|
2� 1 ��4�37
<br /> The�u�ds s�ha11 be�e�d��.an institution�hose depas€�.s are insured b�a f�deral ag�nc�,instrumenta�rt�,
<br /> or entity(inc�ud�ng Lender, �f Lender is an institution whose dep�sits are so insured}or�n any Federal
<br /> Home Loan Bank. Lender sha11 apply the Funds to pay the Escro�v Items na ia�er than the time speci��d
<br /> under RESPA.Lender sha11 not charge$o�rarv�r for holding and appl�ing the Fun�.s,annua��y analyzing
<br /> the escro�a�caunt,or�erifying the Escrow Items�un�e�s�ender pay�Borrower interest on the Funds
<br /> and Apptrcab�e La�u permits Lender to make such a charge.Unless an agreement is made in writing or
<br /> Applicabl��.aw requires interest to�e paid�n the Funds,Lender sha11 not be rec�uired ta pay Borrower
<br /> any interest or earnings on the Funds. Borro�ver and Lender can agree�n�rriting,howe�er,that�nter�st
<br /> sha11 be paid on the Funds. Lender shall give to Barro�ver,without charg�,an annual accounting of�he
<br /> Funds as re�uired by RESPA.
<br /> If there is a surptus of Funds held in escr4w,as defined under RESPA,Lender sha�1 accoun�to Borrower
<br /> for the excess fund�in aGcordance wi�h�..ESPA.If there is a sh�rta�e af�unds held.in escro��as�.efined
<br /> uns�er RESPA,Lender shall notify Borrower as rec�uued by RESPA,and Borrower sha11 pay ta Lender
<br /> the amaunt neces�ary to make up the shortage�n accordance with 1�EST'A,but in no more than 12
<br /> mon�hly payments.If there�s a rleficienG�of Funds held i�escr�w,as defined under RES�A,Lender
<br /> sha11 notify Bvrrower as required by RESPA,and Borrower sha��pay to L,ender the amount necessary to
<br /> make up the deficiency in accordance wi�h RESPA,bu�in na more than 12 monthly payments.
<br /> L�pon payment in fu�l vf a�l sums secured by this Security Instrument,Lender shall promptly r�fund to
<br /> �orro�ver any Funds held by Lender.
<br /> 4, Gharges;Liens.B�rrower shall pay a1�taxes, a�sessments,charges, fines, and imposi�ions attributable
<br /> ta the Property which can attain prinrity over this Securi�y Instrument, leasehald payments or ground
<br /> re��s aa�h�Property, if any,and Community Association�u�s,Fees,and Assessments,if an�. To the
<br /> extent that these items are Escrow I�ems, Borro�ver sha11 pay them�n�he mann�r provided in Section.3.
<br /> Borrower sha11 promptly discharge any lien wh�ch has pr�ority over this Security Instrument unless
<br /> Borrower: (a}agr�es in tivri�ing ta the payment of the obligati�n secured b�the��en in a manner
<br /> acceptab�e to Lender,but only so long as Barrower is performing such agreement; �b}contests th� �ien in
<br /> good faith by,or defends against��.forcement of the lien in, Iegal proceed�n�s which in Lenc�er's op�nion
<br /> operate to prevent the enforcement of the tien whil�those�roceedings are pending,but only until such
<br /> proceedings�.re concluded;or(c)se�ures from the ho�der of the lien an agr�ement satisfactory to L�nder
<br /> subord�nat�ng the 1i�n�o this�ecurity Instrument. If Lender�etermines tha�any part of the Proper�is
<br /> subj ect to a�ien vvhich can attain priori�y over this S�curity Instrument, Le�.der may give Borrower a
<br /> notice identifying the lien. Within 1�days of the date on�vhich that notice is given,Borrower sha11
<br /> sa.tisf�the lien or take ane or m�re of th�actians set forth above in this S�ctio�.4,
<br /> 5. Pr�perty�nsura�ce.Borrow�r shall keep�he impr�vements now ex�sting or hereaf�er ere�ted on the
<br /> Property insured against loss by fire,hazards included�vith�n the term"extended coverage,"and any
<br /> other hazards including,but not��nr�ited to, earthquakes and floods, for which Lender requues insurance.
<br /> Th�s insurance shall be main.tain�d in the amounts(inGluding deductible levels)and far the periods that
<br /> Lender�equires. What Lender requires pursuant to the pre�eding sen�ences can change during the term of
<br /> the Laan. The insuranc�carrier providing the insurance sha��be chosen by Barrower subj�ct to Lender's
<br /> right to disapprove Bona�ver;s choice,which right sha11 not be exercised unreasonably. Lender ma�
<br /> require Borrovv�r�o pay, in connection with�h�s Loan,either: �a}a on�-�irne charge for flood�one
<br /> determination,certification and tra�king ser�ices;or�b)a one-time charge for flood�ane d�termin�.tion
<br /> and certification.ser�rices and subse uent�har es each tirne rema pings or similar chan�es aGcur�vhich
<br /> FHA❑eed of T��st With MERS-NE 9130i2414
<br /> Bankers SystemsTti+ VMP C�3 VMP�N�NE}[1546}A❑
<br /> Wolters Kluwer Financial Services Page 6 of 97
<br /> q�33547644�? a233 589 �617
<br />
|