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2 01�03750 Funds due on the basis of current data and reasonable estimates of expenditures of future Fscrow Items or ottiervvise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are 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 Bonower for holding and applying the Funds, annually analyzing We escrow account, or verifying We 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 Appflcable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writtng, however, that interest shall be paid on the Futtds. 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 deflned under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Bonower 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 de8dency 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 promptly refund to Borrower any Funds held by Lender. � 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and imposiflons attributable to the Property which can attain priority over this Security Instivment, 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, Bonower shall pay them in the manner provided in Section 3. Borrower shall prompfly discharge any lien which has prlority over ttus 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 Bonower 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 Hen 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 Wis Security Instivment. If Lender determines that any part of the Property is subject to a llen which can attain priorIty over this Security Instivment, Lender may give Borrower a nol3ce identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the llen or take one or more of the acflons set forth above in this Section 4. Lender may require Bonower 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. Paoperty 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 oWer hazards including, but not limited to, earthquakes and �B�!$� — Single Family -- Famia Mea/Fraddia Mee UHIFOItM IN8TRUI�NT Form 30Z8 1/01 � GCC - G3028-06 (09/Ol) (Page 6 vf19) �rtja]8; � ��