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201303297 The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds. annually analyzing the escrow account,or verifying the Escrow Items. unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds. Lender shall not be required to pay Borrower any interest or earnings on the Funds fiotrower and Lender can agree in writing. however. that interest shall be paid on the Funds. Lender shall give to Borrower, without charge. an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined tinder RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA. and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA. but in no more torn t2 monthly payments. If Mere is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA,but in no more than 12 monthly payments. Upon payment in lull of all sums secured by this Security Instrument. Lender hall promptly refund to Bonuwer any Funds held by Lender. 4. Charges;Liens.Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any. and Community Association Dues, Fees,and Assessments, if any. To the extent that these items are Escrow Items. Bonower shall pay them to the manner provided in Section Borrower shall promptly discharge any lien which has priority over this Sermity Instrument unless Borrower: (a) agrees in venting to the payment of the obligation secured by die lien in a manner acceptable to Lender,but only so long as Borrower is performing such agreement: (b) contests the lien in good faith by. or defends against enforcement of the lieu in. legal proceedings which in Lender's opinion operate to prekent the enforcement of the lien while those proceedings are pending. but only until such proceedings arc concluded: or fc) secures trout the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument, If Lender determines that any part ot`the Property is subject to a lien which can attain priority over this Security Instruneur, Lender may give Borrower a notice identifying the hen Within 10 days of the date on which that notice is given, Borrower shall satisfy the hen or take one w more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-rune charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance.Borrower shall keep the improvements now existing or hereafter erected on the Property insured against Loss by fire, hazards included within the term"extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the anwunis(including deductible levels)and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not he exercised unreasonably. Lender utay require Borrower to pay, in connection wirh this Loan. either: (a) a one-time charge for flood zone determination. certification and tracking services: or(b)a one-time charge for flood zone determination and certification NSHRASIA-S15c°nmily-F.,nn' M.aereddie Mac UNIFORM i\STRIJME NT WITH MESS �'" Firm 1028'KR VMP VMPI'uNENl 10`5,00 Wellea Mower F,renc,al Se v re, Page 0 rf,? 1111111IIIII II III II 11111111111111 l 111111 Ill 11 Ili q03314941622 0233 326 0617