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2oiioo�o� Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable I.aw. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if I..ender is an institution whase deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the �'unds to pay the Escrow Items no later than the time specified under RESPA. L,ender sha11 not charge Borrower for holding and applying the Funds, annually analyzing the escrow accaunt, or verifying the Escrow Items, unless I.ender pays Borrower interest on the Funds and Applicable Law permits Lender to malce such a charge. Unless an agreement is tnade in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interesC or earnings on the Punds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, withaut charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of �'unds held in escrow, as defined under RESPA, Lender shall account to Borrower for thc excess funds in accordance with RESPA. If Chere is a shortage of Funds held in escrow, as defined under RESPA, Lender 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. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender 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 Tnstrurnent, Lender shall promptly refund to Borrower any Funds held by Lender. a. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Tnstrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrvw Items, Borrower shall pay them in the manner provided in Section 3. Borcower 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 Lender, 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 opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures frorn the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If I.ender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender 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 acCions set forth above in this Section 4. I,ender may require Borrower to pay a one-time charge for a real estate tax veri�cation and/or reporting service used by Lender in connection with this Loan. 5. Property Insarance. Borrower sha11 keep the improvernents 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, earthquakes and �B�IS�► — Single Family — Fannk Mae/FYeddie Mac UNiFORM INSTRUMENT Form 30Z8 !0 �� GCC - G3028-06 (09/01) (Page 6 of 19) Initia :