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20.0206668 Borrower shall pay Lender the Funds for Escrow Items unless t.c ^der �eivrs Borrower's obligation to pay tyre Funds for any or all Escrow Items. Lender mpiy wahv Borrowers obligation to pity to Lender Funds for any cr all Escrow Items at any time. Any such waivvr may only be in uniting. in the event of such waiver. Boaromv shall pay directly, when and where payable, the.arn(vxrts due for any Escrow Items for which payment of Funds ha% been waived by Leader and, if Leadq requires, shall furnish to Leader receipts evidencing such payment within such time period as Leader may r6juim Bom)uves obt*gatiem to make such payments and to provide receipts shall for all purposes be deemed to be a otm ua%it and *�reemct►t ermtained in this Security Irotru:acnt. as the phrase "covettant and agroetncnt" is used in Section 9. if Bom—er i+ obligated to pay F- -crow Items directly, pursuant to a waiver. and Bonbwer fails to pay the amount due „or an Escrow Item. bender may excrrise its righs under Section 9 and pay such amount-And Bwwwea a:@lt then be obligated under Section 9 to repay to Lender any such amount Lender may revoke the waiver as to any or all Escrow Iterns at any time by a notice given in accordance w-i:h Section 15 arid, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender stay, at any time, collect and hold Furdt in an amount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA and (b) not to exceed the cmimum amount a lender can require under RESPA. Lender shall estimate the amotmt of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are in.-jred by a federal agency, instrumentality or entity (including Leader, if Lender is an institution whosq deposits are so insured) or in any Federal Monte Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verif%ing the Escrow Items, unless Leader pays Borrower interest on the Funds and Applicable Law permits Lender to utake such a charge. Unless an agreanent is made in writing or Applicable Law requires interest to be paid on the Funds, Lexidzr shall not be requVed to pay Borrower any interest or earnings can the Funds_ Borro-wer and Lender can arms in writing, however. that interca't shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Fimds as required by RESPA. If there is a surplus of Funds held in escrow, as defimtd under RESPA. Lender shall accaunt to Borrower for the exceay funds in accordance wilh RESPA: If there :s a shortage of Funds held at escrow, as d6ned under RESPA. Leader shall notify Borrower as tg,i-ed by RESPA, and Borrower shall pay to Lender that amount necessary to make up the shormgc in accordance.uith RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow; as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA„ but in no more than 12 monthly payments. Upon payment in full of 9t 1 sums secured by this Security Instrument, lender shall promptly refund to Borrower any Funds held by Lender. 4. C.harFes; liens. Borrower shall pall all taxes, agse�sments. charges, fines, and impositions = attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner pro trded in Section 3. = Borrower shall promptly discharge any lien which hes priority over this Security Instrument runless Borrower. (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so lone as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opiroon operate to prevent the en fo_cement of the Iien while those proceedings arc pending, but only until such proceedings are concluded; or (c) secures from the holder of the lieu an agreement satisfactory to Lender subordinating the lien to this Security Instrument_ If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shalt satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one -time charge for a real estate tax verification and /or reporting service used by Lender in connection with this Loan. - Inirials•� � � tOAas) I'agt 5 oC l5 ` Form 3028 1/01 :r _ 1 .r ,