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<br /> Any app�ica�ion of paymen��, insurance proc�eds, or Miscei�aneaus Proceeds to princ�pal du�under the Note
<br /> shall nat extend ar pQstpone the due da�e, �r�hange th�amount, of�he Peri�dic Pa�ments.
<br /> 3. Fund�for Es�ro��v I�ems. Borr�wer sha��pa�to Lend�r on the day Periadic Pay�men�s are due unde��he
<br /> No�e, unt��the N�te is paid in fu�i, a sum�the "Funds"}fio prov�de for payment af amounts du�for: �a}taxes
<br /> and assessrnents and other items wh�ch can a�tain prinri�y over this Secu�ity Instrumen�as a lien ar
<br /> encumbran�e an�he Property; �b} �easeho�d pa�m�nts �r ground rents on the Praper�y, �f any; (c}premiums
<br /> for an�and ali insuran�e requ�red�y Lender und�r 5ect�on 5; and�d3 M�rtgage�nsurance premzurns, if any,
<br /> or any sums payable by Borrower�o I�nder in lieu of the pa�men�af Martgage�nsuran�e premiums in
<br /> ac��rdance w�th the pr�visions of Sect��n �D. These i�ems are cal�ed "Escrovv I�ems." At origina�ion or at
<br /> any��me during the term of the Loan, L.�ndear xna�require tha���rnmunity Assaciat�on Dues, Fees, a.nd
<br /> Assessments, �f any, b�escrow�d by B�rrovv�r, and such dues, fees and assessments sha��be an Es�ro�
<br /> Item. Borr�wer shal�promptly furnish to Lender aI�notices of amounts to be paid und�r this Sectian.
<br /> Borrower s�iall pay L�nd�r the Funds for Escraw Ite�ns unl�ss Lender�ra�ves �3arrow�r's❑�Iigation to pa�
<br /> the Funds f�r any ar alI Escrow Ztems. Lender may waive Borrower's obliga��an ta pay to i.ender Funds for
<br /> any❑r all Escrovsr Items at any t�me. An�such waiver ma�on�y be in v�ri�ing. �n the�ven��f such waiver,
<br /> B�rrowe�sha�.�pay directly, when and where payable, �he amounts due for ar�y Escrov�r lt�m�s for which
<br /> paym�n�af Fu�ds has been wa�ved by I,ender and, �f L�nder requ�res, sha11 furnish�a Lender receipts
<br /> evidencing such payrnent w��hzn such time period as Lender may require. Barra�ir�r's�b�igation to m.al�e
<br /> su�h paynr�ents and to pro�ide receipts shall for ail purpose�be deemed to be a c��renan�and agreeYnen�
<br /> contained in this Security Instrumen�, as�he phras� "c�venan�and agreernent" is used�n Sect�on 9. If
<br /> Borrower is obligated t�pa�E��row Items d�rectxy, pursuan�to a wai��r, and Borrower fai�s to pay the
<br /> amount due for an Es�row��em, L.ender may exe�cxse �ts rights under Section 9 and pay such amount and
<br /> B�rrawer shal�th�n be abligated under Sec�ian�to r�pay to L.ender any such amount. Lender may r�v�ke
<br /> th�waiver as to any❑r a��Escrow��ems at any time by a no��ce gi�en�n accordance wi�h Se�tion 15 and,
<br /> up�n such re�ocation, Borrov�rer sha��pay t�Lender a11 Funds, and�n �uch amount�, �hat ar�then required
<br /> under this Sect�on 3.
<br /> L,�nd�z�may� a�c'�Il'y �ifll�y colle�t and h�ld Funds in a�amaunt�a�sufficient to p�rn��Lender ta app�y the
<br /> Funds at�he time sp�cif�ed under RESPA, and(b}not to exceed the maximum arnount a�ender can require
<br /> under RESPA, Lender sha�� estimate�he amount af Funds due on�he bas�s of current da�a and rea�onable
<br /> estimates�f expenditures af futu�e Escraw Items ar ather�vise�n accardan�e wi�h Applicahle Law.
<br /> The Funds sha�l b�h��d�n an insti�u�ian whase dep�sits are insured by a federal agenc�, �nstrurn�nta�ity, or
<br /> �nt�ty�includ�ng I.ender, �f L,end�r is an ins�itut�on whose depasits are so insured}�r in any F�deral Home
<br /> Loan Bank. Len�.er sha�I ap���#he Funds to�ay the Escro��v �tcros no la�er�han the time sp��if�ed under
<br /> RESPA. Lender shal�not charge Borrnv��r for ho�ding and app�y�ng�he Fu�ds, annuaily analyzing the
<br /> escrow ace�un�, �r ver�fy�ng the Escrow �terns, un�ess�.�ender pa�s Borrower inter�st on the Funds and
<br /> Appl�ca�I�La�v pernv.ts Lender to make such a charge. Un�ess an a�re�ment�s made in writ�ng�r
<br /> Appl��a�le La�r requ�res�nterest to be pa�d on the Funds, L�ender sha�I nat be requ�xed�o pay B�rrov�er any
<br /> �nterest or earnings on the Funds. Borrov��er and Lender can agr��in wri�ing, howeve�r, that interest shall be
<br /> paid�n the Funds. Lende�r sha�I g�ve t�Borrovv�r, wi�hau�charge, an annua� accounting of�he Funds as
<br /> required by RESPA,
<br /> �f there�s a surplus of Funds held �n�scraw, as d��ned under RESPA, Lender shall accoun�t�B�rr�wer for
<br /> �he excess funds in accord�nce with RESPA. �f there is a shor�age of Funds hel� �n escrflw, as defined under
<br /> RESPA, Lender sha�l notify Borr��er as requ�red by RESPA, and Bo�rawer�hal�pay�o Lender th�amount
<br /> necessar�t�make up�.he s�or�age in acc�rdance with R.ESPA, but in no mo�re than ��rnon�hly paym.en�s. �f
<br /> there is a de�c�ency nf Funds h�ld in escrov�, as defined unde�r RESPA, L,�nder shall n�tify Borr��r�r as
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