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<br />2007()OOOl
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<br />account, or veri tYing the Escrow Items, unless Lender pays Borrowcr intcrest on thc Funds and Applicable Law
<br />permits Lender to make sUi;h a i;hargi;. Unkss an agreement is made in writing or Applicabk Law n:quires
<br />intcrcst to bc paid on thc Funds, Lender shall not be required to pay BOlTower any intcrcst or carnings on the
<br />Funds. Borrower and Lender can agree in writing, howcver, that interest shall be paid on the Funds. Lender
<br />shall givc to Borrowcr, without chargc, an annual accounting ofthc Funds as rcquircd by RESPA.
<br />If there is a surplus of Funds held in escrow, as dcfined under RESPA, Lender shall account to Borrower
<br />for the excess funds in accordance with RESPA. If there is a shortage of Funds hcld in escrow, as defined
<br />under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the
<br />amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly
<br />payments. If there is a deficiency of Funds hcld in escrow, as defined under RESPA, Lender shall notify
<br />Borrower as required by RESPA, and Borrowcr shall pay to Lender the amount necessary to make up lbe
<br />deficiency in accordance with RESPA, but in no more than 12 monthly paymcnts.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to
<br />Borrower any Funds hcld by Lender.
<br />4. Charges; Liens. !3oHowcr shall pay all taxes, assessments, chargcs, tincs, and impositions attributable
<br />to the Property which can attain priority over this Security Instrumcnt, leasehold payments or ground rents on
<br />the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these
<br />items arc Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the paymcnt of the obligation secured by the lien in a manner acccptable to
<br />Lender, but only so long as Borrower is perfonning such agreemcnt; (b) contests the lien in good faith by, or
<br />defends against enforcement of the licn in, legal proceedings which in Lcndcr's opinion operate to prcvent the
<br />enforcemcnt of the lien while those procccdings are pending, but only until such proceedings arc concluded; or
<br />(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security
<br />Instrument. If Lender detennines that any part of the Property is subject to a lien which can attain priority over
<br />this Security Instrument, Lendcr may give Borrower a noticc identifying thc licn. Within to days of the date
<br />on which that notice is given, Borrower shall satistY the lien or take one or more of the actions set torth above
<br />in this Section 4.
<br />Lender may rcquire Borrower to pay a one-time charge for a real estate tax verification and/or reporting
<br />service used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hercafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and any other
<br />hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This
<br />insurance shall bc maintained in the amounts (including deductible levels) and for the periods that Lender
<br />requires. What Lender rcquires pursuant to the preceding sentences can change during tht: term of the Loan.
<br />The insurance carrier providing the insurance shall bt: chosen by Borrower subject to Lender's right to
<br />disapprove Borrower's choice, whii;h right shall not be exercised unreasonably. Lender may require Borrower
<br />to pay, in connection with this Loan, either: (a) a onc-time charge for flood zone determination, ccrtification
<br />and tracking services; or (b) a one-time charge for flood zone determination and certification services and
<br />subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also be responsibk for the payment of any fees imposed by the
<br />Federal Emergency Management Agency in connection with the review of any flood zone determination
<br />resulting from an objcction by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage,
<br />at Lender's option and Borrowt:r's expense. Lender is under no obligation to purchase any parlii;ular type or
<br />amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower,
<br />Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and
<br />might provide greater or lesser coverage than was previously in etfeet. Borrower acknowledges that the cost of
<br />the insurance coverage so obtained might significantly t:xceed thc cost of insurance that Borrower could have
<br />obtaincd. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower
<br />secured by this Sei;urity Instmment. These amounts shall bear interest at the Note rate from the date of
<br />disbursement and shall be payable, with such interest, upon notice trom Lender to Borrower requesting
<br />payment.
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<br />~rlil~limf~iril~(liliflliliirlil~liilil~rilil \1ac UNIFORM INSTRUME~T
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<br />Form 3028 1/01 (page 5 of 13 pages)
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