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<br />premiums, 9 any, or any sums payable by Burrower to Lender in lien of the payment of Mortgage
<br />Insurance premiums m accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly famish m Lender all notices of amounts no
<br />he paid under this Section. Borrower shell pay Leader the Funds for Escrow Items unless Lender waives
<br />Burrowu's obligation m pay the Foods for any or ell Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Leader Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />In writin, In the event of such waiver, Borrower shell pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furbish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrowers obligation to make such payments and to provide receipts shall for all purposes he deemed to
<br />be a covenant and agreement remained in this Security Instrument, as the phrase "covenant and agreement'
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower falls to pay the amount due for an Escrow Item, Lender may exerese its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any Such
<br />punt Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />amount,
<br />with Section l5 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such mounts, that are then required under this Section 3.
<br />Lender may, at any tune, collect and bold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified Dade, RESPA, and (b) not m exceed the maximum amount a lender can
<br />require under RESPA. lender shall estimate the amount of Foods due on the basis of current data and
<br />ormble estimates of expenditures of finure Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whom deposits are sued by a federal agunry,
<br />Instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Eumw Items no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the ewrew account, or verifying the Barrow Items, unless Lender pays Borrower Interest an the
<br />Fonds and Applicable Use permits Leader m make such a charge Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Burrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shell he paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there Is a sarylns of Funds held in escrow, as defined under RESPA, Lender shell account to
<br />Bonuwer for the excess fends in accordance with RESPA. If there Is a shortage of Fonds held in rsemw,
<br />ss defined under RESPA, Lender shall notify Borrower as required by RESPA, and Burrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If 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 amount necessary to make
<br />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 />to Borrower any Funds held by Lender.
<br />4. Charges; Licna. Borrower shall pay all taxes, ass meats, charges, finrs, and acquisitions
<br />attributable to the Property which can attain priority over this Security Instrument, Irasehold paymrum or
<br />Bound rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower stall pay them in the manner provided in Section 3.
<br />s1%fFR1000236146 1000236146 1 IV(g\\ 0
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