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.. ��15��1 _ . r ground rents and insurance premium5, �h� �aw permits Lender to make such a which wili�e cal�ed the E�crow Items. charge. Lender may require Mortgagor Lender will use existing assessment5 and or �rantor ta pay a one-tim�charge,far biils and reas�nable estimat�s of future an uldependent reai estate tax reporting assessm�nts and hills. Th� amounts that ser�ice used by L�nder in accardanc� Mortgagor ar Grantor pays to Lender with the Secured Debts, unless for Escr�w �tems und�r this sectian wi11 applicable�aw provid�s other�vi�e. b� ca�led the Funds. Lender v��l�co�lect L.ender wii�not be requ�red to pay and hold FundS in an amaunt not to Mortgagor ar �rantor any 1n.terest or exceed the maximum amoun�a lender earnings on the Funds unl�ss either for a federa�ly r�Iated mortgage loan �1} Lend�r and Mortgagor or Grantor may require for Mortgagor or �rantor's agree 1n writing, at�the time Mortgagor es�row account und�r the federal R�aI or Grantor slgned th�s Securxty . Estate Settlement Procedures Act of Instrument, that Lender w�il pay 1n�erest 1974�as amend�d}, unle�s anoth�r�aw on the Fund�; or �11}the 1aw requires that a lies to the Funds sets a �esser Lender to pay int�rest nn th� Funds. pp amount. If so, Lender wi�l collect and �f the Funds held by Lender ex�eed the hold Funds in the lesser amount. am�unts permitted to be he�d by Lender w��kee the Funds in a sa�in s applicable law, Lender will account to • • •� • • • g borrow�r f�r the excess FundS in or bank�ng inst�tution which has its de sits or accounts insured or accordan.ce with the requirements of p° applicab�e iaw. �f the amaunt of the guaranteed by a federal or state agen.cy. �nd5 heZd b Lender at any �i.me is not If Lender is suCh an institution,Lender � a h�ld the Funds. Lender wili use the suffi�ient to pay the Escrow Items when m y due, Lender may n��fy borrower �n Funds to pay the Escrow Items. Lender vvritian and, �n such case, borrower wi�l will gi�� Mortgagor or Grantor, w�thout g' char e an annual accountir� of the p�Y ta Lend�r the amount necessary�a g � . g make up the sh�rtage ar deficiency. Funds. That accounting must show all g��W�r �ha�l make up the shartage or add�tions to and d�duc��n.s from th� deficienCy as Lender directs, subje�t�o Funds and �he reason for each the requiremen�s of applicable 1aw. deduction. If, by reason�f any default under this Lender may n�t charge Mortgagor or Security Instrument, Lender dec�are5 all Grantor for halding�r keeping the Secured Deb�s due and payahle, Lender Funds, for using the Funds t� pay may then apply any Funds against the Escrow Items, for analyzu�.g Martgagor Secured Debts. or �rantor's payments of FundS, or for r�cex�ing, �erifyi.ng and tataling When Mortgagor or Grantor has paid a11 a5ses5ments and bills. H�we�er, Len�er of the sums secured, L�nder will may charge Mnrtgagar or �rantor for pramptly refund tn Mortgagor or these services if Lender pays Mortgagor Grantor an.y Fun�S that are then be�iaag or �rantor interest an the Funds and if held�y Lender. Mortgage Rider VMPC7D1 R14Q1�.�Q Bankers Systems TM VMP C� MTG-R 111 D12U14 Wolters Kluwer Financial Ser�i�es Q 2Q1 1 Page 2 vf 3