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FILE No . 924 07/30 '01 AN 10:42 I D : AT I TITLE CO. FAX :1 308 382 83400 PAGE
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<br />required to pay Borrower any Interest or earnings on th "Funds. Borrower and Lender can
<br />agree In writing, however, that Interest shall be finid on the Funds Lender shall give to
<br />Borrower, without charge, an annual accounting of the Funds as required by RESPA,
<br />If there Is a surplus of Funds held In escrow, as defined under RESPA, Lender shall
<br />account to Borrower for the excess funds In accordance with RESPA. If there Is a shortage
<br />of Funds held in escrow, as defined under- RESPA, Lender shall notify Borrower as required
<br />by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />shortage In accordance with RESPA, but In no more than 12 monthly payments. If there Is a
<br />deficiency of Funds held In escrow, as defined under RESPA, Lender shall notify Borrower
<br />as required by RESPA, and Borrower shall pay to Lender the amourill necessary to make up
<br />the deficiency In accordance with {RESPA, but In no snore than 12 monthly payments.
<br />Upon payment In full or ail sums secured by this Security Instrument, Lender shall
<br />promptly refund to Borrower any Funds held by Lender.
<br />4. Charges; Lions. Borrower shall pay all taxes, assessments, charges, fines, and
<br />Impositions attributable to the Property which can attain priority over this Security
<br />Instrument, leasehold payments or ground rents on the Properly, If any, and Community
<br />Association Dues, Fees, and Assessments, If any, To the extent that these Items are Escrow
<br />Items, Borrower shall pay them In the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower; (a) agrees in writing to the payment of the obligation secured
<br />by the lien in a manner acceptable to Lender, but only so long as Borrower is performing
<br />such agreement; (b) conlestm Ilia lien In goad faith by, or defends against enforcement of
<br />the Ilan In, legal proceedings which In Lender's opinion operate to prevent the enforcement
<br />of the lien while those proceedings are pending, but only until such proceedings are
<br />concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender
<br />subordinating the lien to this Security Instrument. if Lender determines that any part of the
<br />Properly Is subject to a lien which can attain prlorily over this Security Instrument, Lender
<br />may give Borrower a notice identifying the lien, Within 10 days of Ilia dale on which that
<br />notice Is given, Borrower shall satisfy the lien or take one or more of the actions set forth
<br />above In this Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification
<br />and /or reporting service used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep (lie Improvements now existing or hereafter
<br />erected on the Property insured against loss by fire, hazards included within the term
<br />"extended coverage," and any other hazards Including, but not Ihniled lo, earthquakes and
<br />floods, for which Lender requires Insurance. This Insurance shall be maintained In the
<br />amounts (including deductible levels) and for the periods that Lender requires, What Lender
<br />requires pursuant to the preceding sentences can change during ilia term of the Loan. The
<br />Insurance carrier providing 'the Insurance shall be chosen by Borrower subject to Lender's
<br />right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, In connection with this Loan, either: (a) a one -time
<br />charge for flood zone 'date rmInation, certificatlon and tracking services; or (b) a one -time
<br />charge for flood zone determination and certification services and subsequent charges each
<br />time remappings or slrrmllar changes occur which reasonably might affect such determination
<br />CN509 Rev 10107 /00 PaOo A .,/ 1A u,nuu: _ '`/ PARM 3020 Val
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