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2� 17� 17�9 rea�onably might affect such determinatic�n c�r�;erti�xcation. Borro�ver shall also be responsibte f�r the paymen�of any fees imposed by the Federal Emergency Management Agency in connectiar�with the re�iew of any flo�d zone determination resulting from an objection by Borro�er. �f Borro�er fa��s to mai�tain any of th�caverageS d�scribed abaWe,L�nder may obtain�nsurance coverage,at Lender's opt�4n and F3orra�rer's expense. Lend�r is under no ab�igation to purchase an� particular type ar amount of co�era�e. Therefare, such ca�era�e shall co�er Lender,but might or mi�ht not protect Borrower,B�rrower`s cauity in the Property,or the cantcr�ts of thc Pr�pert�,against an� r�sk,hazard or liabiiity and might proUide great�r or lesser co�erage than w�s previously�n effect. Bor�rower acknowledges that the�ost af t'he insurance co�erage so obtained m�ght s�igni ficantly exceed�he cost of insura�ce that Borrower could ha��obtained. Any amoun�s disbursed by Lender under this Sectian 5 shall�a�come additional de�at�f Borrot�cr secured by this Security Instrument. Thesc amoun�s shal�bear interest at the Note rate from the dat�af d�sbursement and shail be payabte,with such int�res�, upan notice from Lender to Borrourer requestin�paymer►t. All insurance policies required�y Lender and rene�vais of such po�icies sha�l be subject to�,end�r's right fo disappro�e such palicieS,shall include a stan�iard mortgage clau�e,and shali narne Lender as mortgagee andlor as an additional loss payee.Lender sha1�ha�e the right to ha�d the polic�es and renevc�al eertifica�es. If Lender requires,Borra�er$ha��pramptl�give t��ender a�l recei�t�of paid premiums and rene�.�ai�o��ce�. �f Barrower�btains any form of insurance coverage,not atherv��e required by Lend�r, for damage to,ar destruction of,the Proper�y,such poiicy shaIl inc�ude a standard mortgage c�ause and shal�name Lender as mortgagee andlor as an a�ditional loss payee. �.n the e�ent of lass,F3orroVver shall gi�e prompt noti�e to the insurance carr�er and Ler�der. Ler�der may make praof of toss if no�made pramptiy by Borrower. Untess Lender and Borrower oth�rw�se agree in wr�tin�,any insurance proceeds,whether or not the unc�erlyin�insurance was required by Lender,�hall be app�red�a restoratran or repair of the Proper�y, if the r�st�ration ar repair is economically feasib�e and Lender's seeur�ty is not l�ss�r�ed. Duri�g such repair and restoration periad,Lerider shal�ha�e the right to ho�d such insurance proe�eds untii Lender has had an oppartun�ty to inspect s�ch Proper�y to ensure the vvork has b�en�ampl�ted ta Lender's satisfaction,proWided that such inspeGtion shal�be undertaken pxomp�l�.Lender rnay disburse proce�ds for the repairs and re��oration in a single payment ar in a series of pro�ress payments as the�vork is completed.Unless an agreement is made�n��riting or Applicab�e La�r�yuires�nterest to be paid on such in�uranc�proceeds,Lender�ha�l nat be�equired to pay Borrower any interest or earnings on such proceeds.�Fees for publ�c adjus�er�,ar�ther third parties, retain�d by B�rro�er shall not�e paid out of the insuran�e proceeds and sha11�e the s��e abliga��on of B�rrovrer.If the restoration or repair is not econornica�ly feasible or Lender's securYty wauld be le��ned,the i�.surance proe�eds shall be app�ied to the sums secured by�hi�Sec�Xrity Instrument� whether or not then due,with the excess, xf any,paid to F3orro�ver. 5uch insurance proceeds shai!�e app�ied i�the arder prov�ded far in Sect�o�2. If�orro�er abandons th�Praperty,Lender may file,negat�ate and s�ttl�any avai�able insuran�e c�aim and related matters. If Borrower does nat respond within�i�days to a notice from Lender that the insurance carri�r has offered to sett�e a c�aim,then Lende�m��n�gotiate and settle t�e clairn.The 34-day perrod t�rilt begin when the notice xs g��en.In e�ther event,or if Lender ac�u�res the Property under S�ction 22 ar other�t�ise,Borrower her�by assigns to Lender(a}Borrn�er'�rights to any�nsuranc�e p�oceeds in an amount not to exceed the amaun��unpaid under the Note or thi�5ecurity Instrument,and (b)any o�her of Barrower`s rights(other than the right to any refund af unearned premiums paid b� FHA aeed of Trust With MERS-NE 9f30f2014 Bankers 5ystemsT� VMP� VMP4N(NE}{15�5}.4Q Wnl#ers Kluwer Finar+cial Ser�i�e� Page 7 of 97 qD337�419893 4233 �31 �717