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2� 1 ��7�88 � � ' r � � � r i Y under fihis Sectian 4.E. Lender may, a� any t�m�, collect and hold Funds in an �.moun� �a} sufficient-to p�rmit Lender to app�y the Funds a��he time specif ed under the Real Estate Settlemen�Pracedures Act�"RE�PA"}, and �b) not to exc�ed the maximum amount a lender can require und�r RESPA, Lender shall estimate the amount of Funds due on the basis of current data and reasonab�e estirna�es af expenditures af future Escrow Items or otherwise in ac�ordance with appticable law. The Funds shalt be held in an institut�an whose depo�its are insured by a f�deral agency, instrumenta�iiy, or �ntity �including Lender, if Lend�r is an ins�ituti�n �vhose depasits are so insured}nr in any Federal Hame Loan Bank.Lend�r sha�l apply�he Funds to pay the Escrow Items na later than th��im�specif ed under RESPA.Lender shali not charge me for holding and applying the Funds, an.nually analyzing the �scrow accoun�, or �erifying the Escrow Items, unless L�nder pays me interest on the Funds and applicable�aw permits Lender to malce such a charge. Unless an agreernerit is rnade in writing or applicable Iavv requires interest to be paid on the Funds, Lender shall not be reyuired to p�y me any interest or earn�ngs on the Funds. Lender and I can agree in writing, h�vv�Wer,�hat interest shall be paid on the Funds.Lender shall pro�ide me,withau�eharge, an annual accaunting of the Funds as required by RESPA. If there �s a surp�us of Funds he�d in escrvw,as define�l und�r RESPA,Lender shall acc.ount ta me fvr the excess funds in accordance with RESPA. If there is a shortage of Funds heid in escrow, as defined under RESPA,Lender sha11 notify me as required by RESPA,and I shall pay to Lender the amount necessary ta make up fhe shortage in accordance with RESPA, �ut in na more than 12 month�y payments. If there is a def ciency of Funds held in escrow, as deftned under RESPA, Lender shalt natxfy me as required by RESPA, and I shall pay to Lender the amount n�c�ssary to make up the deficiency in accordance with RESPA,but in na more�han 12 monthly payments. Upon payment in full af all sums s�cured hy th�Loan Documents,Lender sha11 pramptly refund to me any Funds held by Lender. D. If the Borrowers balance has been reduced as a result of this new Agr�ement, it is und�rstood that �ny credit life,accider�t and health,and involuntary unemploym�nt insurance written in connection with this �oan has �aeen cance�led, a�nc� that any refund af unearned premiums or charges mad� because of the can�ellation of such credit insurance is refl�cted in the amount due under this Agreement.Ex.cept�nn: In the state of California,Life,A&H,and IUI insurance must be cancelled, w�th refunds applied to the account pri�r to entry of the seitlement transacfion,ev�n though there is no reduction in balance as pa.rt of the seitlement. E. �f this loan has "Monthly Add-�n Prernium" Credit Life or �redit Accident & Health Insurance co�erage, it is understnod and agreed that the Borrawers acceptance of this Agreement will result in th��ancel�at�on of the abo�e-menfianed insurances. F. If the Borrvwer's home owners insura.nce should lapse,We�ls Fargo Home Mortgage reser�es the righ��o place Lender Placed Insurance (LPI} on the accoun�. �f LPI is pla�ed on the account the monthly payment could in�r�ase.AlI ather terms of the modif cation Agr�ement will not be affected by�he LPI and will remain in effect with accordance fi�this Agreement. �. If a�l or any part of the Property or any interest in the Property is sold or transferred�or if Borrawer is no�a natural persan and a b�neficial interest in�orrawer is sald or transferred��vithou�Lender's prior written consent, Lender may require immedia�e payment in full of a11 sums secwed b}� th� Loan Documents. If Lender exercises this option, Lender shall gi�e Borrvvver norice of acceleration. Th� notice sha�l pra�ide a period�of not less than 30 da�s frorn�he date t�� n�t�ce is Welis Fargo Custom Non HAMP�$2�2016_36g 936��II��ID�I��I�� � Page 5