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201 304339
<br />MAY. 29. 2013 2:59PM WELLS FARGO HM MTG NO. B159 P. 25
<br />Any application of payments, mama ice proceeds, or Miscellaneous Proceeds to principal due Under the Note
<br />thall not extend or postpone the due date, or Change the amount, of the Periodic Payments.
<br />3. Pimdc for Regrow Items. Borrower shall pay to Lender on the day Periodic Payments art: due under the
<br />Note, until the Nate is paid in full, a sum (the "Funds") to provide for payment of amounts due for (a) taxes
<br />and assessments and other items which can attain priority over this SGCnriiy Instrument an rt lieu or
<br />encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (e) premiums
<br />for any enO all insurance required) by Lender under Section 5; and (d) Mortgage Insurance premhuns, if any,
<br />or any sums payable by Borrower to Lender in lice of thc payment of Mortgage Insurance premiums in
<br />eeordanee with the provision of Section 10. These items are called 'Escrow kern.' At origination or at
<br />any time during the term of the Loan, Lender may require that Comatun ty Association Dues, Fees, and
<br />Assessments, if any, be escrowed by Borrower, and such dots, frca and asscasmcnts shall he an Rlecrow
<br />Item. Borrower shall promptly furniah to Lc ndcr all notices of amounts to be paid under this Section.
<br />Borrower shalt pair Lender the Funds for Escrow Items unless Lender waives l.orrbwer obligation to pay
<br />the Funds far any or all Escrow Items. Lender zany waive Borrower's obligation to pay to Lender Funds for
<br />any or all Escrow Items at any time. Any Such waiver may only be in writing. Inn the event of such waiver,
<br />Beerower shall pay directly, when and where payable, the amount due for any E®erow Items for which
<br />payment of Funds has been waived by Lender arid, if Lender requires, shall furnish to Leander receipts
<br />evidencing such payment within Ruch time period as Lender may require. Borrower's obligation to make
<br />such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement
<br />contained in this Security Instrument, as the phrase "covenant and agreement- is used in Section 9. If
<br />Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br />amount due for an Escrow Item, Ltmder may exercise its rights under Section 9 and pay such amount and
<br />Eorrowrr shad then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke
<br />thc waiver as to any or all Escrow Items at any time by a notice given is accordance with Section 15 and,
<br />upon such revocation, Borrower Alai pay to Lender all Funds, and in such amounts, that are then required
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufncden' to permit Lender to apply the
<br />Funds at the time spew under RESPA. and (b) not to exceed the =minim amount a lender can requite
<br />under RBSPA. Lender shall estimate the amount of Funds cur on the basis of current data and reasonable
<br />=Urges of Cxpcnditures of futttte Eacmw Items or otherwise in accordance: with Applicable Law.
<br />The Funds shall be held in ao institution whose deposits are insured by a federal agency, inatratnentality, or
<br />entity (tncdudlnF Lender, if Lender is an institution whose deposits lice so innumd) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay thc Dom Items no later than the time specified under
<br />RESPA. Lender shall not charge Borrower for holding and applying the Funds. annually analyang the
<br />escrow account, or verifying the Escrow Iteme. unless Lender pays Borrower interest an the l ue,ds and
<br />Applicable law permits Lender to make such a charge. Unites an agreement is made in writing or
<br />Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br />interest ot: earnings on rho Funds. Borrower and Lender ran agree in writing, however, their inmost 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 there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds in accordance with RBSPA. if there is a shortage of Funds held in escrow. as clef under
<br />RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shell pay to Leader the emotmt
<br />necesseq to make up the shortage in accordance with RBSPA, but in no more than 12 monthly payments. If
<br />there is a deficiency of Funds held in mcrow, as deiced under RESPA,. Lander shall notify Borrower as
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<br />05/29/2013 4:01PM (GMT- 05:00)
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