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2� 17� 1 �� 1
<br /> The Funds sha1l be held in an institution whose deposits are insured by a federal agency, ins�rumenta.lity,
<br /> of e�.trt�(�r�c�ud��.g Le�.de�, zf Lender�s an�nst�tut�on vuhose de�osits are sa �nsured�or in any Fe�leral
<br /> Home Laan Bank. Lender shall apply the Funds to pay the Escraw Items no later than the tirne specified
<br /> under R�SPA.. Lender s�a1�no�c�arge Borra�ver far ho�d�ng and app���ng�he Ft�nds,annua��y ana�y��ng
<br /> the escrow account,or�erifying�he Escrovv Items,unless Lender pays Borrow�r interest on the Funds
<br /> and Applica��e Law permits Lender to make su�h a charge. Un��ss an a�reemen�i�made in wrYtrng or
<br /> Applicable La.w requires interest to be paid on the Funds, Lender shall not be r�quu'ed to pay Borrower
<br /> any interest or earnings�n tbe Funds. Borrower�.nd�.ender can agree in writing, howe�er,that interest
<br /> sha11 be paid on the Funds. Lender shall gi�e to Borro�ver,without charge, an ann.ual a���unting of th�
<br /> Funds as required by RESPA.
<br /> If there is a surp�us of�'unds he�d�n escro�r,as d���.ed und�r RESPA, Lender sha��account ta Borrow�r
<br /> for the exces�funds in accordance with RESPA, If there is a shorta�e af Funds held in escrow, as defin�d
<br /> under RESFA, Lender sha��nati��orrower as req��.red b���SPA, and$��ro�er s�a��Fa�to Lender
<br /> th�amount necessary t�make up the shortage in accordance with RESPA,but in no more than 12
<br /> mon��ly payments. �f t�iere is a defiei�ncy of Funds he�d in escrflw, as defirxed under RESPA,Lender
<br /> shall notify Borrower as requu-ed by RESPA, and Borrower shali pay to Lender the amount necessary to
<br /> make up the defici.ency in accordan�e with RES��,but in no mor�than I�month�y pa�ments.
<br /> Updr�payme�.t�n fu��of a��sums secured b�this Secur�ty�nstrument, Lender sha�l promptly refund to
<br /> Borrower any Funds he�d by Lender,
<br /> 4. Gharges;Li�ns.�orrower shall pay all taxes, assessments, charges, fines, and impositiQns a�tributabl�
<br /> to the Property which can attain priority aver this Security�nstrum�nt, �easehold pa�ments ar ground
<br /> rents on the Propei-ty, if any,and Cammunity Association Dues, Fees,and.�ss�ssments, if any. Ta the
<br /> extent that th�se items are Escrow Items,Bonower sha11 pa�them in the mann�r pro�ided in Section 3.
<br /> Borro�ver sha11 pr�mptly discharge any lien which has priority over this Security Instrument unless
<br /> Borrower: (a}agrees in writing to the payment of the obligation secured by the Iien�n a man.ner
<br /> acceptable to Lender,but only so long as Borrower is performing such agreement; (b}�cantests the lien in
<br /> good faith by, or defends against enforcement af the lien in, lega�pro�eedittg��vhich i�.Lender"s opinion
<br /> operate ta prevent the enfarcement of th�lien�vhile those proceedings are�endir�g,but only until such
<br /> pro�eedings are cancluded;or(c}secures from the holder of the lien an agreement satisfactary to Lender
<br /> subordinating the lien to this Security Instrumeri�. If Lender determines that any par�of the Property is
<br /> sub j e�t t�a lie�whi�h�an atta�n priarit�o�er this Security Instrument, Lend�r rrxay gi�e Borrawer a
<br /> natice identif�ing the lien. Within 1�da�s of the da��on which that notice is gi�en, Barrower sha�l
<br /> satisfy�he lier�or take one or m�re of the actions set forth abo�e in this Section 4,
<br /> 5, Property�nsurance.Borrower sha11 keep the impravements now existing or hereafter erected on�he
<br /> Property insured a�ainst�oss by fire,hazarc�s included�vithin the term"ext�nded coverage,"and any
<br /> oth�r h��ards including,but not limited to, earthquakes and floods, for which Lend�r requires insurance.
<br /> This insurance shall be main�tained in the amounts�iricluding deductible 1e�els}and for the p�riods that
<br /> Lend�r requires. What Lender requires�ursuant to the precedin�sentences can change during the term of
<br /> th�L�an, The insuran�e carrier providin�;th�insu�-a�ce s}�a11 be c�osen by Borrowe�subject to Lender's
<br /> right to disapprove Bonovver's choice,which right sha11 na�be e�erc��ed unreasonabiy, Lender may
<br /> require Borro�er to pay, in cannection with this Loan, either: �a)a flne-time char�e for flaod zone
<br /> deter�nination,�ertification.and tracking servi�es; or(b)a one-time charge for fload z�ne det�rmination
<br /> and c�rtxf�at�on seru�ces and�ubse�uent c�ar�es ea�h time rema�pings or simiiar changes occur which
<br /> FHA❑ee�of Trust With MERS-NE 913U12�14
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<br /> Wakters Kluwer Financial Serv�ces Page 6 of 17
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