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<br />200901255
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<br />Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under
<br />Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any
<br />time by a notice given in accordance with Section 15 and, upon such revocation, BOJroWer shall pay to Lender all
<br />Funds. and in such amounts, that aTe then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the
<br />Funds at the time spe<;ified under RESPA, and (b) not to exceed the maximum amount a lender can require under
<br />RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of
<br />expenditures of fuwre Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RBSPA. Lender
<br />shall not charge Borrower for holding and applying the Funds., annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lender sball not be required to pay Borrower any intere$t or earnings on the Funds. Borrower and Lender can agree
<br />in writing. however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defmed under RESPA, Lender shaD account to Borrower tor
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br />RESPA, Lender shall notifY Borrower as required by RESPA, and Borrower sball pay to Lender the amount
<br />necessllJ)' to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is
<br />a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA,
<br />and BOJrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA. but in
<br />no more thanl2 monthly payments.
<br />Upon payment in full of all swns secured by this Security Instrument, Lender shall promptly refund to
<br />Borrower any Funds held by Lender.
<br />4. Charges; LieDs. Borrower shall pay aU taxes, assessments, charges, rmes, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold paymenlS or ground
<br />rents on 1be Property, if any, and Communily Association Dues, Fees, and Assessments, if any. To the exteIJt that
<br />these items are 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 IIlSIrUment unless
<br />Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to
<br />Lender, but only so long as Borrower is perfuming such agreement; (b) contests the lien in good faith by, or defends
<br />against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement
<br />of the lien while those proceedings are pending. but only until such proceedings are concluded; or (c) secures from
<br />the holder of the lien an agreement satisfactory 10 Lender subordinating the lien to this Security InsIrument. If
<br />Lender determines that any part of the Property is subject to a lien which can attain priority over this Security
<br />Instnunent, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice
<br />is given, Borrower sball satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time chatge for a real estate tax verification and/or reporting
<br />service used by Lender in connection with this Loan..
<br />S. Property Insur8Dce. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including. but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br />D1ainQlioed in the amounts (including deduGtl"ble levels) and for !he periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier
<br />providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice,
<br />which right shall not be exercised unreasonably. Lender may require Borrower to pay. in connection with this Loan, 1M
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