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2 410U8997 floods, for which I,ender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that I.ender requires. What Lender requires pursuant to the preceding sentences can change during the term af the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasanably. Lender may require Borrower ta pay, in cnnnection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for fload zone determination and certification 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 payrnent of any fees imposed by the Federal Ernergency Management Agency in connection with the review of any flood zone determination resulting frorn an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lendex's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage sha11 cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or Che contents of the Prop�rty, 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 Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall b�ax interest at the Note rate fram the date of disbursement and shall be payable, with such intexest, upan notice from Lender to Borrower requesting payment. All insurance policies required by I.ender and renewals of such policies sha11 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, Borrower shall pramptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not atherwise required by L,ender, for damage ta, or destruction of, the Prnperty, such policy shall include a standard rnortgage 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 carrier and Lender. Lender may make proof of loss if nat rnade prornptly by Borrower. Unless Lender and Borrowex 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 Property, if the restoration or repair is econamically feasible and I.ender's sccurity is not lessened. During such repair and restoration 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 Lender's satisfaction, provided that such inspectian shall be undertaken promptly. I.ender 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 an such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, �B�S� -- Single Family — FBnnie MaelPY�eddie Mac [INIFORM INSTRUMENT Form 3028 /01 GCC- G3028-07 (09/Ol) (Page 7 of 19) Infitials: