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<br /> �. Applicationof Pa�m�nts c�r Pr����.�xcep�a.�+a�h�n�vis���scrib�d in this Section�, al�pa�m�nts
<br /> a�cept�d and app�ied by Le�der�ha��b�appli���n�h�fal�t��ving ord�r of pr��rity: (a)inter�st d�ue under the
<br /> Note;�b)principa�d�u�un�er th�Note;��c�amo�nt�due�nd�r Se�ti�vn 3. S��h pa�m�nts shall�e appli�d to
<br /> each Perio�dic Pa�n�e�t in the order in�vh%ch it b�came�lue.An�r�m�ining am�unt�s shal�be applied fust to
<br /> iate charg�s,s�+�n�t�a���ther a�moun��due�n�d�r tbis��c�arity I�trument,and then to rec�uce th�
<br /> principa�balan��Qf th�I�T�te.
<br /> If L�nd�r r�c�iv�s�pa�m�nt frc��m�rr��er��r a�elinq��nt P�ri��di�Payme�n�w�i�h includ�s a su�"rcient
<br /> am�unt to p�.y any l�tae�,har��e du�,th�pa�aent�y��a�pli�i to th�delinq�a�nt paym�nt an�the Iate
<br /> �harge. If more than�ne�'e�ivdic�a�rrr��nt is�vu��nt�i�,I.�e��er may apply any paym�nt rec�i�red frvm
<br /> Borro��r tc�the r�pa�ent�f the P�-i�d.i��'���n�i�,a�d t�the extent t�,a�,�ach pa�m�nt can be paid in
<br /> fu11.�o the e�tent tl�at an�e�c�s���ists�i�er�e p��m�t i�appli�d to�h��ull pa}�ment of one or mor�
<br /> P�riodic Pa�ents,��ch����s�ma�r�e��plied t��.n��a�e�harg�s d�e,'V�luntar�pr�pa�m�nt�shall b�
<br /> applied f�rst to any pr�pa�m�nt��arg�s a�d th�uu a.���s�r�ibed u�tl���o�.
<br /> Any applicati�n Qf paym�►ts,insurance prc�c��s,�r�Ii�c�����a�us�r�ce�ds t�pr�n�ipal du�under th�Not�
<br /> sha��not��tend or po�fipon�t�►e du�da�e,or chang�th�am��unt,of the Periodi�Pa�ment�.
<br /> 3, Fu ndsfor Eser��w It���.Borro��r s�all pa�to.�n�i�r��the da�P�ri�i�Pa}�ment�are due under the
<br /> Note,until th�I�T�t{e is paid in f�l�,a�m�#he"F�nds"���rovid�for p��m�nt vf amoun#s due for: �a�t�xes
<br /> and ass��sments�.nd�ther it�;ms�hic�can a�in privrit�over this��curity Instrument as a li�n or
<br /> encumbran��on th�Property;�b��e�seht�l�1 p���nts�r grvund r�nts�n th�Prvperty, if any;(c}premiums
<br /> for any and al���surance re�u�r�d by L�nd�r�.nder Sectivn�;and�d��Iortgag�In.suranc�premiums,if any,
<br /> or any sum�p��able by Bonv�v�r t�L�nder in�ieu�f the paym�nt�f�'�IQ�tga��Ins�rance premiums in
<br /> a�cordanc�with tt�e pr��is��n.s v�S��t�t�n �0,'T'h�se it,emm��re�all�d"Escro�v It�ms."At arigination or at
<br /> �.ny tim�durin�the t�rm�f th��an,L�nd�r ffia�requ�r�that Cvmmt�nity Ass�ciation Dues,F�es,and
<br /> A.�sessments,if an�,be�e�crv�ved by Bono�wer,and s�.ch d�u�s,f��s and assessments shall b�an Escrovv
<br /> Item, Borro�er shall gr�mptly furn.is'h t�t�L���all n��ice�of an�ounts ta be paid under th�s Section.
<br /> Bonow�r shall pa�Len�ler th�Funds ft�r Es�cr��I�en�,s�u�l��Lender►,�vai��s$orrower'�obligation to pay
<br /> the Funds fvr any or aii Es�ro�Item�. Lender ma�r�ai�e Borr�w�r's obligation to pay t�Lender Funds for
<br /> any ar all Es�ro�Iten�at any tun�.Any�+��.�vaiver may only be in�ting.In the event of such wai�ver,
<br /> B�rrower sha�l pa�directiy,�vhen and v���r�payabl�,���am�un�due for any Escrovv Items for�vhich
<br /> payment of Funds�has b�en�ai�e�by Lend�r�nd, if Len�er re��ues�shall fumi�h to L�nder r�c�ip�
<br /> e�idencing�u�h pa�°m�nt�vithin such time per��as Lender m��r��ui.re,BQno��r's obligation to ma.ke
<br /> such pa�ment�and to pr�vide rec�ipt�shall�or all purp�s�s be de�med to be a c��enant and agreement
<br /> conta.ined in this Security Instr�tment,a�the phrase"'��enant an�agre�ment"is used in Section 9. If
<br /> B�rro�ver�s ob�igated to p��E�cro�Items due�t�y,purs�ant to a wai�rer,and Borr��v�r fails to pay the
<br /> am�unt du�f�r an Es�rv�Item,Lend�r ma�ea�er�ise its righ�s under�ection 9 and pay such amount and
<br /> Borro�v�r shall then be obligated und�r�ect��n�to r�pa�tv L�nder any s�ch arr��unt.L�nder may r�voke
<br /> the�raiver as to an�or a�l Es�ro�It�ms at�.ny tim�b��n��ic�giv�n i.n ac�ordan.ce with Section 15 and,
<br /> upon such revocat�vn,Bvrrc��ver shal�pa�t�Len��r a�1 Fu.a�s,and�n su�h am��unts,that�re then required
<br /> under this��ction 3.
<br /> Lender may,at any ti.rr��,c�l��ct and h�Id Fu�+d.�i�a�am�t�nt(a}�ufficient t�p�rmit L�n��r to appty the
<br /> Funds at the tim�specif��d under RE�P�,an�d�)not t���cc��d the max�murn am�unt a i�nder can requue
<br /> under RESPA. �ender s�a.11 estim��e t�ae a�a�o�r►t of Fun��ue�n the bas�s�f curr�nt data and reasonab��
<br /> estimates Qf�xpenditu�res�f fut�ur�E�ro�Items�r ot��ise in ac+cordance�vith Appli�able Law.
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