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<br /> An� appX�cat�on of payments, �nsurance proceeds, or Miscellaneous Proceeds to princ�pal due under�he Note
<br /> shall na�ex�end ar pos�pone�he du�date, or change th�am�unt, af the Periadic Pa�men�s.
<br /> 3. Funds for�scrow Items. Bnrrower shall pay�o Ilender on the day P�riodic Paymen�s are due under the
<br /> N��e, un�����e Nc��e�s paid �n full, a sum�the "Funds"}�o prn�ide for pa�ment of amounts due for: �a} �axes
<br /> and assessn�.en�s and other i�ems which can attain pr�or�ty over this Security�nstrument as a lien ar
<br /> �ncumbrance on the Praper�y; �b} ieasehold payments�r ground ren�s on th�Property, �f any; �c}premiu�ns
<br /> for any ar�d a�� insurance r�quired b�Lender under Sec�ian�; and �d} N�or�g�ge�nsurance premiums, if any,
<br /> ar an�sums pa�able�y Borraw�r ta Lender in�xeu af the paymen�of Mortgage�nsurance premiums �n
<br /> accordance v�r�th the pro��s��ns�f Sect��n �4. These i�ems are ca���d "Es�r�w��ems." A�or�ginat�on or a�
<br /> any t�me dur�ng�he term of�he Loan, Lender rn.ay require�ha��ommun�ty Assoc�at�on Dues, F�s, and
<br /> Assessm,ents, if any, �e escrowed by Barrawer, and such dues, fe�s and assessmen�s shal�b�an Escrow
<br /> �tem. Barrower s�a�1 promp��y furnish�o Lender a��nat�ces�f amounts�o be paid under th�s Section.
<br /> Borrower sha11 pay L�nder�h�Funds far Escr�vv ��ems un�ess Lender wai�es Borrov�er's obl�gatzon�o pay
<br /> the�unds for any or a�� Escrov� ��ems. Lender may wa��e Borrower's ab��gation to pay to Lender Funds for
<br /> any or a11 Escrvv�r ��ems a�any t�me. Any such.wai�er may only be in wri�ing. �ri�he e�ren�of such�vai�er,
<br /> Borrower sha.�l pay direc��y, v�rhen and where payable, �he am�un�s due for any Escrow ��ems far v�hich
<br /> pa�m�nt of Funds has been waived by L�nder and, �f Lend�r requires, shall furnish to Lender rec��p�s
<br /> e�idencing such pa�ment with�n such t�me per�od as L,ender may requ�re. Borrawer's obl�gation�o make
<br /> such payrnen�s and to provid�rece�pts sha1� for a�I purposes be deem�d to be a co�enan�.and agreemen�
<br /> contained xn thi� Secur�ty�nstrument, as�he phrase "���enant and agr��ment" is used�n Section 9. �f
<br /> Borrower is obl�gated to pay Escr�w I�ems d�rect�y, pursuan��o a wa�ver, and B�rrawer fails�o pay the
<br /> amoun�due fnr an Escro�v I�em, Lender may exercise its righ�s under Sec�i�n 9 and pay such amoun�and
<br /> Barrower shall then be ob�iga�ed under Sect�on 9 to repay�o Lender any such amoun�. Lender may re�ake
<br /> �he wa�ver as t� any or a11 Escrow �tems a�any�ime by a n�t�ce given in accordanee wi�h Sec�ion �.S and,
<br /> up�n such re�aca�ion, Borrower sha��pay t� Lender aIl Funds, and in su�h amounts, tha�ar��hen required
<br /> under th�s Sectian 3.
<br /> Lender ma�, at an�r t�m�, c�iie�t and hold Funds in an amoun��a} sufficient ta perm��Lend�r�o app��r�he
<br /> Funds a��he�im.e sp�cif�ed under RESPA, and �b} no�to e�ceed�he maxim.um amoun�a lender can require
<br /> under RESPA. L�n�er shal.� est�ma�e fihe amount of Funds due on the basis of�urr�n�data and reasonable
<br /> es��mates of e�pend��ures of fu�ure Escrow I�ems or ather�vise�n accordan�e with Applicable Law.
<br /> The Funds shall be held in an ins�xtu��on whas�deposi�s are�nsured by a fed�ra� agency, instrumen�a�it�, or
<br /> enti�y ��n�luding Lender, xf L.ender is an institutian whose dep�sits ar�sa �nsured� or�n any Fed�ral H�me
<br /> L�an Bank. Lender sha�� app�y�he Funds �o pay the Escr�v� ��ems n� later than�he t�me specxf�ed under
<br /> RESPA. Lender sha��na�charge B�rrnwer for ho�ding and applying�he Funds, annually ana�yz�ng the
<br /> escrow acc�unt, or verify�ng the�s�row ��ems, unless Lender pays Borrov�rer in�eres�an the Funds a�ad
<br /> App��cable La�v permi�s Lender t�make such a charge. Un�ess an agreement is made�n v�ri�ing or
<br /> Appl�cab�e La� requxr�s �nteres�to be pa�d on the Funds, Lend�r sha��not be r�quired�o pay�orrovcrer ax�y
<br /> interes�or ea�n�ngs on�he Funds. Borrower and Lender can agree in writing, howe�er, �ha�interest sha1X b�
<br /> pa�d�n the Funds. Lender sha�l give ta Borr�vver, v�r�th�ut charge, an annua�accounting of the Funds as
<br /> requ�red by R�SPA.
<br /> �f there�s a sur��us of Funds he�d in e��row, a�def�ned under RESPA, Lender sha��accoun�to B�rrower far
<br /> the excess funds in accordance with RESPA. If�here�s a shortage of Funds held in escrnw, as defined under
<br /> RESPA, Lender sha��no�ify B�rrower as requ�red by RESPA, and Borrower shall pay to Lender the am.oun�
<br /> necessary to make up the sh�r�age in accordance w��h RESPA, �u��n no m�re�han 1�m�nthiy paym.�n�s. Yf
<br /> �here is a de�ci�ncy of Funds he�d in escrow, as de�ned under R.ESPA, Lender sha11 not�f�Borrower as
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<br /> Woiters Kfuwer Financia!Ser�ices Page 5 of 17
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