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201�063�0
<br />The Fimds ahall be held in an inatitution whose deposits are msi�red by a federal agency, instirumentality, or
<br />entity (including Ler►der, if Lender is an institution whose deposits are so insure� ar in any Federal Home
<br />Lo� Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time sp�ified under
<br />RESPA. Lender sha11 not chazge Borrower for holding and applying the Funds, annually analyzing the
<br />escrow account, or verifying the Escrow Items, unless Lender pays Bonower interest on the Funds and
<br />Applicable Law permits Lender to make such a chazge. Unless an agreement is mada in writing or
<br />Applicable Law r�uires interest to be paid on the Funds, Lender shall not be required to pay Bonower any
<br />interest or earnings on the Funds. Boirower and Lender c�n agree in writing, however, that interest shall be
<br />paid on the Fwnds. Lender sha11 give to Borrower, without charge, an annual accounting of tha Funds as
<br />required by RESPA
<br />If there is a surplus of Funds held in esaow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess fimds in accordance with RESPA If there is a shortage of Funds held in escrow, as defined under
<br />RESPA, Lender sha11 notify Borrower as required by RESPA, and Borrower sha11 pay to Lender the amount
<br />n�essary to make up the shortage in acxordance with RESPA, but in no a�re than 12 �nthly payments. If
<br />there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br />re�uired by RESPA, and Borrower shall pay to Lender the a�unt necessary to make up the deficiency in
<br />accordance with RESPA, but in no �re tben 12 monthly payments.
<br />Upon payment in full of all swns secured by this Security instru�ent, Lender shall promptly refimd to
<br />Borrower any Funda held by Lender.
<br />4. Charg�; Liens. Borrower shall pay all taxe.s, assessments, charges, fines, and impositions attributable to
<br />the Property which c�n attain priority over this Sec�uity Instrimdent, leasehold payments or ground rents on
<br />the Properiy, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that
<br />these items aze Escrow Items, Borrower shall pay them in the manner provide� in Section 3.
<br />Borrower sha11 PromPt1Y discharge sny lien which has priority over tlus Security Instrument unless
<br />Borrower: (a) agre,es in writing to tha paymeat of the obligation sacure� by tha lien in a manner acceptabla
<br />to Lender, but only so long as Borrower is performing such agreement; (b) contests tha lien in good faith by,
<br />or defends against enforcement of the lien in, legal proceadings which in Lender' s opinion operata to pravent
<br />the enforcement of the lien while those prace�lings are pending, but only w�til such proceedings are
<br />concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the
<br />lien to this Security Inslrument. If Lender determines that any part of the Properly is subject to a lien wluch
<br />can attain priority over tlus Security Inslr�nt, Lender may give Borrower a notice identifying the lien.
<br />�thin 10 days of the date on wluch that notice is given, Boirower shall satisfy the lien or take one or �re
<br />of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a on�time charge for a re,al estate tax verification aad/or reporting
<br />service used by I.ender in connection with this Loan.
<br />5. Property Insurant�. Borrower shall k�p the improve�nts now existing or hereafter erected on the
<br />Properiy insured against loss by fire, hazazds included within the taim "extended coverage, �� and any other
<br />hazards including, but not limited to, earthquakes and floods, for wluch Lender requires insurance. This
<br />insurance ahall be maintained in the amounts (including deductt'ble levels) and for the geriods tvat Lender
<br />reqirires. What Lender requires pursuant to the preceding sentencas can changa during the tarm of the Loan.
<br />The insurance cazrier providing the insurance shall ba chosen by Bonower subje�t to Lender's right to
<br />disapprove Borrower's choice, which right shall not be exercised imreasonably. Lender may require
<br />Boaower to pay, in connection with t�is Loan, either: (a) a onertime cherge for fload zone determination,
<br />certification and tracking services; or (b) a on�time charge for flood z�ne determination and certific�tion
<br />2200278644
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