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20110402i
<br />�ipts shall for all purposes be deemed to be a covenant and agreement contained in this Security
<br />as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay
<br />ns directly, pursuant to a waiver, and Bonower fails to pay the amount due for an Escrow Item,
<br />� exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated
<br />�n 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow
<br />� time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall
<br />er all Funds, and in such amounts, that are then required under this Section 3.
<br />nay, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the
<br />e time specified under RESPA, and (b) not to exceed the maximum amount a lender can require
<br />'A. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<br />expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />ds shall be held in an institution whose deposits aze insured by a federal agency, instrumentality,
<br />cluding Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
<br />Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
<br />:nder shall not charge Bonower for holding and applying the Funds, annually analyzing the escrow
<br />verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable
<br />s Lender to make such a charge. Unless an agreement is made in writing or Applicable Law
<br />erest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or
<br />the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the
<br />ider shall give to Borrower, without chazge, an annual accounting of the Funds as required by
<br />is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower
<br />;ss funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined
<br />'A, Lender shall notify Borrower as required by RESPA, and Bonower shall pay to Lender the
<br />essary to make up the shortage in accordance with RESPA, but in no more than 12 monthly
<br />If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify
<br />� required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />i accordance with RESPA, but in no more than 12 monthly payments.
<br />ryment in full of all sums secured by this Security Instrument, Lender shall promptly refund to
<br />y Funds held by Lender.
<br />•ges; Liens. Borrower shall pay all taaces, assessments, charges, fines, and impositions attributable
<br />rty which can attain priority over this Security Instrument, leasehold payments or ground rents on
<br />-, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that
<br />�re Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />r shall promptly discharge any lien which has priority over this Security Instrument unless
<br />a) agrees in writing to the payment of the obligation secured by the lien in a manner accepta.ble to
<br />only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or
<br />nst enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the
<br />of the lien while those proceedings are pending, but only until such proceedings aze concluded; or
<br />from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this
<br />trument. If Lender determines that any part of the Property is subject to a lien which can attain
<br />r this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10
<br />date on which that notice is given, Bonower shall satisfy the lien or take one or more of the
<br />�rth above in this Section 4.
<br />nay require Borrower to pay a one-time charge for a real estate tax verification and/or reporting
<br />by Lender in connection with this Loan.
<br />erty Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />�ured against loss by fire, hazards included within the term "extended coverage," and any other
<br />uding, but not limited to, earthquakes and floods, for which Lender requires insurance. This
<br />iall be maintained in the amounts (including deductible levels) and for the periods that Lender
<br />'hat Lender requires pursuant to the preceding sentences can change during the term of the Loan.
<br />ce carrier providing the insurance shall be chosen by Bonower subject to Lender's right to
<br />3orrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower
<br />>nnection with this Loan, either: (a) a one-time charge for flood zone determination, certification
<br />; services; or (b) a one-time chazge for flood zone determination and certification services and
<br />Single Family - FannieMae/FreddieMac UNIFORM INSTRUMENT
<br />D1
<br />(soo) a�t�3555
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