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200213515
<br />origination or at any time during the term of the Loan, Leader may require that Community Association Dues, Fees, and
<br />Assessments, if any, be escrowed by Bonnwer, said such dues, fees and assessments shall be an Escrow Item. Rormwcr shall
<br />promptly famish to Lender all notices of amounts to be paid under this Section. Burrower shall pay Lender the Funds for
<br />Fscnwv Items unless Lender waives Borrower's obligation to pay (Tic Funds for any, or all Escrow Items. Lender may waive
<br />Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time Any such waiver may only be in
<br />writing_ In the evert of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow
<br />Items for which payment of Funds has been waived by Leader and, if Lender requires, shall furnish to Lender receipts
<br />evidencing such payment within such time period as Lender may require. Borrower's obligation to make such paymc f, and
<br />to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as
<br />(tic phrase "covenant and agreement' is used in Section 9. If Ronuwcr is obligated to pay Escrow Items directly, pursuant to
<br />a waiver, and Borrower fails to pay the amount duc for an Escrow Item, Lender may exercise its rights under Section 9 and
<br />pay such amount and Rormwer shall then be obligated under Section 9 to repay to Lender any such annomll. Leader may
<br />revoke the waiver as to any or all Escrow Items at arty time by a notice given in accordance with Section 15 and, upon such
<br />revocation. Borrower shall pay to Lender all Fonds, 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 pernat Lender to apply the Funds at
<br />the time specified under RESPA, and (b) not to exceed the maximum amount a lender unit require under RESPA. Lender
<br />shall estinwte the amount of Funds due on the basis of current data and reasonable estimates of expenditures of hnurc Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits arc insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Rank. Leader
<br />shall apply the Funds to pay the Escrow Items no later than the time specified under RFSPA. Lender shall not charge
<br />Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless
<br />Leader pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Ulnlcax an
<br />agreement is made m writing or Applicable Law requires interest to be paid on the Funds, Leader shall not be required to pay
<br />Borrower any interest or earrings on the Funds. Borrower and Lcndcr can agree in writing, however, that interest shall be
<br />paid on the Funds, lender shall give to Borrower, without charge, an annual accounting of the Finds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lmider 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 them is a deficiency of Funds held in
<br />escrow, as defined under RESPA. Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the
<br />amount necessary to makeup the deficiency in accordance with RESPA, but inno more thanl2 monthly payments.
<br />Upon payment in full of all soots secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all lazes, 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 Escrow Items, Borrower
<br />shall pay them in the manner provided in Section 3_
<br />Borrower shall promptly discharge any lien which has priority over this Serenity Instrument unless Borrower'. (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is perforating such agreement; (b) contests the lira in good faith by, or defends against enforcement of the limn in,
<br />legal proceedings which in Lender's opinion opemm to prevent the enforcement of the lien while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien anagreement satisfactory to
<br />Lender subordinating the Trento this Security Instrument If Larder determines that any part of the Property is subject to a
<br />lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying die lien. Within
<br />10 days of the date on which that notice is Riven, Borrower shall satisfy the lien or rake one or more of the actions set forth
<br />abuvc in his Section 4,
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