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If Lender receives a payment from Boffower for a deli
<br />to pay any late charge due, Ne payment may be applied to the
<br />Periodic Pa ent is outstanding, Lender may apply any paymei
<br />Payments hand to the extent that, each payment can be paid in
<br />applied to the full payment of one or more Periodic Payments, s
<br />200209973
<br />thich includes a sufficient amount
<br />re late charge. If more than one
<br />to the repayment of the Periodic
<br />cxuoss exists alter the paymentis
<br />to anylatechargesdue. Voluntary
<br />prepayments shat be applied first to any prepayment charges and then as described in the [vote.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow It ems. Boffower shall pay to Lender on the day Periodic Payments are due under the Note,
<br />until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due foe (a) taxes and assessments and
<br />other items which can attain priority over this Security instrument as alien or encumbrance on the Property; (b) leasehold
<br />payments or ground rents on the Property, if any, (c) premiums for any and all insurance regutred by lender under Section 5;
<br />and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieuofthe paymentofMortgage
<br />or at any nine during the term of the loan, Linder may require that Community Association Dues, Fees, and Assessments, if
<br />any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />furnish to Lender all notices of amounts to he paid under this Section. Borrower shall pay Lender die Funds for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds tier any or all Escrow hems. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow items at anytime. Any such waiver may only be in writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br />payment of Funds has been waived y Lender and, if Lender requires, shall furnish to Lender receipts evidencing such
<br />payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide
<br />receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrurnent, as the phone
<br />"covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower fads to pay the amount due for an Escrow Item, fender may exercise its rights under Section 9 and pay such
<br />amount and Borrower shall then he obligated under Section 9 to repay to Lender any such amount Lender may revoke the
<br />waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation,
<br />Borrower shall pay to Under all Funds, and in such amounts, 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 lender to apply the Funds at
<br />the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender
<br />shall estimate the amount of Funds due on the basis of cuff ent data and reasonable estimates ofexpenditures of future Escrow
<br />Items or otherwise in acurrdance with Applicable taw.
<br />The Funds shall be held in an institution whose deposits are insured by federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Pederal HomeLoan Bank. Lendu shall
<br />apply the on repay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower
<br />for holding and applying the Funds, annually analyzing tlre escrow account, or verifying the Escrow Items, unless Lender
<br />pays Borrower interest on the Funds and App It I Law permits Lender to make such a charge. Unless an agreement is
<br />made in writing or Applicable law reyuires interest to be paid on the Funds, Lender shall not be required ro pay Borrower
<br />any interest or earnings on the Funds. Boffower and Lender can agree in writing, however, that interest_vhal I he paid on the
<br />,units. Lender shat l give or Rnrrvw r, with charge, an annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of on held in escrow, as do [tried under RESPA, Lender shall account to Borrower for the
<br />excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<br />shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall payhi lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptlyrefund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrowltems, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the oblggation secured by the lien in a manner acceptable m lender, but only so long as
<br />Borrower is performing such agreemenp (b) contests the lien in good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while Nose proceedings are
<br />istrumenl. It Lender determines that any part of Me Property is subject to a
<br />Instrument, Lender may give Borrower a notice identi ng the lien. Within
<br />1, Borrower shall satisfy the lien nr lake one or more o the actions set forth
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification and/or reporting service
<br />used by lender in connection with this loan.
<br />5. Properly Insurance. Borrower shall keep the improvements now existing or hereafter erectedon the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by
<br />Borrower subject to lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone
<br />determination, certification and tracking services; or (b) a one -time charge for flood zone determination and certification
<br />services and subsequent charges each time remappmgs or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also be responsible for the payment of any fees imposed y the Federal
<br />Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection
<br />by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender my obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the
<br />Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significan�dy
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by lender under Mils Section 5 shall
<br />become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate
<br />from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />Payment.
<br />All insurance policies required by Lando and renewals e, such policies shall be subject mo to tender's right or
<br />disapprove such policies, shall include a standard mortggage clause, and shall name lender as mortgagee and/or ro er
<br />shall promptly payee. Lender shoe receipts the right premiums th and and renew. IfB Lender any form shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any fr>rm of insurance
<br />NEBBASI gingle Faauly— Fannie MaeTreddie Mae UMFOIIM INSTRUMENT Form3028 1 /01 (Page 3 nJ8pagr�)
<br />4r5a CV paR) (311863
<br />COTOv(C2tla1b)
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