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<br /> An�app�i�ation of payments, in�ura.�ce proceeds, ar Miscellaneous Proceeds to principal due under the l�Tote
<br /> sha11 not ext�n�or p�stp�ne the due date, or change t.he amvun� �f the Peri�dic Payments.
<br /> 3. Funds for Escnvw Items.Borrower shall pay to Lender an the day Periadic Payments ane du�e under the
<br /> Note, unt�iil the Not�is paid in full, a sum�the"Funds"}to pro�it�e f�r paym�nt of amounts due for: �a)taxes
<br /> and assessments arid other items which can atta�n pri�rity av�c this Se�urit�Instrum�ent as a lien or
<br /> erncumbrance an the Pr+vperty; �b}leaseh�ld paymen�s or ground ren#�on the Propert�, if any; ��}prerniums
<br /> f�r any and al�insura�ce nequir+ed by Lender under Section 5; and(d}Mortgage Insurance prenuums, if a.ny,
<br /> or any s�un.s payable by Barrvwer to Lender in lieu of the pa�yment af Martgage Insurance prerr�iu.m.s in
<br /> accord.an�e wi�h the prov�sions of�ction 1U. The�e items are calle�l"EsCrow Items." At arigina.tion or at
<br /> any tim�during the term of the Lvan, Lender rnay require that Cammunity Ass�c�ati�n Dues, Fees, and
<br /> Ass�essrn�nt�, if any, �e escrowed l�y B►�rrower, and�uch dues, fees and a�s�;ssm+ents shall l�e a.t�Es�raw
<br /> Item. Borr�w�r shall pr�mptly fi�rnish to Lender all nvtices vf amournts to he paid under thi.s Se�ction.
<br /> Borr�wer shall pay Lender the Funds for Escrow Items unless Ler�der vvarve�Borrower's obligation to pay
<br /> the Fund.s fvr an�or all Escrow I�ems. Lender may wai�e Borrower's ob��gation�o pay to Lender Funds for
<br /> any or all Escrow Items at any tim+e. Any such waiver rnay vnly be�n tivriting. In�ie e�ent of su�h wai�er,
<br /> Borr��ver shall pa.y direct�, when arrd wl�ere payable, the amnuxrts due for a�y Escrow Items for�vhi�h
<br /> payment of Funds has heen wa.ived hy Lender and, if Lender r�quires, shall furnish to Lender receipts
<br /> ev�den�ing suCh payment within such tirne period as L�nder rnay requir+e. B�rrovver's ob�igati�n to rnake
<br /> su�h payment�and to pm�ide receipts 5hal�f�r all purposes be deemed to be a�ovenant and agreement
<br /> cantaxned in this Security�r�trun�nt, as th�phrase "covenant and agreement"is used in Sectian 9. If
<br /> Barrower i��hligated t�pa�y Esc�aw Items directly, pursuan�t to a wai�er, and B�rrower fails to pay the
<br /> amount due for an Escrow Item, Lender ma,y exer�ise its rights under Sec�ion 9 and pay such am�unt and
<br /> Borrower shall then be abligated under Se�tion 4 ta repay to I.ender ar�y such amount. L�nd�r may re�ake
<br /> the�vai�er as to any or a�1 Es�rvw Items at any tim�by a natice g�v�n in accordance w�th Sec�ian 15 and,
<br /> upan su�h rev�catian,�nrrower shal�pay��Lender a��Fun�ls, ax�d in such amouaats, that are th�n re�uired
<br /> under this Sec�an 3.
<br /> Lender n�ay, at any tune, collect and ha�d Funds�n an am�unt�a�suff'�c�ent ta pernv.�Lender ta apply the
<br /> Funds at the time sp�ec�fied under RESPA, and�b}r�at tv exceed the maximum amount a�ender can require
<br /> und�r RESPA. Lender shal�estimate the amaunt of Funds due an the�asis�f eurrent data and reasanab�e
<br /> estimates of expenditures�f future Escr�w I�exn�or�then�vise in accordance with Applicable Law.
<br /> The Fund�shall be held in an institution whose dePgc�sits are�nsured�y a federal agency, instan�men�ality, or
<br /> entity�includ�ng Len�der, if Lend�r is an institution whose deposits are sa ir�sured}�r�n any Federa�Home
<br /> Loan Bank. Lender shall apply the Funds t�pay the Es�row Items no later than#he tirne sp�cif'�ed under
<br /> RESP�. Lender�h�ll not cha.rge B�rrower fvr halding and applying the Funds, annually analyzing the
<br /> escrow accown�, or verif�ing the Escravv Items, un�ess Ler�der pays B�rrower inter+est on t�.e Funds and
<br /> Applicahle Law permits Lender to make such a charge. Ur�ess an agreem�nt is rnade in writing❑r
<br /> Applicab�e Law requires interest ta be paid on the Funds, Lender sha1�nat be requ�r+ed ta pay Borrower any
<br /> interest�r earnings an the FundS. Borrower and.Ler�der can agree in writing, however, that interest shall be
<br /> paid on�he Funds, Lender shall give to Borr�wer, without charge, an annual accounting�f the Funds as
<br /> required hy RE SP A
<br /> If ther+e is a suxplus�f Funds he�d in escrow, as defined under RESPA, Lender sha�l accoun�to Borrvvver for
<br /> the ex�ess funds in accordance with RESPA. If�.here�a shortage of Funds held in escrow, as defir►ed under
<br /> RESFA, Lender shall n�tify Bvrrower as required by RESPA, and�rrower shall pay tv Lender the amaunt
<br /> necessary t�rnake up the shortage i.n,accorc�ance with RESFA, but in no more thati 12 mvnth�y pa�yments. �f
<br /> there i.s a def'�ciency�vf Funds held in es�rovv, as defined under RESPA, Lender shall nati.fy Borr�wer as
<br /> 22Dd51873fi D V6NE
<br /> I�EBRASICA-5mgle Family-Fannie MaelFreddie A►tac UNIFORM fNSTRL1MEf�1T Form 3i�28 11�1
<br /> Wo!#e�Kluwer�inan��al Services V MRfi(NE](i 3fl2)
<br /> Page 5 of 1?
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