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2o�oosos2 floods, for which Lender requires insurance. This insuxance shall be rnaintained in the amounts (including deductible levels) and for the periods that L.ender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's chaice, which right shall not be exercised unreasonably. Lender 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 one-tirne charge for flood zone determination and certi�cation services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connectian with the review of any flood zone determination resulting from an objection by Bo�rrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at T.ender's option and Borrower's expense. Lender is under no obligation to purchase any particulaz type or arnount of coverage. lfierefore, such coverage shall cover Lender, but might or might 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 that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by �..ender under this Section S shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by I.ender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and sha11 name Lender as mortgagee and/or as an addicional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Bnrrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standazd mortgage clause and shall name Lender as mortgagee and/ar as an additional loss payee. In the event of loss, Borrower shall give proznpt natice to the insurance carrier 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 Lender, shall be applied to restoration or repair of the Froperty, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration peripd, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the �r+ork has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse praceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreernent is made in writing ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shall nat be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, �' ��1$�1 -- Single Family — Fannie Mae/Fteddk Mac UNIFpRM INSTRl7MENT Form GCC- G3028-07 (09lO1) (Page 7 of 19) Initials: