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<br />waive Borrower' s obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may
<br />only be in writing. In the event of such waiver, Bonower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, sha11
<br />furnish to Lender receipts evidencing such payment within such time period as Lender may require. Bortower' s
<br />obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and
<br />agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If
<br />Bonower is obligated to pay Escrow Items directly, pursua.nt to a waiver, and Bonower fails to pay the amount due
<br />for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be
<br />obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow
<br />Items at any time by a norice given in accordance with Section 14 and, upon such revocation, Borrower shall pay to
<br />Lender all Funds, and in such amounts, that aze then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds
<br />at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA.
<br />Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br />of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institurion whose deposits are insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institurion whose deposits are so insured) or in any Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br />shall not chazge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays Bonower interest on the Funds and Applicable Law permits Lender to make
<br />such a chazge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Bonower and Lender can agree
<br />in writing, however, that interest shall be paid on the Funds. Lender sha11 give to Borrower, without chazge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of
<br />Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Bonower
<br />shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Bonower
<br />any Funds held by Lender.
<br />4. Charg�; Liens. Bonower shall pay all taxes, assessments, chazges, fines, and impositions ariributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br />Property, if any, and Community P►ssociation Dues, Fees, and Assessments, if any. To the extent that these items
<br />aze Escrow Items, Bonower shall pay them in the manner provided in Secrion 3.
<br />Bortower shall promptly discharge any lien which has priority over this Security Instrument unless Bortower:
<br />(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only
<br />so long as Bonower is performing such agreement; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings wluch in Lender' s opinion operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />determines that any part of the Property is subject to a lien which can attain priority over tlus Securiry Instrument,
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date on wluch that notice is given,
<br />Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br />Lender may require Bonower to pay a one-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
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<br />MODIFlm FOR DEPARTMENT OF VETERANS AFFAIRS - MERS www,docmagic. com
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