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2� 1 �� 1112 reasanably might affec�such determination ar certification. Borro�ver shall a1��be responsib�e for�he payment of any fees imposed by the F�deral Emerge�cy Managern�nt Agency in connectiQn with the review of any flood zane determination resulting from an obj ect�on by Borr�wer. If Borrower fails t�main�ain an�af the coverages described abo�re,Lender may obtain insurance covera�e,at Lender's aption and Borrower's expen�e. Lender is und�r no obligation to purchase any particular type or amaunt af co�erage,Therefare, such co�erage shall cover Lender,but might�r might not pr�tect Borrower,B�rrower's equ�ty i�the Prop�rty,or the�ontents of the Property,against any risk,ha�axd or 1�ability and might provide greater or lesser coverage�han was previously in eff�ct. Borr�wer ackn.owledges that the c�st�f the insurance caverage so abtained might significantly�xceed the c�st of i�nsurance�hat Borrower could have obtained.Any amounts disbursed by Lender under this Section S shal�become additional debt of Bonower secured by this Se�urity Instrument. These amounts shal�bear�n�erest a�the Note rat�from the date of disbursement and shali be payable,�vith such intere�t� up�n.noti�e from Lender to Borrower requesting payment. All insurance policies require�by Lender and renewals of�uch policies sha��be subj�ct ta Lender's right to disapprave such po��cies,sha11 include a standard rnortgage clause,and�ha�1 name Lender as mortgagee andlor as an additionalloss payee. Lender�hall have the right to hold the pa�icies and renewal certificates. If Lender rec�uires,Borrower shall prompt�y g�ve to Lender a11 receipts of paid premiums and renewal notices. �f Barrower obtains any f�rm of insurance coverage,not otherwise required by Ler�der, far damage to,or destruction of,the Praperty,such policy sha11 include a standard mortgage clause and shal�nar�e�e�.d��as mortgagee andlor as an add�t�Qna��ass payee. �n the event af 1oss,Borrower sha11 give prompt notice to the insu�rance carrier an�Lender. Le�der may make proof of loss if no�made promptly by Borrotiver. Unless Lender and Borro�rer o�herwise agree in writiag,any insuranc�pr�ceeds,whether or not the underlying insurance was r��uued by Lender,shat� be applied to restaration or repair of the Praperty, if the restara�ion�r repair is economica��y feasi�le and Lender's security is not lessened.Dur�ng such repau and restoration period,Lender sha11 ha�e the right to h�ld�uch insurance proceeds un�il Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's sat�sfaction,prov�ded that such inspection sha11 be undertaken prompt�y. Lender may disburse proceeds fvr the repairs and restoration in a single payment or in a series of progress payments as the�ork is completed.Unless an agreement is mad�in writing or Applicable Law requires interest to be paid on such insurance proceeds,Lender sha11 not be requued ta pay �orrower any interest or earnings on such proce��s. Fees for publie adjusters,or ather third parties, retained by Borro�ver shall not be paid out of the insurance pro�eeds and sha11 be the�o�e obl�gation af Borra�v�r. If the r�storati�n or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall�ae app�ied to the sums secured by thi�Security Instrument, whether vr not then du�,with the excess, if any,paid to Borrawer. Such insurance proceeds sha11 be appl�ed in the order provided far in Section�. If Bonower abandans�he Property,Lender may f�Ie,negatia�e and settle any a�ailable in�urance c�aim and related matters. If Borrower does not respond within 34 days to a notice frorn Lender that the insurance carrier has offered t�set�l�a claim,then Lender may negotiate and s�ttle the claim. The��-day period wr11 begin when the notice is givea.In either event,or if Lender acquires the Property under �ectian�2 or�therwise,Borrnwer hereby assigns to Lender(a}Borrawer's rights ta any insurance proceeds in an amount not�o exceed the amounts unpaid under the Note or this Secur�ty Instxumen�,and (b}any other af Borrower's rights(ath�r than the right to an�refund af uneamed pr�miums paid by FHA Deed of Trust With MERS-NE 913�I2U14 Bankers SystemsT�+ VMP� VMP4N(NE}(154B).00 Walters Kluwer Financiai Seniicss Page?of 17 q�33519�5385 4z33 28� �717