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<br />T -001 P 15 F -139
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<br />preniums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage insurance.
<br />premiums in aCCOTIlance with the provisions of Section 10, These items are called " Cscritw Item,." At
<br />origination or tit auy time during the W-mi of the Loan, Lender may require that Community Association
<br />Dues, Ff ees and Assessments, if any, be escrowed by Borrower, and such dues, fees iuid nsseys[nents shall be,
<br />an Escrow item. Burrower shall promptly furnish to Lender all notices of amount.,; to be paid under diis
<br />Section. Borrower shall pay Lender the Funds for k.scrow Items unless Lender waives Borrower's obligation
<br />to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender
<br />Funds for any or all Escrow Item, at any time. Any such waiver may only be in writing. In the event of such
<br />waiver, Brrrower shall pay directly, when and where payable, the amount, due for aoy Trscrow Iterns for
<br />which payment of funds hais been waived by Lender rind, if Lender requires, Shatll furilish to Lender rcc6111S
<br />evidencing Such payment within such time period a, Lender stay require. Borrower's obligation to make: such
<br />payments and to provide receipts shall for all purposes be deemed to be a covenant, and ag;reernent contained
<br />in this Security Inarument, as the phrase "covenant and agreement,, is used in Section 9. TI Borrower is
<br />obligated to pay Escrow TWMS directly, pursuant to a waiver, acid Burrower fails to pity Ole amount due for an
<br />Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then he
<br />obligated under Sete 10n 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all
<br />Fserow Items at any Lime by a notice given in accordance with Section 15 and, upon such revocation,
<br />Borrower shall pay to Lender all Funds, and in such amounts, that are than required under this Section 3.
<br />Lender may, at any time, collect algid 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 fender can
<br />require under RESPA. Lender shall cstimaw the amount of Funds due on the basis of current data a+rid
<br />reasonable estimalrs of expenditures of future Escrow Items or otherwise in accordance with Applic. +tblo Law,
<br />The Funds shall be Held in an institution whose deposits are insured by a federal agency, instrumenWILly,
<br />or entity (including; Lender, if Lender is an institution whose deposits are so insuredl or in any Federal Hanle•
<br />Loan Bank. Lender shall apply the Fund, to pay die Escrow Items uo later dlatn the time specified under
<br />RESPA. Lender shall not charge Borrower for holding; and applying the Funds, annually analyzing tile.
<br />escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and,
<br />Applicable Law porinits Lender to make such it charge. Unless an agreement is made in writing or Applicable
<br />Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or
<br />eairnings on the Funds, Borrower and Lender can agree in writir+g, howcvzr, that interest shall be paid on the
<br />Funds. Lender Shall give to Borrower, without charge, an annual accounting of the Funds as required by
<br />1213SPA.
<br />If thero is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is it shortage of Funds held in escrow, as
<br />delined tinder RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary 10 make up the shortage in accordance with RESPA, but in no more turn twelve
<br />monthly payments. 11' there is a deficiency of Funds held in escrow, as defined under RESPA, Lender Shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the a inount. necessary to make up
<br />the deficiency in ;accordance with RESPA, but in no more than twelve n1011011y payments.
<br />Upon payment in full of all surtiR secured by this Security Instrument, Lender shall promptly refund u+
<br />Borrower any Feuds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security lnstr'unlent, leasehold payments ur
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the
<br />extent that these items a i-e Escrow Items, Borrower shall pity them in the manner provided in Section 1
<br />dM - sA(NE) t1je„et.o2
<br />ac
<br />7200303 -00
<br />inrtIele!
<br />repo s at it) Form 3028 3199
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