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<br /> Any applica�ian of payments, insuranc�proceeds, or Misce�laneaus Proceeds �a principal due under�he No�e
<br /> sha�i na�ex�end or pos�p�ne the due da�e, �r change�h�amount, of the Perxodic Payments.
<br /> 3. �`unds fur Escrow Items. Borrov�er shall pay�o Lender nn the day Perzod�c Payments are due under the
<br /> No�e, un��i the Nflte is paid in full, a sum�the "Funds"} to pravide for paym�n�of amaun�s due for: (a�taxes
<br /> and assessments and ather i�ems wh�ch�an a�.�ain prior��y nver this SeCurity �ns�rumen�as a�xen or
<br /> �ncUm�rance an the Pro�er�y; tb} 1�asehold payments or gr�und rents on�he Prop�r�y, if any; �c}prem�ums
<br /> for any ar�d aIl insurance requ�r�d by L�nder under Section S; and�d} M�rtgage Znsurance premiums, if any,
<br /> ar any sums payabie by B�rrower to I.�nder in I��u af�he pa�rment�f Mflrtgage�nsurance premiums in
<br /> accordance vwi�h the pr�vis�ans of Secti�n 1D. These items are called "Escrov�r ��ems." At or�ginat�an ar a�
<br /> any�ime dur�ng�he term of�he Loan, Ilender may require tha�Gommunity Assocxat�on Dues, F��S y and
<br /> Assessmen�s, if any, be es�rowed by Borrower, and such dues, fe�s and ass�ssments shall be an�scr�w
<br /> �tern�.. Borrower sha�l promp��y furn�sh to L.�nder a�� n�tices af a�mounts�a be pa�d under�his Sec�ian.
<br /> Borrower sha��pay Lender the Funds for Escrow ��ems unless Lender waives Borrower's ohl�gation ta pay
<br /> the Funds for any or a11 Es�rovw I�ems. Lender may vvaive Borr�v�er's ob�iga�i�n to pay��Lender Funds for
<br /> any or a11 Escrow Items a�any�ime, Any suc�wai�er may oniy be in wr��ing. �n the e�en��f such vvai�er,
<br /> Barrower sha1�pay d�rect�y, when and where pa�able, �he amoun�s dUe for an� Escrow I�ems far w�ich
<br /> paymen��f Funds�as be�n waived by Lender and, if Lender requ�re�, sha11 furnish to Lender rece�p�s
<br /> eviden�ing such paym�nt�i�h�n such�ime per�od as Lender may r�qu�re. Borrnwer's obligation to make
<br /> such pa�ments and to prav�de receipts shall far all purposes�e deemed to be a covenant and agreement
<br /> con�ained in�h�s Secur�ty�nstrumen�, as the phrase "co�enan�and agreement" �s us�d�n Section 9. �f
<br /> Borro�r�r�s ob�iga�ed to pa�r Escraw �tex�a�d�rec�Iy, pursuant�o a wax�er, and Borrower fa�ls to pay�he
<br /> amoun�due for an Escraw I�em, Lender ma�r exercise�ts rights under Section 9 and pa�su�h amount and
<br /> �3arrflv�rer sha�� then be���igated under Sec�i�n 9 to repay�� Lender any such amoun�. I.ender may re��ke
<br /> �he wa�v�r as�� any or a�l �scraw ��ems at ar�.�time by a no��ce g�v�n in a�cordance with Se�t�on �5 and,
<br /> upon such revoca�ion, Borrower sha�I pay�o Lender a1X Funds, and�n such amounts, that are�hen requ�r�d
<br /> under�h�s S��ti�n 3.
<br /> L�nder may, a�any time, co�Iec�and ho�d Funds in an amount�a} sufficient to permit Lend�r��app�y�he
<br /> Funds at�h��im�specified under RESPA, and�b} n����exceed the max�mum amoun�a�ender can require
<br /> under RESPA. Lender�hall estima�e�he amoun�af Funds due�n�h�bas�s�f current da�a and r�asanaY��e
<br /> estima�es of expend�tures of fu�ure Escr�w I�em�or othervv�se�n accordance vv��a App�icable Law.
<br /> The Funds sha��be held in an institution whase deposits are insured by a federa� agency, �nstrumental�ty, or
<br /> entity��nc�ud�ng Lender, if L.ender is an insti�u�ion wh�se deposi�s are so insured} �r in any Federal �-I�me
<br /> Loan Ban�. Lender sha11 app�y�he Funds�o pa��he Escrov� �tems no �ater than�he time�pec�f�ed under
<br /> RESPA. Lender sha��n��charge Barrower for holding and app��r�ng�he Funds, annually ana��rz�ng�he
<br /> escrov�r account, or�verzfying th�Escro�r �tems, un��ss Lender pays Borravw�r in�eres�on the Funds and
<br /> App��cable Law permi�s Lend�r��make such a charge. Un��ss an agreement is made in vvr�ting or
<br /> Applicab�e Law requ�res inter�st�a be pa�d�n��e Funds, Lender sha��no�be re�u�r�d�o pay Borrower any
<br /> �n�eres�or earnings�n the Funds. Borrawer and i.�n�ier can agree in wri��ng, however, �hat�nteres�sha11 be
<br /> paid on the Funds. Lender sha��g�ve ta Borr�wer, without charge, an annua� ac�ounting of the Funds as
<br /> re�u�red by RESPA.
<br /> �f there is a surp�us of�unds held in�scrflv�r, as de�n�d und�r R�SPA, Lender shal� account to Barrower for
<br /> �he e�cess funds �n accordanc�with R�SPA. Zf th�re is a shortage of Funds held in escro�, as d�fined under
<br /> RESPA, Lend�r shai�notify Barrawer as requ�red by RESPA, and Bflrr�wer shal�pa�ta I.�nder the amount
<br /> necessary�a make up the shar�age in accordance w��h RESPA, but in no more�han �.2 month��payments. �f
<br /> �here�s a de�ciency of Funds h��d�n escrow, as de�ned under RESPA, Lender shal�no�ify�3orrow�r as
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