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2� 1 �� 181 �
<br /> The Funds sha11 he h�ld in an institution whose depnsits are insured b}�a federal agency,instrumentality,
<br /> ar�nt�ty�inciuding Lender,if Lender is an institution vvhose deposits are so insured}or in any Federal
<br /> Home Loan�ank. Lender shall app�y the Funds to pa�the Escro�v Items no later than the time specified
<br /> under RE�PA. Lender sha11 not cha.rge Borrower for holding and applying the Funds,an.nually analyzing
<br /> the escrow aceount,or verifying the Es�r��v Items,unless Lender pays Bono�ver interest on th�Funds
<br /> and Applicahle Law permi�s Lender to make such a�harge.Unless an agreement is made in writing�r
<br /> Applicable Law requires interest to be paid on the Funds,Lender shall nat be required to pay Borrower
<br /> any interest or earnings on th�Funds. Barrower and Lender can agree in writing,how�ver,that interest
<br /> shall be paid on the Funds. Lender shall g�ve to Barrotiver,�vithout charge,an annual accounting of the
<br /> Funds as required by RE SPA.
<br /> If there is a surplus of Funds held in escrow,as d�fined under RE�PA,Lender shall account to Borrower
<br /> for the excess fund�in accordance with RESPA.If there is a shortage of Funds held in escro�,as defined
<br /> under RESP�,Lender shalt natify Borrower as required by RESPA,and Borraw�r sha��pay to Lender
<br /> t�e amount necessary to make up�he shortage in accordance with RESPA,but in no more than 12
<br /> monthly payments.If there is a defciency af Funds held in escraw,as defined und�r 1�ESPA,Lender
<br /> shatl aot�fy Barr�vver as required by RESPA,and Borrower sha11 pa�to Lender the amount necessary to
<br /> make up the defcrency in accardance with RESPA,but in no more than 12 mon�hly payments.
<br /> Upon payment in f�t�of a11 sums secured by this�ecur�ty Instrument,Lender sha��promptly refund to
<br /> B�rrower any Funds held by Lender.
<br /> 4. �har�es;Liens.Borrower shall pay alt ta.xes, assessments, charges, fines, and impositions attributable
<br /> to the Property which can at�ain priorit�over thi�5ecuri�y�nstrument, �easehold payments or ground
<br /> rents an the Property, if any,and Community Association Dues,Fees,and Assessments, �f any.To the
<br /> e�tent tha�these items are Escrow Items,Borrov�er shall pay them in the man.ner provided in Section 3.
<br /> Borrotiver s�.all promptty discharge any lien wh�ch has priori�y aver this S�curity Instrument un�ess
<br /> Borro�er: (a}agrees in�vriting to the payment of the obliga�ion secure�by the li�n�n a manner
<br /> acceptable�o Lender,bu�on��so long as Borrower is perfarming such agreement; (b)contests the lien in
<br /> good faith by,or defends against enforcement of the lien in, Iegal proce�dings which in Lender's opinion
<br /> operate t�prevent the enforcement of the�ien while th�se praceedings are pending,but on�y until such
<br /> proceedings are concluded;or�c}secures frorn the hv�der of the tien an agreement satisfac�or�to Lender
<br /> subordinating the lien to�his Security Instrument. If Lender determi�es that any part of the Praperty is
<br /> subject ta a lien which can attain priarity over this Security Instrument,Lender may give Borrower a
<br /> notice identifying the lien. Within ��days of the date on which that notice is given,Barrower sha11
<br /> satisfy the lien or take one ar more af the actions set forth above in�his Section 4.
<br /> 5. Prvperty Insurance.�an�wer shall keep�he improvements now existing or hereafter erected on the
<br /> Praperty insured against loss by f�re,hazards included within the term"e�tended coverage,"and any
<br /> ather hazards including,but not�imited to,earthquakes and floods, for which Lender requues insurance.
<br /> This insurance�hall be maintained�n the amvunts(including deductible 1ev�ls}and for the periods that
<br /> Lender requires. What Lender requires pursuant to the preceding sent�nces can change during the term of
<br /> �the L�an. The insurance carrier pro�iding the insurance sha11 be chosen by Barra�er subj ect to Lender's
<br /> right to disapprove Borrower's choice,which right sha11 not be exercised unreason�bly. Lender may
<br /> require Barrower to pay, in conne�tion�vith thi�Loan,either: (a}a ane-time charge far fl�od zon�
<br /> determination,certification and tracking ser���es; or�b}a one-time charge for flood zone determinatian
<br /> and certification services and�ubsequent char e�each tim�remappings or s�m��ar chan es accur which
<br /> FHA❑eed of Trust With MERS-NE 9134l2ti'!4
<br /> Bankers 5ystemsTM+ VMP� VMP4N[NE}[1546).44
<br /> Wolters K�wver Financial Sen+fces Page B o#i 7
<br /> qD3351694�19 4�33 �93 0611
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