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��1 5��748
<br /> The Funds sha11 be he�d itl an institu�ian vt�hose deposi�� are insur�d by a federal agency, instrumentalit�r,
<br /> or en�ity�including Lender, �f Lender is an ins�itu�ion whas�depvsits are so insured}flr in any Federal
<br /> Ho�e Loan Ban�. L�nder shall apply the Funds to pay the Escraw�tems na 1a�er than�he�ime specif ed
<br /> under RESPA. Lend�r shall no��harge Borrawer f�r h�iding and applyin.g the Funds, an.nually analyzing
<br /> the escrow ac�ount, ar verify�ng�he Es�r�v�It�ms, un�ess.Lender pays Barrawer interest�n the Funds
<br /> and Appli�able La�v permrts Lender�o make such a charge. Unless an agreement�s made in writing ar
<br /> Applicable Lav�requires interes�ta be pa�d on the Funds, Lend�r�ha11 no��be required ta pay Borrvw�r
<br /> any interes�or earnings�n the Funds. Borrawer and Lender can agree in vvrit�.ng, hovve��r, �hat interest
<br /> shail�ae pa.id vn the Fund�, Lender shai�give�v Bvrr��er, with�u�charge, an annual accoun�ing of�h�
<br /> Funds as required by RESPA.
<br /> If there is a surplus of Funds held in e�cr��, as defin�d under RESPA, Lender sha�l account to Borrower
<br /> for the e�cess funds in acc�rdance v�i�h RESPA. If there is a shortage of Funds he�d in escr�vsr, a�defin�d
<br /> under I�.ESPA, L�nd�r sha11 notYfy Barr�wer as required by RESPA, and Borrovwer sha11 pay to Lender
<br /> the amvunt ne�essary to ma�e up�he shortage i.n accordanc�vvi�h RE SPA, �ut in no m�re�han 1�
<br /> mnnthly paymen�s. If there is a defi�i�ncy�f Funds held in�scrow, as defi..ned under RESPA, Lender
<br /> shall natify B�rro�er as requ�red�y R.ESPA, and Borrov��r sha11 pay tv L�nd�r the amaunt necessary�a
<br /> mak�up the d�fic�enc�in accordance w�th RE�PA, but in no rn�re than 1�month�y paym�nts.
<br /> Upvn payment Yn full of aIi sums secured by�his Se�uri�Instrumen�, Lender shall promp�ly refund t�
<br /> Borr��er any Funds held hy Lender.
<br /> 4. �har�es; Lrens. Borrower shall pay all tax�s, assessrnents, �harges, fines, and impositions a#.tributabl�
<br /> to the Property vvhich can at�ain pr��rity over this 5ecurity �nstrument, Ieasehold paymen�s or ground
<br /> rents on�he Property, if an�, and�ommunity Association I]u�s, F ees, and Ass�ssments, if any. To�he
<br /> extent that�hese items are Es�row�tems, Borr�wer shal�pay�hem�.n the rnanner provided in Se�tian 3.
<br /> Borrovc�er sha11 pramptly discharge an���en whi��has priorit��ver this Secur�ty�nstrument unless
<br /> Barrovv�r: �a}agrees in vvr�ting��th�payrn�nt�f the obligation s�cur�d l�y�he lien�n a n�anner
<br /> acceptable to Lender, bu��nly so�vng as Borrvwer is perf�rming su�h agre�ment; �b}c�ntests th�lien�n
<br /> gaod faith by, or def�nds against enforcement of the lien�n, 1�gal pra�eedings vvh�ch in Lender's opinion
<br /> �pera�e ta pre�ent the enforcement nf the��en v�rhile those pr�ceedings are pend�ng, �ut only un�i�such
<br /> praceed�ngs are concluded; ar�c]se�ures frnm the h�lder�f the Iien an agreemen�satisfactary to Lender
<br /> su�ardina�ing the lien tn this Security Inst�rument. �f Lender determines that any part of the Property is
<br /> subj ec��o a Iien which can at�ain prinrit�over thi s 5�curity Instrument, Lender may gi�e Borrower a
<br /> no�ice identify�ng th�Iien. With�n 1� days of the da�e on which�hat notiee is given, Borrovver shali
<br /> satisfy the�ien ar tal�e one ar mare af th�a��i�n�set f�rth above in this 5ection�.
<br /> 5. Proper�y Insurance. Borr�wer sha11 k�ep�he im�ravements n�w existing�r hereafter erec��d�n�he
<br /> Pr�perty i.nsured against loss l�y fire, ha.�ards v���uded with�n the term "�x�ended caverage," and any
<br /> other hazards includY.ng, bu�no�I�xnited�o, earthquakes and flaads, for whi�h L�nder requires insurance.
<br /> This insurance sha��b�maintained in the amoun�s�inc�uding deductib�e lev�ls�and for the p�ri�ds that
<br /> L�nder r�quires. �Llha�Lender requires pursu�nt t��he pr���d�ng sentences can�hange during�he�erm of
<br /> the Loan. Th�insurance carrier providing�he�ns�aranc�sha�l be chosen l�y Borro�ver su�ject to Lender's
<br /> right to disapprove Borra,wer's chvice, �hi�h right sha��nn�b�e�ercised unreasvnably. Lend�r may
<br /> r�quire Borrower�o pay, in�onne��ior��v�tt�th7s L�an; either: (a}a one-time charge f�r fload z�ne
<br /> d�term�natian, �ert�fication and tracking ser�ic�s; or�b�a one-time charge far fl�od�one determina��on
<br /> and certifica�ion servi�es and subsequent�harges each time remappings�r sim�lar changes occur v�hich
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<br /> Wvlters Kluw er Fnancial Servic�s 9I�4l20'15 2:33 PM , Page B af'I T
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