise required by Lender, for damage to,or destruction af,the Fraperty, such po�icy shaii inc�ude a standard m�rtgage clause and sha�i name L�nder as mortgagee andlvr as an additional�oss payee, In the e�ent of l�ss,�orrotiver shal�give prompt notice to the insurance carrier and Lender.Lender may make proof�f lass if not made promptly by Borrawer.�.Tnless Lender and Borrower atherv�ise agree in writing,any insurance proceeds,wheth�r�r not t�e underlying ins�uanGe vvas�requu'ed by Lender,sha11 be applied ta restoration or repair of the Property, if the restaration or repair is�conamica�ty feasibl�and Lender'�sectuity is not lessened, During such repa�.r and restoration period,Lender shall have the right to h�ld such insurance proceeds until Lender has had an opportun�ty to inspect such Frop�to ensure the work has been comp�et�d to Len.d�r's satisfa�tion,provided that such inspection shall b�under�a�en promptly. Lender may disburse pr��eds for the repairs and restoration in a single payment or in a series �f progress payments as th�wark is completed.Unless an agreement is made in writing or Applicab�e Law requues interest ta be paid on such insuran�e pr�ceeds,Lender shall not be required to pay Borrower an�interest or�arnings�n such pr�ceeds. Fees for pub�ic adjusters,ar other third parties, retained by Borravver�ha11 not be paid out of the insurance praceeds and shall b�the sole�b�igation af F3orrower,If th�re�toration or repair is not economically feasible or Lender's security would be �essen�d,th�insurance proceeds sha11 be appli�d to the sums secured b�this Security Instrument, �hether Qr not then due,with the excess,if any,paid to Borrower. Such in.su.rance proceeds sha11 be applied in the arder prvvided for in Section 2. If F3orrawer abandans the Property,Lender may file,negotia�e and settle any available insurance claim and related ma�ters.If Borro�ver does not respond within 3�days to a notice from Lender that the �nsurance carri�r has affered to settle a c�ai.m,then Lender may negotiate and settle th�clai.m. The 3�-day periad�vi11 begin�hen the notice is gi��n. In either��nt,or if L�nder acquues the Property under Sect�an 2�ar otherwise,Borrower hereby assigns ta Lender(a}B�rrv�rer's rights to an�insuranc� proceeds in an amount not to exceed the amounts unpaid under the Note or this Secur�ity Ins�rument,and (b}any other of Borr�wer's rights[o#h�r than the right to any refund of unearned premiums paid by FHA aeed of Trust W�th M E R5-hl E 9�'3U12D'�� Bankers SystemsTM� VMP� VNIR4N�IVE}�950�).�} Wolters Kluwer F�nancial Ser�lces Page 7 of�7 q�3349844171 4z33 386 0717