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2� 1 ��2595
<br /> may require.Borrower's abli�;ation to make such payments and to pra�ide receipts shall for a11 purpt��es
<br /> be deemed t❑be a cn�enant and a�reement contained in this 5ecurEty lnstrumeY�t,as the phrase"�o�enant
<br /> atid a�r�ement"is used in Section 9.�f Barrower is abli�ated to pay Escrow Items directly,pursuant to
<br /> a wa��er,and Borrower faiis tn pay the amount due fnr at�Escrnw Item,Lender may exercise its r;gllts
<br /> under Section 9 and pay such amount and Borrower shal�then be obligated under SeGtian 9 to repay to
<br /> L�nder any such amount.Lender may revoke the waiver a�to any or all E��row ltems at any time by a
<br /> nnti�e gi�en in accardan�e wit���eGCinn I 5 aY�d,u�nn such re�c��ation,Borrower shall pay to Lend�r all
<br /> Fu��ds,and in�uch amnun�s,that are the��required unde�this Section 3,
<br /> Ler�der may,at any time,�ollect and hold I�unds in an amt���izt�a}sufticie;�t to perrnit Lender to apply
<br /> the Funds at t�ze time spe�ified ut�cier��ESF�A,a��d�b}��ot tn ex�eed the maximum amc�uT�t a les�der can
<br /> requir�und�r RESPA. Ler�der shall estimate the amount of Funds due orl the basis nf'current data and
<br /> reasonable estim�tes of expenditur�s nf future Escrow Items�r otherwise in ac�ordance with Applicable
<br /> Law.
<br /> The Funds sha�i be held in an institution whose depos�ts are i��sured by a federa�agency,i��strumentality,
<br /> or enti�y(inc�udit��Lei7der,if Lender is�r1 i�is�itutiaYl vvhase depnsit�are sc�insur�d�or in any Federal
<br /> Home Loan Bank.Lender shal]apply the Funds to pay the E�crow Iterns no�ater than the time�pecitied
<br /> under RESPA.Lender shall not Ghar�e Barrower tor holding and app�yin�the Funds,annually analyling
<br /> the escrow aGcount,or�erifying the Escrnw�tems,un�ess Lender pays gorrower in�erest on the F'unds
<br /> ai�d Applicable Law}�ermits Lef�der to rnakc such a��zarge.L]nless an a�reement is ma�ie it�writi��g nr
<br /> Applicable Law requires interest to be paid nn the}�urlds,Lender shall c�ot b�required to pay Qorrower
<br /> a��y interest ar ear��ings an the F�unds.Borrower and Lender can ag�-ee in writin�,l�owever,that interest
<br /> shall be paid an the Fun�1s.Lender shall�i�e to Borrower,without char�e,an annua�accounting of'the
<br /> Funds as required by RESI'A.
<br /> if there is a surplus of Funds held in escrow,as defined under RESPA,I.ender shall a�coun�to Borrower
<br /> far the excess funds in accordance with RESPA.Ii there is a shortage of Funds held in escrow,as defined
<br /> under RESPA,Lender shall notify Barrower as required by RESPA,and Borrower shall pay to Lender
<br /> t�1e amnunt necessary to�r�ake up the shnrtage in a�cordance with RESPA,but in nn more than l 2 monthly
<br /> paym�nts.If t��ere is a deticiency❑t Fu��ds held in escrow,as def ned under RESI'A,Lend�r shalt notify
<br /> Barr�wer as required by RESPA,and Borrower sha��pay to L�Y�der the amount necessary to i�nake up
<br /> the deficiency in ac�ordance with RESPA,but in no more than 12 monthly payrnents,
<br />� Upon payment in fuli af ail sums se�ured�y this S�curity fr�strume��t,Lender sl�all prnmptly refupd to
<br />� Borrower any Funds 1�e�d by Lender.
<br /> 4.Charges;Liens.gorrower shall pay all taxes,asse�sments,char�es,fines,and impositions attributable
<br /> to the Prnperty which can attain pric�rity❑�er tt��s Security lnstrument,leasehoid payments nr�round
<br /> rents on the Prop�rty,if any,and Commw�ity Associatian DueS,Fee�,and Ass�ssments,if any,7'a the
<br /> extent that these i�ems are Escrow Items,Borrawer shall pay them in the mann�r provid�d ir�Section 3.
<br /> Borrower shall promptly dischar�e a»y lien w��icl�has priority�ver this Security lnstrument unless
<br /> Borrawer:�a}a�ree�in writin�ta the payinent of th�❑bli�ation secured by the lien in a manner acceptable
<br /> ta Lender,but only so lon�;as Barrower is perfarrnin�such agreement;(b}contests the�i�n ii�good faith .
<br /> by,or def�nds a�ainst enforcement of the lien in,le�al praceedings whi�h in Lender's opinion op�rate
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