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2� 17��599
<br /> The Funds shall be held in an institution�vhose depasits are insured by a federal agency, instrumenta�ity,or
<br /> entity(including Lender, �f Lender is an institutian whose deposits are so insured)ar in any F�deral Home
<br /> Loan Bank.�ender�ha�l app�y t�e�un�s to pay the E�craw�tems no later than the time speci�ed under
<br /> RESPA, Lender shall not charge Borrower for holding and apply�ng the Funds,an.nualiy anaiy2�ng th�
<br /> escraw account,or�erifying the Escrow Items,unless Lender pays Borrower interest an the Funds and
<br /> Applicable Law permits Lender to make su�h a charge.Uniess an agr�ement is made in�vriting or
<br /> Applica�le Law requires interest to be paid on�he Funds,Lender sha11 not be requ�red to p�y Borra��r any
<br /> inter�st or earnings on the Funds.Borro`u�r and Lender can agree in writing,hawe�er,that interest shall be
<br /> �aid on the Funds. Lender shali give to Borrower,without charge,an annual ac�ounting�f the Funds as
<br /> required by RESPA,
<br /> �f there is a surplus of Funds held in escr�w,as defin�d uader RESPA,Lender shall account ta Barrower for
<br /> the excess funds in ac�ordance with RESPA. If there is a shortage of Funds held in escrow,as de£'ined under
<br /> RESPA,Lender shail notify BQrrower as required by RESPA,and Borrower shalt pay to Lender the amount
<br /> necessaxy to make up the shortage in accordance with�SpA,but in tta mare than ��manthly pay�nents. If
<br /> there is a deficiency of Funds held in escro�,as defi�ed under RESPA,I�ender sh�ll notif�$orrvwer as
<br /> requ�red by RESPA,and Borrower sha�l pay to Lender the amount necessary to make up the defi�iency in
<br /> accordance vwith RESPA,but in no mare than ��monthly payments.
<br /> Upon payrnent in fu�l of al�sums secured by th�s Se�urity Instrurnent,Lender shal�promptly refund to
<br /> Borr�vver any Funds held by Lender.
<br /> 4. Charges;Liens.Barrower sha�l pay al�taxes, assessrnents,charges, fines, and impositions attri�u#able to
<br /> the Property which can attain priority aver this 5ecurity Instrument}Ieasehold payments�r ground rent5 on
<br /> �he Property, if any,and Cammunity Associativn Dues,Fees,and Assessments, if any.To the extent that
<br /> these items ar�Escrow It�ms, Borrower sha11 pay them in the manner provided in Section 3.
<br /> �orrower sha11 promptly dis�harge any Iien which has priarity auer th��S ecurity Instrument unless
<br /> $orrower: [a)agrees in writing to the payme��of the obligatian s�cured by the lien in a manner acGeptable
<br /> ta Lender,but only so long as Borrower is p�rforming such agreement;(��contests the lien in good faith by,
<br /> �r defends agains�enforcemen�of the �ien in, legal proceedin�s which in Lender's opinion op�rate to�re�ent
<br /> the enforcemen�of the lien�uhite those procee�ings are pendiag,but only until such proceedings are
<br /> concluded;or(c�secures from the ho�der of the Iien an agreement satisfactory ta Lender subordir�ating the
<br /> lien to this Security Instrument. If Lender determines that any part af the Prop�rty is subject to a lien which
<br /> can attain priarity over this Security Iastrument,Lender may�iv�Borrower a notice ident�fying the lien.
<br /> '�l►�'ithin ��days of the date an�vhich that notic�is given,Borrower shall satisfy the lien or take one or mare
<br /> of the actions set forth abowe in this Sec�ion 4.
<br /> Lender may require Borrower to pay a one-time charge for a real estate tax�erification andlor reporting
<br /> service used by Lender in connection with this Loan.
<br /> 5. Praperty Insurance.Bvrrower sha11 keep the improvements now existing or hereafter erected on the
<br /> Property insured against los�by fire,hazards included�vithin the term"extended ca�erage�"and any ather
<br /> hazards including,but not limited ta,earthquakes and floods, for which Lender requires insurance. This
<br /> insurance shatl be rnainta.ined �n the amoun�s(includiag deductible�e�els}and�or the peri�ds that Lender
<br /> requires. VL�hat Lender requires pursuant to the preceding sentences can change during the term of the Loan,
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to
<br /> disappro�e Borrower's choice,which right sha�l na�be ex�rcised unreasonably. Lender may require
<br /> Borrower ta pay, in c�nnectia�a�vith this Loan, either: (a)a one-time charge f�r f��ad zone deterrnina�ian,
<br /> certification and tra�king ser�ices;or�b)a one-time charge for flood zon�determina�ion and certifi�at�an
<br /> NE6RA5}CA-Single Family-Fannie Mae�Freddie Mac UNIFQRM INSTRUMENT WITH MERS Form 30Z8 1141
<br /> VMP� VMPBA�NE}�13UZ}.4Q
<br /> Wol#ers I{��wer Financial 5ervi�es Page 6 af 17
<br /> q 336 g591 Q�33 343 bl
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