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<br /> any, hes been re�oked, and I ha�e be�n advised of the arnount needed tv ful�y fund my �scrow
<br /> ac�unt. -
<br /> E. Funds fvr Escrow Items. I wi 11 pay to Lender on the day payments are du� under the Loan
<br /> Documents as amend�d by this Agreement, until #he Lvan is paid in ful�, a sum (the iiFund�"�tv
<br /> pro�id�for payment vf amaunts due f�r: (a}�axes and assessments an�l other items which can attain
<br /> priarity a�er the Mvrtgage a.s a lien or encumbrance on the Prvpe�; (b} less�hv�d payments or
<br /> ground r�ents on the P'coper�r, if any; �c} premiurns for any and all insurax�ce required by Lender
<br /> under the Loan Do�uments; �d� mortgage insurance premiums, if any, ar any swns payable �
<br /> L�nder in lieu o�'trie pa�ment of mortgage inswr�nce premiums in �ccordance with the L�an
<br /> D�cument�;and f e�any corr�munity assacia�ion du�s,fees,�nd ass�ssrn�nts that Lender requir�s to
<br /> be escrawed.These�tems ar�called"Escrow Items." I shall promptl�f�rnish#o Lender all notices
<br /> �f amaunts to be paid und�r this section. I sh�ll pay Lender the Fun� far Es�row Items unl�ss
<br /> Len�er wai�es my obli�ati�n f�pay the Funds for any or a�l Escro�v i��ns.Lender may wai��my
<br /> abligatiQn tQ pay ta Lenc�er�unds for any or all Escrow Items a�an�time.A.�y such waiver may
<br /> anl�be in writing. �n t��e�er�#of such waiver, I shall pay directly, ��i�n�nd where pay�ble,the
<br /> amounts due for any Escr��rr�fi�ms for which payznent of Funds has be�n wai�ed by Lender an�,if
<br /> Lender requires, shall f�rn�s�to Lender receipts e�idencing such pa�me�t wtthin su�h hm�perio�
<br /> as Lender may require. �I�r�bligatian to make such p�yments and tv�r�v�ide r{ec�ipts sha�t for all
<br /> pv�rpas�s be deemed to �e � co�enant and agreement contai ned in t�e Laan �acuments, as the
<br /> phrase"cavenant and agreem�nt" is used in th�Loan Docwnents.If I a�n ab�igated to pay Escr�aw
<br /> I�ems directly, pursuant t� a fxa��er, and i fail to pay the �maunt�u�fvr an Escraw Item,Lender
<br /> may exercise its righ�s ur���r�ie Loan Documents and this A�re�m�t and pay such amount and I
<br /> shall th�n be obiigated��re�ay to Lendec any such amount. Lend�r r�nay re�ak�th�wai��r�s ta
<br /> any or all Escrow Items�t aEr��r time by a noti�e gi�en in accordance�ith the Loan Documents,and,
<br /> upa�a such re�ocatiQ�,I s��l pay tv Lender�II Funds, and in such arr�aunts,that are the�r�yuir�d
<br /> � under this sec�ion.
<br /> Lender may, at any time, cvilect and hold Funds in an amaunt {a� sufficient to p�mit Lender to
<br /> app�y the Funds a�the time specified under the Real Es�ate Sett�emen#Proce�ures Act�"RESPA"),
<br /> and (b] nv# to exceed the maximum amvunt a lender can require under RESPA. Lender sha11
<br /> est�mate t,he am�unt of Funds due on the basis of current da�a and reasonable estimate.s of
<br /> exp�nditures�f futur�Escrow Items or otherwis�in accord.ance w��h app�icable law.
<br /> The Funds shall �e held in an institution whose deposi�s are insured by a federal agency,
<br /> instrumentality, ar entity �including Lender, if Lender is an institut�on whose deposits are sa
<br /> insw�ed)or in any Federal H�m�Laan B ank.Lender shall apply the Funds t�pay t�e Escrow�tems
<br /> n�later than the time speci�ied under RESPA.L�nder shall nvt charg��ne f�r hold�ng and app�ying �
<br /> �he Funds, anr�ually analyz�ng#he �scr�w accaun�, or �erifying the Escrow Items, u�aless Lender
<br /> p�ys m�i�t�r�st an the Funds�nd applicab�e law permits L�nder ta��kk�such�charge.U�n�ess�n
<br /> ag�reement is made in writing ar app�i�ab�e law requires interest to b�paid on the Funds, Lender
<br /> sha11 nat be required to�a�r me any inter�st or earnings nn the Fun�s. i.ender and I can agree �n
<br /> writing,however,that inter��t shall be paid an the Funds.L�nder shal�pro�ide m�,wi#hout charge,
<br /> an annual accounting of th���.nds as r�qe�ired by RESPA.
<br /> If th�r+e ��a surplus of�un�s hetd �n escrow,as d�f�ned under RES�'�,i,ender shall a�cc�unt to me
<br /> f�r the excess Funds in accard�.nc�with RESFA. �f there is a shvr�g��f Funds held in escr�w,as
<br /> defined und�r RESFA,I�ender shall notify me as required by RESP�,mnd I shall pay to Lender the
<br /> amount nec�ssary tfl m�c� up the shortage in accordance with it�S�'�, but in no more than 12
<br /> �ells Fargo Custom FHA Home Afford�.bIt�vdifir„etivn Agreement ��g�������������
<br /> 1�152415 4��
<br /> Pa�e 5
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