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<br /> Any a�plica�io�l of pay�nen�s, insL�ra�ce proceeds, or Mis�ellaneoL�s Pz��ceec�s �a princi�al c�ue under t�ae Note
<br /> s�al�na�ex�erid ar pnst�or�e tihe due c�a�e; or chai�ge��ze amount, o�t�e Per�o�.ic Pay�n�n�s.
<br /> �. Ft�nd�far Escro�I�eYns. Bo�rovv���1�a1�pay�o Len�.er on the d�.y Per�od�c Pay�ner��s ai e dt�e t��.�.er the
<br /> .�.......�' ...rr...tr ,.t�'�r...�..�ati.r::..�,.�.......�r....,.;.' w�..,...ra..a`�.'���.. � ...���...... J .....�.;..��r-rv .._.��. rwJ iaavi�i�v vi w.tii�vi.r.i•.aui:i+:ri.rv.i:vi�� `a.i 1 i�.cu>vv
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<br /> az�d assessmen�s a�z�.o��er��ems w��ich can�.��air�pr�o�ity aver�his �ecur�ty Iz�s�ru�nent as a lien ar
<br /> encut����a.nc��n f;���Praper�y; �b� 1e�sehold payments o�gt aund�'er��s o��he Praperty, if�.�.y, �c�preiniuzns
<br /> Far any a�d.a1I�nsur�.�ce requ�red�y Le�de�ufzder Sec��on 5; an.c��d�Mor�gage�r�surance pretniu�ns, il any,
<br /> or an�r sums pa�a�b�e by Borro�et�o Lendeir i�lieu of t11e�ay�ne�.�af Morl:gage Insurance pt einiuins in
<br /> acc�rda�zce wi�lz�lze provisior�s �l Sectioi� ��, These i�e�ns are ca�led'"�scrow Z�ezns." A�origina�ia���a�
<br /> any ti�ne dL�rir�g�he tetin of�:he L�an, Lend.er�nay requ�re�l�at�o�r�nuni�y Assac�ation Dues, Fees, at�d
<br /> Ass�ss�nents, if a.�1y, be escrowed by Ba�rovt�e��, a�a.d such c�ues, fees a.r�d assessmer��s sha�l be an Esc�ow
<br /> Ite�n. I3�r��vver s1i�.l�pr��.npt�y furn�s�z to Lende�a1�no�ices of arnoun�s�o be paid u�le�er this Sec�xan.
<br /> Borrower s��.a1�pay Le�l�.er��ze runc�s for Esc�o�r I��ms u��less Lender waives Bo�rawer'�flb�xga�ia�z�o pay
<br /> ��ze Fu��zds �'or az�y ot a11 Escrov���eins, Lende�inay waive B�r�rower's o�a�igatzQn to pay�o Ler�c�e�Fund�for
<br /> alzy or arl��c�avv I�eins a�any time. Any such v�aiver xna�ar�7y be in v�rif;ir�g, Izz�he ever��of such v��.ive�,
<br /> ]3or�ovver sha11 pay c�ire���y, when a�d where payab�e, �he a�nount� c�ue for a��y Escrow Ztein�for w�1ic1�
<br /> payine�l�of Fu.�1ds�1as Uee��.waived�y Len�.er and, if Let�der�equires, sha��furnislz ta Lel�der recez��s
<br /> evic�e�lc�r�g suc1�pay�nen�vv��h��a.suc�z�z�ne perio�.as Lender�nay require. B�rrower's obl�ga�ion to�na1�e
<br /> suc��pay�nes��s and�o prflvic�e rece��ts sha�X for a�l pur�ases be dee�ned��be a coveria.nt and ag�ee�ne�.�
<br /> c�r��azzaed x��t��rs Secur�ty I�s��u�nen�, �s�he p�zra�e "co�renan��.�Zd agree�nen�" i,�used in Sectiozz 9. �f
<br /> B�rro�wer�s o�blig�,�ed�o pay Escrow I�e�ns �.irec��y, pu�sua�t to a wa��er, and Bo�ravv��f�,i1s to pay the
<br /> a�n�un��.ue�or an Escrow Ite�a�., Lende��nay exerc�s�f�s t�ig���s under Sectian 9 anc�pay suc�z amou��ai�d
<br /> Borravver sha��the�.be ob�iga�e�.�under Sec�iotz 9�a repay to Len�.e�r a�.y such ai�nount, Lei��.er�nay�evolce
<br /> tlle�wazve� as��a�y or �.��E�crow Ite��zas a�any tilne by a no�ice given�n accordance with Sec�ian �5 and,
<br /> u�on s�.ch re�oca��on, ]3orrawe��s��a,�1�ay��Lende�` al1 Fur�ds, a�zd�n suc�z amou�ts, i.ha�ar��herz�e�uire�.
