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2oiioo�o� flnods, for which Lender requixes insuxance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What I.ender requires pursuant ta 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 righC to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this I.oan, either: (a) a one-time charge for flood zone determination, certification and tracicing services; or (b) a one-time charge far flood zone determination and certification services and subsequent charges each time remappings or sirnilar changes occur which reasonably might affect such determination or certi�cation. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to rnaintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. I.ender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover L.ender, buc 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 I.ender under this Section 5 shall become additional debt of Borrower secured by this Security Tnstrument. These amounts shall bear interest at the Nate 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 shall name Lender as mnrtgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower sha11 pramptly give to Lender all receipts af paid premiums and renewal notices. If Borrower obtains any farm of insurance coverage, not otherwise required by I,ender, for damage to, or destruction of, the Pxoperty, such policy shall include a standard mortgage clause and shall name L.ender as mortgagee and/or as an additional loss payee. In the event of loss, Barrower shall give prompt notice to the insurance carrier and I.ender. L.ender may make proof of loss if not rnade promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether ar not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically 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 to ensure the wark has been completed to Lender's satisfaction, provided that such inspection sha�l be undertaken promptly. Lender 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 on such insurance proceeds, Lender shall not be required to pay Borrower any interest or ear:nings on such proceeds. �ees fnr public adjusters, �B�S� -- Single Family — Fannle MaelFreddie Mac UNIF'ORM INSTRUMENT Farm 3078 1/ � G GCC- G3028-07 (09/Ol) (Page 7 of 19) Initia :