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2oiooso95 floods, for which Lender requires insurance. This insurance shall be maintained �n the arnounts (including deducdble levels) and for the periods that Lender 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 Bonower subject to Lender's right to disapprove Barrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a ane-tirne charge for flood zone determinadon, certification and tracking services; or (b) a ane-time charge for flood zone deteemination and certification services and subsequent charges each time remappings or similar changes occur which reasonably rnight affect such determination or certificatian. Borrower shall also be responsible fnr the payment of any fees irnposed by the Federal Emergency Management Agency in connection wikh the review of any flood zone determination resulting from an objection by Borrower. If Bonower fails to maintain any of the coverages described above, Lendee may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under na obligation to purchase any particular type or arnount af coverage. Therefore, such coverage shall cover Lender, but might or mlght not pratect Borrower, Borrower's equity in the Property, nr the contents of the Praperty, a�ainst any risk, hazard or liability and rnight provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might si�nificantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Secdan 5 shall become additional debt of Borrower secured by this Security Instrument. These arnounts shall bear interest at the Note rate fram the date of disbursement and shall be payable, with such interest, upon notice frorn Lender to Borrower requesting payxnent. All insurance policics required by Lender and renewals of such policies shall be subJect to Lender's right to disapprove such pol9cies, shall include a standard mortgage clause, and shall name Lender as martgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If �,ender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obta.ins any form of insurance coverage, not otherwise required by Lender, far darnage to, or destruction of, the Property, 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 nodce to the insurance carrier and Lender. Lender rnay rnake 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 insur�nce was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is econornically feasible and Lender's security is not lessened. During such repair and restoradon period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the wark has been completed to Lender's satisfactian, provided that such inspection shall be undertaken prornpdy. Lender may disburse proceeds for the repairs and restoration in a single payment nr in a series of progress payments as the work is completed. Unless an agreement is rnade in wrIting or Applicable Law requires interest to be paid on such insurance prnceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, N�$Rt��A — Single Family -- Fannle M�dltreddie Mao UNtFORM IN31'ItUMENT Farm 3028 1/Ol CiCC- Q3028-07 (09/Ol) (Page 7of19) Initials: