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� 2� 17�2457 reasonably might affect such determination or certifica�ian. Barrower shall also be responsible for the payment of any f�es impased by the Federal Emergency Management Agency in cannection wi�h the reWi�w of any flo�d zone determination resu�ting from an objection by Borrav►rer. If Borrawer fails to maintain any af the c��erages described abo�e, Lender may obtain insurance co�erage, at Lender's aption and�orrower's expense. Lender is under n❑ob�2gation to purchase any ' particular type ar amount af coverage. Therefore, suc�coWerage shaii cover Lender, but might vr might not protect Borrower, Borrower's equity in the Praperty, ar the contents af�the Prop�rty, agaxns�any ri$k, hazard or liabzlity and might pro�ide greater or �esser caverage than was previousl� in effect. Borrower acknowledges that the�ost of the insurance ca�erage so obtained might signif cantly exceed the cost of insurance that Borrower could haWe abtained. Any amounts disbur5ed by Lender under this S�ction 5 shaZl become additional debt af Borrovver secured by this 5ecurit�Instrument. These amaunts sha11 bear interest at the Note rate fram the date af disbursement and shati be payable, with such interest, upan natice from Lender�o Borrovver requesting payment. AlI insurance policies reauired by Lender and renewals of su�h policies sha�1 be subjec�ta Lender's right to disappra�e such p�Iicies, shai�include a standard mortgage clause, and shall name Lender as . mortgagee andlar as an addi�ianal loss payee. Lender shall have the righf t�hol d the policies and renewal certificates. If Lender requires, Borrower shall prornptly give to Lender all receipts of paid premiums��and ' rene�vai notices. If Borrower obtains any form of insurance coverage, no�o�herwise required by Lender, far damage to, or destruction of, the Pr�per�, such policy sha�i include a standard mortgage ciause and shall name Lender as mortgagee andlor as an additional Ioss payee. In the evenfi of�oss, Borrower sha�I gi�re prompt notice to the insurance carrier and Lender. Lender may make proof of�oss if not made promptl�b�Borro�►rer. Unless Lender and Borrower atherwise agree in writing, any insurance proceeds, vvhether or not the underlying insurance was required b�Lender, shali be applied to restoration ar repair of the Froperty, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall ha�e the right t�haid such insurance proceeds until Lender has had an apportunity to inspect such Property to ensure the work has been completed ta Lender's satisfacti�n, pro�ided that such inspecti�n shall be�ndertaken pramptly. Lender may disburse proceeds for the repairs and restorativn in a single pa�ment or in a series of pragress payments as�he work is completed. Unless an agreement is made tn wri�ing ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shaii nat be required to pay Borrower an}� in�erest ar earnings on such praceeds, Fees for public adjusters, or other third parties, retained b�Barrawer shal�not be paid out of the insuran�e proceeds and shall be the so�e obiigation of Borrower. If the restoratian or repair is not economically feasible or Lender's security would be Iessened, �he insurance praceeds shall be applied to the sums secured by this Security Instrument, whether or nvt then due, with the excess, if any, paid ta Barrower. Such insurance proceeds shali be � applied in the�arder proWided for in Section�. If Borrower abandons the Property, Lender may file, negotiate and settle any a�ailable insurance claim and re�ated matters. If Borrower does not respand within 3� days ta a notice from Lender that the . insurance carrier has affered to settle a c�aim, then Lender may negotiate and settle the claim. The 3�-day periad will begin when the natice is gi�en. In either event, or if Lender acquires the Proper�y under Sec�ion 22 or o�herwise, B�rrower hereby assigns to Lender�a�Borrower's rights to any insurance proceeds in an amount not to exceed the amaunts unpaid under the Note or this 5ecurity Instrument, and (b} any other of Borrower's rights (other than the right to any refund of unearned premiums paid by . - �34504286 �0�$779�� FHA Deed af Trust With MERS-NE 9130120'I4 Bankers 5ystemsT� VMP C� VMP4N(N�)(7 506j.00 • Wvlters Kluwer Financ�a[5ervi�e5 • Rage 7 of 17 .