2� 15�7�88
<br /> ' �n����v�r�-ow�r mak��payrr�en���brir�g����Q�n curr��t. �f B�rrv��ver�aes n��do s€��vith�n a reas�nab��p�er�od o�'
<br /> t�r�ae, LendeF sha�l �i�her app�y such funcis or return�hem�� �orra��r. �f n��app�iet� ea.r�ier, suGh�n�s�i��'be
<br /> app�ie� �o�he ou�s�an�in� princi��l balance under �h����e ixnmediate�� prior ta for�c�o�ure. �a ❑ffset�r cl��rn
<br /> �hic��orr��ver m�gh��hav�no�v�r�n the fu�u�e aga�ns��.en�er sha1����ieve Borrower f���making p�.y�ents d�ze
<br /> und��r�he N��e and�his �ecur�it� �ns�r�ent ar p�rform�ng��� co�enan�s and ag�-eemen��secu�-�d b��his �ecuri�y
<br /> �nst�urnent.
<br /> 2, Agpl�cat�o� of P2���en�s �r Fr�c�ec�s. �x�ept as o�herwise desc�ib�d in �h�s Sec���n �, a�l �a}�r�nen�s
<br /> a�c�p�e�and ap���ed by Lend��-sh�l��e ap��ied in��e fo�lowing o��.�r of p�ioz-i�y: �a} �nteres�d��und�r t�e�ote;
<br /> �b}Principa�du��nder��e�ote� �c�am�un�s due�nder 5�����ri 3. �Lxch p��r�en�s sha�l��app�ied�o ea.�h Per�o�ic
<br /> �a}�m�nt�n�he ord���n whic�a it becar�e due. �y remaining arr���xnt�shall�e app�ied firs�to l�t�c�arges, s�c��.d
<br /> �a any ot�er amaun�s dt�e under this Sec�rity�nst�umen�, and�h�n ta�-educe��ie prin���a��alance of�he�Io�e.
<br /> �f Lender r�ceiv�s a�ay�n�nt f�-�� Borra�e�-f�r a de�in�u��� Per���ic Fa�men�w��c� �n��ud�s a�uff c�en�
<br /> � amQun��o pay a�y�ate�har�e d�e, t�ie�aymen�n�a��e ap��ied �Q �he del�nqu�n��a�men�and�he�ate charg�. �f
<br /> m�re�han �ne Peri�dic Payment is aut��a�rd�ng, �,ende�may app�y any pa�ment �rec�ived fro�m �or�ower �o t�e .
<br /> repayrr��nt of�he Per�adi�Pa��en�s if, and to���ext�n���ia�, eac�.payr�ent can be p�id in�a��. To th�ex��n��hat
<br /> any�x�ess exis�s a�er�he paym�r�t is a���ied�o�he ful�paymen�of�ne or mor�Pe��od�c Payrnen��, suc�excess rna�
<br /> be app�ied�v an�r Iate c�arg���ue. V��untar�p�-epayrn�n�s s�al��e applied�'i�-s��o any pr�pa�rne�.t char�es and�h��
<br /> as des�rib�d in�h��ote.
<br /> Any a��l�c����n of payme��s, ��sura�.ce pra�eeds, flr�isc���anea�s Proce�ds��px�n�ipal d�e und�r�he NQ��
<br /> sha�i nQ�extend�r pos�pQn��h�due date, ar ch.an�e��e am�un�, af t�e Period�c Pa�men�s.
<br /> 3a �`unc��far�s��-aw��ems. Borr�wer�ha���a�ta I�er�d�r�n the da�r Periadic Paymen�s are du�und�r�h�
<br /> I�ot�y u�til�he�I�te�s paid�n full, a ��u���he"Funds"� �o p�ovid� f�r p�ymen�of am�un��du�fo�: �a�tax�s�r�d
<br /> ass�ssmen�s and�ther��em����a�ch can a�ta�n pri����y�ve�-this Secu�-i�Instru�r�ent as a�i�n a��ncum�rance�n�he
<br /> ��a�ert�, �b} iease�old�aaym�n�s �r gr�und rents�r� t�e�'roperty, ��'an�; �c��rem�ums�'or any a�d��i insurar�ce
<br /> , required by�end.er ur�c�er Sect��n 5;and�d�Il��r�gage�nsurance��en��urns, if a��, ar any su�ns payab��h���rz�o�ver
<br /> �o�,ende�in li��of�he payr��en�of N�or�gag�Ynsura�ce prerniurn�i�acc�rd�nce v,�ith th�pra�vis�on�af 5ection �Q.
