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<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or charige the anuount, of the Periodic Payments.
<br />3. Funds for Escrow Iterns. Borrower shall pay to Lender on the day Periodic Payments are due tinder the
<br />Note, Until the Note is paid in full, a SUM (the "Funds") to provide for payment of amounts due Cor: (a) taxes
<br />arid assessments and other items which Gan attain priority over this Security Instrument as a I ien or
<br />encumbrRuce on (fie Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums
<br />for any arid all insurance required by Lender under Section 5; ,aid (d) Mortgage Insurance premiums, if any,
<br />or any sums payable by Borrower to I ender in lieu of the payment of Mortgage Insurance premiums in
<br />accordance with the provisions of Section 10. These items are called "Escrow Items. " At origination or at
<br />,my time (hiring the term of the Loan, Lender may require that Community Association Dues, Fees, and
<br />Assessments, if ,my, be escrowed by Borrower, and such dues, fees arid assessments shall be an Escrow
<br />Item. Borrower Shall promptly furnish to Lender all notices ofantounts to be paid under this Section.
<br />Borrower shall pay Leridei the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br />die Funds for any or all Escrow Items. Lender may waive� Borrower's obligation (o pay to Lender Funds for
<br />any or all Escrow Items ,it any time. Any such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for whidi
<br />payment of Funds has been waived by Lender arid, if Lender requires, shall furnish to Lender receipts
<br />evidencing such payment within such time period as Lender inay require. Borrower's obligation to make
<br />such payments and to provide receipts shall for all purposes be deemed to be a CQVC11aDt and agreement
<br />contained in (his Security Instrument, as the phrase "coveriantand agreement" is used in Section 9. If
<br />Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower falls to pay Ific
<br />amount due for ,in Escrow Item, Lender ruay exercise its rights under Section 9 and pay such arrount and
<br />Borrower shall then be obligated tinder Section 9 to repay to Lender any such amount. Lender may revoke
<br />the waiver as to any or ill Escrow Items at any time by a notice given in acQordance with Section 15 and,
<br />upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br />tinder this Section 3.
<br />Lender may, at any time, collect and hold Funds in an arriount (a) sufficient to permit Lender to apply the
<br />Funds at the time specified under RFSPA, and (b) not to exceed the maximum amount a lender cau require
<br />Linder RESPA. Lender shall estimate the aniount of Funds due on the basis of current data and reasonable
<br />estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (inchuling Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Escrow berns no later than the time specified under
<br />RESPA. Lender shall not chargc Borrower for holding arid applying the Funds, annually analyzing the
<br />escrow accowit, or verifying the Escrow Items, Unless Lender pays Borrower interest on the Funds arid
<br />Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br />Applicable Law requires interest to be paid on the Funds, Umdur shall riot be required to pay Borrower any
<br />interest or earnings on the Funds, Borrower and Lender can agree in writing, however, that interest shall be
<br />paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as
<br />required by RESPA.
<br />If therc is it surplus of Funds held in escrow, as deftred under RESPA, Lender shall account to Borrower for
<br />the excess funds in accordance with RESPA. 11 there is a shortage of Funds held in escrow, as defined Under
<br />RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount
<br />necussary to make tip the shortage in accordance with RESPA, but in no more than 12 Monthly payments. If
<br />there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br />24001453
<br />NEMASKA-Single Farnil�-Fannie Mae/Fraddle Mac UNIFORM INSTRU114%T F�,,r 2028 1101
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