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<br />20'080'4681
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<br />premiums, if any, or any sums payable by'Borrower ,to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are ,called '~,Escrow
<br />Items." At origination or at any time during the term of the Loan, Lerider may requite that Community
<br />Association Dues, Fees, arid Assessments, if any, be eScrowed by Borrower,and subhdues,'feesimd
<br />assessments shall bean Esctow Item. aorrower shall promptly furnilih to Lender all notices of amounts to
<br />be paid under tllis Section. Borrower shaH pay '..cuder the Fund!; for Escrow ltemsunless Lender waives
<br />Borrower's obligation to pay tl~e Funds for any or'al1 Escrow Items. Lendermaywaivenorrower's
<br />obligaiion to pay to Lender. Funds for any or all Ese-roW Ttemsatanytime. Any ,such waiver may only be '.
<br />in writing. In the event of such waiver, Borrower shall pay directly,when aM when;, payilble, the amounts
<br />due for any Escrow hems for whichpaymerit of Fundshqs beenwaivedbYLender arid, ifI.ender.requires,
<br />shall limlish to Lender receipts evidencing such payment within such time period as Lender may'fequire.
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<br />Borrower's obligation.ton;iakesliClipaymerttsand to provide receipts shall fot an' purposes be deemed to
<br />' bea c<)veIlantahcl agreementc<mt~il1t:djn llji(Securitylnstnuuellk as. the phr~se"c6vell3ntlltida$reein~ht"
<br />is used ,in . seciioi1~9~, .If .,Borr.<rwetis,. "oblig<lted topaya$croW....tt)fuS..dlrecHy;p~lisU'@t'tQ:awai~er, . and
<br />"'Borrowetfails tOPil.Ytiieam()Ul1t .due 'forM :13scrowI(etri;llrtde{rrmyexercise\lts rightsllnd~fSecd()i1 9..
<br />afid,pay ,.suCll alt10uhtand '130Tr.owershall ;then. be ',obligated . under Section '9 td repay to ,Lender ,any.' stich .
<br />amount, "Lender may revoke',the~aiYer' as to' any. or .aU"Esctow Items atai1ytirriebyanotice,'given in
<br />. ai:-cordance'WjthS~tion' J 5 " and, Upon. such' revo~tjob, BorrOwer shaH pay. to Lender all I:<'un<is, and in.
<br />s1.lcham6unts,th~t are then required under thisSecti ori3 , , ..,. . , " " , .,.. ".. " , . .
<br />. Lender ,may, . at. ~tny time, . cOllect and hold'Pundsio an amotint(a). sufficientto',perinitLellder, roapply
<br />the Funds atthetiine speCified under ,RBSPA, . arid (b) not' to ex:ceed themliximurilamotlnt a lende, t can
<br />reqUireurtderRESPA. tender shall estimate theamount,o(F\lnds due on the basis 6fcurtenidaraand
<br />reasonable estimates of expenctitures of future Escrow Items or otherwise in accordance with Applicable
<br />. Law. . .
<br />The Funds shall be h~14 in an institution .whose deposits are insured bya federal agency,
<br />. instnIme~tality, or entity (including Lender ,if Lender is an institution whose deposits are so insured). Or in
<br />any Federal Home. Loan Bank. .Under shall apply the FundS .to pay the Escrow Items no latetthanthe time
<br />specitiCdunder RESPA. Lend~rshall not charge Borrower for holdi.ng and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays B(jrrower interest on the
<br />Funds and Applicable Law permits Lender to make slIch atharge.UnleSs an i1greementis rnadein wri.ting
<br />or Applicable Law requires interestw be paid On the Funds, Lender shall1iot berequircil to pay:BorrQwer
<br />any interest or earnings orithe Funds. BorroWer and Lender can agree in writing, howeVer, lhat interest
<br />. shall be paid on the' Funds. Lender shall give 10 Borrower, without charge, an annllal aCcounting of the.
<br />FUnds as. required by RESP A; .' " , , .
<br />Tfthere is a surplus of Funds held in escrow, as defined underRESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with ImSPA, If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower asrequiied by RESPA, and Borrower shall pay to
<br />Lender the amount nect':ssary to inake up the shortage in accordance with RESPA, but in nO ll'10re than 12
<br />monthlypayinents. If there isa deficiency of Funds held in escrow, as defined nnderRESPA, Lendershail
<br />notify Borrowet:as required by RES}> A,and, Borrower shall pay to l...cnder the amount necessary to make
<br />up the deficiency in accordance with RBSPA, but in no more than It monthly paymellts.
<br />. Upon payment in f1111 of all :roms seCured by this Security Instrument, Lender shall promptly refund
<br />to Borrower arty Funds held by Lender. . . .
<br />4. Charge<;; Lie~, BorroWer shall P<lY all taxes, assessments, charges; .fines, and impositions
<br />attributable to the Property which can attain priority over this 'Security Instrument, leasebold payments or
<br />. Sroulld rents.on the Property, .ifany, and Community Association Dues, Fee.~; and Assessments, .if any. To
<br />the extent that these items are, Escrow ,ltems, BOrr(>wer' shall. pay them. in. the manner provided in Section, 3.
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<br />Pogo 6 of 16
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<br />'""'~ 11161
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<br />0110280606
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<br />G-6(NEI 10407).02
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<br />F'orm 3028 1/01
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