<br /> `�`hese�tems are calle�T3�scr�r��t���.„ .A,t origina��on or a�an��ime�dur�ng��ie��r�n of t�e��an, �e�dea-ma��equi�-�
<br /> �ha��omr�un���.�ssocia�ion�ue�,�'ees, and Assess�nen�s, if a�y, be escr�wed b���r�-a�Ter,an�su�h dues,fees ar�d
<br /> assessments shall be an ��cr��v���m. Bor�rowe��hall prorr}pt�y furn�s�to�.�nder all na���es���ma�nts�o be paid
<br /> u�de� �his Sec�ifln. �orr��er shal� �ay L�ender �he Funds fa� Escr�w ��erns unl�ss �.ender �Taiv�� �3arro�we�'s
<br /> ob��gation��pay t��Funds f�r ar�y ar ail Escr�vcr�terns. Len�e��n�y vva����o�-rower's n�ligat�an ���ay�o Lende�
<br /> �u�d�for any ar ai�E�crQw��ems a�an��i�ne. Any such w�iv�r z-nay�r�ly be�n w�-iting. �n�he event of such wa�v�r,
<br /> Barr�wer shall���direc���} wheri and��here p��able, �he arnoun�s�u�f��-any Escrovv���m�s for w�i�h pa�men�of
<br /> �unds has been�vai�ed b��,e�.d��r a�d, if Ler�der requires, shail f�r�ish ta��nde�re�ei�t��v�d�nc�ng such�a�men�
<br /> yv��hin such�ime pe��od as Lender m�y require. �orrornrerx s obli��ti�n�a r�zake su�h pay�.en�s ant���prouide receipt�
<br /> shall f�r a�l pur�oses�e d��m�ed�o be a���enan�an�agre�rnent c�n�ained in�h.is Securit��ns�rumen�, as th�phrase
<br /> ¢
<br /> „covena�t and ag,reemen�" �s us�d�n 5ec�i�n�. ��B�r�ro�uer is�b�iga��d�o�a��scarow I�ems direc�l�, pu�suan�#a
<br /> a waiv�r,�nd Borrower�'ails�o p�v�he amo�n��ue f��-an Escrovv�tem, Lender may ex�rcise i�s rights under Se�tiQn
<br /> 9 and pay su�h arnou��and Barrov��r shail�her�b���1 igated und�r Se����n 9 to repay�a Lender an�such am��zn�.
<br /> Len�er may r�va�e�he�ai�er as ta any or al��scrow���ms at a�y tim�by a no�ice giuen in accardance�r�th�ec�ian
<br /> 15 and, 1.1p�i1 SI.1C�"I 3C�liOG���OI�, Borrative�-��a��pay ta��nder a�l �unds, an�in su�h arnoun�s, that are then r�quired
<br /> und�r this Sec��an 3.
<br /> Lend�r m��r,a�any�i�ne,c�liec�and ha�d�'�nds in an a�rnount{a�suf�cien��o perm��Lend�r to apply��e�unds
<br /> ��the�ime specified under R.ESFA, and�b}na���e�c�eed�he rna�xmum���un�a ler�de�ean req�ire under��SPA.
<br /> �.e�de�s�a�]es�ima�e fhe ar�our��c of�ur��s�ue an th�basis�a�cu�-rent da�a.an�reas�nable es�i�r�.ates Q�'e�cpe��.i�res
<br /> ��fu�ure�scr���t�ms or��her�ise in a�cordance w��h Applicab���a�v.
<br /> �e Fund� sh�l�be�ae�d i�a��ns�i�t�on whnse dep�si�s are�nsured b�a federa� agenc�, �nstr�rn.�n�ali��, ��
<br /> en�itrx �including ��ndea-, if L�nde� is an ins�itution w�as�depos�ts are�a �r�sured} o�- �n �n�Federal�arne�oan
<br /> �3a��. Ler��er��.a�I a�piy the��xnds ta pay�h��scro���e�s�a�at�r tha�the�ime specifi�d un��r r�ESPA. Lender
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<br /> �VEBF�ASKA--S�ngle Family---Fa�nie Ma�IFreddie Mac U�IF�RNI INSTRU�lII�NT 1?ac�l8�fc�
<br /> Forsn 3�28 �f4� �a��� Qf 14 www.cfvcmagie.eorrr
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