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200707405 Oliglllatioll or at any time during the term of the Loan, Lender may require tbat Community AssoeiatiOIl Dues, Fees, and Assessments, if any, be escrowed by BOITower, and such dues, fecs alld assessments shall be an Escrow Item. Borrower shelll promptly hlmish to Lender all notices of amounts to be paid under tbis Sectioll. Borrower shall pay Lender the Funds t()I" Lerow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender Illay waive 130rrower's obligation to pay to Lender Funds for any 01 all Escrow Items at any time. Any sueli waiver m,IY only be in writing. In the event of such waiver, Boml\ver shall pay directly, whcn and whcre payablc, the arllounts due le)r any Escrow it,:nls le)r wllieh pilYlllent of Funds bas becn waived by Lender and, if Lcndn requires, shall furnish to Lender rccelpts cvidencing such pilyment within such time period as Lender may require, Borrower's obligation to make sllell pilYlllellts ellld to prOVide reeeipts shall tcn all purposes be deemed to be a covenant and agreernent containcd in this Security Instrumellt, as the phrase "covenant and agrecment" is uscd ill Section 9. If Bon'ower is obligated to pay Escrow Items directly, pursuant. to a waiver, and Borrower bils to pay the amount due fell' an Escrow lterll, Lender lllay exercise its rights under Section l) ,llId p;IY such ,llllounl and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Len(kr Illay revoke the waiver as to any or all Escrow Items at any time by a notiee given ill accordanu; with Section 15 and, upon such revoeatioll, Borrower sll,lll pay to Lender all Funds, and in such amounts, that are thcn required under this Section 3, LeliLkr may, at any time, collect and hold Funds in an amount (a) sufficient to pellllit Lellder to apply the Funds at the tirnc specified under RESPA, and (b) not to exceed the maximum amount a lender can require undn RESPA. Lender sha II estimate the amount of Funds due on thc basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits arc insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or iu any Federal Home Loan Bank. Lender Sll,dl dPply till' Funds to pay the Escrow Items no later tban the time specified under RESPA. Lender shall not charge Borrower lor holding and applying the Funds, annually analyzing the escrow account, or vt;rifying the Escrow Items, unless Ll:nder pays Borrower interest on the Punds and Applicablc Law permits Lender to make such a charge. Unkss ,III agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to PdY Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that inten.:st sh,1I1 he p,lid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESP,.\, If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower f(.lr the excess funds in accordance with RESP A. If there is a shortage of Funds beld in escrow, as defined under I{ESPA. Lender Sll,dl Ilotily BorI'Uwer as rcquired by RESPA, and Borrower shall pay to Lender the aJnount necessary to m,lke up the slwrulge in accordance withRESP A, but in no more tban 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESP A, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the arnount necessary to make up the deficiency in accordance with RESP A, but in no more thanl2 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall prOlnptly rcflllld to Borrower <illY Funds Ilekl by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and irnpositions attributablc to the I'roJlCit)' which Cdn attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if ;IIIY, and Conununity Association Dues, Fees, and Assessments, if any. '1'0 the extent that tbese itenls arc EscI'UW !terns, BonolVer shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (,I) agrees in writing to tbe payment oftbe obligation secured by tbe lien in a manner acceptable to Lender, but only so long as Borrower is perteJrlnillg such agrecment; (b) contests tbe lien in good Elith by, or defends ag;linst enforecrnent offhe hen in, kgal plOceedings which in Lender's opinion operate to prevent the enf()l'cernent of the lien while those proeeedlllgs arc IKlldIIIL~. but only \Illtil such proceedings are concluded; or (c) secures ti'OIll thc holder ofthc lien an agrcelllent satisbletory to L,Tldl'l suhordin:itillg the lien to this Security lnstrurnent. If Lcnder detennines that any part of the Property is subjeet to a liell which can attain priority over this Security Instrument, Lender lTlay give Borrower it notice identifying the lien. Within I () days of the date on which that notice is given, BOrTowcr shall satisfy the lien or take one or more of the actions set jrnth above in this Section 4. Loan No: 127317292 Initials: \.,III'",\;a Deed uf Trll,t-Sil1f~l~ Family-Fannie M>I,,/Fn'ddi,' M.>lr UNIFORM INSTlHIM.ENT '1'111.: (:OI\II'U,\I\CE S<HII((;", INC.- Pag" 5 of 13 1 111I11 111I1 III!I 1/1/1 11111 11111 111111111I IIIII!III IIII! 11111 IIII!I III \"':1'.11'. [olnpliaIlCt;:.\()lIlL:L:.(:<Hll M.ERS 'Vlotlilh,d FurIll3112,~ 111/111 ]~JOli\'F (HUOII ,nl(J(J(), Thl' ("\I'llpJi~IIIL"l' ,-)(\III'L:L" J]II"