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201�0313� Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits aze insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits aze so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Bortower for holding and applying the Funds, aunually anaiyzing the escrow account, or verifying the Escrow Items, unless Lender pays Bonower 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 Borrower any interest or earnings on the Funds. Bonower and I.ender can agree in writing, however, that interest sha11 be paid on the Funds. Lender shall give to Borrower, witbout chazge, an annual accounting of tha Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Bonower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender sha11 notify Borrower as required by RFSPA, and Borrower sha11 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 Bonower as required by RESPA, and Borrower shall pay to I,ender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than I2 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender sha11 promptly refund to Borrower any Punds held by Lender. 4. Charges; Liens. Bonower shall pay a11 taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, 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 Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower 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 from the holder of the lien an agreement satisfactory to Lender subordinating the lien to tlus Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Bonower 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 actions set forth above in this Section 4. Lender may require Bonower 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 Insuranceo 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 NEB�SI{t�l — Single Family — Fannle Mae/Freddie Mec UN[FORM INSlRUMENT Form 3028 1/01 �� GCC - G3028-06 (09/Ol) (Page 6 of 19) Initials: .��_G��!�!