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LOAN #: 1705000014789
<br />to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any
<br />Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall
<br />fumish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed
<br />to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and
<br />agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a
<br />waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights
<br />under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay
<br />to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by
<br />a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender
<br />all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />easonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />aw.
<br />The Funds shall be held in an institution whose deposits are insured bya federal agency, instrumentality,
<br />entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal
<br />ome Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified
<br />nder RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing
<br />he escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds
<br />nd Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br />pplicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />ny interest or eamings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />hall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br />unds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />orrower for the excess funds in accordance with RESPA- If there is a shortage of Funds held in escrow,
<br />s defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />ender the amount necessary to make up the shortage in accordance with RESPA, but in no more than
<br />1r monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender
<br />s all notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary
<br />t. make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />t• Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />a tributable to the Property which can attain priority over this Security Instrument, leasehold payments
<br />o ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if
<br />a y. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided
<br />in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />B rrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith
<br />b or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to
<br />pr -vent the enforcement of the lien while those proceedings are pending, but only until such proceedings
<br />ar - concluded; or(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating
<br />th lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien
<br />w ich can attain priority over this Security Instrument, Lender may give Borrower a notice identifying
<br />th lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take
<br />on or more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification and /or
<br />re. • rting service used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereaftere rected on
<br />th Property insured against loss by fire, hazards included within the term "extended coverage," and any
<br />of -r hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance.
<br />Th insurance shall be maintained in the amounts (including deductible levels) and for the periods that
<br />Le der requires. What Lender requires pursuant to the preceding sentences can change during the
<br />to of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to
<br />Le der's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender
<br />ma require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone
<br />det-rmination, certification and tracking services; or (b) a one -time charge for flood zone determination
<br />an • certification services and subsequent charges each time remappings or similar changes occur which
<br />rea.onably might affect such determination or certification. Borrower shall also be responsible for the
<br />pay ent of any fees imposed by the Federal Emergency Management Agency in connection with the
<br />revi -w of any flood zone determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance
<br />cov rage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
<br />part cular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might
<br />not rotect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk,
<br />haz.: rd or liability and might provide greater or lesser coverage than was previously in effect. BQ rrower
<br />Initials
<br />NEB ° SKA— Single Family— Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1101
<br />Ellie ae, Inc. Page 4 of 10 NEUDEED 0415
<br />NEUDEED (CLS)
<br />08/28/2017 03:48 PM PST
<br />201704346
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