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200207076
<br />Borrower shall pay Leader the Funds for Estrus, Items unless Landcr waives Rocrolers obligation to pay the
<br />Funds for any or all Escrwc Items. Lender may waive Borrowets obligation to pay to Lender Funds for may or
<br />all Escrow Lear' IT any time Any such waiver may only be in writing. In the event of such waiver, popover
<br />shall pay dnudy_ when and where payable, the amounts due far any F_scrow Items for which payment of
<br />Funds has been waived by I ender land, if Lender requires, shall famish to Lender receipts or dencang such
<br />payment within such time period as Lender may requite. Borrower 's obligation to make such premiums mid to
<br />provide receipts shall fee pmprnes be deemed to be a covenant and agreement confined in This Security
<br />Instrument, as the phrase "coenant and agrecmenf is sed in Section 9. If Borrower is obligated to pay
<br />Escr ve items directly, pntsoam to o waiver, and Bonower falls to pay the moonlit due for an Escrow Item
<br />Leader stave excmisc its rights under Sectinn 9 and pay such account and Bonower shall then be obligated
<br />under Sachem 9 to repay to Lender any such amount_ I cruder may revoke the waiver as to any or all Escrow
<br />Items at area time by a notice given in accordance with Section 15 and, upon such revocation, Bmewei shall
<br />pay he Leader all Ituads, and in each amounts, that are then required candor this Section 3.
<br />Lcndcr nay, at any time, collect end hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RLSPA and (b) not to exceed the maximntn amount a lender can rstprim
<br />under RESPA. Leader shall estimate the amount of Funds due on the haves of current data and reasonable
<br />wtimmen of ext -had Imes of lilmre Escrow Items or othrnvise in accordance with Applicable Law.
<br />the Iunits shall be held in an evaluation whose deposits are insured by a federal agency,
<br />muncanrenimliby
<br />all cetiry (mciuding I.endeq if Lender is an institution whose deposits are so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds m use the Fscrn.v ]terns no liner than the time specified under
<br />RESPA. Larder shall not charge Bonower for holding and applying tike Funds, annually analyzing the career
<br />account, or verifying the Escrow Lams, unless tender pays Borrower interest an the Funds and Applicable
<br />Iaw pence, Lender to make such a charge Unless all agreement is made Ln writing or Applicable Iaw
<br />requires interest to be paid an the Funds, Lcndcr shall not be equipped to pay Renewer any interest or earnings
<br />oil the Funds. Borno.vcn and Iclean cdn agree in writing, however, that interest shall be paid on the Funds.
<br />I ender shall give to Bomoccee without charge, an annual accounting affix Funds as required by RESPA_
<br />It there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Rnnnuvnr for the exccas hinds in accordance with RLSPA. If there is a shortage of Funds held in escrow, as
<br />defined under RESPA, Lender shall notify Borrower as required by RLSPA, mail Borrower shall pay to Lender
<br />the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly
<br />paynnenu. If there is n deficiency of Funds held in escrow, as defined under RESPA. Lender shall notify
<br />harrower as required by RESPA. and Boamom shall pay to Iendcr don moumnl necessary to make up the
<br />deficiency in acenrdance s%ph RESPA, bun in no more than 12 monthly payments.
<br />Upon pavman in Dill ofall stuns socurcrl bep this Secnriq- Instrument, render shall promptly mfend to
<br />Bonowcrany Fundx held by I order
<br />4. Omegas; Liens, Bonmter'hall pay all taxes, assessments. charges, fines, and bnpil
<br />attributable to the Propc11y which can atain priority Over the' Saeudty Tnswment, leasehold payments or
<br />gmuod rams on the property, Lilly, and Community Association fines, Fees, and.Assessinean, Lfany. TO the
<br />extent that these items are Escrow leans, Borrower shall pay them in the manner provided in Sectinn 3.
<br />Ronover shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrower (a) doers in writing to the paymentof the obligation segued by the lien in a mnmmr acceptable to
<br />Lender, but only so long as Buttoner is pectiernring such agreement; (b) contests the lien in good faith Its, err
<br />defends against cnforcemcnt of the lien in, legal proceedings which in Lenders opinion operate to prevent the
<br />entDreement of the lien while those proceedings we pending, but only until .inch promedings arc concluded; an
<br />(c) .aetel i fium the holder of The lien in mintrumnl satisfamory to Lender subordinating the lien in this
<br />Simply fi sno ment If Lento' dercontecs that any pan of the Property is subject to a lien which can amain
<br />Arlo ns war this Se¢ulry fiumanenE Lender may giec Bonower a noticeldentfying the ]den, Wallin IU days
<br />Apse data an whmh that notice is groan, Burleson shall satisfy u,e lien or take one or more optic cereals set
<br />101111 Those in this Section 4.
<br />Lender may require Bonower to pay a one -time charge for a real estate tax verification and/or
<br />mpa4ngaer.wurvpd by Lender m cnnnonton with this lone.
<br />maims
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