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<br /> Any appl�cation of paym�nts, ir�surance proce�ds, or M�scel�aneaus Proce�ds to principaX du�under the Not�
<br /> �hall not exter�d ar postpone the due date, ar change the amount, af the Periodic Paymen�s.
<br /> 3. Funds far��crow I�em�. Borrower shal�pay to L�nd�r on the day Per�odic Payme�xts are due under the
<br /> Nate, until the Note is paid in fu�1, a sum�th� '"Funds"}to provide for payment of amounts due for: �a}taxes
<br /> and assessments and other items whzch can attazr�pr�orrty aver this 5ecurrt�rnstrument as a lien or
<br /> encumbrance an the Praperty; �b�Ieasehold payxnents or graund rents on the Property, if any; �c}pr�miums
<br /> for any and aII insurance required��Lender under S�cti�n 5; and �d} Mnrtgage Insura�a.ce premiums, if any,
<br /> or any sums payable by Borrower to Lender in Iieu of the pa�ment of Mortgag��nsurance premiurr�s in
<br /> accordance with�h�provisians of Se���on 1D. These ztems are�alled "Escrovv Ite�x�.s." At originatior� or at
<br /> any��me during the�erm of th�Laan, Lender may require that Community Assocxation Dues, Fees, and
<br /> Assessrnerits, if any, b��scr�v�ed�y Borra�ver, and such dues, fees and ass�ssmen�s shall be an Es�row
<br /> Item. Borrovcr�r s�all pr�m.ptly furnish ta Lender aII notices of am�unts to be paid under this Sect�on.
<br /> Borrower shal�pay Lender�he Funds for Escro�v It�ms unless Lender�vai�es Borrovv�r's obl�gatian ta pay
<br /> the Funds f�r any ar a�.l Escro�v Items. Lender ma�waive Borrower's ob�zgation to pay to Lend�r Funds for
<br /> any ar a��Escrow r�ems at any time, Any such waiver ma�onl�be in Wr�ting. In�he event of such waiver,
<br /> Borrovver shall pay d�rectly, when and vvhere pa�able, �he amaunts due for any Escr�w Items f�r which
<br /> payment of Funds has�e�n waived by Lender and, �f L�nder r�quires, shall furnzsh�o Lender receipts
<br /> �videncing such payment�vithir�such time periad as L�nder ma�requ�r�. Borrow�r`s obligatior�to ma.ke
<br /> such paym�nts and ta provid�rece�pts sha1l for a��purpas�s be deemed t�be a co�enant and agreemen�
<br /> c�ntained in thzs Securi�y�nstrumex�t, as th�phrase "covenant ax�.d agreement" is used in S�ctian 9 0 �f
<br /> B�rrower is ob��gated to pay Es�row Items directxy, pursuant�o a�vaiver, and Borrawer fails to pa�the
<br /> amount due for an Es�row ��em., Lender ma�r exerc�se�ts r�ghts und�r Section� and pay su�h amount and
<br /> Borrower sha�l th�n��ob��ga�ed und�r 5ect�on 9 to repay to L�nder any such amaunt. Lender may r�vo��
<br /> the waiver a�to any or a�I Escrow Items at any tim�by a notice given in accordance v�ith Sec��an 15 arid,
<br /> upon such re�ocat�an, Borro�ver shall pay to Lender a.II Fun�s, and in suck�amounts, that are then required
<br /> under th�s S�ctian 3.
<br /> Le�der may, at any t�me, collect and hold Funds �n an.amount �a} sufficient to permi.t Lend�r�o apply the
<br /> Funds at�he time specified under RESPA, and �b}nat tfl exc�ed the ma�imum amount a lender can requir�
<br /> under RESPA. Lend�r shall estima�e th�amourit of Funds du� o�.th�basis af current data and reasonable
<br /> est�mates of expenditures �f futur�Escrov� �tems or otherwi�e in accordance�v��h Appli�able Lativ.
<br /> The Funds shall be held in an znstitution v�rhose deposits are�nsured�� a federal agency, instrum�ntali�y, or
<br /> �nti�y �including L�nder, �f L�nder rs a.�inst�tution�vhose depas�ts are so �nsured} or�n an�Federal Home
<br /> Loan Ba�k. Lender sha�l apply the Funds �o pay the Escrow Items no�a�er than the time sp�cified under
<br /> RESPA. Lender shall not charge Borrawer f�r holding and applying�h�Funds, araza.ually anaiyzing the
<br /> e�crov� account, or v�rif�in�the Escrow Items, unless Lender pays Borrower�n�erest an the Funds and
<br /> App�icable Law p�rmits Lender to ma�e such a charge. Unless an agr��ment xs made in�ritzng or
<br /> Applicable Law requires interest t�be paid on the Funds, Lender shall not be required to pay Borr��ver any
<br /> in��r�st or earnings on the Funds. BQrrower and L�nder can agree�n wri�ing, however, that interest�ha��b�
<br /> paid o�.th�Funds. Lender s�all give ta Borrower, w��hout charge, an annual accounting of the Funds as
<br /> requ�r�d by RESPA,
<br /> If�here is a surplus of Funds hel�in e�crov�r, as d�fined under RESPA, Lend�r shall account�o Borrovver for
<br /> the excess funds iri accordance with RESPA. If there zs a shortage�f Funds h�l�in es�ro�v, as d�fir��d und�r
<br /> RESPA, L�nd�r shall notify Borrower as required 1��RESPA, a�xd Borrower sha��pay ta Lerider t�x� amaunt
<br /> nec�ssary ta make up the shartage�n accordan�e wzth RESPA, but iri na mor�than 1�mon�hly pa�men�s. Zf
<br /> th�re is a deficiency of Funds held in escr�u�, as defined under RESPA, L�nder sha���aot�fy Borrov�aer as
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