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2� 17�2��3 <br /> reasonably might affect such det�rminatian or certificatian.Borrower�ha11 al�o be respon�ible for t�e <br /> payment of any fees imposed by the Federal Emergenc�Management Agency in con�.ect�on with the <br /> r�view of any�lood zone determination result�ng from an obj ection by Borrower. <br /> If Borrov�er fails t4 mainta.in any Qf th�coverages d�scribed�bov�,Lender m�.y obta�n insurance <br /> coverage,at Lender's aption and Bon•ower's expense.I,render is un�er no obligation t�purchase any <br /> partxcular type Qr amount af coverage.Therefore,such coverage shall ca�er Lender,but mi�ht ar migh� <br /> not protect Barrawer, Borrawer's equity in the Praperty,or the cantents of the Property,against any <br /> risk,ha.�ard ar liabi�ity�nd might provide greater or le�ser coverage than wa�previou�ly ia effec�. <br /> Barrower acl�nowledges that the cast of t�e insurance coverage so obta.ined might significant�y exceed th� <br /> cost of insurance that Borro�t�ver could have obtained.Any amounts disbursed by Lender under this <br /> Section 5 shatl become additiana�debt of Borrawer secured by this Security�nstrument. Th�se amounts <br /> sha�l bear inter�st at the I�ote rate from the[�a�e of di5bursemen�and sha�l b�payable,wi�h such interest, <br /> upon natice from Lender to Borro�ver request�ng payrnent, <br /> A��insurance�olicies required by Lender and ren�wals of such policies shalt be�ub,�e�t t�Lender's r�ght <br /> to disappro�e such policies,shall include a�tandard mortgage clause,and shall nam�Lender as <br /> mortgagee andlor as an additiona�Ioss pay�e.Lender sha�l have the right to hold the polic�es and ren�wal <br /> certifi�ates. If Lender requires,Bflrrawer sh.all pramptly give tv L�nder all receipts of paid�remiums and <br /> r�newal notices. If Borrower obtains any form of insurance co�erage,not otherwise required by Lender, <br /> for damage ta,or destruction of,the Property,such policy sha1�inc�ude a sta.ndard mortgage c�ause and <br /> shal�nam�Lender as mortgagee andl�r as an additional loss payee. <br /> In the event of 1oss,Borro�ver sha11 give prompt nQtice to the insurance can'ier and Lender. Lender may <br /> mal�e proof af Iass if nat made pramp�ly by B�rrower.Unless Lender and BorrQ�uer otherwise agree in <br /> writing,any insurance proceeds,whether or nat the underlying insu.rance was required by Lender, s�all <br /> be applied�o restoration or repair of the Property, if the restoration or repair is economicaliy feasible and <br /> Lender's security is nat lessened. During�uch repair and restoratian period,Ifend�r sha11 ha�e the righ� <br /> to hold such insuranGe praceeds unti�Lender has had an opportunity to inspect such Property to ensure <br /> the work has b�en completed to Lender's sat�sfaction,�rov�ded that such insp�ction shall be u�dertaken <br /> promptly. Lender may disburse proceeds for the repai.rs and restoration in a singie payment or in a seri�s <br /> of progress payments as the work is campleted.Unless an agreeme�t is made in writi�ng or Applicable <br /> Law r�qu�res interes�to be paid an such insurance proeeeds,Lender shall not be required to pay <br /> Borrower any interest or earniags on such proceeds.Fees for public ad�usters,or other third par�ies, <br /> retained by Borrower shall not be paid out of the insurance pra�eet�s and shall b�the sol�obligation of <br /> Borrower, If the restoration or repair is not economica�ly feas�b�e or�.ender's security would be <br /> lessened,the insura�ce proceeds sha11 be applied to�he sutns secured by this Security Instru.ment, <br /> whether or not then due,with the exGess, if aay,paid to Borrower. Such�nsurance proceed5 sha1l be <br /> applied in the order pro�ided for in Section 2, <br /> If Borrov�e��.band�ns th��raperty,Ler�der may file,�egotiate and se�t�e any available insurance claim <br /> and related matters, If Borrower does not respond within 3�days to a no�ice from Lender that the <br /> insurance carrier has offered to s��tle a claim,then Lender may negotiate an�settte the c�aim,The 30-day <br /> pe�iod v�i1t begin when the notic�is giv�n.In either event,or if Le�dex ac�uires the i�ro�ae�ty�.nde�r <br /> Section 22 or otherwise,�arro�er hereby assigns to Lender(a}$orrower's rights to any in�urance <br /> proceeds in an amount not t�exceed the amflunts unpaid under the Note or this Security Instrument,an�I <br /> tb}any ot�ier af Borrawer's fights�other than the right t�an�refund of unearned pr�m�ums paid l�y <br /> FHA❑eed o#Trust With MERS-NE 913�12414 <br /> Bankefs 5ysternsTM VMP� VMPdN�NE}(1548).Q4 <br /> W�lters 1{�uwe�F inancial5ervices Page T of 1? <br /> q�337�9�947� 0233 43� �717 <br />