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��15�115�
<br /> The Funds shall be held in an ins�itution wh�se deposits ar�insured by a federal agency, instrumentality,�r
<br /> en�.i�r�including I..ent�er,�f i,en�ier is an institution whose c�epasits are so insured�)vr in any�ederal�Iarne
<br /> �an$ank. Lend�r shall ap�Iy the Funds t�o gay the Escro�Items no tater than the time spec�f ed under
<br /> RE�PA. L�nder shali not charge�3�rro�ver for ho�ding and applying the Funds,annua�ly analyzing the
<br /> escr��v ac�ount,or�erif��ng the Escrow I�ms,u.nless i.ender pa�s$orrower interest on the Fun�s and
<br /> Applicab�e Law perm��s Lender to make such a charge.Un�ess an agre�rnent i�made in tivr�ting or
<br /> Applicabl�Lavv r�quires interest t�o be paid on the Funds,Lend�r sha��not be required to pay F3�rrou�er any
<br /> interest or earnings on the Fu�ds. �orrower and Lender can agree in�vriting,however,that inter�st shat�be
<br /> �aid on the Func�s. L�nder sh��t give to Barrower,�v�tbout charge,an an�ual ac��unting of the Funds as
<br /> requued by RESPA.
<br /> If there is a�urp�us�f Funds held in.e�crow,as defined under RESPA,Lend�r shall accvunt to Borrov�er for
<br /> the excess funds�n accordance�ith RESPA. If there�s a shor�age of Funds held in escrow,as def ned under
<br /> RESPA,Lender shall noti�r Borrov�er as required�y RESPA,and B�rrawer sha��pay to Len�der the amount
<br /> ne�essary to make up th�sh�r�.ge in accordance with T�E SPA,�ut in no more than�2 monthly pa�me��s. If
<br /> there is a deficiency of Funds he�d in escrow,as defined under F�ESPA,Lender shall notify$�rrQvver as
<br /> required by RESPA,and Borrower shall pa�to Lender th�amount necessa�y�o make up the deficien�y in
<br /> accordance with RE SPA,but in no more than I 2 month�y payments,
<br /> �Jpon payment in fu11 of a�l sums secured by this S�cur�ty Instrum�nt�Lender shall prompti�refund to
<br /> Barrower any�unds held by Lender.
<br /> 4, Ch�t��es;L�ens.�r�ro�aver sh���pay a11 t�xes, ass�ssment�,c�arg�s, fi��s, and imp�sitions a�'�butable t�
<br /> the Property whi�h can.attain priority ov�r this S�curi.ty Instrument, leasehold payments or ground ren�s on
<br /> the Pr�perty, if any,and�ommunity Assa�iation]Jue�,Fee�,and Assessments, if any. Ta the extent that
<br /> these�tems are Escro��terns,Borr�wer shali pay them in t�he manner provided in Section 3.
<br /> Borrower�ha11 promptly discharge any lien which has prior�ty over this S�curity�nstrun�ent un�ess
<br /> Borro�v�r: (a�ag��es in writing t�the paym�n��f the obl�gation sec�red�y the 1i�n in a mann�r acce�ta�le
<br /> �o Lender,but only so long as��rrower is performing such agreement; (b}cantests the l�en in good faith by,
<br /> or defends against enforcement of the lien in, 1ega�proceed�ngs whi�h in Leader's opinion operate�o prevent
<br /> �t�e e�farcement�f the lie�w�i��e thase�ro�eet�ings are pending,�ut on�.y un�il.s�ch pro�eedings are
<br /> cancluded;or�c)�ecures from the holder�f the lien an a�reement sat�sfactory to Lencier subo�'d�nating the
<br /> l�en to this Security�nstrument. If Lender determiaes that any pa.�t af the Property is subj ect to a�ien�hich
<br /> �an attain priority over this�ecurity�nstrumen�,�,ender may give�orro�er a notice identifying the l�en.
<br /> 'VL�ithin 1�day�of the date an which that natiGe is given,Borro�ver sha11 satisfy the lien or�ake ane�r more
<br /> of the actions set forth abave�n this Section 4.
<br /> Lender may require Borrower to pay a ane-t�me charge for a real estate�ax verifica�ion andlor repor�ing
<br /> service used by Lend�r in cannection with this Loan.
<br /> 5. Property Insurar�ee.Borrower sha11 keep th��mprovements now existing or hereaf�er erected an the
<br /> Property insur�d�.gainst�oss by fir�,hazards�ncluded within the t�rm"extended cov�rage,"aad any�ther
<br /> hazards i�n�.c�uding,but not Iimi��d to,earthquakes and floods,for�vh�ch Lender requires insurance,This
<br /> insuran�e shall be maintained in the amount�(i.nc�u�ing deductible le�els}and far the period�that Len.der
<br /> requires. �hat L.ender requ�.res pursuant to the preceding sent�nces can change during the term of the Loan,
<br /> The�nsuranGe carri�r�ro�riding the i�.s�nce s�ha.���e c�osen by�or�ov��r su�b,j�c�t�o Lender's righ�t�
<br /> disapprove B�rrower's chaic�,which r�ght sha��nat be ex�rcised unreas�onab�y. Lender may requue
<br /> �orrower to pay, in connection v��th this Laan,either: (a}a�ne-time charge for flood zone determination,
<br /> certi�'icat�on.and tra�cking services;or�b}a on�-tim�charge far fl�od zone determinatio�.and�ertif�catian
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