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<br />4476989426
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<br />200603843
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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance
<br />premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At
<br />origination or at any tune during the term of the Loan, Lender may require that Community Association
<br />Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be
<br />an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this
<br />Section. Borrower shall pay Lender the Funds for Escrow Item.<; unless Lender waives Borrower's obligation
<br />to pay tile 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 tiIne. Any such waiver may only be in writing. In the event of such
<br />waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for
<br />which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br />evidencing such payment Witlilll such tiIne period as Lender may require. Borrower's obligation to make such
<br />payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contauled
<br />in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is
<br />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 WIder Section 9 and pay such amount and Borrower shall tIlen be
<br />obligated under Section 9 to repay to Lender any such amount. Lender may revoke tIle waiver as to any or all
<br />Escrow Items at any tiIne by a notice given in accordance witIl Section 15 and, upon such revocation,
<br />Borrower shall pay to Lender all Funds, and in such amounts, that are tIlen required under this Section 3.
<br />Lender may, at any tiIne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />tIle Funds at tIle tune specified WIder RESPA, and (b) not to exceed tIle maxiInwn amount a lender can
<br />require wIder RESP A. Lender shall estinlate the amount of Funds due on tlle basis of current data and
<br />reasonable estullates of expenditures of future Escrow Items or otIlerwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality,
<br />or entity (including LeIIder, if Lender is an ll1<;titution whose deposits are so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay tlle Escrow Items no later than tI1e time specified under
<br />RESPA. Lender shall not charge Borrower for holding and applyulg tIle Funds, annually analyzing the
<br />escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on tlle Funds and
<br />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 ulterest or
<br />eamiIlgs on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the
<br />Funds. Lender shall give to Borrower, without charge, an annual accounting of tlle Funds as required by
<br />RESP A.
<br />If there is a surplus of Funds held in escrow, as defmed under RESP A, Lender shall account to
<br />Borrower for the excess fu1Ids in accordance with RESP A. If tllere is a shortage of Funds held in escrow, as
<br />defmed under RESP A, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance witll RESP A, but in no more than 12
<br />montWy payments. If tIlere is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender tlle amount necessary to make up
<br />tIle deficiency in accordance with RESPA, but in no more than 12 montIlly payments.
<br />Upon payment in full of all sums secured by this SeL'Urity Instrument, Lender shall promptly refund to
<br />Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and iInpositions
<br />attributable to tlle Property which can attain priority over tlils SeL'Urity Instrument, leasehold payments or
<br />ground rents on the Property, if any, and COllllllllnity Association Dues, Fees, and Assessments, if any. To tIle
<br />extent that these items are Escrow Items, Borrower shall pay them in tile manner provided in Section 3.
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<br />.-6A(NE) (0407)
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