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5. Property Insurance_ Borrower shall kern the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the beam "extended COVerage,- and any other hlza -'ds inch;3i S, but not limited w, and foods_ Ln: :;tich Leader requires insin cr This rr��ancr shall fr rnai_r�ta�?I in d-r, amotmts (in.: tiding dedoctsnle l vc I and for the periods that Lender reuu:res- What Lender requires putst= w the pi =drag senteoces. tar► change during the term of the Loan- The insurance carrier prwiding the itisusawce shall 1_e- chosec by Borrow= subject to Lender's right to disapprove Borrower's choice, which tight shall not be exercised unreaWnably. Lender may require Borrower to pay, in cor icction with this Loan, richer. (a) a one-time charge for flood zone determination, certification and tracking; services: or (bl a one -time charge for flocd cone determination and certification services and subsequent charges each time remappings or similar changes oocur which r+easotstbly might affect such determination or ccnificaticn. ;'orro:vcr shall aico be firs oncible for the payment of any fees imposed by the Federal Lzricrgericy Managctr.64 Ag"acy in co..nectioa with the review of any flood zone dcterminatio., r stilt rig f-orn ar. objection by Borrower. if Borrower fans to maintain =y of the coverage3 &+ abed above, Leader may obtain insurance coverage. at Lcnde- s option and Rormmvices expen�,-. Linder is under no obligation to purchase any particular ttipc or amount of coverage. Therciore, such coverage shall cavcr Lender, but might or might not protect Borrower. Borrowers equity in ulic Property, o' the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Sorrowcr could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument_ These amounts ;hall bear interest at the Note rate from the date of disbursemcit and shall be payahie, with such interest, upon notice from Lender to Borrower reauesting payment. Ali insurance policies required by Lender and rcnewr.l; of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and :hall name Lender as mortgagee and or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender reauires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower oot --Lq anv farm of insurance coverage, not otherwise required by Lender, for damage to, or destruction of: the Property, such policy shall include a standard mortgage clause and shall name Lender 2s mortgagee and/or as ar. addichnaI loss payee. In the event of loss, Borrower shall give prompt notice to 't-- insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in .vriting. any insurance proceeds, whether or not the underlying insurance was required by t. ruder, shall be applied to restoratiou or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessen - During such repair and reswranen period, Lender shrill have the right to hold such in -urmce proceeds until Lender has had an opportunity to inspect such Property to ca une the work has been completed to Lender's satisfaction, provided that such inspection sha I be undertaken promptly. Lender may di_-�burse proceeds for the repairs and restoration in a single payment or m a series of progress payments as the work is completed. Unless an agrccincrit is mad: in writintor applicable Lai- requires interest to be paid on such insurance proceeds, Lender shell not be required to pay Borrower any, interest or earnings on such proceeds- Fees for pubiic adjusters, or u:lier third parties, retained by BotroWcr shall not be paid out of the insurance proceeds and shall he the sole obligation of Borrower- If the rn�storstion or repair is not c;onomically feasible or Lender's secnnry wo_ld be lessened, the insurance proceeds- shall tiq Wl-iq to the scans secured by this Security• Instrument, w'hethe'r or not then due, with the excess, if =v, paid to B&iower. 5nch insurance proceeds shall be applied in the order provideJ for in Section'_- Form 3029 1 -DI