<br /> uncler�his Sec�io�3,
<br /> Lenc�er�z�ay, a��:x�y ti�-ne, collec�a�d�Zold Fu�c�s �n a���.�noun�(a} suf�cien�to pertniti Le�der�o appl�1;he
<br /> Fund� a�the�ixne s�ecified utlder RESPA, a.nd�1��no��o e�.ceed the�naxiinuin a�no�r���.l�nde�c��z rec�uire
<br /> u�.de�RESPA, Len�.er sha1l e��:ii�natie the a��noL��lt af Fur�ds c��.�e on t�ze�asis of curr��t da�a a�.1d.reasox�able
<br /> -es�inla.�e�of ex�etzdi�ures of ful:ure��craw r�:eir�� or o�herwzse��:accordance wit�1 A�pl�cable L�w.
<br /> T�e I'unds s�a1l�e he1�.itl an it�s�itution vvhose deposit;s a�e xnst�re�.by�,fec�era�ag�i�cy, �ris��rufzzen�ality, or
<br /> e�z�i�y�i�zc��ditzg Ler�c�er, ir Ler�c�er is an ins�it�.�tio�1 whose deposi�s are so i�1sL�red} or���a��y Federal Ho�ne
<br /> Laa�l Ba.nlf. Ler�c�er s��all app�y��Ze Fu�ds tio�ay���e Esc�ow I�e1ns no 1at�r tha.n�he�xzne s�ecif�ed u�c�er
<br /> R�SPA, L��c�er s1�a11�la�.c�ia.rge�3o�xow��' fo�ho�di��g anc�applyitlg�;11e Funds, a.r��.�a�1y ana�y7ing 1:�Ze
<br /> e�craw account, �r verifyi�lg�11e Escrovsr Ite�ns, uzzle�s Le��c�er�ays Borr�vver�r��eres�ot��1�e Fur�ds and
<br /> Ap�lic�.b��Lav��ae��ni��Ler�der�fl�x���ce.st�c�i�.c�la�rge, Un�ess an agreetnen��s zna�.e i��vvril;iizg ar
<br /> App�icable Law requires i��eres��o be p���.or��1ae Tu��.ds, Le�der slial�not be��q�.x�re�.ta pay Barrower��Zy
<br /> i��eres�or earni�zgs on�.he Func�s. Borrovv�r�.��d L��.�.er ca�z agree�n wril:ing, 11ov�ever, �a.at itzte�est shal�be
<br /> p�.�c�ot1�he Fu�zds. Lender s��al�give��Barro�ver, wz�hou�c��arge, a�1 annual�.�cour��ing af���e F'ut�ds as
<br /> require�.by RESPA,
<br /> If t�iere�s a surp�L�s oT Fu�ds held i�l escrow, �s�.efx�a�c�ui�c�e1�RESPA, Lenc�er�h�.��accot�����o Bn�rowe��f��
<br /> �lze excess fullds t�z accorda�ce with RESPA, If��zer��s��.shortage aF Func�s�le�d��a escrow, as c�e�ined ur�der
<br /> I�ESPA, Le��.er s�1a11�ot�fy Borr�w�r as requ�t�e�.by R_ESPA, a.r�d Bor��we�•s�1a1Z pay�o L��.der t�1e a�nou��
<br /> necessa�y�o�n���e up�11e shortage i��c�orc�ar�ce w����.R.ESPAa �ll�111 11fl 117Q�'e��1��1 �.�f.7C��f1��.Z1���.y171��1�5. If
<br /> ��1e1�IS�.���1C1�IICy�f I�1��1C�5�1��C�.1�1 e5C1,�w, as�.efi��ec�u��.c�ef RESPA, L�I1C���S�lc�1��.1��1.�1'BU��'�Wef'c�5
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