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2� 1 ��215�
<br /> �'he Funds shall b�held in an�nstitution whose deposits are insured by a federal agency, instrumentality,
<br /> or entity(in�luding Lead�r, if Lender is an in.�titutian whose deposi�s are s�insured)or in an�r Federal
<br /> Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no�a�er than the time spe�if�ed
<br /> under RESPA. Lender�ha��no�charge I3orrovver for haldin�and applying the Funds,annually analyzin�
<br /> the escrow account,or ver�fying the Escro�Items,un�ess Lender pa�s Borrower interest�n the Funds
<br /> and Appl��ab�e Law permits Lender to make such a�harge,Unless an agreement is made i�w�riti�.g or
<br /> App�icable Law requires in�te�rest to be paid on the Funds,Lender sha�l not be required to pay Borrowe�
<br /> any�nterest or earnings on th�Fu�ds.�on4wer and Le�der can agree in�i�ing,hvwe�er,that interest
<br /> sha11 b�e paid on the Funds. Lender sha�l g��e to Barrower,withQut charge,an an.nual account�ng of the
<br /> Funds as requi.��d by RE SPA.
<br /> If there is a surplus of�unds held in escrow,as defi�.�d under RESPA,Lender s�a11 account ta B�rrower
<br /> far the�xcess funds in accordanee with RESPA. If there is a short�g�of Funds held in escrow,as defined
<br /> under RESPA,Lender shal�notify F3orrower as requ�.red by RESPA,and Borro�er sha�l pa�to Lender
<br /> the arnount n.ecessary to make up�he shortage in accardance with RES�A,but in no more than �2
<br /> monthly payments. If�h�re�s a deficiency of Funds he�d�n esc�row,as def�ned u�de�r RESPA,Lender
<br /> sha11 notify Borrower as required by RE�PA,and Borrower sha1�pay to Lender the arnount necessary to
<br /> m�ke u�the d�ficie�cy��acc�rda�ce�ith RESPA,but��.no xr�or�th�n 1���nth1�payments.
<br /> Upan payment in full of all sums secured b}�this Security Instrument,Lender shall promptl�ref�nd to
<br /> I3vrrawer any Funds held by Lender. .
<br /> 4. �haF�es;L�eris.Borrar�ver�hall pay a11 tax�s, assessments,charges, f�n�s, and impositions attributab�e
<br /> to the Property vvhich ean atta�n priority over this Security Instrumen.t, leasehold payments or ground
<br /> rents on the Property, if any�and Community A�soc�ation Dues,Fees,and Assessments, if any. To the
<br /> exten�that these items are EsGr��v Iterns,I3ortower sha11 pay�hem in the manne�r provided in Section 3.
<br /> B�rrower sha11 promptly dis�harge any lien�vhich has priority�ver this Security Instrument unless
<br /> �orro�rer:[a)agr�es in�riting to t1���a��ent of the obligation sect�.r�d by the lien in a mann�r
<br /> acceptable�o Lender,but only so long as Borrower i�perfvrmiag such agreement; (b)contests the lien in
<br /> good faith by,ar�efends aga�nst enfarcement of ti�e��en�n,legal praceedings�vh�ch�n Lender's opinion
<br /> opera�e�o pr��ent the enforcement of the lien�vhile those proceedings are pending,but only unt��such
<br /> pro�eedings are concluded;�r(c)secures from the holder nf the Iien an agreement sa�isfactnry to Lender
<br /> subordinatin�the�ien ta this Security Instrument. If Lender determines that any part of the Proper�y is
<br /> subj ect tv a lien.which can attain prior�ty over this Security Iastrument,Lender may give B�rrower a
<br /> notice identifying the lien. Within 1�da�s of the date an�vhich that notice i�gi�r�n,Borrawer sha11
<br /> satisfy the�ien or take�n�or more of the actions se�forth above in this Section�.
<br /> 5. Property Rnsurance.Borrower shall keep the improvements�xo�existing or�aer�aft�r ere�ted on the
<br /> I'roperty insured against loss by fire,ha�ards incl�ded wit�i�n the t�rm"extended coverage,"and any
<br /> other hazard�including,but not limited�o,earthquakes and floods,for wh�ch Lender requires insurance.
<br /> This insurance sha11 b�mainta�ned in the amounts(including deductible le�els)and for the periods that
<br /> Lender r�quires,�Vh.at Lender requir�s pursuant to the preceding sentences can�hange�ur�ag the term of
<br /> the Loan.The insurance carrier pro�iding the�nsurance sha�l be chosen by Bonower subj ect to Lender`s
<br /> right to di�apprave Borro�er's ehaice��vhich right sha1�no�be�xerc�sed unreasonably. Lender may
<br /> requ�re Barrower ta pay, �n connection with this Loan,either: (a}a one-time c�arge far flood 2one
<br /> determ�nation,certification and tra�king services; or�b}a one-time charge for flood zflne determina��o�.
<br /> and certificatron ser�ic�s and subse uent char es each time rema ings or similar chan es occur�vhich
<br /> FHA Deed of Trust With MERS-NE 913�J�414
<br /> Bankers SystemsTMs VMP� WMP4N(NEJ(154�].4Q
<br /> Wolters Kluwer Financial Ser►+ices Page 6 af 1?
<br /> q�3 5Z923447 ��33 327 a61?
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