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��14�3357
<br /> "cavenant and agreementi" �s used i�n.Sec��on 9. If�orrower is obligated�o pay Es�row Items direc�ly, pursuan.t�o
<br /> a wa�ver,and Borrower fails to pay the amoun�due for an Escrow�te�n, Lender may exerc�se�ts rxgh�s under Sec�.on
<br /> 9 a.nd pay such amount and Barrower sha.11�.hen be obliga.ted um.der Sec�ion��o repay�o Le�.der ax�.y such amoun.t.
<br /> Lender may re�oke the waiver as�o a�.y or a�1 Escro�v Items a�an�r ti.me by a notice give�.�.n accorda.nce�v�th Section
<br /> - I S and, upon such re�ocation, Borro�ver sha��pay�o Lender a�l Funds, and in.such amou�.ts, �ha�are then requi.red
<br /> under this Secti�on 3.
<br /> Lender may,at axxy time, collect a�.d hold Funds in an amaunti�a}suff'icient to permi�Lender to apply�he Funds
<br /> at�he�ime spec�f ed urider RESPA, and�b}not xo exceed�he ma�im.um amoun�a�ender can require under RESPA.
<br /> Lender sha�.i es�imate�.ie amoun�of Funds c�ue on the baszs of curren�data and reasonable es�imates of expenditures
<br /> of future Escrow Items ar o�herv�.se i.n.a�ct�rdanee�vi�h App�icable La�r.
<br /> Th� Fu.nds shal�be hel�.in an itnstx�ut�on whose depasits are insured by a federa�ageney, ins�ru.rnentali�, or
<br /> entity (in.c�uding Lender, �f Lender i�an ins�.tutxon whose dep�si�s are so �nsured} or in any Federa�Home Loa�.
<br /> Bax�k. Lender shal�app�y�he Fun.ds�o pay the Escro�r Ixems na�a�er�han xhe i:ime specified ut�der RESPA. Lender
<br /> shall not�harge Borrower for holdin.g and applying the Funds, annua��y analyzing�h.e escrow accaun�, ar�er�fy�ng
<br /> �he Escrow I�ems, un�ess Lender pa�rs Borro�ver in�erest a�.the Funds an.d Applicab�e Law permi�s Lender�o ma�e
<br /> such a charge. Unless a.n agreemen�is made in.v�r'�ting ar�.ppl�cable Law requires interes��o be pa�d on the Funds,
<br /> Lender shall not be required�o pay Borrawer any interes�or earn�.�.gs on the Funds, Borrawer and I�ender can agree
<br /> in wrxtii.ng, hov�ever, �ha� Yn�erest sha11 be paid an�ie Fur�d.s. Lender shaxl give to Borra�ver, wi�hout charge, an
<br /> aa�nua.l accaun�i.�ag af tb.e Fu�.ds as requ�.red by RESPA.
<br /> If�here xs a surpius af Funds held in escrov�, as defined under RESPA, Lender sha�x accoun�ra Borrower for
<br /> �.e excess fux�.ds�n aecordance with RESP.A,. If�here is a shortage of Fu.�.ds held an escrow,as�.efined u�der RESPA,
<br /> Lender shall�.ot�fy Borro�ver as required by RESPA, and B�rra�nrer sha�.l pay to Lender the amoun�necessary�o make
<br /> up �he shortage in accordan.ce wi�h RESPA, bu�in no m�r�tihan 12 manrhly paymen�s. If there is a defic�ency of
<br /> Fun.ds held in escrow,as def�ned un.der RESPA, Lender sha1�x�o�ify Borrower as required by RESFA, and Barro�ver
<br /> sha�l pay to Lender the amoun�necessary tio make up the def ciency in accara�ance�ith RESP,A, bu�in no rnore than
<br /> 12 mon�hl.y payments.
<br /> Upon pa�men�in full of a�i s�ums secured by this Se�uri�ty Ins�rume�.�, Lender sha1�promptly refur�d to Borra�rer
<br /> an�Funds he�d by Lender.
<br /> 4. Charges;I�xens. Borrower shali pa�a���axes,assessments, charges,fines, a,nd impos���ons attr�buta.bie to
<br /> the Prv�er�y which can atta.in.pr�ority over thi.s Security Ins�rumen�, �easehold paymenxs or graund re�.ts on �he
<br /> Propert�, if axa.y, a.nd�ommun.xt�Associax�on Dues, Fees, a.nd Assessmen�s, if an.y. To �he �xten��ha�these items
<br /> a,re Escrow I�ems, Borrower shall pay�.e�n in the naaar�a.er pro�xded in Sect�an 3.
<br /> Borra�v�rer shall promptly discharge any iien which ha�prxor��y o�rer th�is Securit�Instrume��un.�ess Borrov�rer:
<br /> �a}agrees iri vc�riting tv�he pa�ment of�he obligat�o�.secured by xhe�ien in a manner accep�a.ble to Lender,bu�anly
<br /> so long as Borro�er �s perform�ng such agreeme�.�; �b} can�es�s the lie�a ��. gao�i faath by, or defends again,st
<br /> enforceme�.t of the lien in�, legal proceedi.n.gs which in L.e�.derT s apinion opera�e to pre�ent the enfarcement of the lien
<br /> whi�e those proceeding�are pendu�.g, bu�o�y unt�l such proceedi.x�.gs are conc�uded; or(c�secuares fram�he ha�der
<br /> of the �ien an agreementi sa.�isfac�ory �a Lender subordina�ing the �x en to thi s Secur��r Ins�rumen�. If Lender
<br /> determ�.nes that any par�of�he Property is subjec�to a��en wh.ich ca.n.attaua.priority o�er this Security Ins�rument,
<br /> Lender may give Barrower a notxce identifying �h.e lien. 'L�L�x�h�ua. 1 Q days of the date on w�uch�that not�ce�s given,
<br /> Barr�wer sha11 sat�sfy�he lien or take one or more of�he act�o�as set forth abo�e u�.this Sectiion 4.
<br /> Lender rnay require Barrav�er�o pa�a one--�ime charge for a real es�a.�e tax�er�f ca�ion an.dlor reporti.ng ser�xce
<br /> used by Lender�n connec�ion wi�h�h.xs Loan.
<br /> 5. Property Insurance. Borr��v�rer sha].� �eep the impro�ernen�s no�r existin.g or hereaf�er erected on tb.e
<br /> Property in.sured against loss by f re, hazards inciuded withi��h��erm "exte�.ded coverag�," and a�y other hazazd�
<br /> includua.g, buti no�Iim�.i�ed to, earthquakes and fl�ods, far which Lender requires insurax�.ce. This insura.nce shall be
<br /> ma�n�ained ir� �he amaunts (i.r�.cluding deductible le�re�s} a�d for �1a.e periods tha� Lender requires. �Vha� Lender
<br /> requires pursuant�o�he preced�g sente�.ces caa�.change during the term of the Loata... The insurance carr�er prov�dxng
<br /> �he insurance shal�be chasen by Borrav�rer subj ect to Lender's right ta disapprove Borrower's cha�ce,which right sha�.�
<br /> CVEBRAS�{A�ingle Family--Fannie MaelFreddi� Mac UNIFDRM INSTRUMENT- MERS p�����
<br /> Form 3D28 �i f D 1 Page v of 15 ww►w.daemagic.�vrrr
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