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2� 17� 1458
<br /> The Funds sha�l be held in an institutian�hose depa�its are insured b� a federal agency, in�trumentali�y,
<br /> or entity �including Lend�r, if Lender is an institution ��rhase depasit� are s� insured� or in an� Federal
<br /> Home Laan Bank. Lender shai� apply the Funds to pay the E�cr��� Items n� �at�r lhan t�i� time�pecif i�d
<br /> under RESPA. Lend�r shall not charge Barr��ver for halding and applying t��e Funds, a�inuall�r ar�a��zing
<br /> t��e escr��n�account, or verifying the Escro�v I�em�} unl�ss Lender pays ��rr�tiv�r interest an the Funds
<br /> and Applica�le Law permits Lender to �Ylake �uch a charge. Un�e�s an agreement is made in writing or
<br /> Applicahle Lav�T requires inter�sf t� b� paid on t��e Fund�, Lend�r shall n�t be requir�d ta pay Borro�er
<br /> any intere�t�r�arnings �n the Funds. Barrav�er an� Lender �an a�ree in�vrif�n�, ho�vever, �hat interest
<br /> sha1� be paid on th� Funds. Lender shal� gi�e ta Borrotiver, tiwith�ut charge, an annual a��ounting vf t�re
<br /> Funds as required hy RESPA.
<br /> If there i� a surplus �f Fund� held in es�raw, as defined un�er RESPA, Lender stiall aecaunt t❑ �orrawer
<br /> far the exce�s funds in a�cordance�ith RESPA. If fhere is a shartage of Funds held in escra��, as de�ined
<br /> under RESPA, Lender sha1� natify�arrower as requir�d by RE�PA, and Bvrro��rer shall pa� to Lender
<br /> ���e amount necessar��o make up the shortage in a�c�rdance �vith RESPA, but in n❑ mare than 1�
<br /> monthly payments. If th�re is a de�icienc� of Fund� held in escr��v, a� de#�ned under RESPA, Lender
<br /> �hal1 nntify Barra�rer as required hy RESPA, and Barr��ver�hall pay to L�nder the am�unt necessar� �a
<br /> make up th� defici�nc�in accordance with RESPA, but in no mare than 1� manthl�r pa�rmen�s.
<br /> Upan payment in full of all sum�secured b� this Security Instrument, Lender sha�l promptly r�fund ta
<br /> Borro�rer any Fund� held b�Lend�r.
<br /> 4. �harges, Liens. Barrower sha�l p�� all tax�s, assessm�nts, charges, fines, and impos�tions attrihutabl�
<br /> to the Property�r�ii�h can attain privrit�over this 5e�urity Insirum�nt, leasehold payments ar gr�und
<br /> rents on �he Propert�, if any, and C�mmunity Assa�iat�on Dues, Fees, and A�se�sments, if an�r. T� t�ie
<br /> extent �hat the�e it�ms are Eserow Items, Borroti�rer sha11 pay them in th� manner pro��ded in 5ee�i�n 3.
<br /> Borrower�hall pr�mntly di�eharge any l�en w��ic�t �ias priority over this Security�nstrument unless
<br /> �orra�ver: �a) agree� in writing ta the p�yment of�he ❑t�ligatian secur��i �y t�ze l�e�i in a mann�r
<br /> ac�eptab�e to Lender, but only s❑ long a� Barrotiver Ys performing such agreement; �b} cvntest� th� iien in
<br /> goad faith by, or defends again�t �nfor�ement of t��e lien in, legal �roce���ings �v��ich in Lender's opinron
<br /> operate to prevent the enforcement of the �ien whi�e those praceedin�s are pending, but�nl�until �uch
<br /> praceedings are concluded; ❑r �c� secrrres fram t�le holder af the Iien an agre�ment satisfactory ta Lender
<br /> sub�rdinating t�te lien t❑ t��is ���urit� Instrument. �f Lender determines t��af any par� af t�ie Prapert� is
<br /> su�je�� t❑a �ier�����1ich can attain priorit�r o�ter this 5ecurily In��rxrment, Lender may give Borr��rer a
<br /> notice identif�ring the li�n. �Vithin 1� days of the date ori�v�Yic�� t�ia�natice is given, �orrotiver s��all
<br /> �atisf� the lien or tak� �ne ar m�re �f�he act�ans set for#�1 abo�e in this 5e�tian 4.
<br /> a. Property [nsuran��. Barrower s�iali keep tl�e improvements na�v existing ar��ereafter erected�n t�Ye
<br /> Praperly insured �gainst loss by fire, �iazards in�luded within ttie term "extended coverage," and any
<br /> other hazards including, but not limited to, earthquakes and flaods, for�vhich Len�er r�quires insurance.
<br /> This insurance shall �e maintained in t��e amaunts (including dedu�tible le��ls� and for the peri�ds that
<br /> Lender require�. �lhat L�nder requires pursuant ta the preceding sentences ean change during the term of
<br /> the Loan. The insurance�arrier prv�riding t��e Ynsuranee shal�be ���osen b� Barr�wer subject#a Lender'�
<br /> right to disappro�e Bnrra��ver's choi�e, �Thic�Y right sha�i not be e�ercised unreasanably. Lender ma�
<br /> require Borrower�o pa�r, in�annectivn with thi� Laan, eit��er: �a} a one-t�me charge far flaad 2�ne
<br /> determinatiQn, �ertificatian and tra�kirlg serti�ice�; or �h} a �ne-time ��iarge far flaad zane determinati�n
<br /> and certif icaii�n ser�iee�and sub�equent �har��� ea�h time remapping� �r simi�ar c�ianges occur whic��
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