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<br /> An�app�ication of paymen�s, �nsuranc�proce�ds, or M�scel�aneous Proceeds�o princ�pa� due under�he Note
<br /> sha��no�extend or pos�pone the due date, or change the amount, �f the Periodic Payments.
<br /> 3� Funds for Escro���It�ms. Borrov�er sh�l� ga�t� L�nd�r on�h�d��T P�eri�d�c Paym�nt� �r��uP«n.�Pr. ���
<br /> No�e, un��l�he No�e is pa�d in fu11, a sum�the "Funds"} �o pro�xde for pa�ment of am�un�s due for: �a� taxes
<br /> and assessmen�s and o�her�tems which can attain priori�y over�his Se�uri�y�ns�rumen�as a lien ar
<br /> encumbrance on the Proper�y; �b} leaseho�d paym�n�s or gr�und ren�s on�he Proper��, if any; ��}prem�.ums
<br /> for any and all �nsurance re�uired by Lender under Section 5; and �d� M�rtgage�nsurance premiums, �f an�,
<br /> or any sums payab�e�y Borrflwer�o L�nder�n lieu of the payment�f Martgage�nsuranc�premiums in
<br /> accordance v�i�h�he pro��s��ns of S�ction �D. These �tems are ca�led "Escrov� ��em�." A�ar�gina�ion ar a�
<br /> an�t�me dur�ng�he term of th�Loan, L.ender may requ�re�hat Cammuni�y Assoc�atian Dues, Fees, a�d
<br /> Assessmen�s, �f an�, be escravved by Borr�wer, and such dues, fees and ass�ssments shall be an Es�row
<br /> Item. Borrower shall prom.p���furnish�o Lender al� not�ces �f amounts ta be pa�d under this S��t�on.
<br /> Barrov�er shall pay Lender th�Funds for Escrow ���ms uniess Lend�r ura�ves Borrow�r's obliga��on to pay
<br /> the Funds for any or a11 Escrow ��em�.s. Len�er may wa��e Barrov�er's o�Xigation t�pay to Lender Funds far
<br /> any or al� Escrow �t�ms at any�ime. Any such waiver may onl�r be in wr���ng. In�he e�ent of such wa��er,
<br /> �3orrower sha��pay d�r��t�y, wh�n and vvhere paya��e, �he am�un�s due for any Escr�w �tems far which
<br /> payment of Funds has been waived by Lender and, if Lender r�quires, shall furnxsh�o�nder r�ceipts
<br /> evidencing such paymen�w�thin such time period as Lender may requxre. Borrow�r's obi�ga�xon t�make
<br /> su�h paymen�s and to pr��ide receipts shal� for a��purposes be de�med to be a cavenant and agreement
<br /> �onta�ned in�his Secur�ty �nstrument, as th�phrase "covenan�and agreemen�" is used in Section 9. �f
<br /> Borrow�r is ob�igated�o pa�r Escrovv Items direc���, pursuan�to a wa�ver, and Bnrrov�er fa��s t�pay�he
<br /> amount due for an Escraw ��em, Lender may exercise i�s ri�hts under Sect�on 9 and pay such amaunt and
<br /> Borrower sha11�h�n be o��igat�d under Sec�.ion 9�� repa�to Lender an�such amount. Lender may revoke
<br /> the wa��er as to any or aX� Escrow It�ms at any��me by a no�i�e g��ven�n accordance with Sectian 15 and,
<br /> upon such r��ocation, Borrower sha��pay�o Lender a�l Funds, and in such amoun�s, �ha�ar�then requir�d
<br /> under th�s Sect�on 3.
<br /> Le�der n�ay, at an�r t�me, c��iect and ho�d Funds in an amounfi ta� suf�cient to permit Lender to apply�he
<br /> Funds at the time specified under RESPA, and�b}not�o ex�eed the maximum amaunt a lender can requ�r�
<br /> under RESPA. Len�er shali es�ima�e�he amoun�of Funds due on the basis�f current data and reasonable
<br /> es�ima�es of expenditures of future Escrow �t�ms or o�herv�ise in accordance�rith Appli�a�le Law.
<br /> The Funds sha����held in an znst�tu�ian v�hose depos��s are �nsured�y a federal agency, �nstrumen�a���y, ar
<br /> ent��y �in��uding L�nder, if L�nder�s an�ns�itu�ian v�hose depos�ts ar�so insured} or in any Federal �ome
<br /> L,�an Ban.k. Lender shal� appiy the Funds to pay the Escrovv I�ems no �ater�han th��ime spec��ed under
<br /> R�SPA. Lender shall not charge Barrower for ho�d�ng and applying�he Funds, annuall�r anal�zing�he
<br /> escrow account, or ver�f�ing the Escrow It�ms, un�ess Lender pa�s Borrower�n�erest on�he Funds and
<br /> App�i�abi�Lav�p�rmits Lender to make su�h a charge. Unless an agree�men�is made in writing ar
<br /> App�icable Lav� requ�res �n�erest�o be pa�d on�he Fu�ds, Lender shall n�t be required to pa�Borraw�r any
<br /> in�erest or earnzngs on th�Funds, Borr�wer and Lender can agre�in v�ri�ing, hov��ver, that interest shal��e
<br /> pa�d on the Funds. Lender sha11 give to Borrov�rer, wi�hout charge, an annua� account�ng of�he Funds as
<br /> requ�r�d by RESPA.
<br /> �f�here is a surp�us of Funds held in es�ravv, as def�ned under RESPA, Lender shall account�a Borrow�r for
<br /> �he excess funds in accordanc�wi�h R�SPA. If th�re�s a shor�age of Funds heid xn�scr�vv, as def�ned under
<br /> RESPA, Lender sha��n�t�fy Barrov��r as requ�red by R.�SPA, and B�rrower shall pay to Lender�he an�.Qunt
<br /> nec�ssary�a rnake up the shnrtage in accardance with RESPA, bu� in no more than �.2 monthly payn�ents. �f
<br /> there is a defzciency�f Funds held in escro�r, as def�ned under RESPA, Lender�hali no�ify Borrov�er as
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<br /> Wvlters K�uwer Financia[Ser�i�es Page 5 of 17
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