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LOAR fa 0021635891 shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. " there is a surplus of Funds held In escrow, as defined under RESPA, Lender shall account to Borrower for the eXcess funds in accordance with RESPA.lfthere is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage In accordance with RESPA, but in no more than 12 monthly payments. "there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the defioiency 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. Prior Mortgages and Deeds of Trusti Charg..j U.na. Borrower shall perform all of Borrower's obligations under any Prior Lien, including Borrower's covenants to make payments when due. Borrower agrees to prevent any default under the documents for the Prior Uen. Borrower shall not enter into any agreement With the holder of a Prior Uen by which that indebtedness is modified, amended, extended or renewed without the prior written consent of Lender. Borrower shall neither request nor accept any future advances under the Prior Uen Without the prior written consent of Lender. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments Of 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 In Section 3. Unless the lien is a Prior Uen, Borrower shall promptly discharge any lien which has priority over this Security Instrument unless 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 perfonning 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 until such proceedings are concluded; or (c) secures from the holder of the lien an agreementsatlsfactory to l.endersubordlnatlng the lien to this Security Instrument. If Lender determines that any part of the Property Is subjectto a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days ofthe 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. Unless prohibited by Applicable Law, Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loes by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and fioods, for which Lender requires Insurance. This Insurance shall be maintained In the amounts Qncluding deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the loan. The insuranc~ canier providing the Insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exeralsed unreasonably. Lender may require Borrowerto pay, in connection with this Loan, either: (a) a one-time charge for fiood zone detennlnation, cGrtlflcation and tracking services; or (b) a one-time charge for ftood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coyerages described above, Lender may obtain insurance coverage, at Lender's option and Borrowers expense. Lender is under no Obligation to purohase any particular type or amount of coyerage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity In the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost 01 the insurance coverage so obtained might significantly exceed the cost of Insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security InstNment. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such Interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall Include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates, subject to the terms of any Prior Uen. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such polley shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender . lender may make proof of loss If not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, If the restoration or repair Is economically feasible and Lender's seourlty is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to lender's satisfaction, provided that suoh inspection shall be undertaken promptly. Lender may disburse proceeds mrthe repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement Is made In writing or Applicable Law requires interest to be paid on such Insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not eeonomicallyfeasible or Lender's security would be lessened, the Insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to 200701416 tIE Deed of TRllIt . Single Family. Homo Equity (R..... 4106) Page 4 of 9 NEXOEED 0505 j1) .... ,t\7 r-.1.7 '-