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<br /> The Funds shall be held in an institution whose deposits aze insured by a federal agency, instrumentality,or
<br /> entity(including Lender, if Lender is an institution whose deposits aze so insured)or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
<br /> RESPA. Lender shall not chuge 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 malce such a charge. Uuless an agreement is made in writing or
<br /> Applicable Law requires iuterest to be paid on the Fuuds,Lender shall not be required to pay Borzower any
<br /> interest or eamings on the Funds. Borrower and Lender can agree in writiug,however,that iuterest shall be
<br /> paid on t6e Funds. Lender shall give to Borrower,without charge,an annual accounting of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow,as defined under RESPA,Lender shall account to Boaower For
<br /> the excess funds in accordance with RESPA. If there is a shortage of Fuuds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RESPA,and Borrower shall pay to Leuder the amount
<br /> necessary to make up the shortage in accordance with RESPA,but in no more than 12 monthly payments. If
<br /> there is a deficiency of Funds held in escrow,as defined under RESPA, Lender shall notify Borrower as
<br /> required by RESPA,and Borrower shall pay to Lender the amount necessary to make up the deFiciency in
<br /> accordance with RESPA, but in no more than 12 monthly payments.
<br /> Upon paymeut in full of all sums secured by this Security Instrument, Lender shall promptly refund to
<br /> Borrower any Funds held by Lender.
<br /> 4. Charges;Liens.Borrower shall pay all taxes, assessmeuts, charges, fines, and impositions attributable to
<br /> the Property which can attain priority over this Security Iustrument, leasehold payments or ground reuts on
<br /> the Property, if any, and Community Association Dues, Fees, and Assessmeuts, if any. To the extent that
<br /> these items aze Escrow Items, Boaower shall pay them in the manner provided in Section 3.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br /> Borrower: (a)a�ees in writing to the payment of the obligation secured by the lien in a manner acceptable
<br /> ro Lender,but only so long as Borrower is performing such agreement; (b)contests the lien in good faith by,
<br /> or defends against enforcement oFthe lien in, legal proceedings which in Lender's opinion operate to prevent
<br /> the enforcement of the lien while those proceedings aze pending,but only until such proceedings are
<br /> concluded; or(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the
<br /> lieu to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which
<br /> can attain prioriry over this Security Instrument, Lender may give Borrower a notice identifying the lien.
<br /> Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more
<br /> of the actions set forth above in this Section 4.
<br /> Lender may require Borrower to pay a one-time chazge for a real estate tax verification and/or reporting
<br /> service used by Lender in connection with this Loan.
<br /> 5. Propettylnsurance.Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured agaiast loss by£ve, hazazds included within the term"extended coverage,"and any other
<br /> hazazds iucluding,but not limited to, earthquakes and floods, for which Leuder requires insurance. This
<br /> insurance shall be maintained in the amounts(including deductible levels)and for the periods that Lender
<br /> requires. What Lender requires pursuant to t6e preceding sentences can change during the term of the Loan.
<br /> The iosurance carrier providing the insurance shall be chosen by Borrower subject to Leuder's right to
<br /> disapprove Borrower's choice,which right shall not be exercised unreasonably. Lender may require
<br /> Borrower to pay, in connection with t6is Loan, either: (a)a one-time charge for flood zone determination,
<br /> certification and tracking services;or(b)a one-time charge for flood zone determination and certificatiou
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