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<br />The Funds sha11 be held in an. institrrtian whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lend, if Lender is an institution whose deposits are sa insured) ox in any Feck~sal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items no later than the time specified under ItESPA. Lender shall not charge $orrov,+ar far
<br />holding and ap~ying the Funds, annually analyzing the escrow accouw, or verifying the Escrow Items, uuiess Lender pays
<br />Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreea~ut is made in
<br />writing or Applicable Law requires interest to be paid an the Funds, Lender shall nut be required to pay Borrower any interest
<br />or earnings an the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid an the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds as requited by RESI'A.
<br />If there is a surplus of Funds held in escrow, ~ defined under RESFA, Landes shall account th Borrower for the excess
<br />funds in accordance vuixh RESPA. If there is a shortage of Fturds held in escrow, as deftt>ed under ItESFA, Lender shall notify
<br />Borrower as required by 1ZESFA, and Borrower shall pay to Lender the amount necessary >p make up the shortage in
<br />accordance with RESFA, but in ~ mare than 12 monthly payments. If there is a deficietrcy of Funds held in escrow, as defined
<br />ulcer I2ESFA, Lender shall notify Borrowez as required by 1tF,SPA, and Bonrow~:r shall pay to Lendez the amount necessary to
<br />make up the deficiency iu acmrdance with 1tESFA, but in no more than 12 monthly payments.
<br />Upon payment in hill of all sums secured by this Security Instrtment, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />~. Charges; T,iena Borrower shall ~+ all taxes, assessments, charges, fines, and impositions attributable to the Property
<br />which can attain priority o~' this Security Instrument, leasehold payments or ground rents on the Property, if auy, and
<br />Carunrrtnity Association Dues, Fees, and Assessanews, if any. To this extent that these iMems are Escrow Items, Borrower shall
<br />pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instruruerrt .unless Borrov~r: (a) agrees in
<br />writing to the paymcxrt of the obligation secured by the lien in a manner acceptable to Lendez, but only so long as Borrower is
<br />performing such agreement; (b) con#ests the lien in good faith trp, or defends agait~t enforceriuertt of the lien in, legal
<br />proceedings which in Lender's opinion operate to prevent the enfoxceraent of the lien while those proceedings axe pending,
<br />but only twtil such proceedings are concluded; or (c) sectves from the holder of the lien an agreement satisfactory to Lender
<br />subordinating the lien to this Security Instrument. If I.en~r detemrittes that any part of the Property is subject to a lice which
<br />can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Rrthin 10 days of the
<br />date on which that notice is given, Borrower shall satist~ the lien or take orre or more of the actions set forth shave in this
<br />Section 4.
<br />Lender may require Borrower to pay sore-titre charge foz a real estate tax verification and/or reporting service used by
<br />Lender th connection with this Loan.
<br />5. Property Insurance. Borrotiver shall laeep the improvements now existin; or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage," and arty other hazards incltrdir~, but not limited to,
<br />earthquakes and floods, for which Lender xequires insurance. This insurance shall be maitttauned in the attxounts (including
<br />deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences cart
<br />change during the term of the Loan. The insurance carrier providing the irrsruarice stroll be chosen by Borrower subject to
<br />Lender's right la disapprove Borrower's choice, which right shall rat be exercised wareasonably_ I..ender may require Borrower
<br />to pay, in connection with #his Loan, either: (a) a oxte-time charge for flood zone determination, certifcation atxl tracking
<br />services; ar (b) a one-time charge for flood zone detemnination and certification services and subsequent charges each time
<br />remaplangs or similar changes occur which- reasonably might affect such determination or certification. Borrower shall also be
<br />responsible for the payment of atry fees imposed by the Federal Emergency Manageme~tt Agency in connection wiftr the
<br />review of auy flood zone determination resulting from ar4 objection by Borrower.
<br />if Borrower fails to maintain amt' of the coverages described above, Lender mart' obtain insurance coverage, at Lender's
<br />option and Borrower's expense. Lender is under no obligation to purchase arty particular type or amount of coverage.
<br />Therefore, such coverage shall cover Lender, but might or might nvt protect Borrower, Borrower's equity iur the Property, or
<br />the oanterrts of the Property, against auy risk, hazard or liability and might provide greater or lesser coverage than vs~as
<br />previously in effect. Borrower ackrtowl~lges that tyre cost of the insurance coverage so obtained might significantly exceed
<br />the cost of insurance that Borrower could have obtained Any arrrounts disbursed by Lender under` this Section S shall
<br />become additional debt of Borrower secured by this Security Instrumem. These amounts shall bear interest at the Note rate
<br />from the date of disbursement and shalt be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />N6gRq$KA - Sirgle ~amNy - Fannie MaaJFroddie Mao UNIFC]RRA INSTRU1dIL"-NT ~ ~~ ~/
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