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2� 1 ��5398
<br /> The Funds shall be held in an�nstitution�vhose deposits are insured by a federa�agency, instrumenta.lity,
<br /> or entity(including Lender, if Lender�s an institution whose depasits are so insured}or in any Fed�ral
<br /> Home Loan Bank, Lender shall apply the Funds to pay the Escrow Items no later�ban the tirne specified
<br /> under RESPA. Lender sha11 not charge$orrower for holding and applying the Funds,annually ana�yzing
<br /> the escrow account,or verifying the Escro�Items,unless Lender pays Borrower interest on the Funds
<br /> and Applicable Law permits Lender to make such a charge.Unless an agre�ment is made in writing or
<br /> App�icable Law requires interest to be paid on the Funds,Len�ler sha11 not be r�quired to pay Bortower
<br /> any interest or earnings on the Funds. Borrov�er and Lender�an agree in writing,however,that interest
<br /> shal�be pa�d on the Funds. Lender shall gi�e to Borrawer,withou�charge,an annual account�ng of the
<br /> Funds as requued by RESPA,
<br /> If there is a surplus of Funds held in escrow,as def ned under RESPA, L�nder shall account to�3orrower
<br /> for th� excess funds in aceordance with RESPA. If there is a shortage of Funds held in escrovv,as defined
<br /> under RESPA, Lender sha��notify�arrower as required by RESPA,and Borrovver sha11 pay to Lender
<br /> the amount necessary to make up the shortage in accordance with RESPA,but in no more than 12
<br /> monthly payments. If there is a deficiency of Funds held in e�crow,as defined under RESI�A,Lender
<br /> shall notify�arrower as required by RESPA,and Barro�ver sha11 pay to Lender the amount necessar�r to
<br /> ma1�e up the deficiency in accordance vvith RESPA,but in no more than 12 monthly payments.
<br /> Upon payment in ful�af a11 sums secured by this Security Instrument,Lender sha11 promptly refund to
<br /> Borrower any Funds he ld by Lender.
<br /> 4. �harges;Liens.Bonower shall pay a11 taxes, assessments, charges, fines, and impositions attributable
<br /> to the Property which can attain priority over this Security Instrument, �easehold payments or ground
<br /> rents on�h�Property, if any,and Community Association Dues, Fees,and Assessments, if an�r. To the
<br /> extent that these items are Escrow Items,Borrower sha11 pay them i�the manner provided in Section 3.
<br /> Barro�er shall pramptly dis�harge any�ien which has priarity aver this Security Ins�rument unless
<br /> Borro�ver: (a}agrees in writ�ng to the payment of the obligation secured by the lien in a mann�r
<br /> acceptable to Lender,bu�only so �ong as Borrower is performing such agreementa (b}cantes�s the lien in
<br /> good faith by,or defend�against enfarc�ment of the��en in, 1ega1 praceedings which in Lender's opinian
<br /> operate to prevent the enforGement of the lien vvhile�hose proceedings are pending,but only until such
<br /> proceedings are concluded;or(c}secures from the holder af the lien an agreement satisfac�ory to Lender
<br /> subordinating the lien to this Security Instrument. �f Lender determines that any gart of the Pr�perty is
<br /> subject ta a�i�n which can attain priority over this Security Instrument, Lender may gi�e Borrower a
<br /> not�ce ident�fying the 1ien. Within 1�days of the date on which that notice is giv�n, Barrovver�ha11
<br /> satisfy the lien�r tak�one or more of the actians set forth above rn this See��an 4,
<br /> 5. P ro perty I n s u ra n ce.B�rrower sha11 ke ep the improvements n�w exi sting or hereafter ere�ted on the
<br /> Property insured against loss b�r f�re,hazards included within the term"extended coverage,"and any
<br /> other hazards including,but not limited to, ear�hquakes and flaods, for which Lender requires insuranee.
<br /> This insurance shall b�maintained in the amounts(including d�ductib�e levels}and for the periods�hat
<br /> Lender requires. VL�hat Lender requires pursuant�o the preceding sentences can chang�during the term af
<br /> the Laan. The insuranc�carrier pro�iding the insurance shall be chosen by B�rrower subj eet to Lender's
<br /> right to di�appro�e Barrawer's choice,which right sha11 not be exercised unreasonably. Lender may
<br /> require Borra�ver to pay, in�onnection with this Loan, either: (a}a one-time charge for flood zone
<br /> determination, certificat�an and tracking ser�ices;or(b)a on�-time charge for flood zone determinatian
<br /> and certification ser�ices and subsequent charges each�ime remappings or similar changes occur which
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