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��15�731 � <br /> �ny app�zcation�f payments,insuranc�prace�ds,o�Misce�lar�evus Praceeds�o princ�pai du�under the Note shali <br /> na�e�tend or pos�pone�h�due da�e,ar change�he am�un�,af the P�r�adxc paymen�s. <br /> �.Funds for Escrow Items.Borrower sha�I pay�a Lender on the day Periodic Payrnents ar�due unde�r the N��e, <br /> until th���te is paid in fu�I,a sum�the"Funds"}to provide f�r pa�mex�t of arno�ua.ts due far:�a}taxes an�assessments <br /> and �ther items which can a�n pri�r��y �ver�his S��urit��ns�xument as a�ien ox en�urnbra�ce an�he P�oper�y; <br /> ���Ieaseha�d payments nr gxaund rents oz��e pr�perfy,if any;�c�prem�u.ms f�r an�and a�l insuran�e requ�red by Lender <br /> under Sect�on S;and�d}�or�gag�Insurance premiu.�.ns,xf a�y,or any surns pa��ble by�arrawer�fl Lender in Iieu of�he <br /> payrnent of M�r�gag��nsura��e prerniums in acc�rdanc�wxth thE pro�ris�ons af Secti�n ��.These�tems are cailed <br /> "Escraw �terns."At origination or at any t�me durin��he term of�he L�ar�, Lender rnay require tha� �ommuni�y <br /> Asso�iatian Uues,Fees,and Assessments,if any,be escrowed�y Borrower,and su�h dues,fees and assessrnents shall be <br /> an E�crow��em. �arrow�r shall prompt�y furnish�o Lender a��na�ices �f arnvunts�� b�paid u.�der this Sec�ion. <br /> Bnrra�er shai�pay Lender the Funds for Escravv�tems unless Lender wa.��es Bo�rav�er's obligation ta pa�the Funds for <br /> an�or a��Esc�o�v�Items.Lender rna�wai�e Barjrvu�er's obi�g�.�ian�o pay to Lende�r Funds fo�r any a�a�l���row��ems a� <br /> any time.Any such waive�r rnay only be in wr���ng.�n the e�ent of such waiver,B�rr�wer shal�pay duec�iy,when and <br /> wh��e pa�abl�,the amaunts due f�r a�y Escrovv Iterns for which payrnent flf Funds has been wai�ed by Lender and,if <br /> Lend�r requ�r�s, sha��furn�sh�o Lender receip�s e�idenc�g such payment within Such tirne period as Lender may <br /> Xequire.B�rrower's ablig�.ti�n��ma�e such paymen�s an�t�pro�ide receipts�hall far a��purpfls�s b�deemed ta be a <br /> cavenant and agreement can�ned�n.this Sa�ur��ty�ns�rurx►�n�,as the phrase"covenan�an�agreem�nt"is used in Seetion <br /> 9.�f Bar���ver�s�bl�gated to pa�r Escraw�tems d�re�tly,pursuant ta a wa��er,and B�r�av�r�r fails to pa�the�.mount due <br /> far an Escr�w I�ern,Lender may e�er�ise it�rights undez�Sec��on 9 and pay such ar�.aux��and�arrawex shail�hen be <br /> abliga�ed u�ader S�ctzon 9�a repay�o Lender a.r��r sUch amou�at.LendEr rna�reWoke�he wa�ver as�o any or a1�Escrour <br /> Z�ems a�any tinxe by a natice given�n ac�ordance vvith Sec�ian �5 and,upan su�h revo�at�an,Borra�ver sha�I pay to <br /> Lender a�i Funds,and in su�h�m.�unts,that are�hen re�u�red under�is Se�tiQn 3. <br /> �ender rnay,at any ti.me,�ol�ect and hold F�nds�n a,n amount�a�sufficien�ta permit Lender ta ap�ly�he Fux�ds a� <br /> �he�ime specified under RE�PA,anc}�b�no����xce�d fhe maa�imum arnau�nt a lender can requxre unde�RESPA,Lender <br /> sha.l�es�zmate th�amQu�t Qf Fur�ds due on the basis of curren�da�a and reasonable estzmates of expenditur�s of fu�ure <br /> Escr�w��ems or otherwise�n accbrdance wi�h Applicable Law. <br /> The Funds sha��be h�Id�n an insti�u�i�n whase deposits are insured by a federa�ag�ncy,instrur�e��a�i�,or erit�ty <br /> �in�luding Lender,if Lend�r is an ins�itu#�an wh�se depaszts ar�so insured}or in any Federa.l Horne Loar�Bank.Lender <br /> sha��apply�he�unds�o pay the Escrow Items no Iatex fiha�a the�tirne specified under RESPA.Lender sha.�i no�charge <br /> Borrower for ho��in�and app�yit��the Funds,annua��y ar�a.�yz�n�the�sCrvw account,ar v�ri�`ying the�s�raw�tems, <br /> un��ss Lend���ays Barrfl��r i�texest an�he Funds a�nd A�p�icabie Lavv�permits Lender ta mak�such a charge.Uniess a.n <br /> agr�ement is made�n wr��in,�ar A�.pplicab�e Law r��uu�s inte�r�st t���paid�n th�Funds,Lender sh�,l�not�e requzred to <br /> pay Bvrrvwer any int�res�or earnings on the Funds.Borrawer and Lender�an agre��n w�rx�ing,h4wever,�ha�i�t�res� <br /> sha�.i be paid an�he Funds.Lender shall�ive�o Borrowex,withaut charge,an annua�accar.ux�ing af the Funds as requ�red <br /> by RES�'A. <br /> �f�here xs a surplus af Funds he�d in escr�vv,as def�ned und�r RESPA,Lender sha,i�account tn Barra�ver far the <br /> excess funds in accordance wxth R�SPA,�f there�s a sh�rtage of Funds held in escraw,as defined under RESPA,Lender <br /> sh�.tl natify�or.�o,wer as rec���red by�ESPA,an.d B�rrower�ha�l pa�ta Lender the amflun�necessa.ry to ma�e up�he <br /> sharta�e�.z�accordance w�fih RESPA,but in na more�han�2 m�nth�y paymer�ts.�f#h.e�e is a�eficienc�ofFuxad�held i� <br /> escrovv,as defined under RE�PA,�ender sh�I�na#�fy�orrower as�'equire�by RESPA,and Borrower sha�I pay ta Lender <br /> t�Ze am�unt nec�ssary�a�x�.ake up the defi�iency in ac�4rdance w��h RESPA,bu�in na rnare than 12 man�h�y payments. <br /> Upan paymen�in fu11 of a1�s�t�n�securec�by�his Securit�Ins�rument,Lender shall pr�mg��refund to�3�rrawer any <br /> F unds he�d hy L ender. <br /> 4.Charges;Li�ns.Barrovver s�Zal�pay aIx�a�es,assessmen�s,��xarges,fines,and i.mposi�ions�.ttr�butable to the <br /> Praperty which�an attain pr�or�ty vver thi�Secu.rity Ins�a�nt,Ie.�seho�d�ayments��gr��ad rer�ts on�he Property,if <br /> any,a.��.Communxty AssaGiatian Dues,�'ees,and A�s�ssmex�fs,if any.To�th�extent tha��hese items are�scra�r�tems, <br /> Borrower shall pay them�n�he mann.er pravided in Section 3. <br /> �IEBRAS�iA-Stngfe Famify-Fannie MaelFreddie M�G UNfFaRM�NSTRUM�NT Farm 3 28 �10� - <br /> Rage d��f�3 <br /> i��,���, �arr�werts}�ni#ia�s <br /> � <br />