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<br /> Any appiica�ion of payments, insuran�e praceeds, or Mis�e�Ian�ous Fro�eeds�o principal due und�r th�N��e
<br /> sha�l not extend ar postpane�he due date, ar change th�am�un�, af the Periodic Payments.
<br /> 3. Funds for Escraw I��ms. Borr�wer sha�l pay�fl Lender on the day Periadic Payments are due und�r�he
<br /> Note, until the N��e rs pa�d in full, a surn�the "Fun�is"}ta prnv�de for payrnent of amoun�� �ue fflr: �a} taxes
<br /> and assessm�nts and�ther items which can atta�n prior��y av�r this Security�nstrumen� a�a�ien or
<br /> encurnbrance or��he Proper�y; ��}�easeha�d pay�ments ar graund rents�n the Fraperty, if any; �c�premiums
<br /> for any and a�� �nsurar�ce r�quired by L.�nder und�r Sectzon 5; and(d} Mortgage�nsuran�e prerniums, if any,
<br /> nr any sums payable�y Bor�r�wer�a I..lender in lieu of the payrnent of Martgag��nsurance prem�ums�n
<br /> a��ordance with the pro�isxons of Sec�ian �.�. These items are called "Escrow ��enZs." A�or�ginat�on�r at
<br /> any�irne during the t�rm Qf�he L�an, L..�nd�r may require�hat Cammunity Association Dues, Fee�, and
<br /> A55�SSI71e17tS y if any, be escrawed�y Barrower, and such dues, fees and assessmen�s shall be an Escrow
<br /> �tem. Borr�vv�r�ha��promp�ly fur�ish ta I�nd�r all noti�es of amounts�o be paid under this SeGtion.
<br /> Borrower sha11 pay Lender the Funds for Escraw�tems unless I.�nd�r waives B�rrower's�bliga�ion to pa�
<br /> the Funds far any ar all E��ro�v��erns. Lender ma�r v�raive Borr�wer's a��i�at�on�a pa�tr�Lender Funds for
<br /> an�r or a��Escr�w Ztems at any tim�. Any such wai�er ma�r anly b�in writing. xn th�event of such wa�ver,
<br /> Barrawer shall pay directly, �vhen and�here payable, the amounts due for any Escrow�tem�for wh�ch
<br /> payment of Funds has�een wai�ed b�Lender and, if Lender requ��res, shali furnish to Lender receipts
<br /> evidencing such pa�men�w�thin such�ime per�ad as L.�nder may require. Borrov�er's ob�igation to make
<br /> such paymen�s an�ta provide receipts sha��for a��purposes be deemed ta be a�ovenanf and agreernent
<br /> contained in this Security Instrument, as the phrase "covenan�and agreement" is used in Sect�on 9. �f
<br /> Barrower is ohliga�ed�a pay Esc�ow Iterns directl�, pursuant�o a waiver, and Borrower fails to pay�h�
<br /> amount due for an Escraw �tem, Len�er may exerC�se�ts rights under Se�tion 9 and pay such amaunt and
<br /> Borrawer shall then be obligated under S�ction 9�o repay�o Lender any such amount. Lender rna�re�oke
<br /> rhe v�rai�er as ta any or al1 Es�raw Iterns at any time b�a natice g��ven in accordance wi�h 5ection �5 and,
<br /> upon such re�ocati�n, BQrr�wer shai�pay�a Lender ai� Funds, and �n such am�un�s, fha�are then re�uired
<br /> under this Se��ion 3.
<br /> Lender may, at any�im�, Galle��and ho�d Funds in an amount�a�suf�cient��per�ru� Lend�r ta appiy��e
<br /> Funds at the time s�e�ifie�under RESPA, and�b}no�t�exceed the ma.��mum amaunt a�ender�an require
<br /> under�ESPA. Len�.er shal�estirna�e the�m�unt of Funds due on the�asis af current da�a and reasonable
<br /> es�imates of e�pendi�ures of future Es��row �tems or�therwise�n acc�rdan�e with App�icable Law.
<br /> The Funds shail be he�d in an institutian whase deposits are insured b�a federal agenc�, instrumentality, or
<br /> �n�it���nciuding Lender, if L.�nc�er�s an �nsti�u��an vvhose deposits are so�n�ured� or in an�Federal Home
<br /> L.�an Bank. Lender shall apply the Funds ta pay the Escrovv l���ms no la��r�han the t�me specif�ed und�r
<br /> RESPA. L,�nder s�a��not charge Borrower far holding and applying�he Funds, ann.uali�analy�xng the
<br /> escrovv a�c�unt, or ver�fying the Escraw Items, uniess Lender pays Borrower interes�an the Funds and
<br /> App�ica�l�Law perm�its Lender to make such a charge. Unless an agreem�nt is mad�in w�iting or
<br /> Applicable Law�requires inter����a be pa�d an the Funds, Lender sha11 n�t�e requiY•�d to pay Ba�rov�er any
<br /> interest a�-earnings an the Funds. Borrower and Lender can agr�e in vvr�t�ng, ho�vever, tha� �nterest sha��be
<br /> paid on�he Funds. Lender shali���e�a Borrower, v�ith�ut charge, an annua�a�c�unting of the Funds as
<br /> r�quired by RESPA.
<br /> �f there is a surplus of Funds h�ld in escrow, as defined under R.ESPA, Lender shall accaun�to Borrow�r far
<br /> �he exc�ss funds �n acco�rdance w�th RESPA. �f th�re�s a shartag��f Funds held in escro�v, as defined under
<br /> RESPA, Lender shall not�fy Barrawer as requ�red by RESPA, and Borrower shal�pay to L.ender th�amoun�
<br /> necessary to make up�he shor�age in acc�rdance�vi�h R.E�PA, bu��n n�more than 1�inon�h�y paymen�s. �f
<br /> there is a defic�ency of Fund�held in es�r�w, as defin�d under�ESPA, I.�nd�r�ha�l notify Borrflwer as
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<br /> Wolters IC€uwer Financial 5er�i�es Page 5 of 9 7
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