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��1 5�6��4
<br /> �f Lender rece�ves a pay�iaent fra�n Barrower for a de�inquent Periodic Paymen�wh�Gh inc�udes a�ufficient amounf
<br /> ta pay any�a�e ch�.rge due,�.ie payxnenf may be appJ:xed ta�a.e delYnquent pa�-ment and the�ate cha�-ge.If more than one
<br /> Periodic Paym��t is outstand�ig, Lender may apply an.y�aaym.ent re�e�ved frorn Borrawer to the repayrnent of the
<br /> Periodic Pa�rnents if and�o the e�ten��hat,ea�h paymen�ca.n.be paad in fu�l.T�the e�tent�iat any e�cess e�sts after
<br /> �he paym�nt is applied ta the fu�l.payment of ane or mor�Periodic Payments,such excess ma�b�applied to an�la�e
<br /> charges due.Vo�untary prepayrnen�s sha11 be applied fxrst to any prepa�r-xnent�haxges and then as described in�the Note.
<br /> An�applica#�an af payment�,�surance pr��eeds,ar 11�I�sce�].a.ne�us Proceeds�o principa.l du�under the Na�e shal.l
<br /> not ext�nd ar p�s�pone the due date,or�hange the amount,of th�Pe�aclic Paym�nts.
<br /> 3.Fund�f�r]Escrow Items.B�rrower shall pay to Lender on the day Periadic Pa.yments are due under the Na��,
<br /> un��the Note rs pa�d�n:fu11,a sum��h.e"�'uncis"}ta pravide for paymen�t of amntu��s due for:�a}�axes and assessmen�s
<br /> and other iterns wh�ch can attain priori�aver�his Securit��nstruanent as a Iien or�ncumbrance o�.the Prvpe�ty;
<br /> �b�l.easeho�d pa.g�men�s or graund rents on the Property;�f any;�c}premiums for any and aIl insurance rec�uired by Lender
<br /> under Section 5;and�d.}Mortgage Znsurance premiums,if any,or any sums payabie by�orrawer to Lenc�.er xn l�eu of the
<br /> payment of Mo��age Ynsurance premiums in acc�rda.nce�vi��h�he pro�r�isian� of 5eet�on �0. These��ems are calied
<br /> "Escrow I�ems."At arigination or at any tinae dur:�.g�ie�erm of the Laan, Lender may requi.re that Commun.�.�y
<br /> Associat�on Due�,Fees,and Assessments,if any,be�scr�vved by B�rrower,and such dues,fees and assessments shall be
<br /> an Escro�v ��em. Borrav�er shall promp�ly furnish�a Lender aX1 no�ices af a�n.ounts�o be pa.i.d under this Sect�.on.
<br /> Sorrav�er shal�pay Lender�he Funds far Escrow�tems unless Lend�r wa�ves Barrower's obii.ga�an�a pa�the Funds fQr
<br /> an��r all Escraw�terns,Lender may waive B orrower's obJ.igation to pay�to Lender Funds for any or all Es�row Ztexns a�t
<br /> any tirn�.Any such wa�ver rnay an�y be ixi writing.Zn the e�ten�of such waiver�Borrov�rer sha.�1 pay directly,when and
<br /> where payahle,�h�arnounts due far any Escrvw�tems for u�hi�ch payment af Funds has been wa�ved�ay Lend�r and,if
<br /> Lender requ�res, sha�1 furn�sh�a L�nder r�c�ip�s evidenci�ag su�h paymen�vvithii��xc�i�ime periad as L.ender may
<br /> requ�re.B�rrower's obligat�on�o rnake such payments and to prov�de reeeipts sha1�for aIl purposes be deemed to be a
<br /> covenan�and agreement contain�d in this Security�nstrurnerrt,as the phrase"covenant and agre�ment"is used in Section
<br /> 9.�f Barrvu�er is ob�xga�ed�o pay EsGrow Items d�rectly,pursuant to a waiver,and Sarrower fails to�ay��amaunt due
<br /> far a�a Escrow rt�m;Lender ma�e�ercise its rights under Se�tion 9 and pay such amaun�an.d Borraw�r shal]then.b�
<br /> �bligated under Sec�.an 9 to r�pay to Lender any such amaunt.Lender ma�revake�he waiver as ta an�or al.�Escr�wr
<br /> �tems at a,ny�ime by a notice given in accordance w�fh Sectxon 15 and,upan such re�racation,Borrotiver�haJ.l pay to
<br /> Lender aIY Func�s,and in such amounts,�khat are then requ�ed unc�er this Sec�tian 3.
<br /> Lender may,at any t�me,collect ax�.d hald Funds xn an amoux�:��a}sufficient to permit Lender ta apply the Funds a�
<br /> the time spe�if�d under RESPA,and�b}no��o exceed th.e maxi_mum arriaunt a lender can require unde�-RESP.P�..Lender
<br /> sha�.�es��mate�he amnunt af Funds due on the basis of c�urr�nt data and reasonable estzma�es af expenditures of future
<br /> Escrow��ems or otherwi.se ain acGardance w�th App��.cable La�v.
<br /> The F�xds shal�be he].d in an inst��ufiian whase depos�ts are insured l�y a federa.l agency,�nstrux�aentality,or enti�y
<br /> �includYng Lender,if Lender is an institution v�hose deposits are s❑insured}ar in any Federal Home Laan Banl�.Lender
<br /> sha11 apply the Funds to pay th�Escrotiv r�tems no la��r than the ti.�ne specified under RESPA.Lender sha11 nat charg�
<br /> Borrower fQr haldzng and applyua.�th�Funds,annually analyz�ng the escrovv account,or verifying th�Escrn�vv�tems,
<br /> u.nl�ss Lender pays Barrou�er in�erest on the Funds and Applicahle Law per�mi�s Lender�o mal�e such a charg�:Unl.ess an
<br /> agreement is rnade in writi.ng ar Applicable Law requ�res�nteresf tn b�paid on the Furid s,L�nder shall n�t he required ta
<br /> pay Borrower any interest or eartungs on�he Funds.Borra�ver and Lender can agree in wr�.ta.ng,however,tha�in�erest
<br /> shall be paid on the Funds.Lender�ha�1 give�a B orrawer,ti�i�iout charge,an annual accaunting af�he Fund�as required
<br /> by RESPA.
<br /> rf there is a surp�us af Funds he�d in escrow,as defined urider RESPA,Lender sha.l�account to Sorrower f�r�he
<br /> excess funds in accardance��ith RESPA.If thexe is a shortage�f Funds he�d in escrow,as defined under R.�SPA,Lender
<br /> shall no�if�Borrawer as required by R.ZSPA,and Sarravver shall.pay to L�nder�the arnaunt necessary�o ma.ke up the
<br /> shartage in acc�rdance wr�h RESPA,buf u1 na more�han I2 manthly payments.If there is a defi.creney of Funds held in
<br /> escrow,as defin�ci under RESPA,Lender sha�1 not�f�B�rro�er a�required hy R.ES�'g,and Sorrower shall pay�o Lender
<br /> �he am�unt necessary to mal�e up#he deficYen�y in.a�cordance vvi�h RESPA,bu��ri no mare than.l2 month���aymen�se.
<br /> �Jpan p aym�nt�n full of all�urn.s s ecur�d by thi�S ecurity Ins�trumen.t,Lender sha�l promp�ly refund to B arrower any
<br /> Funds held by Lender.
<br /> NE�RASI{A-Single Family-Fannie Niae�Freddie Mac UN�FORM INSTRUMENT Fo�m 30�� �
<br /> Page�af 13
<br /> �n�,��. Barrower�s}�nifials�
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