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2� 1 ��347� reasonably mrgh�affect such de�e�minatio�ar certification. Borrower shall also be responsible fvr the payment of any fe�s�rnposed by the Federal Emergency Management Agency in con.nection with t�e rev�ew of any flood zone determination r�sultin�fr�m an obj ection by Borrower, If Borrower fails to maintain any of the coverag�s described ab��e,Lender may ob�a.in insurance coverage,at Lender's option and Borrower's expense. Lend�r is under no�bl�gation to purchase any parti�uiar type or amQunt of��verage.Therefore, su�h co��r�ge sha�t co�er Lend�r,but migh�or r.��ght not pratect Borrower,Borrower's equity in the Prc�perty, or the contents of the Property,against any risk,hazard or�iability and migh�provide greater or lesser ca�erage than was pr�vious�y in.effect. Borrov��r acknov�ledges that the c�st of the insurance coverage so�btained might significant�y exceed the cost of insurance tha��orrower could have obtained.Any amounts disbursed by L�nder under this Section 5 shat�become additiona�d�bt of Borrower secured by this Security Instrument. These amounts sha�l bear interest a�the Note rate from�he date of disbursement and shal�be payable,with such�nt�rest, upon notice fram Lender tv Bvrrower requesting�aymen�. All insurance po�icies required by Lender and renewals of such palicies sha1��be su�,ject to Lender's right t�disappr��re such po�icies, sha�t�nclude a s�n�.ard mortgage clause,and sha��name Lender as mortgagee andlor as an additional loss paye�. Lender sha��have the right ta hold the poliG�es and renetival certifi�ates.If Lender requires,Borrower shall prornptly give to Lend�r all receipts of paid premiums and re�ewal notices. If Bonow�r ob�ains any form af in�urance cov�rag�,not vther�ise requ�ed b�r Ler�der, far damage to,or�estru.ction af,th�Pr��aerty, such policy shail include a standard m�rtgage clause and shall name Lender as mortgagee andlor as an addit�ona�Zoss pa�ee. In the even.t of loss,Borrower sha11 give prornpt not��e to the insurance carr�er and Lender. Lender ma� ma1�e proof of�oss�f not made promptly by Borrower.Unless Len�.er and Barro�ver o�herwise agree in writing,any insurance proceeds,�rhether�r not the underlying insurance was rec�uir�d by I�ender,shall be agplied to restoration or repair of the Property, if the r�storation or repair is economicall�feasibte and Lender's securit�r is not lessened. During such repa�r and restoration per�od,L�nde�shali have the right to hold suGh insurance prflceeds until L�n.der bas had an opportunity to inspect such.P��ope�to ensure the�vark has been compl�ted to Lender's satisfaction,provided that such inspection sha11 be undertaken promptly. Lender may disburse proceeds for the repairs and res�oratio�in a single payr�ent or in a series of�rogres�payments as the w�rk is cornp�eted.Unless�.n agr��ment is made in writing or App�icable Law requires�nterest to be paid on such in�urance pr�ceed�,�ender sha��not be required to pay BarroWer any interest or earnings on such proceeds. Fees for pubZic adjusters,or other third parties, reicained by Borrower shalt no�be paid ou�of the insurance proceeds an�1 shal�b��he so�e obligation of Barro�er, If th�re�toratian ar re�air is not e�vnvmi�ally feas�ble or Lender's securit��ou1d be �essened,the insurance proceeds sha11 be applied to the sums secured by this Security Ins�rument, whether or not�hen due,�vith the excess, if any,paid to Borrower. Such insurance�roceeds sha11 be ap��i�d.r�t�.e order provided for in Se�tian�. If Borrawer abandons the Prop�r�,�.ender may file,negotiate and settle any availab�e insurance claim and re�ated matters. If Borrower does no�respond�vi�hin 3 a days to a�otice fro�rn Lend�r that th� �nsurance carrier has affered to settle a claim,then Lender may n�g�t��ate and settl�the claim. The 3�-day period will begin tivhen the natice is gi�en. In ei�her event,or if Lender acquir�s the Property und�r Section z�c�r Qther�vise�Borrawer h�reby a�s�gns to Lender�a3�orrov�er's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under�he No�e or this Security Instrument, and (b}any other o�Borr�wer's righ�s(other than the right to any refund of unearned premiums paid by FHA Deed of Trust With MERS-NE �13�124'E4 Bankers SystemsT"� VMP� 11MP4N�NEJ[154fi}.40 Wolters Kluwer Financial Servi�es Page�af 17 q�3357�12473 �233 31� 471? _