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<br /> -. Each of my payments under this Paragraph 2 will be the sum of the fallowing: �: ,
<br /> � �i� be super or�to thislSecuriry Instrumenm divlded by the number of schedul d�payments ?
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<br /> 4 i*_'
<br /> in a year; plus, �:"
<br /> �t (ii) The estimated yearly leasehold payments or ground rents on the Property, if any, __
<br /> divlded by the number of scheduled payments in a year; plus.
<br /> " ',� �, (iii) The estimated yearly premium foc hazard Insurance covering the Proreny, divtded by �'.>_ _
<br /> the number of scheduled payments In a year;plus,
<br /> ,�"'�°�� (iv) The estimated yearly premium for mortgage insurance(If any),divlded by the number _-
<br /> � . ; of scheduled payments in a year. _
<br /> r Lender will estimate ftom time to tlme my yearly taxes,assessments, leasetidd payments or _
<br /> � i ground rents and insurance premiums, which will be called the "escrow iterns," Lender will use `
<br /> �� existing assessments and bills and reasonable estimates of future assessmeats and bills. The
<br /> amounts that I pay to I.ender for escrow items under this Para�raph 2 will be called ihe"Funds."
<br /> . (B)Lender's Obligat[ons
<br /> I.ender will keep the Funds in a savings or banking instttution which has its deposits or
<br /> � accounts insured or guaranteed by a federal or state agency. If Lender is such an instuution, _
<br /> ' I.ender may hold the Funds. Except as described in this Paragraph 2, Lender will use the Funds to
<br /> � 'Y'ha accounting mu t s ow all add�ions o atid dQductionsTfro the Funds and the�eason forueach
<br /> ' deduction.
<br /> �, I.ender may not charge me for holding or keeping the Funds, for usiu� the Funds ta pay
<br /> escrow items, for analyzing my payments of Funds� or for receiving, vcrif�+ing and totaling
<br /> +� assessments and bills. However, Lender may cbarge me for these services if I.ender pays me
<br /> interest on the Funds and if the law permits Lender to make such a charge. Lender will not be
<br /> required to pay me any interest or earnYngs on the Funds unless either (i) Leader and I agree in
<br /> . ?� wrlting,at the time I sign this Securlry Instrument,that I.ender wfll pay Interest on the Funds;or
<br /> � (ii)the law requires Lender to pay interest on the Funds.
<br /> � (C) Ac�(ustments to the F'unds the atnounts that
<br /> ' � If L.ender's estimates are too high or if taxes and insurance rates go down,
<br /> I pay under th[s Paragraph 2 will be too large. If this hapgens at a time when I am keeping all of
<br /> __ . . '' mv promises and agreements made in this Security Instrument, I will have the right to have the
<br /> � +� • . exeess amount either promptry repaid co me as a diiect r�fund or crcdited so r:i� fuh.�m c�heduled —
<br /> payments of Funds. There will be excess amounts if. at any tlme, the sum of (i)tYie amount of
<br /> � Funds which Lender is holding or keeping, plus (ii) the amount of the scheduled payments of
<br /> � Funds which I sdll must pay between that time and the due dates of escrow iterns ls greater than
<br /> the amount necessary to pay the escrow items when they are due.
<br /> If, when payments of escrow items are due, L.ender has not received enough Fuads to make
<br /> those �ayments, I will pay to Lender whatever additional amount is necessary ta pay the escrow
<br /> items in full.I must pay that additional amount in one or more payments as Lender may require.
<br /> � When I have paid all of the sums secured, Leader will promptly refund to rne any Funds
<br /> �� that are then being held by L.ender. If. as a result of the exerclse by Lender of a�y�s so d11 hen
<br /> � under this Security Instrument, either Lender acquires the Properry or the Property ;
<br /> • imm$diately before the acquisitton or sale, Lender will use any Funds which L.ender is holdin�at
<br />: the time to reduce the sums secured.
<br /> -� BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in _.
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<br /> � this Payment Rider.
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