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2oioosos2 Funds due on the basis of current data and reasonable estimates of expenditur�s of future Escrow Ttems or otherwise in accordance with Applicable Law. '1"he Funds shall be held in an institution whose deposits are insured by a federal agency, instrurnentality, or entity (including Lender, if Lender is an institution whose deposits a�re so insured) or in any Federal Home L.oan Bank. Lender shall apply the Fu.nds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not chazge Borrower for holding and applying the Funds, annually analyzing the escrow account, ar verifying the Escrow Items, unless I.ender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requixes interest to be paid on the Funds, Lender shall not be required to pay Barrpwer any i.nterest or earnings on the Funds. Borrawer and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender sha11 account to Barrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall natify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, T..ender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender che amount necessary to make up the deficiency in accordance with RESPA, but in no 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. Borrower shall pay all taxes, assessments, chazges, fines, and impositions attributable ta the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Comrnunity Association Dues, Fees, and Assessments, if any. Ta the extent that these items are Escrow Iterns, Borrower shall pay them in the manner provid�d in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to L.ender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal pxoceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings aze concluded; ar (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrurnent. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrovver a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more af the actions set forth above in this Section 4. I.cnder rnay require Borrower to pay a one-time charge fox a real estate tax verification and/ox reporting service used by L,�nder in connection with this Loan. S. Property Insurance. Borrower shall keep the itnprovements now existing or hereafter erected on the Property insured against loss by �re, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and �B�S� -- Single Family — Fannie Mae/PL�eddie INac [INIFbRM WSTRUMENT Forw 3028 GCC - G302$-06 (09/Ol) (Page 6 af 19) Initials.