��15�4547
<br /> The Funds shall be held in an institution tuhvse deposits are insu�red by a federal agency,instrumentalit�r,or
<br /> entity�including Lender, if Lender is an institution whase d�pos�ts are so insured}or in any Federal Home
<br /> Loan Bank. Lender shal�app�y the Funds to pay the Eseraw�tems no�ater than th�time specified u.nder
<br /> RESPA,Lender shal�not�harge B�rra�rer for halding and applying the Funds,annually anal�zing the
<br /> escrow account,or�erifying the Escrow Items,un�ess Lender pays��rrawer interest an th�Funds and
<br /> App�icable Law perrnits Lender to make 5uch a charge, Unless an agreement is made in writing or
<br /> Applxcable Law requires interest to be paid on the Fu�ds,Lend�r sha��not be ret�uired�o pay Borrower any
<br /> interest or earnings on�he Fun�S. Bor�-ower and Lender can agree in writin�,however,that inter�st sha��be
<br /> paid an the Funds.Lender shall give to Borrou�er,without charge,an annual accounting af t�ie Fun�is as
<br /> required by RE SPA.
<br /> If there is a surp�us of Funds he�d in escrow,as e�efine�l under RESPA,Lender sha�1 accaunt to Borr�wer for
<br /> the excess funds in accordance with 1�ESPA. If there is a shortage of Funds held in e�craw,a�d�fin�d under
<br /> RESPA,Lender shall notify Bo�-�rower as required by R�SPA,and Borrower sha11 pay to Lender the amount
<br /> nece�Sary ta make up the shortage in accordance�rith R�SPA,but in no more than 12 manth�y pay�nents.�f
<br /> there is a deficxency af Funds he�d i�escra�v,as defined under RESPA,Lender shall natify F3orro�rer as
<br /> r�quired by RESPA,and Borr�wer sha11 pay to Lender the amount necessar�ta make up the defici�ncy in
<br /> ac�ordan�e v�rith R.ESPA,but in no m�re than 12 monthl�payments.
<br /> LJpon payment in fu11�f a�l sums secured by thrs 5ecurit�Instrument,Lender sha�1 prornptly refund to
<br /> Borrow�r any Funds hetd by Lender.
<br /> 4. �harges;Liens.Barro�ver shall pay a�l taxe�, assessments, �harges, fines, and impasitr�ns attributable�o
<br /> �he Property which can attain priority over this 5ecurity Instrumen�,leasehold payrn�nts or ground rents on
<br /> the Propert�r, if any,and Gommunity Association Dues,Fees,and.A.sseSsments, if any. To the extent tha�
<br /> these items are Escrow Items,Borrower shall pay them in the manner pr�vided in�ection 3,
<br /> Borro�er shall prorn�tly discharg�any lien�vhich has pri�rit�o�er this�ec�rity Instrur�en�u�l�ss
<br /> Borrower: �a)agrees in tivriting to the payment of the obligation secured by thc lien in a manner acceptabie
<br /> to Lend�r,but�nly�o�ong as Borrower is�erforming such agr�ement;��}��ntests the 1i�n in good faith by�,
<br /> or defends against enforcement af the lien in, legal prcrceedings which in Lender's op�nion op�rate to prevcnt
<br /> the enforcement of the lien tivhil�t�ho�e proceedings are pending,but only until such prQceedings are
<br /> concluded;or(c}secures from the ho�der of the lien an agreernent sat�sfactory to Lender subordinating the
<br /> �ien to thxs Security Instru�ment,If Lender determin�s that any part of the Property is sub�j ect to a li�n which
<br /> can at�ain pri�rity o�er this Security Instru�meiit,Leizder may gi�e Borro�ver a nQtice identifying the 1ien.
<br /> Wit�iin 1�days of the date an which that notiee is given, Barro�er shall satisfy the lien or take one or more
<br /> af the actions�et far�h above in this�ection�.
<br /> Lender may require Barro�ver to pay a one-time charge for a real estate tax verificati�n and�ar reporting
<br /> service u�ed�b}�Le�.d�r in cor�n�ction with this Loan.
<br /> 5. Prvperty I nsurance.Barrowe�-�hal�keep the �mprovements now ex�sting�r hereafter erect�d on�he
<br /> Property insured against loss by fire,hazards included within the term"extended co�rerage,"and any other
<br /> ha�ard5 including,but not lrmited�o,earthquakes an�i floo�ls, far whi�h L�nder rea�uires insuranGe,Thrs
<br /> insurance shall be ma�ntained in the amounts�including deductrble leve�s}and for�he periads that Lender
<br /> re�uires. 'VVhat Lend�r reuuires pur�uant to the pre�eding senten�es��.n cha�nge during�h�te�m of the Lo�.n.
<br /> The insuranee carrier pro�iding the insurance shal�be chosen by Borrower subj ect to Lender's righ�to
<br /> disapprove Borr�wer's choi��,�vhich right s�ial�not be exercised unrea�onably. Lender ma�requue
<br /> Borrower to pay, in connection with this Loan, e�ther; �a}a one-time charge for#lood�one determinatian,
<br /> �ertificatian�and tracking ser�ice5;or�b}a one-time c�arge for�aod zflne determit�ation and certification
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