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��14��59�
<br /> An�application of paymen�s, �n�urance proc�eds, flr Miscellan�ous Pro�eeds�fl principa� due und�r the No��
<br /> shall n��ex�end or pos�pone th�due da�e, ar change�he amount, of�he Per�odi�Payments.
<br /> 3. Funds for Es�row Items. Borrower sha��pay �o Lender on�he da� Periodic Payments are due under the
<br /> Note, unt�� the N��e is paid in fu��, a sum�the "Funds"} �o pro��de f�r pa�ment of amounts due for: �a}tax�s
<br /> and assessm,ents and�ther ite�rns which can attain priarity o�rer this Securi�y Ins�rum�nt as a 1 ien ar
<br /> encumhrance on the Praper�y; �b} lea�ehaid payments or grflund rents on the Property, �f any; (e}premiums
<br /> for any and al� insurance required�� Lender under Sect�on S; and �d} Mor��age insurance prem�ums, if any,
<br /> or any sums pa�able b�Borrower to Lender in lieu of the payment of Mortgage Insuran��prem�ums in
<br /> accordance wi�h the pro�ris�ons of Se��ion �D. Thes��tems are called "Escrov�r �tems." At orig�na�ion or at
<br /> any t�me during the�erm of the Loan, Lender may requ�re that�ommunity Associa��on Dues, Fees, and
<br /> Assess�nents, if an�r, b��scrowed by B�rr���r, and such dues, fees and assessments sha�l�e an Es�rov�
<br /> Item, B�rrovver shal�pramp�l�r furnish to Lender all no�ices af amoun�s to be paid under this Sect�an.
<br /> Borrourer sha�l pay Lender the Funds for Escrow Items unless Lender wa�ves Barrower's obliga�ion to pay
<br /> �he Funds for any or ai� Escrow Items. Lender may wai�e Borrower's o�l�ga�ion to pay t� Lender Funds f�r
<br /> any or ail Escrow I�erns at any time. A.ny such v�ai�er may an��be in�r�ting. �n the e�en�af such wai�er,
<br /> Borrower sha��pay dire�tly, when and vvhere paya��e, �he amounts due for any �scravv �tems for whi�h
<br /> paymen��f Funds has been wa�ved�y L�nder and, if�end�r requ�r�s, shail furnish�o Lender receipts
<br /> �v�dencing su�h payment with�n su�h�ime period as Lender may requzre. B�rro�er's ob�igat��n ta make
<br /> such payments ar�d to pro�ide rece�pts shall f�r al�purposes�be deemed ta be a cov�nant and agreem.en�
<br /> contained�n th�s Security Instrumen�, as�he phrase "ca�enant and agreemen�" is use� in Section 9. �f
<br /> Borrawer is obliga�ed to pay Escrov� Items d�rectly, pursuant ta a wa��rer, and Borrow�r fails ta pay the
<br /> amoun�due for an Escrow �tem, Len�ier may exercise��s rights under Sect�an 9 a�d pay such amoun�and
<br /> Borrow�r shall�hen be�b�igated under Sect�an 9 to repay�o Lender any such amount, I...ender may r��oke
<br /> the�axver as to an�or a�� Escrow �tems at any time b� a not�ce given�n a�cordance w�th Secti�n 15 and,
<br /> upnn su�h revocation, Borr�wer shal�pay to L�nder a�i Funds, and in such amoun�s, that are then r�quired
<br /> under this Se��ion 3.
<br /> Lender�na�, at any�ime, collec�and ho�d Funds in an amaunt�a} suf�cient�o permi�Lender�o apply�h�
<br /> Funds at�he�ime speci�ied under RESPA, and�h}not t�exceed the maximum amaunt a Iender can r�qu�re
<br /> under RESPA. L�nder shall estima�e�he amount of Funds due on�he bas�s of current da�a and r�asona�b�e
<br /> es�imates flf expenditures of fu�ure Escrow Items ar otherwise�n accordanc�with Appl�cahle Law.
<br /> The Funds shall�e h�1d in an�ns�i�u�ian whose deposits are �nsured by a federal agency, �ns�rumentality, or
<br /> entity �inc�uding L,�nder, if Lend�r is an ins���ution whase deposi�s are so insured) or�n any Federa� H�me
<br /> Loan Bank. Lender shall app��the �unds to pay�h��s�rov�r �tems na la�er�han�he�ime spec�f�ed under
<br /> R�SPA. Lender shall no�charge Barrow�r f�r holding and app�y�ng the Funds, annual��analyzing th�
<br /> e�crow ac�ount, or��rifying the Escrav� Items, un�ess Lender pays B�rrower in�eres�fln the Fund�and
<br /> Appl�ca��e Lau�permi�s Lender to make such a charge. Unless an agreement xs made in wr�tixng or
<br /> Appl�cab�e Law requires interes��o be pa�d on the Funds, L.ender shal� no�be re�uir�d to pay Barr�w�r any
<br /> �n�eres�ar earnings on the Funds. Borrov��r and Lender can agree�n wr�ting, hov�re�er, that interes�shai�be
<br /> paid on the Funds. Lender shal� gi�e to Borrow�r, v�r�thout charge, an an�aual accoun��ng of�he Funds as
<br /> r�qu�red�� R�SPA.
<br /> If�here�s a surplus of Funds held in escra�v, as de�ned under R�SPA, Lender sha�� acc�unt ta Borraw�r for
<br /> the ex�ess funds �n accordance w�th RESPA. If there is a shor�age�f Funds�e�d in escrow, as de�ned und�r
<br /> R�SPA, I�nder shall notify Borrow�r as r�quired��RESPA, and Bflrr��er sha��pay to I.�nder�he amount
<br /> necessar� t�make up�he shortage in accordan�e with RESPA, but in no m�re than �2 m�nthly pa�ments. �f
<br /> �here is a def�c�en�y of Funds held in escraw, as defined under RESPAs Lender shall no��f�r Borrawer as
<br /> NEBRA5E4A-Single Farr�ily-�a�nie MaelFreddie Mac UNIF�RM iNSTRUM�NT �orm 34�8'f l�'�
<br /> VMP� VMPfi(N����302}
<br /> Walters Kiuw�r Financial 5er�ic�s Page 5 af i 7
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