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200206958
<br />premiums, if any, or any bunts payable by Borrower to Lender in list, of the payment of Mortgage
<br />Insurance premiums in c
<br />. ro
<br />ordanee with the provisions of Section 10. These items are called "Escw
<br />Items." At origiwtion or at any time during the tams of the Luau. Lender may require that Community
<br />Association Dries, Fees, rid Assessments, if any, be escrowed by Bortower, and such dues, fees and
<br />assessments shall be or Escrow Item. Borrower shall promptly famish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds bar Escrow treats unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrowers
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time Any such waiver may only be
<br />in writing. In the event f such waiver, Borrower shall pay directly, when and where payable, the amoums
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Leader requires,
<br />shall furnish to Lender receipts evidencing Such payment within such dote period as Linder may require.
<br />Borrower s obligation to make .arch payments and to provide receipts shall for all purposes be deemed to
<br />Ix ma and agreement contained in this Security Instrument. as the phrase "covenant and agreement"
<br />is used !it Section 9. If Borrower is obligated no pay Eserew Items directly, pursuant its a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, I under may exercise 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 />amount. Lender may revoke the waiver as to any or all Escrow Items at any the by a notice given in
<br />accordance with Section 15 and, upon .math revocation. Borrower shall pay to Lumber all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lander may, at any time, collect and hold Funds in an annual (m) mrtfeient to Permit Lender to apply
<br />the Funds at the time specified under RESPA, and NJ not to exceed the maximum amount a lender can
<br />requi under RESPA. Lender shall estimate the ainount of Funds due on the basis of current data and
<br />reasonable estimates of expendibnce of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held In an institution whose deposits are nsured by a federal agency,
<br />instrumentality. or entity (including Dander, if Lender Is an institution whose deposits are so insured) or
<br />any Federal Home Loan Bank Iznder shall apply the Panda to pay the Escrow Items no force thin the time
<br />specified under RESPA. Under shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, wlcss Lender pays Harrower interest on The
<br />Funds and Applicable I.aw permits Lender to make such a charge. Unless on agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds. Lender shall not bei regained to pay Borrower
<br />any interest or earnings on the Funds_ Borrower read Lender can agree In writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, in annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in uscrow, as defined under RESPA, Lender shall account to
<br />Burrower for the socials funds in accordance with RESPA. If there is a shortage of Mods held in escrow,
<br />as defined under RESPA, Lender shill notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lcndcr 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 Leader the amount accessary to make
<br />up the deficiency in iccnrdame with RESPA, but in no more than 12 momhly payments.
<br />Upon payment In full of all sums .secured by this Security Instrument, lender shall promptly refund
<br />to Borrower any rands held by [ under_
<br />d. Charges; Liens. Borrower stroll pay all taxes, aswmarents, charges, fines_ and impositions
<br />attributable to the Property which can attain prieriry over this Security Instrument. Iemehold payments or
<br />around rents on the Property, if any, and Community Association Dues, Fecs, and Assessments, if any. To
<br />the extent that these Items are Escrow Items, Burrower shall pay them in the mauler provided in Session 3.
<br />ucosim Pao of tai
<br />(Mw (ONE) — Form 3028 lees
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