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2� 1 ��7892 reasvnably might affect such determination or certificat�on. Borrower shalt alsa be responsible for the payment of any fees impased by the Federal Emergency Managemen�Agency in connectian with the review of any flood zone determination r�sulting from an obj ection by Barro�uer, If Borrower fails to mainta�n any of the coverages�i�scribed above,Lender may ob�a.in ir�surance coverage,at Lender's optian an�i Borrovver's expense. Lender is under no obligation tv purchase any particular type or amount of co�erage. Therefore, such co�erage shall co�er Lender,but migh�or might not protect Borrower,Barro�ver's equity in the Property,or the contents of the Property,agains�any risk, ha2ard or l�ability and might pro�ide gxeater or�esser c�verage than�vas previously in effect. Barrower acknowledges that the cost of the insurance cov�rage so obta.ined might significantly exceed the cost of insurance that Borro�ver could have obta.ined. Any amoun�s disbur�ed by Lender under this Section 5 shall become additiona�d�bt of Borrower secured by this Security Instrument. These amounts shall bear interest at the No�e rate from the date of disburs�ment and shal�be payable,w�th sueh interest, upon notice from Lender to Borrawer requesting payment. A11 insurance policies required by Lender and re�ewals of such policies sha11 be subject to Lend�r's right to disapprove�uch policies, sha��include a standard mortgage clau�e,a�d sha11 name Lender as mortgagee andlor as an additionalloss payee. L�nder shall ha�e the right to hold the policies an.d renewal certif�ca�es. If Lender requires,Borrower sb.a��promp�ly give to Lender a11 receipts of paid premiums and renewal notices. If�arrower obtains any form of insurance coverage,not otherwise required by Lend�r, far damage�o,or destruction of,the Property, such policy sha11 inc�ude a standard mort�age clause and sha11 name Lender as mortgagee andlor as an additional loss payee. In the event of loss,Borrower shall gi�e prompt notice to the insurance carrier and Len.der. L�nder may rnake proof of lass if not mad�prompt�y by Barrawer.Unless L�nder and�orrower otherwise agree in tivriting,any insurance proceeds,vvhether or not�he underlying insurance was required by Lender, sha11 be applied to restaration or repair of the Property, if the restoration or repair is ec�nomically feasible and Lender's security is not lessened. During such repair and restoration period,Lender sha11 ha�e the right to hold such insuranc�proceeds until Lender has had an opportunity to insp�ct such Property to ensure �he work has been completed to Lender's satis�faction,provided that such inspecti�n sha11 b�underta.ken promptly. Lender ma�disburse praceeds for the repairs and restoration in a single payment or in a series of pragress payments as�he work is completed.Unless an agreement xs made in writing or Applicab�e Law requires interest ta be paid on such insurance proceeds,Lender shall not be required to pay Borrower any interest or earriings on such proce�ds. Fees for public adjusters,or other�hird parties, retained by�orrower sha11 not be paid out of the insurance proceeds and sha11 be the sole ob��gation of Borrawer, If the restoration or repair is not econami�ally feasible or Lender's security�uould be �essened,�he�nsurance proceeds shall be apptied to the�ums secured by this Security Instrumen�, whether or nvt then due,with the excess, if an.y,paid tv Borrower. Such insurance proceeds shal�be appli�d in the order provided for in Section�. If Borrower abandons the Proper�y,L�nder may�le,negotiate and se�tle any ava�lable insurance claim and related matters. If Bonower does not respond within 3 Q�iays to a noti�e from Lender that the insurance carrier has offered to�ettl�a c�aim,then Lender may negotiate and settle�he c1a�m. The 3Q-day period wi11 begin when the notice is gi�en. In either event,or if Lender acqui.res th�Property under Section 22 or otherwise,Borrower hereby assigns to Lender(a}Borrower'�rights to any insuranGe �roceeds in an amount nat to exceed the amounts unpaid under�he Note or this Security Instrument,and �b�any other of Borra�uer's rights(oth�r than the right to any refund af unearn�d premiums paid by FHA Qeed of Trust With MERS-NE 9134f2414 Bankers SystemsT+�+ VMP� V!►IIP4hI�NE]('f5�6}.44 Wolters Kluwer Financial 5ervices Page 7 of 17 q�33512�4865 �233 443 �717