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2� 1 ��347�
<br /> The Funds shall be�eld in an institution tivhose deposits are insur�d�y a f�deral agency� instru.mentality,
<br /> or entity(including Lender, if Lender i�an�nst�tut�on whase depasits are s� ins�ured}ar in any Federal
<br /> Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no�ater than the time s�ecxf ed
<br /> under RESPA. Lender sha��not charge Borrower for holding and applyin�the Funds,annually ana�y�ing
<br /> the escrvw account,or verif�ring th�Escro�Ite�s,�n�ess Le�.der pa�s Bo�rov�er interest on t�e Fun�s
<br /> and Applicab�e Law permits Lender to make such a char,�e.Un�ess an ag�reement�s made in writing or
<br /> App���ab�e Law requir�s interest��be paid on th�Funds,Lender shaXl not be required to pay Borrower
<br /> any interest or earnings on the Funds. Borrower and Lender�an agree in�riting,however,that interest
<br /> shax�be paid on the Funds. Lender sha11 give to Borro�rer��r��hout charge,an annua�account�ng�f the
<br /> Funds as requiared by RESPA.
<br /> If there is a surp�us of Funds held in escrow,as defned under RESpA, Lender sha��a�Gount to Bortower
<br /> far the excess funds in accordance with RESPA.If there is a shortage of�'un.ds held in escrow,as defined
<br /> u�der RESPA,Lender sha��notif�Borrorver as required�y RESPA,and Borrower shall pay to Lender
<br /> the amount ne�essar�r to make up the shortage in accordance�vith RESPA,but in na more than ��
<br /> month��payments, If there is a def c�en�y Qf Funds held in escro�,as defined under RE�T'A,Lender
<br /> sha��not�fy Borrower as required by RESPA,and Barrower shall pay to Len��r the amount n�cessary to
<br /> make up the deficiency in accordan��with RESPA,but in n.o more than ��month��pay�nents.
<br /> LTgQn payment in ful�of al�sums secured b�this�ecurrt�In�trument,Lender�hall promptly refund to
<br /> Barrawer any Funds held by Lender.
<br /> 4. Charges;Liens.Borra�ver sha�l pay all taxes, assessme�ts,charges, fines, and impositions�ttributabte
<br /> to the Prop�rty which can attain priority ov�r this Se�urity Instruranent, Ieasehold paym�nts or grou�.d
<br /> rents an the�raperty, if any,and Communrt�Associat�on Du.es, Fees, and Assessments, �f any. To�he
<br /> extent that�h�se�tems�re�scraw It�ms,B�rrotiver shall pay the�i���.�mann�r provid.�d��Section 3.
<br /> Bvrrower shal�promptly discharge any�ien v�hic�has priority over�his Security Instrument un��ss
<br /> Borro�ver; (a)agrees in�ritrng to the payment of the obligation secured by the��en in a manner
<br /> acceptable to Lender,but on�y sa long as Borro�er is perfarming such agreement; �b}contests the lien in
<br /> good faith by,or def�nds against enforcement of the tien in, �egal praceed�ngs�uhich in Lender's opin�on
<br /> operate to prevent the enforcement of the l�en while those praceed�ngs are pendir�g,but on�y u.ntil such
<br /> proce�dings a.re concluded;or(c}secures from the holder of the lien an agr�ement satisfactary to Lender
<br /> subordinating the lien ta this Security Instrument. If L�nder determines that any part of the Property is
<br /> subject tv a iien whi�h can att�in priority ower this Secur�ty�nstrument,i,ender ma�give Bono�ver a
<br /> notice identifying the 1ien. Within 1 D days of the date on which that nat�c�is gi�ren, Borro�v�r sha�l
<br /> sa.tisfy the�ien or take one�r more of the act�ons set forth above in this Section 4.
<br /> 5. Prvpertylnsuranee.�arrower sha���eep�he improvements nou�existing or hereaf���r erected on the
<br /> Praperty�nsured against��ss�y fire,ha2ards included vvithin the term"ext�nded coverage,"and�.ny
<br /> other hazards including,but nat�imited tv,earth�uak�s and flQod�,for�hich L�nder r�qu�res insura�ce.
<br /> This insurance shall be ma�ntained i�the amounts�xn�luding deductib�e Ievels)and for�he periods that
<br /> Lender requires. �hat Lender requires pursuant to the preceding senten�es can change during the term of
<br /> the Loan.'�he�nsurance carrier provid�r�g the in.suranc�sha11 be chasen by Borr��ver subje�t to Lender'�
<br /> r�ght ta disapprove Borrawer's choice,which right sha11 not be exercised unreason�.bly. Lender may
<br /> require Borrower to pay, in cannection with this Loan, ei�her: �a}a on�-time chaxge for f�ood�one
<br /> determination,certification and tra�king services;or(b�a one-time charge for flood zone determinatian
<br /> and certifcation ser��ces and sulase�uen�charges ea�h time rem.app�r�gs o�simi�ar cha.nge�occ�.r t�hich �
<br /> FHA�eed of Trust With MERSwNE 3i3D1�d14
<br /> Bankers 5y�temsr+�+ VMP� VMP4N�NE}(15as}.D�
<br /> Wolters Kluwer Finar�cial Services Page B of 17
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