|
2®0203454
<br />.auy, or any gable by
<br />to Leader in lien of the paytn�t,o% ge
<br />a .
<br />premiums in accordance with the provisions of Section 40. These items are called° F.sciow
<br />Items." At origination or at any time eking the farm of the Loan, Lander may require that Community
<br />Association Dues, Fees, and Assess, if any, be escrowed by Borrower, and such dues, fees and
<br />assesameM Awn be asr i ar+e>e1t+: xe tmwer AW peoMpWfiWuW*Ien&w all notices'oCamounts to
<br />be paid uudet=d& ftcftai Bart + `w +'60 pay °Lender! `- ft ' Eaerow 'ftms,unlessImidw°vh►aives
<br />Borrow's obligation to, pay, tlhe FmMs- for 'any : 'or alts' ftcrow> hems: Lender may wai d Bt ower's
<br />obli n-ft,pay,to LanderTuaft ifor eay or all my.,ate. Auy iech,walve'Jr a W only be
<br />in writing.< ln�the event of ***fw4. Borrower shall pay dirty, wMa where payable,'the .amounts
<br />due for any Escrow ;Items for wiiich paynies of Funds has beenvaivedty'Leadwand, if Under wrisires,
<br />shall furnish-to Leader receipts eVidenrog sun VWynient within such tune period as Lender may require.
<br />Borrower's obligation to malm such - payiums and, torWevide receipts shall for alit purposes ,be deemed to
<br />be a eeovenow,aud agreemeattoritakned isthis Security Instrument, as the•phrase�- "covents and agreernan�t""
<br />is used m ,�ion-9 '�! �- a< to pay , la �Y to a waiver, and
<br />Boarower,fails to pay dw swop doe 4W as Escrow Item, Lender mW exercise its rights tinder Saxton 9
<br />and Pay such annount and Owwww 00 then be obligated=usiler Bectiw9 to ,repay to Lender my such
<br />amount. -Land br may' nvolae do wa ver as to any or all Escrow, Item v • aW,, time bye- a votit i 'given in
<br />accordance with - Section, 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />Lendw may, at any time, elect and hoM ice' in aha 1mt>unt ° ` s icirnt to permit Lender to apply
<br />the Finds at the; time. specified reeler RESPA and <b) nottto exoeed'tbe modam a nwttnt w leader can
<br />require under RESPA. Imidev ahat'esti mte the amount otPoft'dw on Ae basis of airrent deta and
<br />reasonable estimates of expendkuoes of future Borrow lwms ,ovotherwise in aaardance�vetith ApplicaMe
<br />Law. :.
<br />Tire Funds shall be held in an institution whoan' deposits are `' nsunt , by, a federal agency,
<br />instrumentality, or,entity (including Leader, ifl a der i&ant =bwtitution whoae deeposhs sre�so insured) or in
<br />any Federal L ome Doan Bark, Lender shall apply the Funds to pay the Bscmw Items'le later°than the° time
<br />specified under °�RESP�A: Lender shag not c hargerBorrowe r for bAdi gan
<br />.d applying the Funds, annually
<br />analyzing the escrow account, or verifying :the Escrowhezas,,unless{Lender . pays Bor mwett intenewow the
<br />Funds: and Applicable Law permits Lander to make such a charge: Unless an agreement a msdet it ivriting
<br />or App able- Law requires i»raest to be 1paid : an the' Finds,: Leader r stall rut ire: required to pay Borrower
<br />or earnings on the Funds. Borrower and Leader can agree in writing, however, that interest
<br />shall'bo pail a. the Funds. L.e.nder' shall: give to Borrower, without Vie, an annual aging of the
<br />Funds as required by RESPA.
<br />If there is -a, surplus of Funds, bold in escrow, as defined under RBSP'A, Lender shall account #o
<br />Borrower the excess funds in accordance with RESPA. V due •is a shortage of Fug: held r in eserow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA and Borrower shad 1W to
<br />Lender the amount necassary, to .mdine.tnp the °age in'accoridonce . with RESPA, but ies no more than 12
<br />monthly payments. If there is a deficiency of Ptmds: bbd in escrow, as defined:under RESPA, L ender stall
<br />notify Borrower as required by RESPA,, md,Beurower shail,pay to Lander, the emount necessary ur make
<br />up the deficiency in accordance ordance with RESPA, but in no aim than 12 monthly payments.
<br />Upon payment is full of all sums secured by this Security Instrument, Leader. .shan , promptly refund
<br />to Borrower any Funds held by Leader,
<br />4. Charges; Liens. Borrower shall pay all taxes, , charges, fines, and impositions
<br />attributable to the Property which,can attain priority over this Security Instrument, leasehold payments = or
<br />ground rents on the Property, if any, and Comaumity, Association Ices; Fees; and Assessments, ifarryi To
<br />the extant that these item are Escrow hems, Borrower shall 'pay - thent in the manner provided.in Section 3.
<br />4k4HNE) eoomwi vap s 01 .15 Fprm 3028 1101
<br />Z:
<br />
|