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2� 1 ��4�37 rea�o�.�.b��might affect such determinatit�n ar certificativn, �orrower shall also be respansible for the payment of any fees impased�y the Federal Em�rgency Mana�ement Agency in connec�ion�vith th� review of any flaod zone determinat�on resulting from an objection by B�rrower. If Borrower fails�o maintain any of the caverages d�s�ribe�l above,Lender�ay abtain in.st�.r�.n.ce caverage,at Lender's option and B�rta�er's expense. Lend�r is under no obligation to purchase any parti�ular type or amount af co�e�ra�e.Therefore,such�o�erage sha11 cover Lender,but mi��.�or n��ght nat protect Borrower,Borrower's e�uity in the Prop�rty,or the can.tents of the Property,against any ris�,ha�ard or liahility�.nd might provide greater or 1ess�r c�verage than was previou�ly�n eFfect. Borrower acknowledges that the cost of�he insurance co�erage so vbta�ne�.might sign�ficantly exceed the cos�af in.surance t�.at Barrotiver coul�i have obtained.Any amounts dxsbursed by Lender under this Section 5 sha11 become additional debt of Borrower secured by�h�s Security Instrumen�, These amounts shall bear interest at t�e Note ra�e from t�.e date of disbursement and sha�i be payabl�,with such�nterest, upon notice fram Lender to Borra�ver requesting payment. A11 insurance pv�icies required by Lender�nd rene�vals of such policies sha11 be subj ect to Lender's r�ght to disappro�e such policies,sha11 inc�ude a standard tnortgag�c�a�use,and shall nam�Lender as mortga�ee andlar as an additianalloss payee. I.e�der sha11 have the right to hold the policie�and renewal certificates.If Lender requires,Borrower sha11 prompt�}�give tQ�.ender a11 receipts of paid premiums and r�Ll�Wa�natiCeS. If Barro�er obta.ins any f�rm of insurance co��rage,not otherwise required by L�nder, fvr c�amage to,or destruGtion of,the property, suc�.policy shal�include a standard mortgag�clause an� sha11 name Lender as mor�gagee andlor as an additionalloss payee. In the event of loss,Borrower shai�give prompt notice�o the insurance�arrier and Lender. Lender may make praof af�a�s if not matie promptly by B�rro�ver.T,Tnless Lender and Borro�er�th�rv�r�se agre�in writing,any insurance proceeds,�rhether or not the under�ying ir�surance�vas required by Lender, sha11 �be app�ied ta�e�toration or repair of the Property, if th�rest�ration or repair is economicat�y feas�ble and Lender's security is not le�sened. �3ur�ng such repair and restora�ion period,Lender sha�l have the right to hald such insuran�e prac�eds until Len.der has had an opportunity to inspect such Property to ensure the vvork has been c�mplet�d to Lender's satisfaction,pro�ided�hat�uch inspection shalt be undertaken promptly.Lender may�is�urse proceecis for the r�pairs and restaration in a single payment or�n�.seri�s af progr�ss payrnents as the work is completed.Unless an agre�ment is made in writing or Applicable Law re�uires interest to be paid on such insurance proceeds,Len�i�r shai�not be required to pa� ��rro�rer any interest ar earnings on�uch proceeds.Fees for public adjusters,or other third parties, reta.ined by Borrower sha��no��e paid ou�of the insurance proceeds and shall be the sole ob��gation of Borrawer. If the restoration Qr repair is not econo�nica�ly feas�b�e or Lender's security'would be lessened,the xnsurance proceeds sha1l be apptied to the sums secured by this Security Instrument, whether or no�then due,with the excess, if any,paid to Borrower. Such insurance proceeds sh�.11 be applied in the arder�rovided for�n Sect�vn�. If Borrower abandons the Proper�yA Lender may�'ile,n.ega�ia�e and set��e any available insurance claim a�d re�a�ed mat�ers.If Bono�ver does not respond within 3�days to a notic�frorn Lend�r th�t the insurance carrier has affered t�set�l�a claim,then Lender may n�gotia�e and settle the claim. The 3D-day p�riod w��1 begin vvhen the natice is gi�en. In either event,or if Lender acquires�h�Praperty under Section 22 or otherwi�e,Borrawer hereb�assigns to Len.der�a}Borrovver's rights to any insuranc� proGeeds in an amount not to exceed the amounts unpaid under the N�te or this Secu.rity Instrument,and �b)any other of Borro�ver's rights�other than the right to any refund of uneamed premiums paid by FHA Deed vf Trust With MERS-NE 913�f2414 Bankers SystemsTM VMP C� VMP4N(N�J�150fi}.4U WaPters Kf�,rwer Financiaf Services Page 7 a#t� qD335�7�4��7 p23� 589 Q717