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2� 17� 1289 reasonably might affect such determ�natian ar cer�ification.Borrower shal�also be responsib�e for the payment of any fees imposed by the Federal Emergency Management Agency in connection�vith the re�iew of any fload zane determination resulting from an obj ection by Borrower. If Borrower fails to maintain any of the co�erages described abo�e,Lender may obtain insurance coWerage,at Lender's option and Borrawer's expense.Lender is u�der no ob�igation to purchase any particular type or amouat of coverage,Therefore,such coWerage shali co�er Lender,but might or might not protect Borrower,Borrower's equity in�he Praperty,or the conte�ts of the Property,against any risk,hazard or liability and might pro�ide greater�r lesser co�erage than v�ras previously in effect. Barrower acknowledges that the cost of the insurance co�erage so obtained might significantly exceed the cost of iasurance that Borrower cou�d ha�e obtained.Aay amounts disbursed by Lender under this Section 5 sha�l became additional debt of Borrower secured by this Security Instrument.These amouats shall bear ia�erest at the I�1ote rate from the date of disbursement and shall be payable,with such interest, upon notice from Lender to Borrower requesting payment. Atl insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disappro�e such po�icies,shall inciude a standard martgage clause,and shali name Lender as mortgagee andlor as an additional loss payee.Lender sha11 ha�e the right to hold the policies and renewal certi�cates.If Lender requires,B�rro�ver sha11 promptly give to Lender aI!receipts af paid pr�miurns and renewai notices. if Borrower abtains any form of insurance co�erage,not other�rise required by Lender, far damage to,or destructioa of,the Froperty,such policy shall include a standard mortgage clause and shall name Lender as mortga$ee andlor as an additionalloss payee. In the e�ent of loss,Borro�ver shall gi�e prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly�y Borrower.Unless Lender and Borrower atherwise agree in writing,any insurance proceeds,�vhether or nat the under�ying insurance�vas required by Lender,sha�l be applied to restorat�on or repair of the Property,if the restoration or repair is economically feasible and Lender's security is not lessened.Durin$such repair and restoration p�r�od,Lender sha11 have the right to hold such insurance proceeds uatil Leader has had an opportunity ta inspect such Property to ensure the work has been campteted to Lender's satisfaction,provided that such inspection sha11 be undertaken promptly.Lender may disburse proce�ds for the repairs and restoration in a sing�e payment or in a series of progress payrneats as the work is completed.Unless an ag�reement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds,Lender shall not be required to pay Borrower any interest or earnings on such proceeds.Fees for public adjusters,or other third parties, retained by Borrower shail not be paid out of the insurance praceeds and shal�be the so�e obligation of Barrower.If the restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds sha11 be applied to the sums secured by this Securit}r Instrument, whether or n�t thea due,with the�xcess,if any,paid to Borrower. Such insurance proceeds shall be applied ia the order pra��ded for ia Section 2, If Borrower abandans the Praperty,Lender may file,negotiate and settle any available insurance claim and rela�ed ma�ters.If Borrower does not respond w��hin 3�days to a aotice from Lender that the insurance carrier has offered to settle a claim,then Lender may aegotiate and settle the claim.The 34•day period wilt begin when the notice is given.in either event,or if Lender acquires the Property under Section 22 or atherwise,Bonower h�reby assigns ta Lender�a}Borrower's rights to any insurance praceeds in an amaunt aot to exceed the amounts unpaid under th�Nate or this Security Inst,rument,and �b}any other of Barrov�er's rtghts(other than the ri$ht to an�refund of uneamed premiums paid by FHA Qeed of Trust With INERS-M!E 9�3412414 8anker�5yatemaTM VMP� VMP4N�NE)�9545).40 Wdters Klvwer Fir�ncisl Servioes q 3 � � 1 PaQe T of 17