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200705840 premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mongage tnsurance premiums in accordance with the provisions of Section 10. These ittms are called "Escrow Items." A~ origination or at any time during the term of the Loan, Lender may require that Community Association Dues. Fees, and Assessmen~s. if any, be escrowed by Borrower. and such dues. fees and assessments shall be an Escrow Hem. Borrower shall promptly furnish to J..ender all notices of amounts to be paid under this Section. Borrower shall pay l-encJer the Funds fOr Bscrow Items unless Lender waives Borrower's obligation to pay the Funds for any or ail Escrow Items. Lender may waive Borrowtrr's obligation to pay to Lender Funds for any or ail Escrow Items at any time. .Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, whe:ll and where payable, the amounts due for any Escrow Jt~ for which payment of Funds has boen waived by LendL'r and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. aorrower's obligation to make such payments and to provide receipts shall for aU purposes be deemed to be a covcnartt and agreement contained in this Soourity InstrUment, as the phrase "covenant and agreement" is used in Section 9. 'If Borrower is obligated to pay Escrow Items directly. pursuant to a waiver. and Borrower fails to pay the amount due for an EsCrOW Item. Lender may ~ercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to r~ay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notioo given in accordance with Section 15 and, upon such revocation, Borrower sball pay to Lendor all Funds, and in such amounts, that are tllen required under this Section 3. Lenc:ler may. at any time. collect and hold Funds in an amount (a) sufficient to pennit lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the m<IJI:imum amount a lender can require under RESPA. undor shall estimate the al'nOll11t of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or othelWise in acc()rdance with Applicable Law. The Funds shall be held in an institution whose deposil.$ are insured by a federal agency, instmmentality, or (''1'IfHy (including Under, if Lender is an institution whose deposits are so insured) or in any Fedml Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RBSPA. Lender shall not charge Borrower for bOlding and applying ~he Funds, annually analyzing the escrow account. or verifying the &crow Items, unless Lender pays aorrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law r(;!Cjuire.s interest to be paid on the Funds, Lendet shall not be required to pay Borrower any interest or earnings 011 the Fu.nd$. Borrower and Lender can agree in writing, however. that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RBSPA. If there is a surplus of Funds held in eSCrOW, as defined um1er RESPA, Lender shall account to Borrower for the excess funds in OlccOrdance with RESPA. If there is a shortage of Funds held in escrow. as defined under RESPA, Lender shall notify Borrowtt as required by RESPA, and Borrower shaH pay to Lender the amount necessary to make up Ule shortage in accordan.ce with RESPA, but in no more than 12 monthly payments. If there is a deticiency of Funds held in escrow. as clet1ned under RESPA, Lender shall notify Borrower as required by RESPA. and Borrower shall pay to Lender the amount necessary to make up the deficiency 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 narrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all wes. assessments, charges, fmes, and impositions a~tributable to the Proporty which can attain priority over this Security Instrument, leasehold paymt.'1'Iliil or ground rents on the Property, if any, and Community Association Dues. Fees, and ASseS5DJ1;.'nt.Q, if any. To the extent that these items arc Escrow Items, Borrower shall pay \hem in the manner provided in Secdon 3. _ -SINEI 100(5) f';!!IO I; of 15 ~f Form 302B 1'01