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2� 15�8599 �. Applicationof Payments ar Proceeds.Except as expressly stated otherwise in this Security Instrument or�he Note,all payments accepted and app�ied by Lender sha11 be applied in the f�liowing order of priarit�: �irst,�o the Mortgage Insurance premiums t�be paid by Lend�r to the Secretary or the man�h�y �harge by the Secreta.ry instead of the m�nthly mortgage insurance premiums; Secand,to any taxes, special asses�ments, leasehald payments ar ground re�nts,and fire,flood and other hazard insurance premiums,as required; Third,to interest�ue under the Note; Faurth,to amor�ization of the principal�f the l�ote;ar�d, Fif�h,to Iate charges due under the Note. Any app�Ycation of payments, insurance proceeds,or Miscellaneous Proceeds to principat due under the Nate shall not extend or pos�pone the due date,or change the amount,af the Period�c Payments. 3, Fundsfor Es�row Items.Borrov�er shall�ay�o Lender fln th�e da�Periodic pa�yments are due under the Note,until the Note is paid in full, a sum�the "Funds"}to pr��ide for payment of amounts due for; (a}tax�es anti assessments ar�d other items which�an attain priarity over this Se�urity Instrument as a lien or eneumbranc�on the Property; (b}leaseho��payments or ground rents on the Property, �f any; (c} premiums far any and a�l insurance required by Lender under Section 5; and(d)Mortgage Insurance premiums ta be paid by Lender to the Secre�ary or the monthly char�e by the Secretary instead of the monthly Mortgage Insurance premiums. These iterns are cal�ed "Escrow Items,"At origination or at any �ime during the term of th�Loan, Lender may require tha�Community Association Dues, Fees,and Assessments, if any,be escrowed by Borrower,and such dues, fees and assessments sha11 be an Escrow Item. Borrower shall promptly furn�sh to L�nder al�not�ces of amounts to be paid under this Section. Borro�ver sha�l pay Lender the Funds for Escrow�tems unless Lender waives Borrower's obligat�an to pay the Funds for any or a11 Escrow Items. Lender may waive Borro�ver's obrigation�o pay ta Lender Funds far aray or a�l Escrow�tems at any time.Any such waiver may oniy be in�vr�ting. In the e�en�of such waiver,Borrower shall pay d�re�tly,�hen and�vhere payab�e,the amou�ts due for any Escro�r Items for which payment of Funds has been�uaived by Lender and, if Lender requ�res, sha11 furnish to Ler�d��'receipts e�ide�cing suc�pa�rr��nt within such tirr�e periad as Lender may re�uire. Borrower's abligation t�make such payments and ta provide receipts shaii for a�1 purposes be deemed to be a covenant and agreem�nt conlca�ned�n t�is Security Instrument,as the phrase "ca�enant and agreement" is used in Section 9, If Bono�ver is o�ligated to pay Escrow�tems directly,pursuant to a waiver,and Borrower fails to pay t�xe amoun�t due for an Escrow Item,Lender may exercise i�s rights under Sectian 9 and pay such amount and Borrower shall then be obligated und�r Secti�n 9 to repay to Lender any such amount, Lender may re�oke the wai�er as to any or aIi Escrow Items at any time by a notice given in accordance with�ectian I4 and,upon such revoca�ion, Borrower shali pay to Lender all Funds, and in such amoun�s, that are then required under this Sect�an 3. Lender may, at any time, collect an�hold Funds in an amount(a�sufficient to permit Lender to app�y the Funds at the time specified under RESPA, and�b}not to ex�eed the maximum�.mount a lender can require under RESPA. Lender shal�es�imate the amount of Funds due on the basis of current data.and reasonable estimat�s af expenditures of future Escrow Items or other�ise�n accor�ance with Applicab�e Law. FNA�eed af Trust With MERS-NE 913�12U14 Bankers Systems�"� VMP� VMP4N(NE}{15qB}.�� Wolters Kluwer Financial Services Page�of�7 q4334$95G07p �z33 3�Z 0517