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� 2� 17�2457
<br /> The Funds shall be heid in an institution whose deposits are in�ured b�a federal agency, instrurnentali�,
<br /> or entity�including Lender, if Lender is an institutian whase deposits are so insured�or in any Federa�
<br /> Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified
<br /> under RESPA. Lender shai�nat charge Barrower for ho�ding and applying the Funds, annually ana�yzing
<br /> the escrow account, or�erifying the Escraw�tems, unless Lender pays Borrower interest an the Funds
<br /> and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing ar
<br /> Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borr�w�r
<br /> any interest or earnings on the Funds. Borrower and Lender can agree in writing, howe�er, that interest
<br /> sha11 be paid on the Funds. Lender shai� gi�e to Bnrrower, withaut charge, an annual accounting of the
<br /> Funds as required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower
<br /> for the excess funds in accordanGe with RESPA. If there is a shor�age of Funds heid in escrow, as defined
<br /> under RESPA, Lender shall nvtify Borrower as required by RESPA, and Borrower shall pay to Lender
<br /> the amount necessary to rnake up the shortage in accordance with RESPA, but in no more than 12
<br /> monthly payments. If there is a def ciency of Funds held in escrow, as defined under RESPA, Lender
<br /> �hal� noxxf}�Borrower as required by RESPA, and Barrower shall pay ta Lender the amount necessar�ta
<br /> make up the d�ficiency in accordance vvith RESPA, but in no more than 12 monthly payments.
<br /> Upon paymen�in full of aII sums secured by this 5ecurity Instrument, Lender shall pramptly refund to
<br /> � Borro�ver any Funds heZd by Lender.
<br /> . 4. Gharges; Liens. Borrower shai�pay a11 taxes, a.ssessmen�s, charges, f nes, and imp�sitions attributabie
<br /> to the Property which can attain priority o�er this 5ecurity Instrument, leasehold paymen�s or ground
<br /> rents�n the Property, if any, and Comrnunity Assaciation I]ues, Fees, and Assessments, if any. To the
<br /> extent tha�these items are Escraw Xtems, Borrower shall pay them in the manner pro�ided in Se�tion 3.
<br /> Borrower shail promptly d�scharge any lien which has priority o�er this 5ecurity Ins�rument unless
<br /> Borrower: (a}agrees in writing to the pa�rment af the obtiga�ion secured by the lien in a manner
<br /> acceptabie to L�nder, but only so long as Borr�v�er is perfarming such agreement; �b} contests the lien in
<br /> good faith by, or defends against enforcement of the lien in, legai proceedings which in Lender's opini�n
<br /> ,
<br /> operate to pre�ent the enfvrcemen�af the Iien while those proceedings are pending, but only until such
<br /> proceedings are conciuded; ar(c�secures from the holder of the�ien an agreement satisfactory to Lender
<br /> subordinating the lien to�his Security Instrument. If Lender determines that any part af the Property is
<br /> subject to a�ien which can attain priorit}r o�er this Security Instrument, Lender ma�r gi�e Borrower a
<br /> notice identifying the lien. �ithin 1 Q days of the date an�vhich that notice is gi�en, Borro�ver shall
<br /> satisf�the lien or take one or more of the actions set fvrth abo�e in�his 5ectian 4.
<br /> , 5. Proper�y Insurance. Barrower sha�I keep the impro�ements now existing or hereafter erec�ed on the
<br /> Property znsured against Ioss by fire, hazar�s inc�uded within�he term "'extended coverage," and any
<br /> other hazards inciuding, bu�not Iimited�o, earthquakes and flaods, for which Lender requzres insurance.
<br /> This insurance shall be maintained in the amounts ��nciuding deductible Ie�e1s�and for the periods that
<br /> Lender requYres. �hat Lender requires pursuant to the preceding sentences can�hange during the term of
<br /> the Loan. The insurance carrier provid�ng the insurance sha�1 be chosen by Borrower subjec�to Lender's
<br /> righ�ta disappro�e Borrvwer's ch�ice, which right shall not be exercised unreasonably. Lender may
<br /> require Barrvwer to pay, in connection with this Loan, either: �a}a ane-tirne charge far flood zone
<br /> determination, certif cativn and�racking ser�ices; or�b}a one-time charge for f�ood zone determinat��n
<br /> and certification services and subsequent charges each time remappings or similar changes occur which
<br /> 234504286 �058779622
<br /> FHA Deed of Trust With MERS-N� 9130120'14
<br /> 9ankers 5ystems� VMP C� VIVIP4N(N��(1506j,��
<br /> Wolters Kfuwer Finan�ial 5ervices Page 6 af'i 7
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