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2� 1 ��8282
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<br />� Secti�n 9. If Borrower is obligated ta pay Escrow�tems dire�tly,pursuant tv a v�aiver,and Barro�er
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<br /> fails ta pay�he amourit c�u�for an Escrow Item,Lender may exercise��s rights unc�er Section 9 and
<br /> pay such am�unt and Barr�wer shall then be vbligated under Section 9��repay ta Lender any such
<br /> amaunt. L.ender may rev�ke the waiver as to any ar a11 Escrow Items a�any time by a nvtice given in
<br /> accordance with Sectian �.5 and,upon such rev�cation,Borrower shal�pay to Lender a�I Funds,and in
<br /> such amounts,that are�hen required under this Section 3.
<br /> Lender may,at any time, collect and hold Funds in an amount(a�sufficient to permit Lender to ap�ly
<br /> the Funds at�he�ime specified under RESPA,and(b�nat to�xceed the maximum amount a lender
<br /> can require under RESPA. Lender shall estimate�ie amount of Funds due an the basis of current data
<br /> and reasonable estimate s�f expenditures af future Es�raw Items ar otherwise in accordance with
<br /> l�.pplica�le Lav�.
<br /> The Funds sha��be held in an institution whose deposi�s are insurec�by a federal agency,
<br /> instrurn.enta��ty, ar entity �inc�uding Lender,if Lender is an ins�itu�ion whose deposits are s❑insured)
<br /> or in any Federa�H�me Loan Bank. Len�er shal�app�y the Funds tn pay the Es�raw Items na Iater
<br /> than the time spec�fied under RESPA. Lender sha��not�harge Barrflwer fvr h�iding�nd ap�lying�he
<br /> Funds,annua��y�naly�ing#�ie�scrow accaunt,ar verifying�ie`Es�r�w Items;�n�ess�Lender p�ys
<br /> ��rrower interest on the Fun�s and App�i�able Law permits Lend�r ta make such a charge.Un�ess an
<br /> agreemen�is mad�i�n writing ar App�icable Lav�requires interest t�b�paid an the Funds,Lender sha�l
<br /> not b�required t�pay Barrawer any interest or earnings an the Funcls. Borrower and Lender can agree
<br /> in writing,hawever,tha�interest sha��be paid on the Funds. Lender shall g��e ta Borrawer,without
<br /> charge,an annual accaunting of the Funds as require�.by RESP1�.
<br /> If there is a surplus of Fu�nds hel�in escrvw,as defined under RESPA,Lender sha11 account to
<br /> Borr�wer for the excess funds in aecordance with RESPA.If there is a shortage of Funds held in
<br /> escraw, as�efine�under RESPA,Lender sha11 natify B�rrower as re�uired by RE�FA,and Borrower
<br /> sha11 pay t�Lender the amount necessary to ma1�e up the shortage in accardance with RESPA,but
<br /> in no more tehar► 12 monthly payments. If th�re is a�leficiency of Funds held in escrow,as defined
<br /> under RESPA,Lender sha11 natify Borrawer as required by RESPA,and Barrawer sha11 pay��Lender
<br /> the amount necessary to make up the deficiency in accordance wit�i TtESPA,but in no more than I Z
<br /> m�nthly payments.
<br /> Upan paymen�in fu�l of a��sums se�ured by th�s Security�nstrument, Lender sha11 prompt�y refund to
<br /> Borrower any Funds held by Lender.
<br /> 4. Char�es; Li��s. �orrower shall pay a�l ta.xes,assessments,charges,fines,a,nd impos�ti�ns
<br /> attributable to the Property�hich can at�ain priarity aver this Secur�ty Instrument,�easeh�ld payments
<br /> or ground rents on the Property, if any, an�i Community Ass�ciati�n Du�s,Fees,and Assessments,if
<br /> any. To the extent that�hese items are Escraw Items, Borrvwer sha��pay them�n�he manner pravided
<br /> in Section 3.
<br /> Borrvwer sha11 promptly�lisch�rge any lien whi�h has pri�rity over this S�cur��Instrument unless
<br /> .,.:
<br /> B�rrov�er: (a�agrees in writing tv the payment of the obligation secured by the�ien in a manner
<br /> acceptab�e to Lender,but only sa�ong as Borro`�er is perforrning such agreement;(b}�vntests the lien
<br /> in g��d faitri by,�r defends aga�nst enforcement of the lien in,legal proceedings which in Lender's
<br /> apinion apera�e�a prevent the enf�rcement�f the lien while those pr�ceedings are pending,but
<br /> flnly until such praceedings are concluded;or(c) secures frorn the haider af the lien an agreement
<br /> satisfact�ry t�Lender subardinating the l�en t��his Secur�ty�nstrumen�. �f Lender�et�rmines that any
<br /> part vf the Praperty is subjec�ta a lien whi�h can attain�riarity vver�his Security Instrument,Lender
<br /> 8(126fi56fi�3
<br /> IVEBRAS�{A-5it�gle Family-Fannie MaelFreddie Mac L1NfF�RM INSTRUMENT Form 3�28 1101
<br /> V M P� Qfi12Q 1�
<br /> Wal#ers Kluwer Financial 5ervices 2�1611281�.1.3.3621-J2D1S�$25Y Page 5 of 17
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