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201504432 payrx�ents or ground rents on t12e Property, if any; (c) premiums fo� any and all insurance required by Lender under the Loan Documents; (d) mort�age insurance premiums, if any, or any surr�s payable to Lender in lieu of the payment of martgage insurance pzemiuxrxs in a.ccordance witb the T.,oan Dociamen.ts; a.�d (ej a�y coxnzx��nity a.ssc�ciatinn dues, f�es, and assessments that Lender requires #o be escrowed. These items are called `Escrow Items.' Borrower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph. Borrower shall pay Lender the Funds for Escro�� Itera�s unless Lender waives Barrowex's obligation to pay the Puz�ds for any oz- a�l Escz�otiv Itezr�s. Lender rnay waive Borrower's obligation to pay to Lender �'unds for ax�y oz- all Escrow Tterr�s at any time. Any such waiver may only be in writzng. �n the event of such waiver, Borrower shall pay dixectly, when and where payable, tkae amouz�ts due for any Escrow Items for which payment of Funds has been v�aived by Lender and, if Lender requires, shall fiin�ish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make s�ach paymer�ts and to provide r�ceipts shall for all purposes be deemed to be a covenant and agreement contained in ihe �.oan Documents, as the phrase `covenant and agreement' is used in #he Loan Documents. �f Sozxower is obligdled to pay Esc�o�� Ilems directly, pursuant to a waiver, and Borrower fails to pay the amount due for au Escrow Iteln, L.eiide�• niay exercise its rights under the Loan Documents and this Agreement and pay such amount and Borrov�rer shall then be obligated ta repay to Lenc�er any such amount. Lender may rcvokc thc waiver as to an�� or all Escrow Items at any tarr�e by a no�ice given in accordance with the Loar� Documents, and, upon such revocation, Borrower sl�all pay to Lender all Funds, and in such amounts,that are then required under this para�raph. The Flu�ds shall be held in a.ri institution whose deposi#s �re insurec� by a federal agency, instrumentality, or entity (including Lender, if Lender is an instit�ation whose deposits are so i�sured) or in any Federal Hame Loan Bank. Lender shall apply the F.unds to pay the Escrow Ttems no later than the time specified under RESPA_ Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow accaua�t, or �%erifying the Escrow Items, unless Lenc�er pays Borrower interest on the Funds and applicable law �ermits Lender to malce such a cha�ge. �Tnless an agreement is made in writing or applicable law requires interest to be paid on the Funds, Lender sha11 not be required to pay Borrower any interest or earnings on the Funds. Lender and Borrourer can agree in writing, however, that interest shall be paid on the Funds. Lender s�all provide Borror��er, without c�iarge, an annual accou�ting of the Funds as required by RESPA.If there is a surplus of Punds held in escrow, as defined under RESPA, Lender sha11 account to Borrower for the excess funds in accardance with 1�SYA. lf there is a shortage of�und�held in escrow, as defined�ander RESPA, Lender shall natify Borrower as required by RESPA, and Borrower shall pay ta Lender the amount necessazy�o make up the shoz�tage in accordane�with RESPA, but in no more than 12 nnoz�thly payrnents. If there is a deficiency of Funds held in escrow, as defined under RE5PA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay la Lender tl�e a�nount necessary to make up the deficiency in accorda�ice witl�RESPA, but in no more than 12 monthly payz�ents. Upon payment in full of all su�ns seclzrcd by the Loan Docu�ents, Lender sha1l proznptly zefund to Borror�rer any Funds heid by Lender. ER1C K MCCARVII,LE; � ��1� Initials LOAN MODIFICATTON AGI2EEMEIVT�Single Family—Fannie Mae Uniform Instrument For�n 3179 D61Q6(rev.01709)