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201208675
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentaliiy, or
<br /> entity (including Lender, if Lender is an instifution whose deposits are so insured) or in any Federat Home Loan
<br /> Bank. Lender shaIl apply the �unds to pay the Escrow Itezns no later tha�n: the tiune sgeci�ied under RESPA.
<br /> Lender shall not charge Borrower for holding and appiying the Funds, annually anaIyzing the eserow account, or
<br /> verifying the Escrow Ztems, unless Lender pays Borrower interest on the Funds and Applicable Law permits
<br /> Lender fo malce such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be
<br /> paid on the Funds, Lender shall not be reqiw�ed to pay Borrower any interest or sarnings on ttie Funds. Borrower
<br /> and I.ender c�.agree in writing,however, that interest shall be paid on the Ftmds. Lender shall give to Bonower,
<br /> without cBarge, an annual accounting oFthe Fimds as required by RESFA.
<br /> If ttiere is a surplus of Funds held in escrow, as det"ined under RESPA, Lender shall account to Borroct�er for the
<br /> excess fimds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br /> Lender sha12 notify Sorrower as reqitired by RESPA, and Borrower shall pay to Lender the amount necessary to
<br /> make up tUe shortage iu accordance wi#h RESPA, but in na more than 12 monthly payments. If there is a
<br /> deficiency of Funds held in escrow, as defined �mder RESPA, I.ender shall norify Borrower as requ3red by
<br /> RESl'A, and Borrot�ver shall pay to Lender the amount necessary to make up the deficiency in accordance with
<br /> RESPA, but in no more ttisn 12 monthly payments.
<br /> Upon payment in full of all sums secured by this Security Insuvment, Lender shall promptly refund to Borrower
<br /> any Fimds heId by Lender.
<br /> 4. Charges; Liens. Borrower shall pay all taa;es, assessments, charges, fines, and"unpositions atttibutable to fhe
<br /> Property which can attain priority over this Securify Instrumeni, leasehoId payments or ground rents on the
<br /> ProperCy, if any, and Cammzmity Association Dues, Fees, and Assessments, if any. To the e�ctent that these
<br /> items are Escrow Ttems,Borrower shalt pay them in the manner pmvided in Section 3.
<br /> Borro�t�er shall promptty disctzarge any lien which has priority over this Security Instrument unless Borrower:(a)
<br /> agrees 3n writing to the paymerit of ihe obligation secured by the lien in a manner acceptable to Lender,b�.rt only
<br /> so long as Borrower is performing such agreement; (b) contests the Iien in good faith by, or defends against
<br /> enforcement of the lien in,iegal proceedings which in Lender`s opinioa oparate to prevent the enforcement of the
<br /> lien while those proeeedings aze pending, but only until snch proceedings aze coneiuded; or(c)secures fromthe
<br /> hoider of the lien an agreement satisfactory ta Lender subordinaring the 2ien to ttiis Security Iustrument. If
<br /> Lender determines that any part of the Property is subject to a lien which can attain priority over this Seeurity
<br /> Tnest„mPnt, I.ender may give Bormwer a notice idernifying the lien_�thin 20 days of the date on which that
<br /> notice is given,Bonower shail sausfy the lien or take one or more of the actions set forth above in this Section 4.
<br /> Lender may reguire Borrower to pay a one-time ct7arge for a reai estate ta�c verification and/or reporring sarvice
<br /> used by Lender in connection wiih this Loan.
<br /> S. ProperEy Insuranee_ Borrower shall keep the improvements nour e�cisting or hereafter erecYed on the Properts�
<br /> incured agaizzst loss by fire,�hazards included urithin the term "e�ctended covezage," and any other hazazds
<br /> inctuding, but not limited to,earthguaices azzd floods, for which Lender requires insurance. T7us insurance shall
<br /> be ma;nra;n���e amounts (including deductible levels)and for the periods that Lender requires. What Lender
<br /> requires p�ssrz�t to the greceding sentences can ahange during the term of ffie Loan. The insurance carrier
<br /> providing the ins�iranee shall be chosen by Borrower subject to Leuder's right to disapp�rove Borrower's choice,
<br /> wiuch. rigt�t shaIi not be exereisecl unreasonably. Lender may reguire Borrower to pay, in connection with this
<br /> Loan, either: (a}a one-time charge for flood zone dete**n�nAr�on, certihcation and tiraeldn� services; or(6)a one-
<br /> time et�arge for flood zone dete*m�naiion and certificatian services and subsequent charges each tima
<br /> remappings or similar changes occur which reasonably might aff'ect such determinafion or certification.Borrower
<br /> shall aiso be responsible for the gayment of any fees ixnposed by the Federal F.mergency Management Agency
<br /> in connection with the retRew of any flood zone deterruirta.tion resulting from an objection by Borrower.
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