2� 1 ��5981
<br /> "ev�e�nant and agre�men�" �s�s�d in�ection�. �f Barrower is ab�iga�ed�o�ay Escraw It�ms directly, pursuant to
<br /> a wai.�ez, aYad Barrower fails to pay�he amaur�t due for an:Escrow It�m, Lender znay ex�rcis�its rights und�r�ec�i�n
<br /> 9 and pay suc� amount and Borrower sha��then�e obligated urider Sec��on 9��repay�o Lender �ny su�h amount.
<br /> Lender may revoke the wai�er as to any or all Escraw�tems at any t�me by a natice gi�en in ac�ordance wi�h S�ctiQn
<br /> 15 and, upvn such rev�ca�ian, Borrovver�ha11 pay to Lender all.Funds, and�n such amaunts, that are then required
<br /> under this Sectiort 3.
<br /> Lender may,a�any�ix�e, co�lec�and�v1d Funds in an am��ux�t�a}suff.cient ta permit Lender to ap�ly the�unds
<br /> a�t�i���.me spec�f ed under R�SPA, and�b}n��t to ex��ed the n�ax�mum arno�fi a�enc��r Gan re�uxre ur�der I��PA.
<br /> �erider s�hall �st�ma��the a�mounf of Fun�s due o��the�aszs of Cu.�-rent data and.reasanable es�ima�es of expendi�ures
<br /> of futu.re�scrovr�Items or otherwis�in ac�ordance wit�Applica�b�e Law.
<br /> The Funds sha11 be held in an ins�itu�ion whose depasits are insur�d by a fed�ral agenGy, instrurnen�ali�y, or
<br /> er�tity [ir��ludin� L�n�ier, ��Lender is an ins�itu�xon whose deposi�s are s� in�ured} or in any Federal Home Loan
<br /> �a�k. Le�der sha����ppiy the Fu.�ds�o pay�he Eser�w�t�x�s�a latier than��he t�me specified und�r RESPA. Ler�der
<br /> sha�l no�charge Bo�•rovve� f�.r holding and apply�ng the Funds, �nr�ua��y an��yz�n��he es�ro�accou.nt, or ver�fying
<br /> �h��scraw Items, unless Lend�r pays Borr�l�ver interest o�th�Funds�d�pplxcab�� �a�permi�s L�nder ta make
<br /> sueh a char�e. Unless an agr�emen��s r�ade�n vvri��n�or�1►pplicable .I�avu requ�res int�re�t�o be paid a,�a the�'unds,
<br /> �endcr s�al�na�be requir�d ta pay�orrvwer any ir�te��st�r���in���n��ie Fund�. Barr�wer and Lender can agree
<br /> ir� ��vri��ng, hov►le�er, �ha� ����rest shal� b�paid on�h� Fun�s. L��d�r sha�.� give�a Bnrrawer, v�rithQu� �harge, an
<br /> annual a�co�nting o�'the:Fu.nds as requi.r�d by RESPA.
<br /> �f ther� is a surplus of Funds held i� escrow, as �efined under RESPA, Lender shall accoun�to Bvrrower for
<br /> the excess fun.ds in accordance with�SP�.. Ifthere is a sh�rtage of:Funds he�d�n escrow,as def�n�d under RES�A,
<br /> Lender shal�no��fy Borravver as re�u�rec�by R�SP.A4, an�Bo.r�-ow�r sha�l�ay to Lender�he am�unt�ec�ssary#o n�aake
<br /> up�he sho.rtage�n accordance w�th RES�'A, bu� in r�o more�han ��mvnth�}�payments. �f ther� �s a def ciency of
<br /> Funds held�n escrow,as d�fuaed�.�ader RESPA, Lender sha�l�nv��fy �arro�rer as re�uired by R�SFA, and Borrower
<br /> shall pay to Lender the amau.�t necessar�to make up�he defic�e�Gy in a�cordance vvith RESPA, l�ut�no m�re�han
<br /> �2 rnonthly pay�en�s.
<br /> LJpon pay�nent in fu��of a�l surns secured by�his Secur�ty Ix�s�-umen�, Lend�r sha11 p�omptly r�fund t�Barr�vv�r
<br /> any Fu�ds he�d by Le�ader.
<br /> 4. Charge5; Liens. Borrower shall pay a�l taxes, assessments, charges, frnes, and impositians attributa�ble to
<br /> the Property which can attain pr��rity o�er �h�s Security �ns�rument, leaseha�d payments or graund ren�s on the
<br /> Property, if any, and�ommunity Ass�ciation Dues, Fees, an�Assessments, if an�. To the exter�t�hat these it�ms
<br /> are Escrow�t�ms, B�rrawer shall pay thern iri the manner pro��ded in Sect�on 3.
<br /> Borrower shall promptly discharge any lien v����h ha.s priarity ouer thi� Security Instrument unless Borrower:
<br /> �a}agrees in�riting to the payn�ent�f�h�abliga�ian secured b�the�iez��n a rnanner acceptab�e to Lende.r�but�n1y
<br /> sa �ong as B�rro�er �s p�rforn�ing such agreer��nt; ��} contests t�le ]ien �n good fai�h by, o� defends agains�
<br /> en.farCement�f the l�en in, �e�al proceedings which�.n�.er�der's�pin�on op�rat�to pre�ent th�er�f�r�ement�f the 1ie�
<br /> v�hile tihase proceedings ar�p�nding, bu�a�.�y u��il �uch prac�eding�are c�n�luded; or �c} secures from�he ho�der
<br /> of�he iien an agre�men� satisf�ctory t� Lend�r suborc�in�ting �he li�.n to �his SeGuri�y Ins�ru�nen�. �f Lender
<br /> d���rmr�aes that any part of th�Property �s sub�ec��o a lien wh�c� can attain pri�rity o�er this S�curi.ty Instrumen�,
<br /> �,ender m�y g�v+e�3arra�ver a nati�e ider�tif�ing the �i�n. V�ithin 1� d�y��f�he da�e on which�hat nati�e is gi�en,
<br /> Bor�-pw�r s�aall sa�isfy t�he�ien�r�a�Ce o�e or more af�h�a�ti�r��s��for�h above xn�his Section 4.
<br /> Lend�r may require�orrowe�r to pay a one�t�m�cha�•ge for�.real.���at�tax�erifi�ation andlor repor�ing ser���e
<br /> used.by Leiader in connection w��h�h�s Lvan.
<br /> 5. gr�perty Insur�nc�. Bor,._rawer sha�� keep th� i��pr�v�mez�ts nvw e�is�an� Qr her�af�r erected o� the
<br /> Pr�pe.r�insur�d against��ss�by fire, �aa�ards included vvi���n�h��erm "ex�ended��v�rage," ar�d any��h�r hazarc�s
<br /> �nc�ud���, bu�nat�im��ed�o, ear�hquakes�nd f�a�ds, f�r�hic��.er��er r+�qu�res insurance. This��s�ran�e shal�be
<br /> main�a�ned �n �he arr��unts ��nc�ud�ng deduc��ble le�el$� a�d far the period�s ��al: Lender reau�r�s. �ha� Lender
<br /> requires pursu�.nt to the prece�.ing sen�ences can change during the terrn�f�he�van. T`h�insurance�arri�r pro�id�ng
<br /> the insurance sha11 be c�ia�en by Borrower su��ect ta Le�der`s right�a dis�ppro�e Borrower's ehoi�e,v�hich right shal�
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