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<br /> �. App���a�ivnaf Payments vr Praceeds.Except as expre�s��s���t��ther�v�se in th�s SeGurity
<br /> Instrument ar the Nvte,aI�pa�ments accepte�and applied by i�ender sha��be ap�lied in the fal�ow�ng
<br /> Qrd�r af priority:
<br /> First,t�th�IV[ortgage Insurance premiums to be gaid by Lender to the Secre�ar��r the month�y
<br /> charge by th��ecret�ry instead af the monthly mortgage�nsurance premiums;
<br /> Second,ta any taxes, specxa�assessments,leaseho�d payments 4r gr�und r�nts,an�.Fue,flood an�
<br /> oi�her ha2ard xnsurance premiums,as requ�red�
<br /> Third,to interest due un.d�r the l�ote;
<br /> Fourth,to amar��zation of the principa��f the Note;and,
<br /> F�f�h,ta�ate chargeS due und�r the No�e.
<br /> An��.pp�icat�on vf payments,�nsura�.ce proceeds, �r Misceliane�us Praceeds to principa�due under the
<br /> Note s�h��1 not extead vr pastpone�he��x�date,or��i�ng�t.���.mpUnt, of t�.e P�riadic Paym�n��.
<br /> 3. Fundsfor Escrc�w��+�ms.�3orrovver sha�l pa.�to��nd�r vn the�a�Perio�iic l�ayments are due�nder
<br /> the No�e,until the�ate is�aid i�.f�I�,a su�.��h�"F�.nds"��v�rov�d�f�r pay�r�.�nt o�am4unts due fQr:
<br /> �a}taxes�.nd as�essrnents and�ther�t�ms�vh��h�a�atta.�n pri�rit�over this�ecurity�n�trume�t as a lie�
<br /> or encum�ran�e on the Praperty3��)�easehvl�pa�rments or groun�ren�s or�the 1�xvp�rty,�f any;��}
<br /> prem�umis for any and a��insuraace r�quir�d by L�nd�r under S��t�on 5; and�d}Mar�g�ge Insuran�e
<br /> pre�m.iums to fiae paid by L�n�.er to th�Secre�a.ry or�he monthly�harge by the��cr�tary�ns�ead af the
<br /> moathiy M�r�g�.ge Ins�ran��p���niums.The��i��jms ar�c�.��eci"�Es�r��r�#��s,"At�r��inat�an ar at any
<br /> t�m�dur�n�the te�n�f th,e��am,I��nde�r�x�y require tl�a��arnmun�ty���ac�ati�n I`�u��,Fe��,a�d
<br /> A.�ses�m�nts, if any,be�scr��e��y B�rar����r��r�c�su�h�.u��,fe�s and�ss�ss�r�.e�.�s sh��1�b�an E��rat�r
<br /> �tem, Barrow�r sha���i�r�ptly fiaXnish to L��.de��.���oti�es a�axx�ounts����p�i�und�r th��s�e�tian.
<br /> �orrow�r�ha��p�}�Lend�r�b►e F�nds for���row Iter�s u���s�Le�der�ra�v�s Borro��r's obliga�ion to
<br /> pa��the Funds for�.n�or a���s�raw I#�rns.I,ender m���ai�e�orarawer's���igatxo�ta p�y�o Lender
<br /> Funds for any��aI�Es�r�v��tem�at�ny t�rxze..�ty�uc�.waiv�x�na�anl�be�n writing.I�n the euent of
<br /> su�h��aiver,�3arr�wer sha���ay c��re�t��,v�hen a��nd v�rher����ab��,t�ie ar.�oun���du�for a.ny Escro�r
<br /> Iterz�s for which payme�nt of Fun�s h�s be��wa�v�d by L�en�d�r and,�f Len�er requires,shal�ft�rnish ta
<br /> Lender rec�ipts�v�denc��g�uch�ayn�en�.t�vith�n su��t�m��er��d as L�nder may�equire.Bo�rro�er's
<br /> �b��gat�vn t��nak�suc�a pa�nen�s a�.d�o p�ro�i��re��ipts sha��fvr a��p��s�s be d�e�ed t�be a
<br /> covenant a�.d ag.reem��.t c�ntaxn��i�t��s����i��n.s�ru�m�nt,as�h�p�aras�"�o�r��ant and agr�ern�en�"is
<br /> used�n Secti�n 9.I��arr�vv�r is�bliga��e���p�.y Escr�w�ter�s d�re�tl�,pt�rsuant to a wa��er,a.nd
<br /> �ano��r fa���to p�y the am�unt���fc�r��.�scrou��t�ran,�,�n��r r�na�ex�reis�it�r�ghts under S�ct�on 9
<br /> and pay su��h�maunt�nd�3vr�r�w�r sha.l�t�.�n'b����i��.ted��d�r Sectian 9 to r�pay to Lender any such
<br /> amaunt. Lender m�.y reval��th�wa�ver as to an�o�'�.����cr�w�t�rr�s a�any trxn��y�notice giv�n��a
<br /> accordan�e with 5�cti�n 14 and,u.p��such r����ataon,���ro��er�h���p�y to I�er�d�r a�1 Fund�,an�xn
<br /> �uch an�ou�t�,that are th��r�quired u�der t�is 5����v��.
<br /> Lend�r m�ay,at any�irn�,��1������d h���Fun�s�n a���au�a��a�suff ci�n►t to p�rm���,ender#o ap��y th�
<br /> �un��at�he tix��specif��c���a��r�.����., �r�d�b��.��tv�����d�h�n���i�uxr�a���a�.����nder�a�r��r��x�
<br /> �a�.d�r�5��. �.endex��a���s���nat�t�.�a����t o��'a��.�s��e v��b��b��i��f c�'�nt�at.�.and r����ab��
<br /> e�timates of exp�n�itur�s��f�tur���c;r�w����s c����h�r�is�ir�a��r��dan���rith�pp��c�.b���a�.
<br /> FHA Qe�d vf T�ust W4tn MER��►f� �l3�il��#4
<br /> Ba�ker��ys��ms� VMR� VMP4NtNE]t�5�6).OD
<br /> Woit�rs it��rwer Finar�c�a�5ervic�� Pag�5 of 17
<br /> q � 4 ��,D � � � 3�� 4 17
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