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��14��439 Z. Nl�nthiy Payment of Taxes, �nsuranceand�ther Charges.Barrower shal�include in each monthly payment,together with the princ�pa�and interest as set forth in the N�te and any late charges,a sum for �a}taxes and special assessments�evied or to be levied against the Property,�b}�easehold payments or ground rents on the Property,and[c)gremiums fQr insurance required under paragraph 4. In aay y�ar in which the L�n.der must pay a mortgage insurance premium to the 5ecretary of Housing and�rban Develapment�"Secretary"},or in any year in which such premium would have been requ�.red if Lend�r sti11 held the Security Instrument, each monthly paymen�sha�l a�so inc�ude either: (i}a sum for the annual mor�gage insurance premium to be paid by Lender��the Secretary,or�ii)a manthly charge instead of a mortgage insurance premium if this Security Instrument is held by�he Secreta�y, in a reasanable amaunt to be determined by th��ecretary. Except for the monthty charge by the 5ecretary,these items are called "Escrow Items"and the sums pa�d to Lender are called"Escrow Funds." _ Lender may,at any time,coll�ct and hald amounts for Escrow Iterns in an aggregate amount not ta exceed the maximum amount tha�may be required for Bor�rower's escrow accoun�under the I�eal Estate Settlement P�rocedures Act of 1974, i 2 U.S.C. Seetian 2G�� et.seq. and�mplementing regulations, 1� C.F.R. Part 1��4,as they ma�be amended from time to time�"RESPA"),except that the cushion or reserve permitt�d by RESPA for unanticipated disbursements or disbursemen�s befor�the Borrower's paymea�s are ava�lable in the account may not be based�n amounts due for the mortgage insurance premium. �f�he amounts held by Lender for Escrow Items exc�ed the amounts permitted to be held by RESPA,Lender sha11 account to Bano�ver for the excess fu.nds as required by I�ESPA, If the amounts of funds held by Lender at any time are not sufficient ta pay the Escraw Items when du�,Lender may notify the Borro�ver and require Borrower to make�g�he shartage as perm�tted by RESPA. The Escrow Funds a.re p�edged as additiona�security for all sums secured by th�s Security Instrument. If Barrower�enders to Lender th�full payment of a11 such sums,Borrower's accou�t sha11 be credited with th�balance remaining for a11 in.stat�ment�tems(a�, (b},an.d(c}and any mor�gage insurance premium installment that Lender has not become ob�igated to pay to the Secretary,and Lender sha11 promptly refund any excess funds to Borrower. �mmedia�ety prior to a foreclosure sale of the Property or its acquisit�an by L�nder,Borrower's ac�ount sha11 be credi�ed�vith any balance remain�ng for all installments for items(a}, (b),and(c}. 3. Applicationaf Paym�nts.All payments under paragraphs 1 and� sha11 be applied by Lender as follows: Fi.rst. tQ the mortgage insurance premium to be paid by Lender to the S�cretary or to the monthly charge by the Secretary instead of the monthly mortgage insurance premium; n ta any taxes, specia�assessrn�nts, leasehold payments or ground rents, and fire, flood and other hazard in.surance premiums,as re�}uired; Thir to interest due under the Note; Fourth• to amor�i�ation of the principal of the Note; and Fifth. to late charges due under the Note. 4. Fire,Floodand�ther Hazard Insuranee.Borrower sha��nsure a11 impro�ements on the Property, wh�ther now in existence or subsequentl�erected,�,gainst any hazards, casualties,and cantingencies, �ncludin.g fire, for which Lender requires in�urance.T�is insurance shal�be maintained in the amounts and for the periads that L�nder requires. B�rrower shall a�so insure a�1 impro�ements on the Proper�y,�vhether naw�n�x�stence�r subsequently erected,against 1�ss by flaods t�the extent requued by the Secretary.All in.surance sha11 be carried wi�h companies approved by Lender.The insu.rance p�licies and any renewals sha11 be held b�r Lender and shall iaclude loss payable claus�s in favor of,and in a form accepta.ble to,Lender. FHA Mortgage WITH MERS-NE Re�ised 4I9� VMP� VMP4N=IVE}�134Z�.Q4 Wolters K1�wer Financial Services Page 3 af'i 4 q�33�6�16445 0233 �83 �314