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�oious��7 Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or atherwise 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. I.ender sha11 apply the Funds ta pay the Escrow Items no later than the time specified under RESPA. Lender shall nat charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless I.ender pays Borrovver interest on the Funds and Applicable Law permits Lender to malce such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid an the Funds, Lender shall not be required to pay Borrawer any interest or earnings on the Punds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. I.ender shall give to Borrower, without charge, a:n annual accounting of the Funds as required by RESFA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of �'unds held in escrow, as de�ned under RESPA, L.ender shall notify 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. Tf there is a deficiency of Funds held in escrow, as de�ned under RESPA, L.ender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the 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 pramptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or graund rents on the Property, if any, and Community Association Dues, 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 sha11 promptly discharge any lien which has priority over this �ecurity Instrurnent unless Borrower: (a) agrees in writing to the payment of the obligation s�cured by the lien in a manner acceptable ta I.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 proceedings which in Lender's opinian aperate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreernent satisfactary to Y,ender subordinating the lien to this Security Instrument. If Lender determines that any part of the Praperty is subject to a lien which can attain priority over this Security Instrument, L.ender may give Borrower 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 of the actians set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insarance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthqualces and �i��►.5� -^ Single Family -- Fannie Mse/Freddie Mac UNIFORM INSTRUMENT Form 3028 Ql GCC - G3028-06 (09/Ol) (Page 6 of 19) Xnitials: