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<br /> An�applica�ion of paymen�s, �nsuranc�praceeds, or Misce��aneous Pr��eeds ta pr�nc�pa�due und�r the Note
<br /> sha�� not ex�end or postpone the due date, �r change th�amount, of�he Peri�dic Payments.
<br /> 3. Funds for Escraw I�ems. Borr�wer shal�pay to Lender on the day P�riodic Pa�ments are due under the
<br /> N'��e, unti��h�Note�s paid�n ful�, a sum�the "Funds"}to prov�de far paymen�of amaun�s due for: �a} taxes
<br /> and assessmen�s and other�tems which�an atta�n priority over th�s Securi�y Ins�rument as a���n or
<br /> encumbran.��on the Praper��; �b} �easeho�d payments or ground rents on the Proper��, rf any; �c}premiums
<br /> far any an.d a�� in�urance required b� Lender und�r Se�tian 5; and �d} M�rtgage�nsurance premiums, �f any,
<br /> ar an�r sum.s payable by Borrower to Lender in��eu�f the paymen�of Martgage Insuran�e premiums in
<br /> accardance w�th the provis�ans of�ec�ian 1Q. These �tems are cai��d "�scrow Items." A�orig�nat�nn or at
<br /> an��ime during the term of�h�Laan, Lender ma�r requ�re�hat�om�mun��y Ass�c�ation Dues, F�es, and
<br /> A55�5SI11�nt5 y if any, be e�crowed by Borrav��r, and such du�s, fees and assessments sha��be an�scraw
<br /> It�m. B�rrower shall promp�ly furnish ta Lender all no��ces of amounts to be paid under�h�s Sect�on.
<br /> B�rrawer sha11 pa�Lender the Funds for Escravv Items unless Lender vwai�es Borrower's ob��ga�ion tv pay
<br /> �he�unds for any or a�� Escrovv �tems. Lend�r may waiv�Borrower's obl�gafian�o pay to I.�nder Funds far
<br /> an�ar a�� Escrow I�ems a�an�r time. An�r such wa�ver may only be in wr�t�ng. In���e�en�of such wax�er,
<br /> Barrov�er shall pay direc�ly, wh�n and�rhere payab�e, the amoun�s due f�r any Escr�w ��ems for vcrhich
<br /> payment af Funds has been wa��ed�y L�nder and, if Len.d�r requir�s, sha�l furnish�� Lender receipts
<br /> e��denc�ng such pa�men�within such�im�e peria�.as I,ender nlay requir�. Borrower's�biigation�o make
<br /> such paymen�s and to provide receipts shall for a��purpases be deen�ed�o be a covenant and agreemen�
<br /> conta�ned in th�s S�cur�ty �nstrument, as the phrase "cav�r�ant and agr�ement" �s used in S���ion 9. �f
<br /> Borrower is ob��gated to pay Escr�w ��ems directl�, pursuan�to a waiver, and Borrower fax�s to pa�th�
<br /> am�un�due fflr an Escr�w �tem., Lender may exercise its righ�s under Sect�on 9 and pay such amoun�and
<br /> Borrawe�shall then be ob�igated under S���ion 9�o r�pay to Lender any such amount. Lender ma�r re�o�e
<br /> the wai�er as�a an�or a1X Escrovv Items at any time b�a no�ice given in accordance wi�h Sec�ion 15 and,
<br /> upan such revocation, Barrower shall pay to Lender aIi Fu�ds, and in such amounts, �hat are then r�quired
<br /> under�his �ecti�n 3.
<br /> Lender ma�, at an�t�me, c���ec�and ho�d Funds in an amoun��a} sufficien�ta permit Lender�o app�y the
<br /> Fund�at�he�ime specif�ed under RESPA, a�.d��}n�t to exceed�he maximum amount a�ender can require
<br /> under RESPA. Lender sha11 es�imate th�amoun�af Funds due an the basxs of current data and reasonal���
<br /> estimates of expenditures of future Escrow I�ems or a�her�r�se�n accordance vvith Appl�cable Law.
<br /> The Funds sha��he held in an inst�tu�ion whflse�ep�si�s are insured by a federal agency, instrumen�a��ty, or
<br /> entity��nc�udin�L.end�r, �f Lender�s an�ns�i�u�x�n wh�se depos��s are sa�nsured}or xn any Federai �ame
<br /> Loan Bank. Lender shal� apply�he Funds ta pay�he �scrow Items no�ater than�he time spec���d under
<br /> RESPA. L�nder sha�l not charge Borrower for holdi�g and app�ying the Funds, annua�Iy analyzing the
<br /> escrovv account, or�er�fy�ng�he Escrow ��ems, uniess Lend�r pays Borrower�nteres��n the Funds and
<br /> App��cab�e Law p�rm��s Lender�o xnak�such a charge. Unless an agreement is made�n writ�ng or
<br /> App��cab�e Law requ�res in�eres���be pa�d on the Funds, Lender sha��nat be requxred�o pay Borrower an�
<br /> interes�or earnings an the Funds. Borrower and L.�nder can agree in v�rri�ing, hov���er, �hat in�erest sha�l be
<br /> paid on th�Funds. Lender sha�l g�ve ta B�rr�wer, w��haut Charge, an annua� accaunt�ng of�he Funds as
<br /> r�quired by RESPA.
<br /> �f there�s a surp�us�f�unds held�n es�row, as de�ned under�t�SPA, Lender shal� accaun��o Borrower for
<br /> the exc�ss funds in acc�rdanc�w�th R�SPA. �f�here is a shor�a�e of Funds h��d �n escr�vv, as defined under
<br /> RESPA, Lender sha11 n��ify Borrower as r�qu�red by RESPA, and Borrower shall pa�to Lender the amount
<br /> necessary�a make up the shor�age�n ac�ordanee w�th RESPA, �u�in no more�han �2 m�n�h�y paymen�s. �f
<br /> th�re is a deficiency of Funds he�d �n esCrow, as de�n�d und�r RESPA�, Lender shali no�ify Borro�ver as
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<br /> Wvlters Kluwer�ir�anciaf 5er�ices Page 5 vf 17
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