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2� 17���85
<br /> Lender may, at any time, collect and hald Funds in an amount�a}suffic�ent to permi�Lender ta apply the Funds
<br /> at the time specified under RESPA, and�b}not�o exceed the max�mum amount a lender can requ�re under RESPA.
<br /> Lender shall es�imate the amou.nt af Funds due on the basis of current data and reasonab�e es�imates of exper�ditures
<br /> of future Escrow�tems or otherv�ise in accardance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentiality, or
<br /> e.ntity �including L�nder, if Lender �s an institutian whase dep�sits are so insured} �r in any Federal Home Loan
<br /> Bank. Lend�r shall apply�he Funds to pay the Escro�nr Iterns n�1a�er than the time specified under RESPA. Lender
<br /> shall not�harge Borrovv�r for holding and applying the Funds, annual�y analyTing �he escrow account, �r�erifying
<br /> the Escrow Items, unless Lender pays BarrovWer interes�on the Funds and Applica�le La�v permits Lender ta make
<br /> such a charge. Unless ar�agreemen�is made in writing or Applicab�e Law r�equires interes�to be paid on the Funds,
<br /> L.ender sha11 not be required�a pay Borrower any int�rest or earnings on the Funds. Borrower and Lender can agree
<br /> xn wri�.i.ng, howe��r,that interest s�al1 be p�id on the Funds. Lender shal�gi�e to Borrower,wi�hou�charge,an annua�
<br /> accounting of the Funds as requ�red hy RESPA.
<br /> �f the�e is a surplus�f Funds held in escraw, as defined und�r RESPA, Lender shal� accoun�to Borrower for
<br /> �he excess funds in accordan�e with RESPA. :If there is a shortage o�Funds he�d in esc.r�w,as defr�ed under RESPA,
<br /> L�nder sha�l no�ify��rravver as.required by 1RESPA, and Borr�wer shall pay to Lender�h�amount necessary to make
<br /> up �he shor�age i.n accordance with RESPA, bu� �n no more�han �2 month�y payments. If there is a deficiency of
<br /> Funds�eld in escrovv, as defned under:R�SPA, Lender shall�otify Borr�wer as required by RESPA, an�Borrower
<br /> sha11 pay ta L�nder the am�u.nt necessary to make up the deficiency in acc�rdance with RESPA, but in no mare than
<br /> 1� m onthly paym ents.
<br /> Upon payment in full of a11 sums secured by�his Security I.nstrum�nt, Lender sha11 promptly refund tfl Borrower
<br /> any Funds held by Lender.
<br /> 4. �narges; Liens. Bo.rrower shall pay a�l taxes, assessments, charges, fnes, and impositions at�-ibutabXe to
<br /> �he Property which can attai.n priarity o�er this Security Instrument, leasehold pa�ments o.r gr�und ren�s on the
<br /> Praperty, if any, and C�mmuni�y Associa�ion Dues, Fees, and Assessments, if any. To the ex�ent that�hese items are
<br /> Escrow�tems, Bor.rower shal� pay them in�he manner provided in Section 3.
<br /> Borrower shall promptly discharge any lien which has pri�rity o�er this S�curity Instrurnen�un�ess Borrower:
<br /> �a}agrees�n wri��ng ta the payment of the obligat�on secured by th�lien�n a manner acceptable ta Lender, but on�y
<br /> sa long as Barrower is perform�ng such agreemen�; �b} contests the Iien in good fa�th by, or defends against
<br /> enforcemen�of the lien�n, legal proceedi.ng�which in Lender's�pinion operate to pre�ent the enfarcement of the lien
<br /> while th�se proceedings are pending, �bu�o.n�y un�i� such proceedings are conc�uded; or �c�secures from the halder
<br /> af the lien an agreernen�satisfacto.ry to Lender subordinating the��en to this Security�nstrument. �f Lender determines
<br /> that any par�of the Praperty is subjec��o a lien whxch can attain pr�ority aver this Secur�ty Instrurnent, Lender may
<br /> gi�e Borrower a noti�e identifying the lien. VWithin 1 D days of the date on which that n�tice is gi�en, Bor.rower shall
<br /> satisfy the 1�en vr take�ne or more af�he acti�ns set fnr�h ab��e �n this Sectian 4.
<br /> 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected ar� the
<br /> Proper�y �nsured agarns��oss by fire, ha2ards included within the term "extended coWerage," and any other hazards
<br /> �ncludi.ng, but not l�r�i�ed��, earthquakes and fload�, for vWhich Lender requires insurance. This insurance s�ia11 be
<br /> mainta�ned in the amoun�s�i�cluding deduc�xb�e leve�s}and for��h�periods that Lender requires. �]Vhat Lender reQuires
<br /> pursuan� to the preceding sentences can change durin.g �he term of the Loan. The �nsurance carrier pro�iding �he
<br /> in�urance shall be chosen h�Borrovver subject to Lender's r�g�t to disapp.rove Borrower's choice, which right shall
<br /> no� be exerc�sed unreasonably. L�nd�r may require Borrower �o pay, in connectian with this Laan, either: �a} a
<br /> one-time charg�far flood zone determi.na��on, certifcation and track�ng s�rvices; or�b}a one-time charge for fload
<br /> zone de�erminat�on and certif catian services and subsequen�charges each tim�remappings or similar char�.ges accur
<br /> which reasonably might affe�t such determinati�n or��rtif ca�ion. BorrovWer shal�also be respons�ble for the payment
<br /> af an}�fees�mposed by�he Federa�Emergency Management Agency�n�onnect�on vvith the re�iew of any flood z�n�
<br /> detier.minatxon resulting fro�n an objec�ion by BorrovWer.
<br /> If Borrower fails tio rnainta�n any of the co�erages described above, Lender may obta�n insurance caverag�, at
<br /> Lender's option and Borrower's expense. Lender is under na abligation�o purchase any particular type or amount
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