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201701880
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Last modified
7/28/2017 2:37:03 PM
Creation date
3/28/2017 8:44:47 AM
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DEEDS
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201701880
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2� 17� 188� <br /> fails to pay the a.mount due for an Escr�w Item,Lender may exercise its rights under Section 9 and <br /> pay such amount and Borrower sha�l then be obligat�d und�r Section 9 to repay to Lender any such <br /> amount.Lend�r may revoke the Wai�er as to any or all Es�row Items at any time by a noti�e given in <br /> accordance w�th Section �5 and,upon such re�ocation,Borrower shal�pay to Lender a�l Funds,and in <br /> such amounts,that are then required under th�s Sect�on 3. <br /> Lender may,at any time,coilect and hald Funds in ar�amount�a} sufficient to permit Lender to apply <br /> the Funds at the tirne specified under RESPA,and(b�n�t to exceed the maximum amount a�ender <br /> can require under RESPA.Lend�r sha11 estimate th�amount of Fun�s due on the basis of current data <br /> a.nd reasonabl�estimat�s of expenditures of future Escrow Items or otherwise in accordance with <br /> Applicable Law. <br /> The Funds shall be h�ld in an instituti�n whose depasits are insured by a federal agency, <br /> instrumentality,or entity(including Lender, if Lender is an instituti�n whase deposits are s�ir�sured} <br /> or�n any Fed�ral Home Laan Bank.Lender shall apply the Funds to pay th�Escrow Items n��ater <br /> than the time spec�fied under RESPA.Lend�r shall not charge Borrower for holding and applying the <br /> Funds,a.I7ritia.�ly a11a�y21I1��le eSCr4W aCCDLlI1t, ar�erify�ng th�Escrow Items,unless Lender pays <br /> Borrower interest on the Funds and Applica�ie Law permits Lender to make such a chaxge. Unless an <br /> agreement�s made in writing or Appl�cable Law requires int�rest to be paid on the Funds,Lender shall <br /> not he required to pay Borrower any interest or�arnings on the Funds.Barrower and Lender�an agree <br /> in writ�ng,howe�er,that�nterest shal�be paid on th�Funds.Lender shali g���to Barrow�r,without <br /> chaxge,an annual accounting af the Funds as required by RESPA. <br /> If there�s a surplus of Funds held in escrovv,a�def ned und�r RESPA,Lend�r sha�l account to <br /> Borrower for the�xcess funds in accordance with RESPA.If there is a sh�rtage of Funds held in <br /> �scrow,as defined under RESPA,Lender shall not�fy Borrower as required by RESPA,and BorroWer <br /> sha�l pay to Lender the amount necessary to make up the shortage in acc�rdance w�th RESPA,but <br /> in no m�re than 12 monthiy payments.If there is a deficiency of Funds h�ld in escrow,as defined <br /> under RESPA,Lender sha�l natify B�rrower as required by RESPA,and BorroWer shall pay to Lender <br /> the amount ne�essary to ma1��up the def�ciency in accordance with RESPA,but in na mare than 1� <br /> monthly payments. <br /> Upon payment in fu��af a11 sums secured by th�s S�cu.rity Instrument,Lender sha�l prompt�y refund tn <br /> Barrower any Funds he�d by Lend�r. <br /> 4. Charges; Liens. B�rrower sha�l pay all taxes, assessments, charges,fines,and impositivns <br /> attr�buta.ble ta the Property wh��h can attain priority o�er this Security Instrurnent, leasehold payments <br /> �r ground rents on the Property, if any,and Community Assaciat�on Dues,Fees,and Assessments, if <br /> any. To th�extent that these items are Escrow Items,Borrower shall pay them in the mann�r pro�ided <br /> in Section 3. <br /> Borrower shall pramptly discharge any lien which has prior�ty over this Security Instrument unless <br /> Barrower: [a}agrees in writing to the payment of the obligatian secured by the lien in a manner <br /> acceptab�e t�Lender,but only so long as Borrawer is perform�ng such agreement;�b}cantests the lien <br /> in good fa�th by,or defends aga�nst enforcement of the lien in, legal praceedings which in Lender's <br /> opinion operate to pre�ent the enforcement of the lien while those proceedings are pending,hut <br /> aniy until such proceedings ar�conc�uded; or�c�secures from the holder of the��en an agreement <br /> satisfactory to Lender subordinating the li�n to this Security Instrum�nt.If L�nder determines that any <br /> part of the Pr�perty is subj�ct t�a lien vvhich can attain priority a�er this Se�urifiy Instrument,Lender <br /> may give Borr�wer a notice identifying the lien. Within ��days of the date�n which that notice is <br /> �300435847 <br /> NE6RASI�A-Single Fam�ly-Fannie MaelFreddie Mac UNfFDRM INSTRUMENT Farm 30281I�1 <br /> VMP� 06I2�1fi <br /> Wolters K�uwer Finanr�al Services 2017D3�617.1 0 41�2-J��16�92fiY Page S vf 1 fi <br />
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