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2� 1 ��5398 reasonably might affect such determination ar c�rtifica��on. Barrower sha11 also be respons�ble for the payment of any fees imposed by the Federal Ernergency Manag�ment Agency in Gonnection with�he re�ie�v af any flood zane determination resulting from an objection by Borrower. If Barrawer fails ta�na�ntain an�of the r��erages described above,Lenc�er may obta.in insurance co�erage, at Lender'�option and B�rrower's expen.se. Lender is under no obl�gat�on to purehase any particular type or amount af ca�erage. Therefore, such coverage sha11 cover Lender,bu�might ar might not protect Borrow�r, Borravver's equity in the Praperty,or the cantents of�he Prop�rty, against any risk,ha�ard or liability and might provide greater or lesser cov�rage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obta�ned might sign.ificantly exceed the cost of insurance that Borrawer could have obta.in�d. Any amounts disbursed by Lender under this Section S �hall become a.dd�tional debt of Barrower secured by this Security Instrument. These amour�ts sha11 bear interest at the Note rat� from the date of disbursement and shall be payable,vvi�h such interest, upQn notice from Lender to Borro�v�r requesting payment. All insurance policies required by Lender and renewals of such paticies shall be subject to Lender's r�ght to�lisapprov�such policies, �hall include a standard martgage clause,and sl�all name Lender as mortgagee andlar as an additionalloss payee. Lender shall have the right to hold the policies and renewa� certif cates. If Lender requ�res,Borrower shall promptly give to L�nder a��receipts of paid premiums and r�newa�notices. If Borro�er obtains any form of insurance cov�rage,not othervvise required by Lend�r, for damage to,or destruction of,the I'raperty, such policy sha11 include a standard mortgage clause and sha11 name Lender as mortgagee andlor as an additiona� �oss payee. In the event of loss,Borrower sha11 give prompt notice to the insurance carrier and Lender. L.ender may make proof af loss if not made promptly by Borrovver. Unless Lender and Borrovver otherwise agree in wr�ting,any insurance proceeds,whether or not the underlying insurance vvas required by Lender, sha11 be applied to restorati�n ar repa�r of the Pr�perty, if the re��oratian or repair is economical�y feas�ble and Lender's security is not lessened. I3uring such repair and restoration period, Lend�r shall have the right to hold such insuranGe proceeds until Lender has had an oppor�unity�o inspect such Property to ensure the work has been completed ta Lender's satisfaction,provided that such inspection shall be undertaken pramptly. Lend�r may disburse proceeds for the repairs and restoration in a sing�e payment or in a series of progress payments as the work i�completed.Unless an agreement is made in writing or App�ica�le Law requires interest to be paid an such insurance proceeds,Lender sha11 not be required to pay Borrawer any interest or earnings on such proceeds. Fees for public adjusters,or other third parties, r�tained b�Borravver sha11 not be paid out of the insurance proceeds and sha11 be the sale obligation af Borro�uer. If the restoration or repair is not econom�cally feasible or L�nder's security t�vould be �essened,the insurance proceeds sha11 be applied to the sums secured by this Secur�ty Instrumen�, �he�her or not then due,wi�h the excess, if any,paid ta Barrower. Such insurance proceeds sha11 be app�ied in the arder pro�ided for in Section 2. If Borrower abandons the Property,L�nder may fi�e, negot�ate and settl�any available rnsurance claim and related matters. If Borrovver does not respond within 3�days to a notice from Lender that�he in�urance carrier has offered to settl�a claim,then Lender may negotiate and sett�e�he claim. The 3�-day period wi11 begin when the notice is given. �n either e�ent,or if Lender acqui.res the Property under Sect�on 22 or other�v�se,$onower hereb�assigns to Lender�a}Barrawer's rights to a�.y insurance proce�ds in an amount not to exceed the amounts un.paid under the No�e or this 5ecurity Instrument,and (b}any other af Borrowe�''s right�(other than the right to ar�y refund of unearned premiums paid by FHA Deed of Trust With MERS-NE 9/30/2014 Bankers SystemsTN+ VMP D VMP4N[NE��154fi}_�4 Wolters Kfuwer Finan�iaf Services Page 7 vf 17 q�3359U431�3 ��33 41g 4717