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� 201009513 floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the terrn of 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 unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a ane-time charge for flood zone determination, certificadan and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or sirnilar changes occur which reasonably might affect such determination or certification. Borrower shall also be respansible for the payment of any fees irnposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resniting from an objection by Barrower. If Borrower fails to maintain any af the coverages described above, Lender may obtain insurance coverage, at Lender's option and Barrower's expense. Lender is under no obligation to purchase any particular type or amount af coverage. Therefore, such caverage shall cover Lender, but might or might not protect Barrower, Borrower's equity in the Property, or the contents of the Property, against 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 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 amaunts 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 Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard rnartgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hald the policies and renewal certificates. If Lender requires, Barrower shall promptly give to Lender all receipts of paid prerniurns and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for darnage ta, 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 lass, Borrower shall give prornpt notice to the insurance carrier and Lender. Lender may rnake proof of loss if not made prornptly 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 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 to hold such insurance proceeds until Lender has had an opportunity to inspect such Property ta ensure the work has been cornpleted to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoraHon 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 tn be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, ��R.A►SK.'�ll -- Single Famlly •- Fannle MadPreddia Mac L1NIFORM 1NSTRUMENT Farm 3Q28 GCG (i3028-07 (09/Ol) (Page 7of19) Initial • �