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2005089f6
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Bono
<br />r for the
<br />excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESP
<br />k, Lender
<br />shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to ma
<br />kr, up the
<br />shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Fun
<br />is held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to I
<br />ender 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 promptly refimd to Igor
<br />ower any
<br />Funds held by Lender. Borrower shall not be obligated to make such payments of Funds to Lender to the e
<br />nent that
<br />Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional
<br />ender. if
<br />under Section 21 the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply no
<br />later than
<br />immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />lication
<br />as a credit against the sums secured by this Security Instrument.
<br />4. Charges; Liens. Borrower shall perform all of Borrower's obligations under any mortgage, deed of
<br />trust, or
<br />other security agreement with alien which has priority over this Security Instrument. Borrower shall pay when due
<br />all taxes,
<br />assessments, charges, fines, and impositions attributable to the Property which can attain priority over thii
<br />Security
<br />Instrument, leasehold payments or ground rents on the Property, if any, and Community Association. Dues,
<br />Fees, and
<br />Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided
<br />in
<br />Section 3.
<br />Borrower shall promptly discharge any lien other than a lien disclosed to Lender in Borrower's applicatior
<br />or in any
<br />title report Lender obtained which has priority over this Security Instrument unless Borrower- (a) agrees is wrii
<br />Ing to the
<br />payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is p
<br />-rforming
<br />such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceed'
<br />igs which
<br />in Lender's opinion operate to prevent the enforcement of the lien, while those proceedings are pending, but only
<br />'I such
<br />proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordiiating
<br />the
<br />lien to this Security Instrument.
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification and/or reporting se
<br />vice used
<br />by Lender in connection with this Loan if allowed under Applicable Law.
<br />S. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on th
<br />Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards includit
<br />g, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in th
<br />amounts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the
<br />xeceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be
<br />hosen by
<br />Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonabl
<br />. Lender
<br />may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone dete
<br />tion,
<br />certification and tracking services; or (b) a one -time charge for flood zone determination and certification s
<br />'ces and
<br />subsequent charges each time remappings or similar changes occur which reasonably might affect such dete
<br />tisen or
<br />certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal E
<br />mrgency
<br />Management Agency in connection with the review of any flood zone determination resulting from an obj
<br />ction by
<br />Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage,
<br />at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or
<br />ount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or alight not protect Borrower, Borrower's
<br />ity in the
<br />Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser
<br />coverage
<br />don
<br />an was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might si
<br />ficatrtly
<br />the cost of insurance that Borrower could have obtained, Any amounts disbursed by Lender under this
<br />ection 5,
<br />shall be added to the unpaid balance of the loan and interest shall accrue at the Note rate, from the time it was ad
<br />ed to the
<br />unpaid balance until it is paid in hull.
<br />Subject to Applicable Law, all insurance policies required by Lender and renewals of such policies shall
<br />I ic subject
<br />to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as
<br />x iortgagee
<br />and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates.
<br />T Lender
<br />requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains
<br />any
<br />form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy
<br />shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional 1 pa
<br />Lon ILO: 121760239 Initials:
<br />Nabraalm Deed of Tn at- Single Famuly- Secondary Idea M"A Modified Perm
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<br />—THE COW MANCE SOURCE, INC,— page 5 of t t ModIRW Br -"m CmVib,a Sinww, ria."
<br />rvrrw.eaa Sw oft me mm 42002, The CwWha
<br />1420M earn
<br />ace Sounx, Inc.
<br />
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