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200905993 floods, for which Lender requires insurance. This Insurance shall be maintained in the amounts (including deductible levels) and far the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Laan. The insuratce carder providing the insurance shall be chosen by Borrower subject to Lender'x right to disapprove Borrower's choice, which right shall not be exercised unreasonably. bender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a nne-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably Wight affect such determinaiian or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Enxergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Harrower. If Harrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type ar amount of coverage. Therefore, such coverage shall cover Lender, but might or ruight not protect Borrower, Borrower's equity in the Property, or 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 tha# the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have nbtaiaed. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate frazn the date of disbursement and shall be payable, with such interest, upon notice from Lender to Harrower requesting payment. All inxt~rance policies required by Lender and renewals of such policies shall be subject tv Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional lass payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall prampdy give to Lender all receipts of paid premiunxs and renewal notices. if Borrower obtains any form of insurance coverage, not otherwise required by Lender, far damage ta, or desWctian of, the 1'raperty, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of Loss, Borrower shall give prompt notice to the insurance cornier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Leader, shall be applied to restoration ar repair of the Froperty, if the restoration ar repair is economically feasible and Lender's security Is not lessened. During such repair and restorotlan period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Leader's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires Interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings an such proceeds. Fees for public adjusters, N~~.A,-SWgkFau~ly-_RimieA~adFreddleMaei]¢~OHMn~I"RTID~NtBarm30Z8 ]/ GCG G3o28-07' (09!01) (Pale ~ofl9)