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200502951 DOC ID #: 0009051254203005 Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due undo-, the ,A Note shall not extend or postpone stBo rowers shall paygto Lender on day PPerlodi cPaymeents are due under 3. Funds for Escrow to provide for payment of amounts due fox: (a) the Note, until the Note is paid in full, a sum (the "Funds") riorip over this Security Instrument as a lien or taxes and assessments and other items which can attain priority premiums encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or ms in any sums payable by Borrower to Lend er Theseuitemshar called tEscrowlt Mortgage At orcgmatpi °a atr a any accordance with the provisions of Section 10. time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, otnces of dues, fees and assessments shall b to be paid under this Section. Borrower ;hall Borrower shall promptly furnish to Lender pay Lender the Funds for Escrow Items Borrower sobligatio Borrower's toSLender obligation any or all Escrow or all Escrow Items. Lender may waive such waiver may only be in writing. In the event of such waiver, Borrower shall pay Items y, any time. Any , Escrow Items for which payment of Funds has directly, when and where payable, the amounts due for any been waived by Lender and, if Lender requires, shall famish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide in this Security receipts shall for all purposes be deemed to agreement" covenant used n Section 9. f Borrower it obligated to pay Instrument, as the phrase covenant and ag Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due far an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the Borrowessha 1 Items at any time by a notice given . in accordance are th n x °q�rea unde p his Section 3. pay to Lender all Funds, and in such amounts, 1 the Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current cable Law. reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with App The Funds shall be held in an institution whose deposits are insured by a federal agency,' Federal Home or entity (including Lender, shall if 1 e herFunds institution h whose Items no later l Sthan the time specified under Loan Bank.. Lender sha apply RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Unless anaagrreme orrower made tin on the writing orS Applicable cLaw Law permits Lender to make such a charge. requires interest to be paid on the Funds, Lender in writing, however, that pay nteres Borrower hall be paid on the Funds. on the Funds. Borrower and Lender can g RESPA. Lender shall give to plus Borrower, inds held in escrow, as defined under RESPA, Lender ,shall account to Borrower If there is a surplus o for the excess funds in accordance with RESPA. Pas ref required �� RESPAg and Borrowerlahall pay t Lender the under RESPA, Lender shall notify Borrower q amount necessary to make up the shortage in accordance with RESPA, but in no more than sh ]rl notify payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided on Section Security Instrument unless Borrower shall promptly discharge any lien which hasp Y Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only Lensuch proceedings n he lien toted; or (c) secures from the holder of the lien an agreement satisfactory en which Security Instrument. If Lender determines that any PBorrower Property ice identifying theilien. Wi hm 10 days priority over this Security Instrument, Lender may g of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay cone -time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. Initial,� �� Form 3028 1/01 4= 6A(NE) (0005).01 CHL (01/01) Page 4 of 11