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2� 17�287� reasanably might affect such determination or certification. Borrower shall aiso be respansible far the payment of any fees imposed by the Federai Emergency Management Agenc�in connection v►rith the re�iew of any flavd zvne deterrnination resulting from an objec#ion by Borrower. If Borrawer fails to maintain any of the ca�erages described ab��e, L�nder may vbtain insurance co�erage, at Lender's option and Borrower's expense. Lender is under no obliga�ion to purchase an� particular type ar amount of co�erage. Therefore, suc�co�erage shall co�er Lender, but might or might not pratec�Barra�v�r�r, B�rr��r��'s e�uity in th�Pr�per�y, or the c�nt�t�ts of th�Pra�erty, �gair�s�any risk, hazard or liabiiity and might pro�ide greater or lesser ca�erage than was pre�ious�y in effect. Borrawer acknowledges that the cost of the insurance co�erage so obtained rnight significanti��xceed�h� - cost of insurance that Borrawer cauld have obtained. Any amounts disbursed by Lender under this Section� shall hecome additional debt of Sorrower secured by�his Securiiy Instrument. These amounts shall bear interes�at the Nate rate from the date of disbursement and shall be payable, with such int�rest, upon notic�from Lender to Barr�wer reques�ing pa�men�. All insurance poiicies required by Lender and renevvals of su�h poiicies sha�l be subject to Lender's righ� to disapprave such p��icies, shalZ include a standard martgage clause, and shall name Lender as rnartgagee andlor as an additional loss payee. Lender shall ha�e the right to hold the policies and renewal certificates. If Lender requires, Barrower sha�l promptly gi�e ta Lender alI receip�s of paid premiums and renewai notices. If Barrower obtains any forrn af insurance cv�erage, not other�vise required by Lender, f�r damage to, or destruction of, the Property, such policy shall include a standard rnartgage clause and shati name Lender as mort�agee andlar as an additional loss payee. In the e�ent of loss, Borrower shall gi�e prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower atherwise agree in writing, any insurance praceeds, whether or not the underlying insurance was required b�Lender, shall be applied to restaration or repair of the Property, if the restoration or repair is ecanomzcally feasible and Lender's security is not lessened. During such repair and restoration periad, Lender shal� ha�e the right to hold such i�surance praceeds until Lend�r has had an opportunity to inspect such Property to ensure the work has been comp�eted to Lender's satisfaction, pro�ided tha�such inspection sha�I be undertak�n promptly. Lender ma}�disburse proceeds f�r the repairs and restoration in a single payment or in a series of progress payments as the work is compl�#ed. Unless an agreement is made in writing or Applicable Law requires interest to be paid an such insurance proceeds, Lender shati not be required to p�y Barrower any interest ar earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and sha11 be the sole ob�igation of Borrower. If the restoration or repair is not ecanom�cali�feasible or Lender's security would be lessened, the insurance pro�eeds shall be applied to the sums secured by this Security Ins�rument, whether or not then due, with the excess, if any, paid t�Borr�wer. Such insurance proceeds shall be ap�lied in the order pro�ided for in Sectian 2. If Borrawer abandons the Property, Lender may file, negotiate and settie any a�aiiabie insurance claim and related matters. If Borrower does not respand within 3� days to a nvtice from Lender that the insurance carri�r has affered to settle a claim, then Lender may negotiate and settle the ciaim. The 3Q-day period will begin when the natice is gi�en. In either eWent, or if Lender acquires the Proper�y under Section 22 or oth�r�vise, Borr�wer hereby assigns ta Lender�a�Borrower's rights to any insurance proce�ds in an amount not ta exceed�he amounts unpaid under the Note ar this Security Instrumenty and (b� any other of Barrower's rights �ather than the right�n any refund af unearned premiums paid by 236335174 � aQ98834250 FHA�eed aF Trust With M�RS-NE 9/30/207 4 Bankers SystemsT� VAIIP 0 VMP4N�NE](Z 506J.00 Wo[ters I(Iuwer Finar�cial Services Page 7 of 9 7