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<br /> 2� 1 ��2323
<br /> may re�uire.Barrower's obt�gation to rnake such payments and to pro�ide receipts shall for a�l purposes
<br /> be deemed t�be a covenant and a�reement contained in this Security Instrument,as the phrase"�o�enant
<br /> and ag�reement" is used�n Sectian�, If B�rrower is vt�lig�ted t�pay Escrow Items directiy, pursuant to
<br /> a wai�er,a.nd Borrower fails to pay the amvunt due for an Escraw It�m,Lender may exer�is�its r�ghts _.
<br /> under Section 9 and ay such amount and Borrower shall then be o�ligated under Section 9 to r�pay to
<br /> P , .
<br /> Lender any�uch amount.Lender may r��oke the wa��er as to any or alI Escr�w Item s at any txme by a -
<br /> natice gi�en in accordance w�th Secti�n �S and,upon such re�rvcation,Borr�wer sha�I pay ta Lender al�
<br /> Funds, and in such a�nounts,that are then required under this Secti�n 3.
<br /> �ender may,at any time,callect and hold Funds in an amount[a}su�cient to p�rmit Lender to app�y
<br /> the Funds at th�time speci�ed under RESFA,and�b}not to exceed th�maximum arnount a lender can
<br /> require under R.ESFA.Lender shal���tiumate the amaunt of Funds due on the basis�f curr�nt data and
<br /> reasonable estunates�f expenditures of futur�e Escr�w Items or otherwise in accordarac�with Applica�le
<br /> Law.
<br /> The FundS shal�be held in an institution whose dep�sit�are insured by a federal ag�n�y, instrumertta�ity, :
<br /> or enti �ncludin Lend�r, if Lender is an inst�tutian whase dep�sits are sfl i�sured}�r in any Federa�
<br /> fiY t �
<br /> Hame Loar�Bank.Lender�hall apply the Funds to pay the Escraw Items no later than the time specif ed
<br /> under RESPA.Lender sha�l n��charg�Barrower for holding and applying the Funds,annually analyzing
<br /> the es�row accaunt,�r verifying the Escrow�tems,unless Lender pays Borrower interest on the Funds
<br /> and Applicab�e Law permits Lender ta make such a char�e.Unless a�agre�ment is made in writing ar
<br /> Applicable Law requires interest t�be paid on the Funds,Lender shalt not be required to pay Borrower
<br /> any interest ar earnings�n the�unds. Borrower and Lender ean agree in writ�ng,howe�er,that int�r�5t
<br /> sha�l b�paid on the Funds.Lender shall�i�e to Barrower,without�harge,an annua�ac��unting of the
<br /> Funds as re�uired by RESPA.
<br />� If there is a su lus of Funds he�d in escraw,as def�ed under RESPA,Len�3er shall account ta Barrow�r : :
<br />.. rP , , . . .
<br />- f�r the excess funds�n accordance with RESPA.�f there�s a sh�rtage of Funds held in escrow,as def ned
<br />� under RESPA,Lender sha11 n�tify�arrawer as required by R�SPA,and Borrower shall pay ta Lender ���
<br /> the am ount n�cessary to m ake up the shortage in accordance w ith RES�'A,but in nc�m are than 12 month ly
<br /> payment�.If there is a def ci�ncy af Funds held in escrow,as defined under RESPA,Lender�ha�l notify
<br /> Borrower a�r�quired by RE�PA,and B�rrower shall pay to Lertder the arnount necessary t�nlake up
<br /> the def�c��n�y in a�c�rdance with RES�'A,but in no mar�than ��monthly payments.
<br /> Upon payment u�fu��of all sums secured by this Security Instrument,Lender shall promptly refund ta
<br /> B�rrower any Funds he ld by Lender.
<br /> 4.C ha r e�; L��n s.Borr�wer shal I pay a��taxe s,ass�ssm ents,charges,fines,and impasitian s attributa�le
<br /> � . . . . . .
<br /> to the Pr�perty whi�h can�tta�priorlty over this Securrty Instrument, leasehold payments or ground
<br />: rents on the Pr�per�y, if any, ar�d�ommunity Assflc�ation Dues,Fees,and Assessments,if any. Ta the �
<br /> ext�nt that thes�items are Escmw Items,Borrower shall pay them in the manner pro�ided in S�ction 3.
<br />. Borrower shall prompt�y discharge any l�en which has priority o�er this Security Ins�rument unless �
<br /> �orravver:�a�agrees in vvriting to the payment ofthe obligat�on secured by the lien in a manner acceptahle
<br /> ta Lender,but only sa lang as�Qrr�w�r is performing such agreement;(b}contest�t he lien�n goo d fai t h
<br /> �y,or defends against enf4rcement of the lien in, legal proceedin�s'whi�h in Lender's opini�n ap�rat�
<br /> 11�48B14a50
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<br /> VMP� .
<br />.. Vlblters Klwver F1n�ncia�Servic� 2�'�fiU4�7�5.1.D.3112-J2�i 51�24Y lnitiaks: Rage 5 of 17
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