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. � <br /> 4 � ��14�3475 <br /> agains� Le��d�r sha�l re�i�v�e F3arxow�r fr��m n�a���.� pa}rments ��e under �h.e Not� a�.d t���.s �ecuri� lns�ru�me��t or <br /> �erforn�i��g�.����:c��Y�nan�s a��d a�r��m.�nts����r�d b�t��is Security�ns�r�.���. <br /> Z.A�p�icatit���.af Pa��nents or�'�roce�ds.���ep�as ot.l�er�i se descrih�s�����h i�S�cti t�1�?,a�l paymcnts acc�p�ed <br /> and app�ie�by L�r�d�r sha�l l�e���.��i��in�h�f���ow�n�ord�r a��riority:�a}intc��st due und�r thc�o�c;�b}principa�d�c <br /> u�der�he l���e;�c�ar��unts d�.�ur�der�ec�ion�.��.�ch pay:me��ts sha1�be a�p�i���o�ac�i:��riod���'a�m.�nt in the ord�r <br /> �n��hich it b�c:aYr�e d�e..�n}�retnai��in�anr�ounts s��.l�.be appli�d f rst���ate charge�,�ecanc��o any o�h�r a.m�unts due <br /> un��.r�his�ecu.r���Ins�rx.arr�en�,anc��hen t���educ�:th��rincipal halar���:�f th�N�t�. <br /> �.�.`Lend�r r�c����s a pa��m�nt�`rc�m B���a��r fQr a d�li�.c�uen�:P�r�a�di�Pa.yment:whic��r�clu�es a suffi�i��at amoun�. <br /> t�pay an��ate c��ar��due,�h�pay�.�nt may be ap�l�ed to�h�d.e�ir����nt p�.�m�nt an��h�I�.�e�har�e.I�more than one <br /> �'er.i�dic �'�.ym�nt i s c�uts��.nding, �.�enc�.�r �n�.y a�p�� an.� pa��n�n� r�ce�v�ed �rom .�orrow�x to the r.epa�m�nt �f. �.he <br /> P�riad�.c Payn��n��i�,�.nd t��he ext�n��h�.�,each�a��r�en��;�.n be pai�in fu�l.T������x��nt�hat ar�y�xce�s�xis��after <br />� �:he payl��ent is ap��i�d to th�ful�pay��n�n�of�ne�r mvrc P�r�ad�c Pa�mcnts,such exG�ss�nay��a�p�i�d ta a��.���.te <br />� �harges d���.��iuntary prepayments sha��be ap}��i���r.�t t�ar���r��aa�ment charges a�.d tl�en as descr�bed in�ie No�e. <br /> .�r�.�applica�ian of p��xnen�s,i��sur�.n�e pr�ceeds,�r Miscellan�eous��'rac�eds ta pr�ncipal�.u�un.d�r��e N€��e shal� <br /> n.ot extend��r pa�t�c�n�t��e d�re da.t�,��r�;h.an��t�e�.mt�u�at,�f th�P�rio�ic��'��m�nts. <br /> 3.Funds far Es�r€srv I���s.Borrr�vv�;r sh�.l��a�r�a L�nc�er c�n�����a.y P�ric���c;Paym�nt�ar�due under the No�e, <br /> until thc No�e is paid�n full,a��a�n�.��h�"Fund.s"}���rQvid�f�r�a��men�of�.xnoun�s du��or:�a}�axes a.nd a�scss���nts <br /> an�. �����r i��ms �hi�h �an a��ain �riorit-� oWer this ��cra.rzty ���st�a.ment as a �ien ar encusnbran�� an the �'roper��; <br /> �b}leaseh��l�pa�ments o�-�ra�nd:ren.�s on�h��'r�p��rty,i.f a�a.�;��}pr����um.5 f.c�r a.ny a��.d�.���.��sur.arzc�requ:ir.ed by Lend�r <br /> unde�-�e�ti��n 5;an��d�11�Ior��ag�in��aran��premiums��f�:��,or an�r:�u.ms p�.ya.ble b��orr�wer to L�I�der in lieu t�.f.�h� <br /> paymcnt vf'Mort�;a�c �nsuran�e prem.iu�ns in a�c�rdar�c� r�i�h th��rov�sio�s of S�c�i�n 10. These items a.re called <br /> "Es�r�� Itenzs." At o�ri�in�.�ion �r at �.n� �ime ��.rir�g �he t�r�r� �f�he Laan, L.end�r m.a�r require that �Qrn�nun�� <br /> Asso�iatian i]�ues,Fees,�.nd A�sessments,if.a.n.y,be es�rowed�y 1-3arrower,an��uch c�u�s,fees and assessments shal�b� <br /> an �scr.o��� It�:�r�, Borr���r s��a�l �r�rnp�ly furnish t� Lend�r a�� �ati�;�s €�f a.maun�s �€� hG pai� und�:r t�is Section. <br /> Borrov���r shal�pay L�n��r�h�Fund��`Qr Es��€�w�1;cros unl�ss Len�e�wai�re���rro�ver's��b�i�a�i�n to pa��he Fund.s for <br /> an�or ail�scr���t�n�s.Le��der may wai�e�orr�v��r's�bliga�ion��pa���Le��der Fun�s for anyT ar a.