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<br />;fives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient arm=
<br />due, the payment may he applied [o the delinquent payment and the late charge. If more than one
<br />nstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic
<br />extent that, each payment can be paid in full. To the extent that any excess exists after the payment is
<br />rent fma, or more Periodic Payments. such excess maybe applied to anylate charges due. Voluntary
<br />shall not extend or postpone the due date, or change Ih,
<br />3. Funds for Escrow Items. Borrower sha .
<br />until the Now is paid in full, a sum (the "Funds ") to pro
<br />other items which can attain priority over this Security
<br />payments or ground rents on the Property, if any; (c) prc
<br />and (d) Mortgage Insurance premiums, Property., or any su.
<br />Insurance premiums in accordance with the provisions i
<br />or at any time during the term of the Loan, Lender may r
<br />any, be escrowed by Borrower, and such dues, fees ar
<br />furnish to Lender all notices of amounts in he paid under
<br />unless Lender waives Borrower's obligation to pay the
<br />obligation to pay to Lender Funds for any or all Escrow
<br />payment of Funds has been waived by Lender and, if I
<br />payment within such time period as Lender may requi,
<br />receipts shall for all purposes be deemed to be a covenar
<br />"covenant and agreement" is used in Section 9. IfBonor
<br />and Borrower fads to pay the amount due for an Escrow
<br />amount and Borrower shall then be obligated under Sec
<br />waiver as to any or all Escrow Items at any time by a anti
<br />Borrower shall pay to Lender all Funds, and in such am
<br />Under may, at anytime, collect and hold Fund
<br />the time specified under RESPA, and (b) not to exceed
<br />shall estimate the amount of Funds due on the basis of cu
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be It
<br />(including Lender, if Lender is
<br />apply the Funds to pay the Esc
<br />for holding and applying the I
<br />pays Borrower interest on the
<br />made in writing or Applicable
<br />any interest or earnings on the
<br />Funds. Lender shall give to B
<br />If there is a surplus e
<br />Items
<br />or Miscellaneous Proceeds to principal due under the Now
<br />ht, of the Periodic Payments.
<br />Sender on the day Periodic Pa entsaiedueunderthc Note,
<br />payment of amounts due for: (a) taxes and assessments and
<br />tent as a lien or encumbrance on the Property; (b) leasehold
<br />for any and all insurance required byy Lender wider Section 5;
<br />Ible by Borrower to Lender m lieu oftlhe payment ofMortgage
<br />on 10. These items are called "Escrow Tome." At origination
<br />hat Community Association Dues, Fms,and Assessments,if
<br />miens shall be an Escrow Item. Borrower shall promptly
<br />ction. Borrower shall pay Lender the Funds for Escrow Items
<br />for any or all Escrow Items. Lender may waive Borrower's
<br />it anytime. Any such waiver may only beinwriting Inthe
<br />sere payable, the amounts due for any Escrow Items for which
<br />requires. shall famish to Under receipts evidencing such
<br />whose deposits
<br />ewer, without charge, an action
<br />mds held in escrow, as defined
<br />to Lender any such amount. Lender may revoke the
<br />ordance with Section 15 and, upon such revocation,
<br />then required under this Section 3.
<br />(a) sufficient to permit Lender to apply the Funds at
<br />amount alender can require under RESPA. Lender
<br />reasonable estimates ofexpenditures offunue Escrow
<br />nsured by federal agency, instrumentality, or entity
<br />,red) or in any Federal Home Loan Bank. Lender shall
<br />.d under RESPA Lender shall not charge Borrower
<br />count, or verifying the Escrow Items, unless lender
<br />,der to make such a charge. Unless an agreement is
<br />Funds, lender shall not be required to pay Borrower
<br />excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<br />shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but to no more than 12 monthly payments. If there is a deficiency of Funds held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall payto lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full ofall sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges;Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security instrument, leasehold payments or ground rents on the Property, if my,
<br />and Community Association Dues, Fees, and Assessments, if any. 'to the extent that these items are Escrow Items, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obliggation secured by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien ux
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agreememsansfactoryto
<br />Lender subordinating the lien to this Security Instrument. IfUnder determines that any part ofthe Property its subject to a
<br />lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within
<br />10 days of the date on which that 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 and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Propertytnsurence. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the ppmods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by
<br />Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Burrower to pay, in connection with this Ivan, either: (a) a one -time charge for flood zone
<br />determination, certification and tracking services; or (b) a one -time charge for flood zone determination and certification
<br />services and subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also be responsible for the payment of any fees imposed y the Federal
<br />Emergency Management Agency in connection with the review ofany Flood zone determination resulting from an objection
<br />by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or mtpht not protect Borrower, Borrower's equity in the
<br />Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect. Borrower ac nowledgestlhattlhe cost ofthe insurance coverage so obtained might significand
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under N cti
<br />is Seaton 5 shall
<br />become additional debt of➢orrower secured by this Security Instrument. These amounts shall bear interest at the Note rate
<br />from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />All insurance policies required by standard Lender and renewals e, such policies shall be subject to lender's right to
<br />disapprove such policies, shall include a Bright to mortgage clause, and shall name Under as mortgagee and/or o er
<br />shall promptly payee Lender shoe receipts of right to hold [ end renewal policies and renewal fBor certificates. If Lender
<br />any for of Borrower
<br />shall promptly give to Lender all receipts ofpeid premiums and renewal notices. IfBortower obtains any form of insurance
<br />NERRASRA Single Family— Formic Mac/Freddie Mac UNIFORM INSTRUMENT F'orm3028 1101 (isage3of8pageu
<br />9754 CV (MZ) 1692235
<br />0010(UW4evin
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