Common use of Funds for Taxes and Insurance Clause in Contracts

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“Funds”) for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, Lender shall apply the Funds to pay the Escrow Items. Lender may 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 applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s sole discretion. Upon payment in full of all sums secured by this Security instrument, Lender shall promptly refund to Borrower any Funds held by Xxxxxx. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“Funds”"funds") for: (a) yearly taxes and assessments which may attain priority over this the Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property Property insurance premiums; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “"Escrow Items.” " Lender may, at any time, collect and hold Funds in an amount mount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s 's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 ss 2601 et seq. (“"RESPA”"), unless another law that applies to the Funds set funds sets a lesser amount. If IF so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not no1 be required to pay Borrower any interest or earnings on the The Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s 's sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall shal1 promptly refund to Borrower any Funds held by Xxxxxx. If, under paragraph 21, Lender shall acquire or sell sel1 the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Deed of Trust, and ground rents on the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one-twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such a holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Borrower and Lender may require Borrower agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loanBorrower, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentDeed of Trust. If the amount of the Funds held by Lender Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower's option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentDeed of Trust, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2117 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender at a t the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentDeed of Trust.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, full a sum (herein “Funds”) for: (a) equal to one twelfth of the yearly taxes and assessments (including condominium and planned unit developments assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Mortgage and ground rents on the Property, if any; (c) , plus one twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and reasonable bills and reasonably estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such Payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, Federal or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, Analyzing said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender lender to make such a charge. However, Borrower and Lender may require Borrower agree in writing at the time of execution of this Mortgage that interest on the Funds shall be paid to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loanBorrower, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower borrower any interest or earnings earning on the Funds. Borrower and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Lender shall give to Borrowerborrower, without charge, an annual accounting of the Funds, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was were made. The Funds funds are pledged as additional security for all the sums secured by this Security InstrumentMortgage. If the amounts of the Funds held by Lender lender, together with the future monthly installments of funds payable prior to the due dates of taxes, assessments, insurance, premiums, and ground rents, shall exceed the amounts permitted amount required to pay said taxes, assessments, insurance, premiums, and ground rents as they fall due, such excess shall be held by applicable law, Lender shall account at Borrower’s option. Either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to borrower on monthly installments of applicable lawfunds. If the amount of the Funds held by the Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance, premiums, and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount any amounts necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds and funds held by XxxxxxLender. If, If under paragraph 2117 hereof the property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its Acquisition by lender, shall apply any Funds and funds held by the Lender at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“Funds”) for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s 's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 Section 2601 et seq. (“"RESPA”"), unless another law that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s 's sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall promptly refund to Borrower any Funds held by Xxxxxx. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject Upon demand by Xxxxxx, Borrower shall, subject to applicable law or to a written waiver by Lenderlaw, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“"Funds”") forequal to one-twelfth (1/12) of: (a) yearly Yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the PropertyInstrument; (b) yearly Yearly leasehold payments or ground rents on the Property, if any; (c) yearly Yearly hazard or property insurance premiums, and; (d) yearly flood insurance premiums. if any; (e) yearly Yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “"Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount". Lender may estimate the amount of Funds funds due on the basis of current data and reasonable estimates for future escrow items. At the inception of expenditures this loan Lender is not requiring payment of future Escrow Items or otherwise in accordance with applicable lawescrow items. The Funds funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal or state agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, available. Lender shall apply the Funds funds to pay the Escrow Itemsescrow items. Lender may not charge Borrower for holding and applying the Fundsfunds, annually analyzing the escrow account, account or verifying the Escrow escrow items, unless Lender Xxxxxx pays Borrower interest on the Funds funds and applicable law permits the Lender to make such a charge. However, Lender Xxxxxxxx and Xxxxxx may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender agree in connection with this loan, unless applicable law provides otherwisewriting that interest shall be paid on the funds. Unless an agreement is made or applicable law requires interest to be paidPaid, Lender shall not be required to pay Borrower any interest or earnings on the Fundsfunds. Borrower and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Lender shall give to Borrower, Borrower without charge, an annual accounting of the Funds, funds showing credits and debits to the Funds funds and the purpose for which each debit to the Funds funds was made. The Funds funds are pledged as additional security for all the sums secured by this Security Instrument. If the Funds amount of the funds held by Lender Xxxxxx, together with the future monthly payments of funds payable prior to the due dates of the escrow items, shall exceed the amounts permitted amount required to pay the escrow items when due, the excess shall be held by applicable lawat Borrower's option, Lender shall account either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credit to Borrower on monthly payments of applicable lawfunds. If the amount of the Funds funds held by Lender at any time Xxxxxx is not sufficient to pay the Escrow Items escrow items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as required by Lender. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender Xxxxxx shall promptly refund to Borrower any Funds funds held by Xxxxxx. If, If under paragraph 21Paragraph 19 the property is sold or acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the Propertyproperty or its acquisition by Lender, shall apply any Funds funds held by Lender Xxxxxx at the time of acquisition or sale application as a credit against the sums secured by this Security Instrument. Lender may require or waive the requirement of payment of escrow for any given year.