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.� 2oioo�so� Mnrtgagor nr Grantor will pay those amounts to Lender unless Lender tells Mortgagor or Grantor, in writing, Chat Mortgagor or Grantor does not have to do so, or unless the law r�yuires otherwise. Mortgagor or Grantor will make those payments at the times required by l,ender. Lender will estunate from time to time Mortgagor or Grantor's yearly taxes, assessments, leasehold payments or �round r�nts and insurance prerniums, which will be called the Escrow Items. Lender will use existing assessments and bills and reasonable estimates of future assessments and bills. Thc amounts that Mortgagor or Grantor pays to L�nd�r for Escrow Items under this section will be called th� Funds. Lend�r will collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortga�e loan may require for Mortgagor or Grantor's escrow account under th� f�deral Real Estate Settlement Procedur�s Act of 1974 (as amended), unless another law that applies to the Funds sets a lesser amount. If so, Lender will c�llect and hold Funds in the lesser amount. Lend�r will keep the Funds in a savings or banking institution which has its deposits or accounts insured or guaranteed by a f�deral or state agency. If Lender is such an institution, Lender may hold the Funds. Lender will use the Funds ta pay the �scrow Items. Lender will give Mortgagor or Grantor, without charge, an annual accounting of the Funds. T'hat accounting must show all additions to and deductions frc�m th� Funds and the reason for each d�:duction. Lender may not charge Mortgagor or Grantor for holding or keeping the Funds, for using the Funds to pay Escrow Items, for analyzing Mortgagor or Grantor's payments of Funds, or for receiving, v�rifying and totaling assessments and bills. However, Lender may charge Mort�agor or Grantor for these services if Lender pays Mortgagor or Grantor interest on the Funds and if the law p�rrnits Lender to make such a charge. Lender may require Mortgagor or Grantor to pay a one-time charge far an independent real estate tax reporting service used by L�nder in accordance with the Secured Debts, unless applicable law provides otherwise. Lender will not be required to pay Mortgagor or Grantor any interest or earnings on the Funds unless either (i) Lender and Mortgagor or Grantor agree in writing, at the time Mortgagor or Grantor signed this Security Instrument, that Lender will pay int�rest on the Punds; or (ii) the law requires Lender to pay interest on the Funds. If the Funds held by Lender �xceed the arnounts permitted to be held by applicabl� law, Lender will account to borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the funds held by Lender at any time is not sufficient to pay the Escrow Items wh�n due, Lender rnay notify borrower in writing, and, in such case, borrower will pay to Lender the arnaunt necessary to make up the shortage or deficiency. Borrower shall make up the shortage or deficiency as Lender directs, subject to the requirements of applicable law. If, by reason of any default under this Security Instrument, Lender declares all Secured Debts due and payable, Lender may then apply any Funds against the Secured Debts. When Mortgagor or Grantor has paid all of the sums secur�d, Lender will promptly refund to Mortgagor or Grantor any Funds that are then being held by Lender. Mort ge Ridar VMP� Benkars SystemsTM Woiters Kluwar Financia� Services � 2009 U5B-MTG-R 3l26/2010 Pege 2 0( 3