�l Escr��v�tems at <br /> a.n�t�m�.A��y such v�r�i��r may o�.�v be�n.�ri�in�.�t�.�.he ev�nt of�u.�h�ai�er,�3c�rro���er shall pay dir.�ctl�,�hen and <br /> �her��aya.ble,�he a�n��xnt�c��e for any��cr��v�te�ns for vvhich pay�e��t af Funds has��en v�a��v��b�Lender and,if <br /> L�rid�er r��uires, �hall ��rn�sh t�o Lender reGc�pts e���encin� s�ch paynzent wi�hin su�h �ii�e peri4d a� L�nder ma�r <br /> r�auire.Bvrr�v��zr'�a�ligatian to m�.�c�su�h�a���n�s a�xd ta pr��i.d�rec�i�ts sh.a11 far a.I�purpas�s be dee�ned ta�be a <br /> cvW�nan�and a�;reernent contai.ned in t�.is Security l.ns���n�,�.5 th�e phras�"c����ant and��r��r�nen�"�s us�d in Se��ior� <br /> 9.I.f�orr�w�r�s obl i�atec�to�dy Est�rc�v�����:m�dir�ct�.y,purs��.��o a w�.i�er,an�i F�orr�-in�er fai ls to pay the a.m��ant t�u� <br /> for an E�Grov�� �te�,Lc��d�r n1�.y ea�ercise its righ�s undcr S�c�i�n 9�.nd.pa�su�h am�un�and Ba��ro►�rer sha11 �hen be <br /> obligate�un�er Se�ti.o�_9 to repay to L�nd.er an�such an�aunt.L��d.���a�re�oke�h�ti�a�ver as ta a��r or a11 Escr�� <br /> It�ins at any��m�by a n.o��c� �i��n in accord�.n��wit���e�tic�n �5 anc�,���n.such re�t��atio�,F3or.ro�er. sha��pay�o <br /> L�nder al�Funr�s,a��d in such a�r��unts,that ar�th�n requi�c:c�und�r tihis S�c�io��3. <br /> L�ender n�ay,at any��rne,�ollect a�x�hold Fu�l�s i�ar�a�n�un���.}sufficien��o�erm�t L�ndcr ta apply t�i�Funds at <br /> th��ime sp�cifi�d und�r RE��'�,an�.�b�n�t ta�xce��_�he maxi�num a��o�n�a lend�r ca�a regu�r��.�nder RE�PA.Le�d�r <br /> sh�l��sti�7�at��h.e a�no��nt af.�'u:r�ds due on�he ba.sis af_�urren�d�,��.�nd r.���ar�able�s�i��t�s of ex�enditures of�utLire <br /> Escro��i���ns ar c��h�r�����.r�ac�;c�rc�a.��c���vi�h Applica���La�v. <br /> The Funds shall be hel�in an�ns�.i�ution��hos�de���its ar�insur�d�yr a f�d.er��ag�n��,��s�.rurnen���i�:�,ar enti� <br /> ��nclud�.ng L�nder,i�`Lender is an institu�ion v��hose dep�si�s�.r�so in�ured�ar in a�ay F�dera�Harr�.�Loan Bank.Lender <br /> shall ap�ly�h�e Fun�s��pay t�a�Fs�.rc����tems nc�t���r.�han the�i.nr�e s���if.ed�nder R.ESPA. Lend�r s�all n.o�cha.rge <br /> ��rrawer f�n c��ldin�a.����ap��ly���g�he Fu�.ds,�.nn�.al��a.��alyzin��h.��s�ro�r a�cQ��,c�r�erif�in��he�scrc��It�ms, <br /> u.nless L�nder�a�s Barra��er int�;rest ar�the Funds and��plicab��;I�a�u perm�t�Lend�r t��nak�such a ch�.r�e.�nless an <br /> agr�emen�is�nade�n�riting or�ppl��ab1�Lav�r���tir�s in��r�s�to be paid on���Funds,L�nder sha��not b�r�quir�d�o <br /> pa�r I3orro�er a����.��.�eres�c�r earnin�s c�:n the��u�.d�.J�orr��Ter and L�nder can agr�e in.�ri�ing,�.o��uer,�ha�in�er�s� <br /> �ha�l be paid on�he F�.�n�.s.L�nt�er shd��gi�e�o Borrc�ti�Er,v�ith�u�cha.r�;�,�n annual a�;cc�unt�ng�f.th�I`und�as rec�u�r�� <br /> b��.ESPA. <br /> NEBR►�►S�[A-5�ngle Family-Fann�e i�laelFreddi��a�IJN�F�RIVI IN�YRUMENT w�th MERSFarm 3U�8 11�'� <br /> P�ge 4 af'�3 <br /> �os,i��. <br /> ���-���251'����-3U2��-��4-��� <br />