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<br />and (d) Mortgage Insurance premiums, ifany, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at
<br />any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be
<br />escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender
<br />all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender
<br />Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower
<br />shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived
<br />by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender
<br />may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a
<br />covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If
<br />Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an
<br />Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under
<br />Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice
<br />given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts,
<br />that are then required under this Section 3.
<br />
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time
<br />specified under RESP A, and (b) not to exceed the maximum amount a lender can require under RESP A. Lender shall estimate
<br />the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or
<br />otherwise in accordance with Applicab Ie Law.
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<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including
<br />Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the
<br />Funds to pay the Escrow Items no later than the time specified under RESP A. Lender shall not charge Borrower for holding and
<br />applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest
<br />on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable
<br />Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds.
<br />Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower,
<br />without charge, an annual accounting of the Funds as required by RESP A.
<br />
<br />If there is a surplus of Funds held in escrow, as defmed under RESP A, Lender shall account to Borrower for the excess funds
<br />in accordance with RESPA. If there is a shortage of Funds held in escrow, as defmed under RESPA, Lender shall notify
<br />Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance
<br />with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under
<br />RESP A, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESP A, but in no more than 12 monthly payments.
<br />
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds
<br />held by Lender.
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<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property
<br />which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and
<br />Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall
<br />pay them in the manner provided in Section 3.
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<br />G-6A(NE) (0407)
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