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid pald in full, a sum (“Funds”) for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” . “ Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s ’ s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 I 2601 et seq. (“RESPA”), unless another law that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or institution)or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary ~ to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall promptly refund to Borrower any Funds held by Xxxxxx. If, under paragraph 2121 , Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale xxxx of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Mortgage and ground rents on the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one- twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose institution, the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, Federal or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and and/or applicable law permits Lender to make such a charge. However, Borrower and Lender may require Borrower agree in writing at the time of execution of this Mortgage that interest on the Funds shall be paid to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loanBorrower, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentMortgage. If the amount of the Funds held by Lender Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower's option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay promptly to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds funds held by XxxxxxLender. If, If under paragraph 2116 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Mortgage and ground rents on the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one- twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose institution, the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, Federal or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender Xxxxxx may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender Xxxxxx pays Borrower interest on the Funds and and/or applicable law permits Lender to make such a charge. HoweverXxxxxxxx and Xxxxxx may agree in writing at the time of execution of this Mortgage that interest on the Funds shall be paid to Borrower, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentMortgage. If the amount of the Funds held by Lender Xxxxxx, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower's option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay promptly to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds funds held by Xxxxxx. If, If under paragraph 2116 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender Xxxxxx at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a law, at the written waiver by request of Lender, Borrower shall pay to Lender on the day monthly payments are due under the NoteLender, until the Note Bond is paid in full, a sum (“"Funds”") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property, if any; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums, if any; and (d) yearly flood insurance premiums. if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “"Escrow Items.” " Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s 's escrow account under the federal Real Estate Settlement Procedures Act of 1974 1974, as amended from time to time, 12 U.S.C. § 2603 2601 et seq. (“"RESPA”"), unless another law or federal regulation that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 by a federal agency (including Lender) or in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, entity. Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender Xxxxxx at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s 's sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall promptly refund to Borrower any Funds held by Xxxxxx. If, under paragraph 21, If Lender shall acquire or sell the PropertyProperty after acceleration under paragraph 22, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay all real property taxes and insurance payments as same shall come due. In the event that any such tax shall become delinquent or any premium shall go unpaid, then Lender in their discretion may require Borrower to pay to the Lender on the day monthly payments installments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) premium installments for hazard insurance, plus one-twelfth of yearly leasehold payments or ground rents on the Propertypremium installments for mortgage insurance, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. if any; (e) yearly mortgage insurance premiums, if any; all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable lawthereof. The Funds funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, or entity state agency (including Lender, if Lender or Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums. Lender may 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 applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable lawMortgage. If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due date of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. deficiency within 30 days from the date notice is mailed by Lender to Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s sole discretionrequesting payments thereof. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2118 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or acquisition by Lender, shall apply any Funds held by Lender at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Deed of Trust, and ground rents on the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one-twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such a holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Borrower and Lender may require Borrower agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loanBorrower, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentDeed of Trust. If the amount of the Funds held by Lender Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower's option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentDeed of Trust, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2117 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentDeed of Trust.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“"Funds”") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums, if any; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “"Escrow Items.” " Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s 's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 U.S.C Section 2601 et seq. (“"RESPA”"), unless another law that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data date 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts amount permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s 's sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall promptly refund to Borrower any Funds held by Xxxxxx. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments installments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Mortgage, and ground rents on the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one-twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable lawthereof. The Funds shall be held in an institution whose deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, Federal or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow said account, or verifying the Escrow itemsand compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Borrower and Lender may require Borrower agree in writing at the time of execution of this Mortgage that interest on the Funds shall be paid to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loanBorrower, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums the sum secured by this Security InstrumentMortgage. If the amount of the Funds held by Lender Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and grounds rents as they fall due, such excess shall account be, at Borrower's option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. deficiency within 30 days from the date notice is mailed by Lender to Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s sole discretionrequesting payment thereof. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2118 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or acquisition by Lender, shall apply any Funds held by Lender at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Mortgage and ground rents on the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one-twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender Xxxxxx may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender Xxxxxx pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. HoweverXxxxxxxx and Xxxxxx may agree in writing at the time of execution of this Mortgage that interest on the Funds shall be paid to Borrower, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentMortgage. If the amount of the Funds held by Lender Xxxxxx, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower's option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2117 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender Xxxxxx at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid pald in full, a sum (“Funds”) for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” . “ Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s Borrower’ s escrow account under axxxxxx xnder the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 I 2601 et seq. (“RESPA”), unless another law that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or institution)or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may agree Lender xxx xxxxe in writingxxxxxxg, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary ~ to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at XxxxxxLender’s sole discretiondiscrexxxx. