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<br />Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the
<br />Funds for any or all Escrow Items. Lender may waive Borrowers obligation to pay to Lender Funds for coy or
<br />all Escrow Items at anytime Any such waiver may only be in writing. In the even) of such waiver, Borrower
<br />shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />Funds has been waived by Lender and, if Lender requires, shall human to Lender receipts evidencing such
<br />payment within such tine period as Lender may require Borrowers obligation to make such payments and to
<br />provide receipts shall for all purposes be deemed in be a covenant and agreement contained or this Savanna
<br />Instrument, as the phrase "covenant and apartment" is used in Section 9. If Borrower is obligated to pay
<br />Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Fscrow, Item,
<br />Lender may exercise its right wider Section 9 and pay such amount and Borrower shall then be obligated
<br />under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow
<br />Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shill
<br />pay to Leader all Funds, and in such mounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Leader to apply
<br />the Funds at the time specified under RESPA and (b) not to exceed the maximum amount a lender can require
<br />under R &SPA. Lender shall estimate the amount of Funds due on die basis of current dam and reasonable
<br />estimates of expenditures ofmmre Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an Institution whose deposits are insured by a farthest agency,
<br />instrumentally..
<br />at entity (including Lender, if Lender is in msoutlon whose deposits am so insured) or in any Federal Home
<br />From Rank. lender shall apply the Funds to pay the Escrow Items an later than the time specified under
<br />RESPA. Lender shall not charge Borrower for holding and applying me Funds, annually analyzing the escrow
<br />account, or verifying the Lsemw Items, unless Lender pays Borrower interest on the Funds and Applicable
<br />Law permits Leader to make such a charge. Unless an agreement is made in writing or Applicable Law
<br />requires interest to he paid on the Funds. Lender shall not be required to pay Borrower any interest or earnings
<br />on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds.
<br />Lender shall give to Borrower, without charge, an =not 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 account to
<br />Borrower for the excess funds in accordance with RESPA_ If there is a shortage of Funds held in escrow, as
<br />defined under RESPA, Leader shall notify Bonn" er as required by RESPA, and Borrower shall pay to I radar
<br />the amount necessary to make up (fie shortage in accordance with RESPA, but in no more than 12 monthly
<br />payments. If mere is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall wrote
<br />Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />acfieihney in accordance with RESPA, but in no more than 12 notably payments.
<br />Upon payment in fall of all sums secured by this Security Instrument Iunder shall promptly refired to
<br />Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />am butable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Properly, if any, and Community Association Dues, Fees, and Assessments, if any. To the
<br />extent hat these items are Bscrow, Items, Borrower shall pry them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which was twenty over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the payment of the obligation secured by me lien in a manner acceptable to
<br />Leader, but only so long as Borrower is performing such agreement, (b) contests the lien in good farm by, or
<br />defends against enforcement of the lien in, legal proceedings which in twain 'a opinion operate to prevent the
<br />enforcement of the lien while those proceedings are pending, but only poll such proceedings are concluded; or
<br />(c) soothes from the holder of the lien an agrewncnt satisfactory to Lender subordinating the lien in this
<br />Security Instrument. If Lender detemhincs that any part of be Property is subject to a lien which can attain
<br />priority over this Security Inslnmhenp Lender may give Borrower a notice identifying the lien. Within 10 days
<br />of me date on which that notice iN given, Borrower shall satisfy the lien or take one or more of the actions act
<br />forth above In this Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate lax verification and or
<br />reporting service used by Lender in connection with this loan. � CG I
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