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� 2� 15�8599
<br /> The Funds shall be held in an institution whose deposits are insured by a federal a�en�y, instru��ntality,
<br /> or entity(including Lender, if Lender is an institutian�vhose depasits are so insured)or in any Federal
<br /> Home Loan Bank. Lender sha11 appty the Funds t�pay the Escrow Items no tater than the time specified
<br /> under RESPA, Lender sha11 not charg�Borraw�r for holdiag and appiying�he Funds, annua�ly analy2ing
<br /> the escrow account,or�erifying the Escrow�tems,unless Lender pays�orrower�nterest on the Funds
<br /> and Applicable I�aw permits Lender to ma.ke such a charge. Ur�less a�agreemen�is made in writing or
<br /> App�icable Law requ�res interest to be paid on the Funds,L�nder sha11 not�be reyuxred to pay Barrower
<br /> a����terest o�earnings on�h�Funds. Borxower and.Lender can agree in writing,ho�vever,tha��nterest
<br /> shati be paid an the Funds.Lender shal�gi�re to Borrot�er,�ithout c�.arge, an annual accounting o#'the
<br /> Funds as required�y RESPA.
<br /> If there�s a surp�us of Funds held in escrow,as defin�d under RESPA,Lender shail account t�Borrower
<br /> for the excess funds in accordance v�ith RESPA. If there is a shor�age of Funds he��in es�row,as def�ned
<br /> under RESPA,Lender shall notify Borro�ver as required b�r R.ESPA, ant�Borrower shall pay ta Lender
<br /> the amount necessary to make up the shor�age�n accQrdan�e with RESPA,but in n.o rrxore than I,2
<br /> monthly payments, If there is a def cieney of Funds heZd in escraw,as de�r�ed under RESPA,Lender
<br /> shall notify Barrower as required by RESPA,and Barrower shall pay to Lender the amount necessary to
<br /> make up the def c�ency�n accardance w�th RESPA,but in no more than 12 monthiy payments.
<br /> Upon payment in fu�l of a��sums secured by this Secur�ty Instrument,Lender shall prar�nptl�ref�nd to
<br /> Borrower any Funds he�d by Lender.
<br /> �. Gharges;Li�ns.Borra��er shalt pay a1I taxes, assessments, char�es, fines, and impo�itions a�tr�buta.ble
<br /> to the Praperty wh�ch can atta�n pr�ority a�er thi�Sect��ity Instrument, leasehold payments ar ground
<br /> rents on the Property, if any,and Community Asso�iatic�n Dues,Fees,and Assessrnents, if ar��.�'o t�he
<br /> extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br /> Barrov��r sha11�pramptly dYscharge any tie�.whicl�has priority over this�ecurity Instrument un�ess
<br /> Borrower: (a}agr�es in wr�t�ng to the pa�ment of the abligation secured by the�ien in a manner
<br /> acceptab�e to Lender,but on�y so lang as Borrawer�s perf�rming suc�agreement; (b}contests the lien in
<br /> good faith by, or defen�is against enfor�ement of the lien in, �egal praceedings wh�ch in L�ender's op�nian
<br /> operate to pr�vent the enforcemen�of the lien while those proceedings are pending,but on�y untii sueh
<br /> proceedings are concluded;or�c}secures from the hoid�r of the�ien an agreement satisfactory to Lcnder
<br /> subordinating the tien to this Se�uri�y�nstrument. If Lender determines that any part of the Property is
<br /> subje�t ta a�ien wh�ch can atta�n pri�rity o�er this Security Instrument, Lender may g�ve Borrower a
<br /> notice id��ntifying the lien. Within 1�days of the date an which that notice is given,Borrower shall
<br /> satisf�the Iien or take one�r more of the actions set forth above in this Section 4.
<br /> �. P rv perty!n s u ra n ee.Borrower sha111�eep the improvements now existing ar hereafter ere�ted on the
<br /> property�nsured against loss by f�re, hazards included within the�erm"extended co�erage,"and any
<br /> other ha�ards including,but not limited to, ear�hquakes and floods, for which Lender requi.res insurance.
<br /> �his�nsurance sha��be mainta.ined in the amount��including deduct�ble le�els)and for the periods that
<br /> Lender requires. �Nhat Lender requ�ires pursuant to the precedin.g sentences can change$uring the term of
<br /> the Loan. The insurance carrYer pro�idin.g the insurance shall be�hosen by Ba�ro�rer subject to Lender's
<br /> right to disapprove Borrower's choice,�vhich right sha11 not be exercised unreasonah�y. Lend�r may
<br /> requue Barrow�r t�pay, �n connection with this Loan, either; �a)a one-time charge for flood zone
<br /> determination, certification and tracking services; or�b)a one-time charge for flood zone determination
<br /> and certification services and subsec�uent char es each time remap �n s or similar changes occur which
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