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�Q�103�9G 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 instituflon whose deposits are insured by a federal agency, instrumentality, or enflty (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply We Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Appflcable 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 Lender can agree in writing, however, 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 $orrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shail 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 Bonower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the defidency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall prompdy refur►d to Borrower any Funds held by Lender. 4. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and imposiHons attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Associaflon Dues, Fees, and Assessments, if any. To the extent that these items are Escmw Items, Borrower shall pay them in the manner provided in Secflon 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; (bj 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, hut only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender 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 Security Instrument, Lender may give Borrower a notice idenflfying the flen. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the act3ons set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verificaflon and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Bonower shall keep the improveraents now eldsting or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other ha�ards including, but not limited to, earthquakes and �B�l$�l — Single FamilY -- Bamia Mao/Froddie Mao [1HIFORM INSIRUI�IT1' Form 3028 ll01�/ � (. GCC - G3028-06 (09/Ol) (Page 6 of 19) Initials: