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20100852i floods, for which I,ender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What L,ender 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 I.ender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. I.ender may require Borrower to pay, in connection with this I.�an, either: (a) a one-time charge for flaod zane determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each tirne 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 connection with the review af any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender rnay obtain insurance coverage, at I.ender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount nf caverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, ar the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borcower acknawledges 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 Lender under this Sectian 5 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 ta Borrower requesting payment. All insurance policies required by L.ender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall 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 requires, Borrawer shall promptly give to Lender all receipts of paid premiurns and renewal notices. If Borrower obtains any form of insurance coverage, not atherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard rnortgage clause and shall name Lender as mortgagee and/or as an additional lass payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. I.ender may rnake proof of loss if not made pramptly by Borrower. Unless Lender and Borrower otherwise agree in vvriting, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restaration or repair of the Property, if the restoration or repair is econornically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right tv hold such insurance proceeds until I,ender has had an opportunity to inspect such Property to ensure the work has been cornpleted ta Lender's satisfaction, provided that such inspection shall be undertaken promptly. I,ender may disburse proceeds for the repairs and restoration in a single payment or in a series of pragress 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, L,ender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, �B�S� -- Single Family -- Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1!0 � GCC- G3028-07 (04101) (Page 7 of 19) Initials: ��,._„