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<br /> ��15�5�5�
<br /> provide rec�ip�s shail faz• all purpases be deemed �o be a cavenan� and ag�eemcn� contained in �h�� Secuiri�y
<br /> Instrument, as the �hrase "co�enan� and agreement" is used in �ec�xan 9. �f Lorrowe� is ab�iga�ed ta pay
<br /> Escr�vv Y�ems directly, pur5uant �a a vvaiv�r, and Barr�wer f'ails ta pay the amaunt due for an T'.scr�vv ��em,
<br /> Lender �nay e�ercise i�s rights under Sectton 9 anci pay such amoun� and Borrov�er sha�I �hen be abli�a�ed
<br /> under Sec�ion 9 �o �epay ta Lender any such amoun�. Lendez� may t evo�{e �h�waiver as �o any or all Escra��v
<br /> Items a� any�ime by a natice given in accordance v5ri�h Sec�ion 15 and, upon such rev��a�ian, Bo�xower 5ha11
<br /> pay�a Lender a��Funds, and in�uch amounts,tlaat are then required under this 5ection 3.
<br /> Lender may, at any�ime, callec�and ho�d Funds �n an arnoun� �a� suf�cient ta permit Lender to app�y�he
<br /> Funds a� �he time speczf�e�l u�.d�r RESPA, and �b} no� �o exceed �he ma�imum amount a lender can ��quire
<br /> under RESPA, Lex�de�` sha�l es��ma�e �he amflunti of Fund� due on �he �asis of Gurrent data and rea�anable
<br /> e�t�ma�es of�xpenditures of fu�ure Esc�ro�v I�ems or othe�wise�r�acco�dan�e wi�h App��Gable Lav�.
<br /> The Funds shall b�he�d in an in�ti�u�ion whose de�aosztis az�e ir�sured by a federai agency, ins�rumen�ality,
<br /> �r cn�i�y �including.Lendcr, if Lenc�er is an insti�u�ior� vt�hosc deposits are �o �nsu�red} ar i� any Tede�'al Home
<br /> Loan Ban��, Lender �ha�� apply the Funds ta pa� the Escro�v Z�ems na Iater than �he �ime s��ci�ed under
<br /> RESPA. Lender shal��ao�charge Bor�owe�r fa�ho�dzng and app�ying�he Funds, annually ana�yzing the escrow
<br /> account, or verifyxng �he Escxow Ztems, un�e�s Lendex pays Ba�rrawer interest an �he Funds and Applicable
<br /> Lav� permi�s Len�er to rna�e such -a cha�ge. L]nless an ag�reement is ma�e xn wri�ing o� Applicab�e La�v
<br /> rec�uzres xnter�st �a be pa�d an the Funds, Lender shali nc�� b� rec�uired to pay Bnrrc�wer a.t�y �nterest ar
<br /> ea�rn�ngs on �he Funds. Borrower and L�nder can agree in w�ri�ing, however, �ha� in�erest shall be pax� �n�he
<br /> Funds, Lender sha�� gz�ve �a Borrower, �wi�hou� charge, an annual accountii�g af�he Funds as r�quired b�
<br /> RESPA,
<br /> � �f�here �s a su�rp�us of Func�s held in escx�vv, as de�ned unde� RESP�L, Lend�r sh�.l1 accaunt�o Boxrou�er
<br /> for �he e�cess funds in accordance wi�h RESPA. If�here is a shortage af Funds held in es�row, as de�ned
<br /> under RESPA, Lender shall no�ify Borrawer as required by RESPA, and Borro�ver sha.il pa� �o Lende�� t��e
<br /> amaunt nece�sary ta make up the sharta�e in accardan�e tivith RESPA, but in n❑ more than 12 manthly
<br /> paymen�s. Zf rhere �s a def�ciency of Funds he�d in escrov�, as defined under RESPA, Lender shall notify
<br /> Barrovver as required by RESPA, and Bor�ower shal� pay to Lender the am�unt nec�ssary to mal{� up the
<br /> deficiency in accordar�ce with RESPA,bu�in no more than �2 mon�h�y�ay��nents,
<br /> IT�nn �ayment in full of a11 sum� se�u�red �y �his Securi�:y Tnstrurnen�, L�nd�r shall prornptly refund to
<br /> B arrower an�Funds held by Len�er.
