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��15��937 �. App�i�at�onof Payments or Prvc�eds.Except as�therwise�escribed in this Section.2, ai�payme�ts accepted and applied by Lende�sha11 be applied�n the fo�lowi.ng order of priority: �a)int�rest due under the 1W�te;(b�pr�ncipa�due und�r the Note; �c)amaunts due under Section 3. Such payments shall be appli�d to each Periodic Payment in the order in which it�ecame due.Any remaining amaunts shail be applied fu�st to �at��ha�ges,��cv�d�any ather amounts due under this�ecurity Instrument,and then ta re�uce the �rin�iga�ba�ance of the Note. If Lend�r receives a payment from Barrower for a delinquent Periodic Payment wh�ch inclu�es a sufficient amount to pay any late charge�.ue,the payment may be applied to the delinquent gayme�t and the late ��harge.�f more than ane Period�c�ayment is outstan,ding,Lender may apply an.y payment received from Borrvw�r to th�repayment of the Peri�die Pa�ents if,�nd#�the e�tent that, each payment�an�e paid in ful�. To the extent that any excess�xists af�er the p�.yrnent is appli�d to the fu��pa��g�tif one flr more Periadic Payments, such excess may be applied to any�ate charges du�.Voluntazy prepayments sha11 be applied first to any prepayment charges and then as described in the Note. Any applicati�n of�ayments,insurance prac�eds,o�MisGellaneous Proceed�ta grin.cipa��ue u�der the��te sha11 not�xtend�r post�ane th�due date,or c�iange t�e amount,af the Perio�li�Payme��s. 3. Fundsfor�Eseraw�tems.Bo�rower sha1�pay to Lender on the day Per�adic Paymen�.s are due under the �ote,until the Note is p�id in fu11,a sum(the"Fun�s"�ta pr�vid�for payment of amounts due far: (a��axes and assessments a�d ot�her items�h.ich can a�tain priori�ty aver th�s Se�urit�Instrument as a��en ar encurnb�ance an the Froperty;(b}leas�hvld payments ar ground rents on.the Property,i�an�;(c}p��maums for any and all insurance requu�d by I.ender under Sect�on 5;and(d}Mortgag�Insuranc�premiu�ns,if any, or any sums paya�le by Borrower to L�nder in lieu of the payment of Mort�age Insurance premiums in accordance with the pro�r�si�n.s of Sectian ��. These items are ca�led"Escrow Items."At originati�n or at any t�me during the term of the Loan,�.ender may require tha��ommunity Assa�iation Dues,F�esA and Assessments, i�any,be escrawed by Borrower,and such dues, f�es and assessments sha��be an Escro�v �tem.Borra�ver shall pr�mpt�y fumish�o Lender a�l not�ces of amounts to be�aaid und�r this Sectio�. ��rra�er s�a��a�Len.der t�he Fun�is for�scr�w Items unl�ss Lender wai�es Borrvwer's abligation to pay the Func�s for any or a�l Escrov�r Items.Lender rria��aive B�nowe�'s ah�igatian to pay to Lender Fund�s for any ar all Escrow Items at any time.Any such�va.iver t�ay on�y be ir�writing.In the e�ent af such vvai�r�r, Borrower sha11 pay duectly,when and where payab�e,the amounts due far any Escrow Items for�vhi�h payment vf Funds has been�vaived by Lender and, if Lender requires, sb.a��furnish ta Lender receipts evidencing such payment withi.n such time period as Lender may require. Barra�ver's obl�gation to make suGh payments and to provide re�eipts shall for a11 purp�vses be deemed to be a covenant and agreement eontained in this�ecurity Instrument,as the phrase "co�enant aad agreement" is used in�ection 9. If Barr�wer is ob��gated to pay Es�rovv Items direct�y,pursu�nt to a wa�ver,and Borrower fa�ils to pay the amount due�or a�Es�rov�I�em�Lender may exerci�e�ts rights under Sectian 9 and pay such amount and Sorro�rer shall then�e a��gated ur�der 5ect�vn�to repay to Lende�a�.y s�ch amo�nt.Lender may re��ke th��vai�er as to any ar al�Escrow Item�at any time�y a nati�e g�ven in accordance with Se��ion �1� a�d, upon such re�ocat�on,Borrawer shall pay to Lender a11 Funds�and in such amounts,that are then r�quired unde�this Sect�on 3, Lender m,ay,at any time,�ollect and hald Funds�n an amau�t�a}sufficient to pena��t Lend�r to apply�he Funds at the time specif�ed under RESPA,and(b)no�to exceed the ma.ximurr�amount a Iende�can require under RESPA. Lender shai�estimat�the amount of Funds due on the basis of current data.and reasonable estimat�s of expenditu.res of future Escro�Items or otherw�se in accordance�ith App�icable Law. t��B�iAS'KA�ingfe F�rni�-Fannie MaeiFreddie Mac UN�FQRM iNSTRUMENT VIIITH MERS Fvrm 3�28�IQ1 VMP� VMPBA(NE}[1342�.q4 Wolters K[uwe�Financ{a�5e�v�ces Page�o�17 q�3339915�91 �Z33 376 �5�.7