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• ' 201202544 Mortgagor or Grantor will pay those verifying and totaling assessments and bills. amounts to Lender unless Lender tells However, Lender may charge Mortgagor or Mortgagor or Grantor, in writing, that Grantor for these services if Lender pays Mortgagor or Grantor does not have to do Mortgagor or Grantor interest on the Funds so, or unless the law requires otherwise. and if the law permits Lender to make such a Mortgagor or Grantor will make those charge. Lender may require Mortgagor or payments at the times required by Lender. Grantor to pay a one-time charge for an independent real estate tax reporting service Lender will estimate from time to time used by Lender in accordance with the Mortgagor or Grantor's yearly taxes, Secured Debts, unless applicable law assessments, leasehold payments or ground provides otherwise. Lender will not be rents and insurance premiums, which will be required to pay Mortgagor or Grantor any called the Escrow Items. Lender will use interest or earnings on the Funds unless existing assessments and bills and reasonable either(i) Lender and Mortgagor or Grantor estimates of future assessments and bills, The writ'agree in amounts that Mortgagor or Grantor pays to g writing, at the time Mortgagor or Lender for Escrow Items under this section Grantor signed this Security Instrument, that will be called the Funds. Lender will collect Lender will eqy interest L Lender the pay interest e and hold Funds in an amount not to exceed (ii)the law requires Lender[o pay interest on the maximum amount a lender for a federally the Funds. related mortgage loan may require for If the Funds held by Lender exceed the Mortgagor or Grantor's escrow account amounts permitted to be held by applicable under the federal Real Estate Settlement law, Lender will account to borrower for the Procedures Act of 1974(as amended), unless excess Funds in accordance with the another law that applies to the Funds sets a requirements of applicable law. If the amount lesser amount. If so, Lender will collect and of the funds held by Lender at any time is hold Funds in the lesser amount. not sufficient to pay the Escrow Items when Lender will keep the Funds in a savings or due, Lender may notify borrower in writing, banking institution which has its deposits or and, in such case, borrower will pay to accounts insured or guaranteed by a federal Lender the amount necessary to make up the or state agency. If Lender is such an shortage or deficiency. Borrower shall make institution, Lender may hold the Funds. up the shortage or deficiency as Lender Lender will use the Funds to pay the Escrow directs, subject to the requirements of Items. Lender will give Mortgagor or applicable law. Grantor, without charge, an annual accounting of the Funds. That accounting If, by reason of any default under this must show all additions to and deductions Security Instrument, Lender declares all from the Funds and the reason for each Secured Debts due and payable, Lender may deduction. then apply any Funds against the Secured Debts. Lender may not charge Mortgagor or Grantor for holding or keeping the Funds, When Mortgagor or Grantor has paid all of for using the Funds to pay Escrow Items, the sums secured, Lender will promptly for analyzing Mortgagor or Grantor's refund to Mortgagor or Grantor any Funds payments of Funds, or for receiving, that are then being held by Lender. Mortgoge Rider 11SB-MTG P 3125/2010 VMP Bankers SystemsTM Wolters Kluwer Financial Services 0 2009 Page 2 of 3