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201208380 Mortgagor or Gtantor will pay ffiose verifying and rotaling assessments and bills. amoun[s to Lender unless Lender tells However, Lender atay charge Mor[gagor ur Mor[gagor or Grantor, in writing, Ihat Gra¢tor for these services if Lender pays Mortgagor or Grantor dces no[have ro do Mor[gagor or Granror in[etest on the Funds so, or unless the law requires othetwise. and if the lnw permits Lender[o meke such a Mortgagor or Grantor will make those charge. Lender may require Mortgagor or paymen[s a[ffie times required by I.ender. Grantor to pay a one-tuue charge for an independent real estate inx reporting service Lender will es[ima[e from time to[ime used by L,euder in accordance with the Mor[gagor or Gran[or's yearly taxes, Secured Deb[s, unless applicable law assessments, leasehold paymen[s 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 ou the Funds unless exis[ing assessments and bills and reasonable either(i) L,euder and Mortgagor or Grantor estimates of fu[ure assessments and bills. The agree in writing, a[the[ime Mortgagor or arnounts that Mortgagor or Grantor pays[o Grantur signed this Security las[nunent, that Lender For Escrow 1[ems under[his secnon L,ender will pay interest on the Funds; or will be called the Funds. Lender will collect (ii) the law requires Lender[o pay in[eres[on and hold Funds in an amount not to exceed [he Funds. the maxitnum amount a lender for a federally related mortgage loan may require for If the Funds held by Lender exceed the Mortgagor or Grantor's escrow aceoun[ amounts pernritted to be held by applicable unde�the fede[al Real Estate Settlemen[ law, Lender will accoun[ro borrower for the Procedures Ac[of 1974(as amendecl), unless excess Funds in accordance with the ano�her law tha[applies to[he Funds sets a reyuirements of applicable law. If the amoun[ lesser amount. If so, Lender will collec[and of[he funds held by Lender a[any time is hold Funds in[he lesser amount. nut sufficient to pay the Escrow Items when Lender will keep Ihe Funds ut a savings or due, Lender may notify borrower in wtiting, banking insti[utiou which has i[s deposits or and, in such case, borrower will pay to aceounts insured or guaranteed by a federal Lender the amount necessary to make up tl�e or state agency. If Lender is such an shoRage or deficiency. Borrower shall make instiN[ion, Lender may hold the Funds. up the shortage or deticiency as Lender Lender wIll use the Funds to pay llte Escrow directs, subjec[to the requirements of Ttems. Leuder will give Mortgagor or applicable law. Granror, wi[hout charge, an annual accounting of the Funds. That aceounting If, by reason oC auy default under [his must show all a�ditiavs ro and dcductions Securiry Instrument, Lender dectares all from the Funds and the reason for each Secuted Deb[s due and payable, Lender may deduccion. then apply any Funds agamst the Secured Debts. Lendet may not charge Mortgagor or Gran[or for holding or keeping�he Funds, When Mor[gagor or Granror has paid all of for usutg the Funds to pay Escrow Items, tl�e sums secured, Lender witl promptly for analyzing Mortgagor or Grantor's refund to Mortgagor or Grantor any Funds payments oF Funds, or for receiving, that are[hen being held by Lender. Mmt Be Pider USB�MTG-F 3iP5i2010 VMP�' eankers SysromsTM Page 2 of 3 WOHers Nluwer Flnanciel services 0 P009