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20Li00284 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 deposiCs are insured by a federal agency, instrumentality, or entity (including Lender, if I.ender is an institution whose deposits aze so insured) or in any Federal Horne Loan Bank. Lender shall apply the Funds to pay the �scrow Items no later than the time specified under R�SPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the �scrow Items, unless Lender 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 requires interest to be paid on the Funds, Lender shall not be required to pay �orrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, hpwever, 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 shall account to Borrower for the excess funds in accardance with RESPA. Tf there is a shortage of Funds held in escrow, as defined under RESPA, I.ender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary ta make up the shortage in accordance with RESFA, but in no more than 12 monthly payments. Tf there is a deficiency of Funds held in escraw, as defined under RESPA, Lender sha11 notify Borrower as required by R�SPA, and Borrower shall pay to I..ender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly paynnents. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Barrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, chaxges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payrnents or graund rents on the Praperty, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrawer shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority ovex this Security Instrument unless Borrower: (a) agrees in writing to the payment af the obligation secured by the lien in a rnanner accaptable to Lendex, but anly so long as Borrnwer is performing such agxeement; (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 ta I.ender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this 5ecurity Instrument, l.ender rnay give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrovver shall satisfy the lien or take one or more of the actions set farth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate ta7r verification and/or reporting service used by L.ender in connection with this Loan. 5. Property Insurance. 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, earthquakes and N�+$�$1{.� -- Single Pemily — Fwnnk Mae/F4eddie Mac UNIFOItM INSTRl7A1ENT Furm 3028 1 � GCC - G3028-06 (09/Ol) (Page b of 19) Initials: '