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2� 1 ��4� 17 reas�nabl�r might affect such determina�ion or certif'xca�ion. Borrovver shall als�be respnnsi�le for�he pa�ment of an�fees imposed b�the Federal Emergency Management Agenc�rn connection vvith�h� reviev�r of an�flood zone determi.nation resulting fram an ob�ectian 1��Borrower. If Bvrrn�rer fa�1s to maintain an�of�he co�erages described a�vve, Lender may obtain insurance cn�erage, at Lender's optinn and Borrower's expense. Lender is under no vbliga�Yan�o purchase any particular type or amoun�af cvWerage. Therefore, such caverage shall cover Lender, but nugh#❑r might no�pratect Borrovaer, Borrawer's equi�y fn the Prnper�y, or the cantents of the Property, against any risk, ha2ard or liability and mxght provi,de greater vr Iesser cvverage than was pre�iausly in effect. Barro�rer a�knovvledges tha��he cost of the uxsurance�overage�o abtained might sigrii�cantly exceed �he cost of insurance that B�rrower could ha�e�btain�d.An�r amvunts disbursed i��L�nder under this 5��ian 5 shall became additianal de1�t of Barrower s��ured b�this Securify Instrument. These amounts shall bear i�r��rest at the No�e ra�e frvm the date of disbur5ement and shall be payabie, with such interes�, upon noti�e from Lender to Borrvwer reques�ng pa�ment. All insurance policies required b�Lender and renevva�s vf�uch policies shall he subject t�Lender's right to d�isappro�re such poli�ies, shall include a standard mvr�gage clause, and shall name Len�er as martgagee andlvr as an additionai lass payee. Lender sha11 ha�re the right tv hvld the pvli�ies and renevva� �erti�icates. If L�nder requires, Borr�wer shall pramptl�gi�e tv Lender all receipts af paud premiums and renewal natices. If Borr��rer��tains any farm af insuran�e coverage, nvt o#h��`�trise required by Lender, for damage to, vr d�struction of, �he Prnperty, such polic�shall include a standard mortgag�clause and shall name Lender as mortgagee andlvr as an addi#i�na�lass payee. In the e�ent flf lass, Borrov�er shall gi�e prampt nntice ta the insurance carr�er and Lender. Lender ma� make pravf of�oss if nnt made prvmptly i�y Borrovver. LJnless Lender and Borrower atheY-vvise agree in vvriting, any insurance praceeds, vvhether or n�t fhe underl�ing insurance�vas requir�d hy Lender, shall �e applied#a r�staration or repair of the Property, if th�restoratian❑r repair is economically feasible and Len�er's secur�ty is not lessened. Dura.ng such repair and restora�ian period, Lender shaii have�he right t�h�ld such insurance pra�eeds un#i1 Lender has had an oppartunity tv inspect such Prvpert�fo ensure the vvork has heen�ampieted ta Lender's satisfa�tian, prvvided tha�such inspec�ian shall be undertak�n pramptly. Lender may d�isburse pr�ceeds far the repairs and r�s�ora�ion i.n a sxngle pa�ment❑r in a series of pragress payments as the work�s campleted. Uniess an agreement is made in v�ri#ing or Applicable Law reqr.ures in�erest fo be paid on such insurance praceeds, Lender shall naf be r�quired to pay Bvrro�rer an�r interest ar earnings nn such prviceeds. Fees for public adjusters, or other thi,rd parties, retained by Snrrov�rer shall nvt be pa�d out of the insurance proceeds and shall i�e the sn�e al�ligatxnn❑f Borrawer. �f�he res�aration or repair xs nat economically feasible❑r L�nd�r's securit�wnuld l�e lessened, fhe insurance proceed5 shall be applied to th��ums secured by thi�Security Instrument, vvhether or nv�then due, vvi.th the excess, �f an�, paid�o Borrav�er, Su�h insuran�e prnceeds shall he applied in the arder pravided for in Section�. If Bvrrower abandans�h�Propert�, Lender ma��le, nega�iate and s��tl�any availa�le insurance cxaim and re�ated matters. �f Sarrower does not respand within 30 days f�a no�ice from L�nder that the insurance carrier has affered tv settle a claim, then Lender may n�gotiate and set�le the c�aim. The 3�-da� per�od vvill begin vvhen the notice is given. �n either event, ar if Lender acquires the Property under Sec�ion��ar a�her�rise, Barr�wer hereby assigns ta Lender �a} Barro�ver's rights to any�nsuran�e proceed�in an amount not fa exceed the amounts unpaid under the No�e or this Securi.t�r Inst.rumen�, and �b} an�o�her of Svrro►�er's rights �other than�he right tv any refund of unearned premiums paid b� 19366595� ��95152344 FHA❑eed of Trust W[th MERS-NE 913DI2�'i 4 Bankers 5ysterns'� VMP� VMP4N(N�}�']50fi].D❑ Walters Itlwver Financiai Servi�es Page 7 of 17