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<br /> The Funds shall be held in an iastitution whose deposits aze inswed by a federal agency, instrumentality,or
<br /> entity(including Lender, if Lender is an institution whose deposits aze so iusured)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 chazge Borrower for holding and applying the Funds,annuaily 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 made in writing or
<br /> Applicable Law requires interest to be paid on the Funds,Lender shall not be required to pay Borrower any
<br /> interest or eamings on the Funds. Borrower and Lender can agree in writing, however,that interest shall be
<br /> paid on the Funds. Lender shall give to Bonower,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 Funds held in escrow, as defined under
<br /> RESPA,Lender shall notify Borrower as required by RESPA,and Borrower shall pay to Lender the amount
<br /> necessary to make up the shor[age 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 Bonower shall pay to Lender the amount necessary to make up the deCiciency in
<br /> accordance with RESPA, but in no more than 12 monthly payments.
<br /> Upon payment 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, assessments, charges, fiues, and impositions attributable to
<br /> the Property which can attain priority over this Secwity Instrument,leaseLold payments or ground rents on
<br /> the Property, 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 provided in Section 3.
<br /> Bonower shall promptly dischazge any lien which has priority over this Security Inshtunent unless
<br /> Borrower: (a)agrees in writing to the payment of t6e obligation secured by the lien in a manner acceptable
<br /> to Lender,but only so long as Boirower is performing sucb agreement; (b)contests the tien in good faith by,
<br /> or defends against enforcement of the 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 t6e 6older of the lien an agreement satisfactory to Lender subordinating the
<br /> lien 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 Securiry Instrument,Lender may give Borrower a notice identifying t6e lien.
<br /> Within 10 days of the date on which that notice is given,Borrower shall satisfy t6e lien or take one or more
<br /> of the actions set forth above in this Section 4.
<br /> I,ender may require Borrower to pay a one-time chazge for a real estate tax verification and/or reporting
<br /> service used by Lender in con�ection with this Loau.
<br /> 5. Property Insuranee.Borrower s6all keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire,hazards included within the term"extended wverage,"and aay other
<br /> hazards including,but not limited to, ear[hquakes and floods, for which Lender 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 the precediug sentences can change dwing the term of the Loan.
<br /> The inswance carrier providing the insurance shall be chosen by Borrower subject to Lender's rig6t to
<br /> disapprove Borrower's choice,which rig6t shall not be exercised unreasonabty. Lender may require
<br /> Borrower to pay, in conuection with this Loan, either: (a)a one-time charge for flood zone determination,
<br /> certification and tracking services;or(b)a one-time chazge for flood zone determination and certification
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