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<br /> Any applica�ion af payments, insuran�e proceeds, or Misce�Ianeous Proceeds ta pr�ncipal du�under�he Nate
<br /> shall not extend or postpone the due date, ar change�he ar,�oun�, of the Per�odic Pa�men�s.
<br /> 3. �'unds for Escrovv Items, Borrov�er sha11 pay�o Lender on the da� Periad�c Pa�ments are due under�.he
<br /> Note, unt�l the No�e�s paid in fu11, a sum�the "Funds"} ta prov�de for paymen�of am�unts due for: �a}�a�es
<br /> and assessments and other i�ems which can attain pr�ority aver thzs Securi�y �ns�rumen�as a lien or
<br /> en�um�rance on the Proper�y; ��} �easehald payments or ground ren�s on the Pr�per�y, if any; �c�premiums
<br /> for any and al� insurance required by Lend�r under Sec�ion 5; and �d} Mor�gage�nsuran�e premiums, if any,
<br /> or any�ums payab�e by B�rrflw�r ta Lender in Iieu of the paym�n�af Mar�gage�nsurance premiums in
<br /> accordan�e�vith the pro�r�sians of Sec�i�n 1�. The�e items are called "Escr�w Items." At orig�na�ion or a�
<br /> any t�me dur�ng the�erm of�he L.oan, Lender may require that Comrnun�ty As�ocia�ion Dues, Fe�s, and
<br /> Assessments, if any, be escrawed by Borrower, ar�d such�.ues, fees and assessmen�s sha�l b�an�scrow
<br /> ��em. B�rro�v�r shal�pramptl� furnish�o Lender a��no�xces of amaun�s�a he pa�d under this Sec�ion.
<br /> Barrov�er sha��pay L.cnder the Funds for�scrow �tems un�ess Lender waives Borrav�rer's ob�igation to pa�r
<br /> �he Fun�s for any or a�I�s�raw ��em�. I.ender ma�waive Borrower's ob�igat�on to pa�r to Lender Funds for
<br /> an.y vr a�� �scrow ��ems a�.any t�m�e. Any such v�aiver may only be�n wr�ting. In the e�rent of such waiver,
<br /> Borrou�er sha�l pay direGtly, when and�rhere payable, the amoun�s due for any Escro�v �tems for which
<br /> payment of Funds has�e�n waived by Lender and, if Lender requires, sha.�� furnish t� Lender rec��p�s
<br /> ev�dencing such pa�men�with�n such time p�riod as Lend�r may requ�re. B�rrawer's obl�gation�o rnake
<br /> such paymen�s and��pro�ide rece�p�s sha�� far a�1 purposes be deemed t��e a covenan�and agreem�n�
<br /> cflnta�ned in�his Securi�y Ins�rumen�, as the phrase "�ovenant and agreement" i5 u5�d ii]SeCt�nn 9. �f
<br /> Barr�v��r is�bligated to pay Es�row I�ems direc�ly, pursuant�o a v�aiver, and Barrawer fails to pa��he
<br /> amaun�due for an�scrow ��em, Lender ma�exer��se i�s rights under 5ection 9 and pay such amoun�and
<br /> Borrower shal��hen be obliga�ed under Sec���n 9 to repay�a Lend�r any such amoun�. Lender may re�ake
<br /> �he v�ai�er as to an��r a�l Escr�w I�ems a�any�ime by a n�t�ce gi�en in accordance with Sect�nn 15 and,
<br /> upan such revocation, Borrower sha11 pay to Lend�r a11 Funds, and�n such amoun�s, �ha�are then re�uired
<br /> under�hxs Section 3.
<br /> I.�nder may, at an�time, collec�and hald Funds �n an am.ount�a} suf�cien��o permit Lender to apply�he
<br /> Funds at the time spe���ed under RESPA, and �b� not to exc�ed the maximum amoun�a lender can requir�
<br /> und�r RESFA. Lender shali est��na�e the amoun�of Funds due on��.e bas�s�f�urr�n�da�a and reas�nable
<br /> esti�mates of expend��ures af fu�ure Es�row ��ems�r otherw�se in accordance with Applicable Law.
<br /> The Funds sha�1 be held�n an�nstitution v�hos�deposits are�nsured by a federa� agency, instrumen�a���y, or
<br /> enti�y ��nc�ud�ng Lender, if Lender is an ins�i�u�ion whose deposi�s are so insur�d} or�n any Federal Home
<br /> Laan Bank. Lender sha�.� apply�he Funds�o pay�he Escrow Items no �ater than�he�ime spec�fi�d under
<br /> RESPA. I,ender sha�� not charge Borrower for ho�d�n�and applying the Fund�, annually ana�y2ing the
<br /> �scr�w acc�unt, or�erifying�he Escrow Items, unless Lender pays Borrower in�erest�n�he Funds and
<br /> Appl�cab�e Law perm.i�.s Lender�a make such a�harge. Un�ess an agre�m�nt is made�n wri�ing or
<br /> App��cab�e Law requires interest�o be paid on�he Funds, L,�nd�r sha�l nat be r�quired�o pay Borrower an�
<br /> �n�erest or earn�ngs on the Funds. Barr�wer and Lender ca.n agre��n vvr���ng, however, �ha�interes�sha���be
<br /> pa�d on�he�unds. I.�nd�r sha�� g�v��o Borrawer, vwithout�harg�, an annua� acc�unt�ng af�he Funds as
<br /> required by RESPA.
<br /> �f there is a surp�us af�unds h��d �n escrow, as def�ned under RESPA, Lender sha�� accaun�to Borrov�rer f�r
<br /> the excess funds�n accvrdance w�th RESPA. If th�re�s a shartage af Funds h��d in escrow, as d�f�ned under
<br /> RESPA, Lender sha�� no�ify Borrov�rer as requ�red b�r RESPA, and Borrow�r shall pay to Lend�r�h�amount
<br /> necessar�to make up�he shar�age in a�cordance wit�.RESPA, bu� in no more�han 1Z mon�h�y payments. �f
<br /> th�re is a de�ciency�f Funds held in escrov�, as de�ned under RESPA, L�nder sha11 no��fy Borrawer as
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