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2� 17��2�5 rea�onably might affect such determination or certificatian. Borrower�hall also b�respvnsib�e far the payment of any fees imposed by the F�deral Emergency Manage�nent Agency in connection�vxth the XeUiew of an�flofld zo��deterr�ination resulting frvm an abj ection'by Borr�vver. �f Borrower fails to maintain any of�he co�erage�described aba�e,Lender may obtain insurance caverage,at Lender's optivn and Borrow�r's expen.se.Lender is under no obiigation to purchase any par�i�u�ar type or amaunt af c�verage.Therefore,such co�erage shail cover Lender,but might vr might not pro�ect Borr�wer, Borrower's equi�y in the Property,or the c�ntents Qf the praper�y,against any risk,ha2ard or liability and might pr�vide greater or l�sser�overage than was p�eviously in effect, Borrower acknow�edges that the cost of the insurance c��erage so obtained mi�ht signif�cantly exceed the cost of insuranGe that Borr�wer could ha�e obt.�.�ned.Any amaun�s dis�ursed by Lend�r under this S�ction S shal�beGome additional debt af Barrower secured�y this SeGurity Instrurrient.T�ese amounts sha�l bear inter�st at the Note rate from the date of disburs�men�and shali be payab�e,�rith�uch interest, upon not�ee from�ender to Borra�ver r��uesting paymen�. Ail insurance policies required by Lender and renevvals of�uch pol��ies shall be subject ta�end�r's r�ght to disapprov�such polici�s,sha�l include a standard mortgage clause,and shatl name Lender as mor�gagee an�lor as an ad�itional loss payee. Lender shal�have the right ta hold th�palicies and renewal certificates. If Lender requires,Borrower�ha1i promptly give�o Lender ail rece�pts of paid premiums and rene�a�na�ices. If Borr�wer vbt�.�ns any form af insurauce caverage,not o�herwise requued by Lender, far damage to,�r d�stru�tion�f,the Property,suc�pol�cy�ha�l inciude a standard mortgage clause and shall name Lender as martgagee andfar as an add�tiana��ass payee. in�he�vent vf loss,��rtow�r sha��gi��promp�notice to#.he�nsurance carrier and Len�.er.Lender may make praof t�f loss if not rr�ad�prom�t�y�y Borrower.�Jnless i..ender and Borrower otherwise agree in writ�ng,any insurance�arviceeds,�hether or not the underlying insuran�e was re�uxred by Lender, sha1l b�app�ied ta restoratian or repair�f th�Praperty, if the�e��r�tion or r�pair is ecanonaically f�asible and Le�d.er's securi�is not lessened. Durir�g such repair and re�tarati�n pera�c�,Lender sha11 have the right to h�ld such insurance proceeds until Lender has had an opp�r�unity to inspect such proper�y to er�sure th��rk has b��camp�eted to i�end�r's satisfaction,provided that such inspection sha�1 be undertaken �rom�tly.Le�der n�ay d�sb�rse proceeds for the r�pair�and restoration in a sing�e payment or in a series af prQgress payn�ents as the w�rl�i�comp�et�d.Un�es�an agreement is made in wri�ing or Applicable La�r�equires inter�st to be paid on such insuranc�proceeds,Lender shall nat be re�uired to pay Bt�rrower�.ny interest ar earning�on�u�h pro�eeds.F�es for public adjustersa ar�ther third parties, retain�d by�arrawer shall n�t be paid ou�of the insurance proceeds and s�atl be the so�e abligation of Bonower,If the re�toration or repair is not econami�ally feasib�e or Lend�r's security�vauld b� Iessened,the insuran�e proceeds shall be appli�d to th�sums seeured by thiS�ecurity Ins�trument, �vhether 4r not then due,wit��he ex�:ess, if any,paid to Borrawer. �uch insuran�e proceeds�ha�l be appiied in the ar�er pr�vided for in Section�. �f Barrvwer abandons�he Property,L��.der m.ay fit�,n�gotiate and set�le a�y av��ab�e insuran��laim and related matters. If Borro�ver does not respond t�rithin 3U days ta a notice from Lender that the insurance carrie�r has offered ta settle a�ia�m,then Lender may negot�ate and se�tle the claim.The 34-da}� , p�riad wi�I begin when the not�ce i�given. In e�th��event,ar if Lend.er acquires the Propert�under Section 2�or ath�rwise,�orrower h�r��y assigns to Lender�a�$orro�rer's rights to an�insurance proce�ds in an amount not to exce�d th�amounts u�paid under th��te or this Security Ir��trumen�,an� �b}any ather of Borr�wer's rights�other than the right ta a�.y refu�d of unearned�remiums paid by FHA Deed af Trust Wiih MERS-NE 913D1��4 Bankers Systems� VMP C� VIIAP4NtNE�(15a6).QQ Walters FCfuwer Fir�ancia!Senrtces � Page 7 of 17 qa336 435Q o�3 � � o a.7