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, under paragraph 21paxxxxxxh 21 , Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale gale of the Property, shall xxall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by LenderXxxxxx, Borrower shall pay to Lender on the day monthly payments installments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (herein “Funds”’) for: (a) equal to one-twelfth of the yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Mortgage, and ground rents on of the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one-twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from form time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due time by Xxxxxx on the basis of current data assessments and bills and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable lawthereof. The Funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, Federal or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender Xxxxxx may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow said account, or verifying the Escrow itemsand compiling said assessments and bills, unless Lender Xxxxxx pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. HoweverXxxxxxxx and Xxxxxx may agree in writing at the time of execution of this Mortgage that interest on the Funds shall be paid to Borrower, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Fundsfunds. Borrower and Xxxxxx may 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, Funds showing credits and debits to on the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentMortgage. If the amount of the Funds held by Lender Xxxxxx, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower’s option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. deficiency within 30 days from the date notice is mailed by Lender to Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s sole discretionrequesting payment thereof. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2118 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender Xxxxxx at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“"Funds”") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Propertyproperty, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, Lender in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “"Escrow Items.” " Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s Borrowers escrow account under the federal Federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, . 12 U.S.C. § 2603 Section 2601 et seq. (“"RESPA”"), unless another law that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, Funds annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s lender's sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender Xxxxxx shall promptly refund to Borrower any Funds funds held by Xxxxxx. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Propertyproperty, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“"Funds”") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, . in lieu of the payment of mortgage insurance premiums. These items are called “"Escrow Items.” ". Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s 's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 (S) 2601 et seq. (“"RESPA”"), unless another law that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s 's sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall promptly refund to Borrower any Funds held by Xxxxxx. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum (“"Funds”") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. , if any; (e) yearly mortgage insurance premiums, if any; and (f) any all sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “"Escrow Items.” " Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s 's escrow account under the federal Real Estate Settlement Procedures Act of 1974 1974, as amended from time to time, 12 U.S.C. § 2603 2601 et seq. (“"RESPA”"), unless another law that applies to the Funds set sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of 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 are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank, . Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow itemsItems, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower Xxxxxxxx and Xxxxxx may agree in writing, however, that interest shall be paid on the Funds Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender Xxxxxx at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, and in such case case, Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Xxxxxx’s 's sole discretion. Upon payment in full of all sums secured by this Security instrumentInstrument, Lender shall promptly refund to Borrower any Funds held by Xxxxxx. If, If under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (“herein "Funds”") for: (a) equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Mortgage and ground rents on the Property, if any; (c) , plus one-twelfth of yearly premium installments for hazard or property insurance premiums; (d) insurance, plus one-twelfth of yearly flood insurance premiums. if any; (e) yearly premium installments for mortgage insurance premiumsinsurance, if any; , all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Borrower and Lender may require Borrower agree in writing at the time of execution of this Mortgage that interest on the Funds shall be paid to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loanBorrower, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentMortgage. If the amount of the Funds held by Lender Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower's option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentMortgage, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2117 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentMortgage.

Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are due payable under the Note, until the Note is paid in full, a sum (herein “Funds”) for: (a) equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or Deed of Trust, and ground rents on the Property. If any, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums. if any; (e) yearly mortgage insurance premiums, if any; all as reasonably estimated initially and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called “Escrow Items.” Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Xxxxxxxx’s escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2603 et seq. (“RESPA”), unless another law that applies to the Funds set a lesser amount. If so, time by Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of expenditures Funds to Lender to the extent that Borrower makes such payments to the holder of future Escrow Items a prior mortgage or otherwise in accordance with applicable lawdeed of trust if such a holder is an institutional lender. The If Borrower pays Funds to Lender, the Funds shall be held in an institution whose the deposits or accounts of which are insured or guaranteed by a federal agency, instrumentality, or entity state agency (including Lender, Lender if Lender is such an institution) or in any Federal Home Loan Bank, ). Lender shall apply the Funds to pay the Escrow Itemssaid taxes, assessments, insurance premiums and ground rents. Lender may not charge Borrower for so holding and applying the Funds, annually analyzing the escrow account, said account or verifying the Escrow itemsand compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Borrower and Lender may require Borrower agree in writing a the time of execution of this Deed of Trust that interest on the Funds shall be paid to pay a one-time charge for an independent real estate tax reporting service used by Lender in connection with this loanBorrower, and unless applicable law provides otherwise. Unless an such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Xxxxxx may 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, Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all the sums secured by this Security InstrumentDeed of Trust. If the amount of the Funds held by Lender Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amounts permitted amount required to be held by applicable lawpay said taxes, Lender assessments, insurance premiums and ground rents as they fall due, such excess shall account be, at Borrower’s option, either promptly repaid to Borrower for the excess Funds in accordance with the requirements or credited to Borrower on monthly installments of applicable lawFunds. If the amount of the Funds held by Lender at any time is shall not be sufficient to pay the Escrow Items when taxes, assessments, insurance premiums and ground rents as they fall due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the any amount necessary to make up the deficiency. Borrower shall make up the deficiency in no one or more than twelve monthly payments, at Xxxxxx’s sole discretionpayments as Lender may require. Upon payment in full of all sums secured by this Security instrumentDeed of Trust, Lender shall promptly refund to Borrower any Funds held by XxxxxxLender. If, If under paragraph 2117 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall acquire or sell the Propertyapply, Lender, no later than immediately prior to the acquisition or sale of the PropertyProperty or its acquisition by Lender, shall apply any Funds held by Lender at the time of acquisition or sale application as a credit against the sums secured by this Security InstrumentDeed of Trust.