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<br />2010096i3
<br />Funds due on the basis of current data and reasonable estimates of expendituces of future Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal
<br />agency, instrurnentality, or entity (including Lender, if Lender is an institution whose deposits
<br />are so insured) or in any Federal Home Lpan Bank. Lender shall apply the Funds to pay the
<br />Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower
<br />for holding and applying the Funds, annually analyzing the escrow account, pr verifying the
<br />Escrow Items, unless I,ender pays Borrower interest on the Funds and Applicable I.aw permits
<br />Lender to make such a charge. Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on the Funds, Lender shall not be reyuired to pay Borrower any
<br />interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that
<br />interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual
<br />accounting of the Funds as required by RESFA.
<br />If there is a surplus of �'unds held in escrow, as defined under RESPA, Lender shall
<br />account to Borrower for the excess funds in accocdance with RESI'A. If there is a shortage of
<br />Funds held in escrow, as deflned under RESPA, Lender shall notify Borrower as required by
<br />RESPA, and Borrower shall pay ta Lender the amount necessary to rnake up the shnrtage in
<br />accordance with RESPA, but in no more than 12 monthly payrnents. If there is a defciency
<br />of Funds held in escrow, as defined under RESPA, �,ender shall notify Borrower as required by
<br />RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in
<br />accordance with RESPA, but in no rnore than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall
<br />prompdy refund ta Borrawer any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and
<br />impasitions attributable to the Property which can attain priority over this Security Instrument,
<br />leasehold payments or ground rents on the Property, if any, and Community Association Dues,
<br />Fees, and Assessments, if any. To the extent that these items are Escrow Ttems, 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
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by
<br />the lien in a manner acceptable ta Lender, but only so long as Borrower is performing such
<br />agreement; (b) contests the lien in gond faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinipn operate to prevent the enforcernent of the lien while
<br />those proceedings are pending, but only until such proceedings are concluded; or (c) secures
<br />from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this
<br />Security Tnstrument. If Lender determines that any part of the Property is subject to a lien
<br />which can attain priority over this Security Instrument, Lender may give Borrower a notice
<br />identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall
<br />satisfy the lien or take one pr more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verification
<br />and/or reporting service used by I,ender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or
<br />hereafter erected on the Property insured against loss by fire, hazards included within the term
<br />"extended coverage," and any other hazards including, but not limited ta, earthquakes and
<br />NEBRA$I�a� — Single Family -- Fsanie MadPreddie Mac UNIFORM INSTALR�kNT Fam
<br />GCG - G3028-06 (09/Ol) (Page 6 of l9) Ini ' �_,,,
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