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200905993 Funds due an the 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tame sp~ified under RESPA. Lender shall not charge Harrower for holding and applying the Funds, aanually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing ar Applicable Law requires iuterest to be paid on the Funds, Lender shall not be required to pay Harrower any imerest or earnings an the Funds. Borrower and Lender can agree iu writing, however, that interest shall be paid an the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by 1ZESPA. If there is a surplus of ]"ands held in escrow, as defined under RESPA, Lender shall account to Borrower far the excess funds in accordance with 12F.SPA. If there is a shortage of Funds held in escrow, as defined under 12ESPA, Lender shall notify $orrower as required by ItESPA, and Horrower shall pay to Lender the amount necessary to make up the shortage in accordance with 12ESPA, but in no wore than 12 monthly payments. If 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 deficiency in accordance with ItESPA, but in na 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. Charges; Liens. Harrower shall pay all taxes, assessments. charges, fumes, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents an the Property, if any, and Community Association Does, 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. Borrower shall promptly discharge any lren which has priority over this Security Instrument unless Borrower: (a) agrees in writing to file payment of the obligation secured by the lien in a manner acceptable to Lender, but only sa long as Harrower is performing such agreement; (b) contests the lien in goad faith by, ar defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while thane proceedings acre pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfac~ary to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority aver this Security Instrument, Lender may give Borrower a notice ideiitifying the lien. Withiu 1.0 days of the date an 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. Lender may require Borrower to pay aone-time charge for a real estate tax verification and/or reporting servfce used by Lender in connection with this Loan. S. Property Insurancti. Harrower shall keep the improvements now existing or hereafter erected on the Property insured against lass by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and AIS$RASXCA-»SfaplaFanrBy--SmimMWFreddmAlwi!!!aPO7tA[i7iRrRI7b7~TPPerp0.9878 iro GCC - G3028~06 (09/01) (Page 6 of /9) Ipitisis: