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<br /> An� applica�i�n of paymen�s, insurance praceeds, or M�sc�l�aneous Pro��eds ta princ�pal due und�r the No��
<br /> sha11 n�t ex�end�r p�s�pflne�h�due date, �r change the amoun�, af the P�ri�d�c Pa�men�s.
<br /> 3. Funds for Escrow Items, Borrawer shall pay�o Lender on the day Fer��dic Payments are du�under t��
<br /> Note, unti� the Nate is pa�d in fu�l, a sum��he "Funds"} to pr��ide for payment�f amounts due far: �a�taxes
<br /> and assessments and other items v�rh�ch can a��ain prior�ty o�rer this Securi�y instrument as a li�n or
<br /> en�umbrance an�he Proper�y; �h} Ieas�h��d paym�n�s or gr�und rents on the Property, if an�; �c}premiu�rns
<br /> for any and alI insuran�e required�y Lender under Sec�ian S; and�d} Mor�gage�n�urance premium�, if any,
<br /> nr any sums payabl�by Borrovver to Le�cier����eu of�he paym�nt of Mor�gage Znsurar�ce premiums in
<br /> accordance w��h�he pro�isions of Sec��on ��. Thes�it�ms are ca��e� "�scrovv items." At orig�natior�vr a�
<br /> any time dur�ng�he�erm of the Loan, Lender may require�hat��mmuni��r Associat�on Dues, Fees, ar��
<br /> Assessm�n�s, �f any, be escrowed by Borr�wer, and such dues, fees and assessments sha��be an Escr��v
<br /> I�em. Barrov�er sh�ll prompt�y furn��h�o Lender all notxces of amaunts to be paid under�his Section.
<br /> Borrawer sha11 pay Lend�r t�e Funds for Es�row �tems un�ess Lender wai��s��rrower's ob�iga�ion tv pay
<br /> the Fund� for an�r or a11 Es�r�w ��ems. Lender may v�aive Borrawer's oblxgation t�pay to Lend�r�u��s far
<br /> any or a�� Escraw �tems at any�ime. An�such wai�rer may�nly be in writ�n.g. In the e�en�of such����r,
<br /> Borrov�er sha1l pay direct��, when and v�rhere payable, the amoun�s due for any Escrow �tems fflr v�hi��i
<br /> payment of Funds has been wa��ed by L�nder and, if Lender requires, shai�furn�sh�o L�nder receip�s
<br /> e�ridencing su�h paymen�v�ithin such tirne perxad as L�nder may r�qu�re. �orrower's�b�igation to ma�e
<br /> such payments and�a provide re�eip�s sha�l for a.��gurposes be deemed to�e a covenan�and agreem�nt
<br /> c�ntained �n this Secur��y�ns�rumen�, as�he phrase "covenant and agreemen�" is used in Section 9. If
<br /> Borra�er is�bli�a�ed to pay�s�r�w ���ms directly, pursuan�to a wai�er, and Borro��r fa�xs�o pa�r�he
<br /> amount due for an Escrow I�em, L�nder may e�ercise its rig�ts under Sec��on 9 and pa�such amount and
<br /> Borrower shall then be obl�ga��d und�r Section 9 to repay t� Lender any such amount. Lender ma�re��k�
<br /> �he wai�er as to any or a.11 Escr�w �tems at any�im��y a n�tice g���n�n accorda.nce�vith S�ction �S and,
<br /> upon such re�oca�i�n, B�rrower sha��pa�to Lender a�I Funds, a.nd in such amoun�s, �ha�are�hen required
<br /> under�hzs Sect�an 3.
<br /> Lender ma�, at an��ime, co��ect and hold Funds in an amount�a} suff�c�ent��permit Lender to apply the
<br /> Funds at the time specif�ed under RESPA, and�b}not�o e�ceed the ma��m��amount a lender can requ�re
<br /> under RESPA. I.�nder sha11 es�imate�he amaun�of Funds du�on the bas�s���urren�data and reasonab�e
<br /> estimates af expend��ures of future Escrow �t�ms or��herw�se in accordance�r��h Applicabl�La�v.
<br /> The Funds sha��be h��d in an ins�itut�on whose depasits are�nsured by a federa� agency, ins�rumenta���.y, or
<br /> en�i�y ��nc�ud�n� I.�nder, if I.ender is an insti�u�ion whos�deposi�s are so �nsured}or i�.any Federal Hame
<br /> L�an Bank. Lender sha�� app�y the Funds to pa��he Es�raw I�ems no �ater than�he�ime spe�i�ed under
<br /> RESPA. Lender shall not charge Borrower f�r hoiding and applying�he Funds, annualiy analyzing the
<br /> escr�w account, ar�erif�ing�he Escraw Items, un�e�s Lend�r pa�s Borrow�r in�eres�on the Funds a�d
<br /> Applicab�e Law permits Lender to make such a charge. Ilnless an agre�men��s rnade in wr��ing or
<br /> Applicahl�Law requires �nterest�a be pa�d on the Funds, L�nder sha11 na����equir�d�o pa�Borro�v��.n�
<br /> interes��r�arnings on th�Funds. Barrower and L,ender can agr�e in writir�g, �i�wever, that in�erest s��i���
<br /> pa�d on�he Funds. I,��der sha�� g�ve�o Borr��v�r, v�i�hou�charge, an annual a�counting of the Funds as
<br /> requ�red�y RES�'A.
<br /> If there is a surp�us of Funds he�d in escrovv, a�defined under RESPA, Lender shal� accoun�ta Borro�er for
<br /> �he excess funds in accordance with RESPA. If there is a shor�age of Funds he�d i�es�row, as defined under
<br /> RESPA, L�nder sha11 notify Borrov�er as requir�d by RESPA, and�orrow�r s�al�pa��o Lender the am�unt
<br /> nec�ssary t�make up�h�shor�age in ac�ordance with RESPA, �ut�n no mor��han I.2 monthly payme��s. �f
<br /> �here �s a d��c�enc�of Funds held in e�cro�vy as de�ned under RESPA, L.end�r sha��n�tify Borrawer as
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