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201009091
<br />premiwms, if any, or any suma payable by Bnrrower to Lex�ie�r in lieu of the paymenC of Mortgage
<br />�u�� P�� ���e with the pravisions of Section 10, Th�e it�ms are called "Escrovv
<br />Iter�ns." At origination or at any tim� during the ten�a of the I,oan, Lender rnay reqnire that Community
<br />Association Dues, Fees, and Asaess�a�ents� if any, be e.scrowcd by �orrower, and such dues, fees and
<br />assessments shall be an Fscrow Item. Borrower shall pmu�tly furnish to Lender all notices of amaunts to
<br />be paid under this Section. Borrovver shall pay I.cnder the Funds for Escrow ICems unless Y.ender waives
<br />Borrower's obligation to pay the Funcls for any or all Escrow Ttems. I.ende� may vvaive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow ltc�ns at any time, ,Any such waiver may only be
<br />in writang. In the event of such waiver, �orrower shall pay directly, when and vvhere payable, the aawunts
<br />dtte for any Lscrow Items for which pay�nt of �lwnds bas been waived by L,ender and, if Lender requires,
<br />shall furnish to Lea�der receipts evidencing such payrnent vaithin such tim� periad as L,ender may require.
<br />Borrower's obligation to nnalae such payments and to provide receipts shall for all purposes be deeme� to
<br />be a covenanc and agre�ment contained in this Security Instruinent, as the phr�se "covenant a� agrecment"
<br />is used in Section 9. If Borrower is obligat�i to pay Escrow Item�s directly, pursuant to a waivex, and
<br />Borrower fails to pay thc amount due for an Escrow Item, Lender may exercise its rights under S�tion 9
<br />and pay such arnount and Sorrow�c sha11 then be obligated under S�:tion 9 to repay to Lender any such
<br />��t• ��' �Y �a� �� waiver as to any or all Escrow Items at any time by a notice given in
<br />acoordanc� with Section 15 and, upon such revocation, Horrower shall pay to Lendcr all Fwads, and in
<br />$uch amounts, tihat are th�n requimd undcr this 5action 3.
<br />I..en�ex may, at �ny time, collect and hold Funds in an amount (a) sufficient to pernut l.ender to aPp1Y
<br />the Funds at the tit� specifieri under RFSPA, and (6) not W exc�ed the maximum amwunt a lender can
<br />require under RFSPA. L,epder shall estimate the arnount of Funds due on tb,e basis of current data and
<br />r�asonable cstimates af expean..dit�ues of future Escrow Items or otherwise iu acxordance �with Applicable
<br />Law.
<br />The Fu�da shall be held in an institutian whose deposits axe insured by a federal agency,
<br />instnunentality, or entxty (including Le�ader, if Lend�r is an inscitution whose dcpoaits are sn insured) ar in
<br />any Fetieral Home Y.oan Bank. L,end�r shall apply the Funds W pay the Escrow Iterns no later than the time
<br />specified under RFSPA. T..ender at�all not charge �orrower for hold3ng and applying the Funds, a�anually
<br />analyzing the �.acrow account, or verifying the Escrow Items, unless Lender pays Borrow�r intcrest on tha
<br />�unds aud Applicable Law permits Lender to make such a charge. Unless an agreemeait �is made ia writing
<br />or Applicable Law requires i�aterest ro be paid on the Punds, I�ender shall �t be requirr�tl to pay Borrower
<br />any interest or eamings on the Funds. 13orcower a� Lender can agree in writing, however, that interest
<br />shall be paid on th� Fr�ds. I,ender si�all give to Bo�rrower, without charge, an annual accountin�g of the
<br />Funds as rec,�uired by RFSPA.
<br />If there is a surplus of Funds held in esc,xow, as de� under RESPA� Lender shall account to
<br />Aorrovver foar the eacess fiinds in accorda�e �with RFSpA. If there is a shortage of F�nds held in escrow,
<br />as de�i�d undcr RLSPA. Lendcr shall notify Horrower as reqt�ired by RESPA, and Borrower shall pay to
<br />Lender the amounk necessary w malce up the shartage in accordance with RESPA. but in no more than 12
<br />monthly paynr�►ts. If therc is a de�iaiency of Funds hcld in escrovcr, as dcfiined under RESPA, Y�ndcx shall
<br />notify Bornower as �quixe� by RESPA, and Borrawer shall pay to I.ender the an�,ount nccessary to rnake
<br />up the de:�ciesncy in accordance wich RESPA, but in no �ore than 12 monthly PaYments.
<br />Upon paym�nt in fiill of all sums s�ured by this Se�urity Insriument, I�ender shall pmmptiy refund
<br />to Borrower any Funds held by L.ender.
<br />4. Charge�; Liens. Horrovve�r shall pay all taxes, assessments, charges. �i�es, and impositions
<br />attributable to the Property which can aCtain priarity aver t�his Security �t, leaaehold payxnents or
<br />ground rents oni the P�aperty� if any. and Cornmunity Association Dues, Fces, and Assesstnents, if an.y. Ta
<br />the extent that tttese itcm�s are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />� A$KA - Single Family - Fennis Mae/Freddip p�ac UNIFORM IN$TRUMENT
<br />-B(N�) �oe� u �,n 6 or � s inn�._ � Form 3028 1/01
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