<br /> 4, Char�es; Lxens. Bar�ower shal�pay ai��axcs; assessments, charge�, fines, and imposrtions attribu�able
<br /> t� t�ie P�•o�erty which can attain priority ove�r �his Securxty�nstrumen�, leasehald pa�rne��s �r �raund rent� on
<br /> tl�e Prnperty, if a���, a��d �nmr��ut�ity Associati�l� Dues, Fee�, a�ad .Assessrnents, if any. To �he extent that
<br /> th�se items are Escrow Items,l3orrow�r�ha�i pa}�them in�he manne�provided in S�cti�n.3,
<br /> Borrawer shall promptly discharge any lien which has �r�ar�ty a�er this Securz�y 7ns�rument unless
<br /> I3arr�wer: �a) agrees in writing ta i:he payment of the obligat�on s�cu�ed by �:h� Iien in a manner acc�p�a�l�to
<br /> Lender, but only so long as B�rrower is pe�rfo�ming s�.�ch agreernen�; �b} contests tihe �ien in good faith by, Qr
<br /> defends against enforcernent af the Iien in, legai pracee�ings whi�h i�a Lender's opinian operatc�o preven��he
<br /> enforcemen�of�he lien whiie thase proceedings are pending, but only un�i�such proeeedings are�ancluded; �r �
<br /> �c) secures fr�m the halder flf the lien an agreemen� satisfa�tory to Lender sub�rdina�ing �he lien to �his
<br /> Secu�rzty Ins�rumen�. If Lender determi�es that any part of�he Prope�rty is subject to a lien wh�ch can a��ain
<br /> priority o�rer �his Security rnstrument, Let�der may give Bor�ower a notice iden�ifying the 1i�n, �ithin 1 D
<br /> days of t��e date an v�hich tha� �aotice xs �I.VEl1� Bort,owe�• sha�� sa�isfy the lien or tal�e ane nr more of t�ie
<br /> actians set f�r�h.ali���in th�s Sec��o�.4.
<br /> Lender may requz�e Bo�rowex �o pay a o�e-��me charge fa�r a real estate tax v��ri�ca�iota andlor reporting
<br /> s�r�ice used by�e�d�r�n connec�zan with�h�s Loan.
<br /> 5. Praperty Insurance. Barrower shall l�eep �he improvemen�� n�vv exis�ing or h�reaft�r ��ec�ed ar�the
<br /> PrQpex�y ��.sured agazns� lass b� fire, ha2ards included wi�hin the ��rm "ex�ended ca�e�rage," and any fl�her
<br /> hazards including, bu� n�t lirnited �o, eart�qualces and floods, fox �vh��h Lender rcquires insurance, This
<br /> �nsu�•ance sha�l be maintaix�ed in �he amountis �including ded�uc�ible levels} and :Cor the periods �ha� Lend�r
<br /> requires. �V�.at Lexa.der require� pursuan� �o �he preceding sen�ences can change �L�ring �he �errn af�he Loan.
<br /> Tk�e insurance ca�rrier praviding the insurance shall b� �hosen �y Borr�vver subject �o Ler�der's right �o
<br /> disapp�o�rc Borxo��er's chaicc, which rig�t shall no�be exercised unr�asanab�y. Lender may require Bot�t�av�et�
<br /> to pa�, in cannec�.io� wi�h�his Loan, either; �a} a on��time �har�� f��r fload zone determina�ion, certifica�ion
<br /> and �racl�ing ser�rices; or �b� a ane�time charge for flood zone de�er�mina�ion and ce�r�ifiGatioza servrces and
<br /> NE�F:ASKA-5ingle Family -FannieMae�Freddie Mac UNIFURl1�'I IN�'TRUMENT
<br /> Form 30�8'I J4'1
<br /> L.aser Forms Inc,�8�0}446-3555 �
<br /> L.FI#FNMA3�28 gl�1 Pa������3 Initia[s,�
<br /> � � �.�.�,
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