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2� 15�8822 <br /> Any a�pl��a�ion of paym�ri�s p��nsurariee proceeds, �r M�scellataeous Proceeds to pr�ncipal due und���h�No�e <br /> sha�� not ex�end or pos�p�ne�he due dat�, or c�lange th� amo�un�, �f�l�e P�riodzc Payrnen�s. <br /> 3, ]�xnd�fa�Q Es��•ow��ems. Borr�we�sha�Z pay ta Lendex an�he day Perrod.�c Payments are due under th� <br /> Note, un.��1��i�Na�e Xs paid zn fu11, a sum�the "Funds"} to pro�id�f�r paymen��f amour�t� du�fo�r; �a}ta�es <br /> a.�d.assessx�:�nts arid other x�ems whxch caz�a���.ir�pr�ority��er��iis S�curit�r Instrume��as a Iier�or <br /> �nc�rr��rax��e on fihe Pro�erty; �b} �ease�io��.pay�nents or grt�und ren�s an the Propert�, rf ar��; �c}�rem�u.ms <br /> �'o� any arad a�� ��suranGe requxred by Lender und�r �ecti�n 5; and �d} Mor�gage �nsuranc�premiu.ms, if any, <br /> �x a�� su.rns p�yab�e by Ba�°r�wer fia Lender�n Iieu �f�h�p�yment of N�or�gage��surance prerniurns��. <br /> accorc�az��e tivith t�.e prav�s�a�.s of�ec�x��� �.�. These i�erns a�e�a1�ed "Escro� I��ms." At c�r�g�na�xoz�ar at <br /> a�.y��x�.�d�xr�ng th�term of�h�Loan, L�nd�r may requzre that Cflxanzx�un��y Associatian Dues, �ee�, az�.d <br /> A:ssess�e��s, if any, b�es��a�ed by Bor�ower, arid such du�s, fees an.d ass�ssments sha1�be an Escrow <br /> ��em.. �or�ow�r sha��praxnp��y�'��ri�sh to Lender a��rio�Xces of an�.oun�s�o�e paid undex thi� Sect�or�. <br /> B�rrov�r�r sha��pa�Lender���e�und.s for Fs�raw Ztexr�.s u�.les�Lend�r vwax�es Borr��rer's a��xgat�on�o�aY <br /> �he�u�ds far any�r a11 ��cro,t�v It�rris. I�ender may waxve Borrow��r's ob�xgatxon ta pay�o L�nder Fur�ds ko�r <br /> axay a�°a11 Escr�w ���ms a�ariy��m�. Any such warver may nr�l�r he in�rr���ng. �n�he eve�a�of suG�waiver, <br /> Borravv����.a�l pay dir�ctly, wh��.an�where payab�e, �h�a�n�u�.�s �.u�far a�.y Escrow�tems for which <br /> pay�n�r�t of. Funds has�een�aived��L�r�d�r and, �f L�ndex�equxres, s��al�furnish�o�►�nder receipts <br /> �vxdez�c�r�g s��ch payrnen��ithir�suc�t��e�erxod as Lerider may requ�zx��. Borarower's�b�xga��on�a mal�e <br /> su.��z payrxz��ts a��.to p�ov�d�r�ce��ts s�xall for all purposes be deemed.�a be a covenant and agr�em�Y�t <br /> co�.�a�r��d �n�his Security Ins�:r�n��r��, �s t�.e phrase "cover�ant and agre��:en�" is used��a Se�t�on 9, if <br /> �nr�ow�r is obliga�ed ta pay�scr�w I1:err�s dir�ctly, �ursuan�to a v�raiver, a.nd Bar�raw�r fails to pay the <br /> arx��uz�t du� for an Esc�-��v Y�err�, �,end�r may e�.erc�se x�s r�gh�s u�.c�e�r��c��an� anal pay sr���amou�t and <br /> Borraw�r shal�then be abl�ga��d u�ad�r Sect�an 9�o r�pay t� �e�.de�r any such amount. Len.d�r may r�voke <br /> the�ra�v��a��s to any or all Es�rovv I��rxxs at a�y time b� a notic�given xr�.accor�ance wit��ectro�i �5 a.rid, <br /> upan s�xc�r�voca��an, Ba�rrow��°shal��ay to Len�.er al� runds, an.d�r���xch amounts, that�re�he��equzred <br /> ur�d�r��.xs S�c�xon 3. <br /> L�r�d�r x��.ay, a�a�ay�im�, �ol1e��anc�hold�unds �7� an amour�t�a} suffY�i�n��a�ermi�L���er ta appiy�h� <br /> �unds a���ie time s�ecified under��SI�A, �nd (b} x�at to exc�ed the�rzaxim.u.m amoun�a�e�der can requ��� <br /> u�.�.��R�S�'A. Lcr�dGr shall estirnatc����amount af Funds�.ue o���xe basxs af curre�x�data ara.d r�asona��e <br /> est��a.a��s c�f exper�dztures of futur��s�row ztems or o�her�rxse�n acc�rdance w��h Applxca�b�e La�ir.. <br /> 'T�.��u�ads Sha�I be he�d in an��.st�tut�or��hose depos�ts are insured by a fed�ra�agen��, �ns�r.�meri��X�t�, or <br /> �nti_ty ��nc��.din� Lender, �f Lender xs an irist��ut�on whose deposi�s ar�so insure�.� or in any Feder�� F�olne <br /> Lo�l Ban�. Ler��.er shaX� app�y�h��'unds�o�ay��ae Escrow��erx�.s no�ater�han the time sp�cif�ed.uzader <br /> R���A o L���.e�r sha�l no�charge�3o�r�wer for holding a�d applying th�Furids, a�u�ual�y arialyziz�g�he <br /> escroi� �ccount, �r verifyrng�h�Escrov� ���ms, un�ess Lende�pays Borrower interest oi��he Fun�s and <br /> A���Iicabl�La�r perm�i.�s Lender to rraak.e such a charge. Unl�ss an agre�mer�t is mad�in wrz�xng o�r <br /> �p���cab�e�aw requi�es in�erest to be paxd an the Funds, Let�d�r sha11 nat be required��pay Bo�ro���any <br /> in�e�est o��ar�ings on�he Fu.z�d�. ��rrower and Lerid�r car�ag�ee in wri.�xng, hou��ve�',�ha�:in��r�st s�ial�be <br /> paid,��z t�e I�unds, Lender shaY�gxv�t� Borrower, �rithout charge, ax�annuai accouriting of fi�.e Fund� as <br /> r�quired t�y RESPA, <br /> �f�h�r�is a surplus of Furlds held in es�row, as defin��.under R.ESP,A, I�ender shal�acc�unt�o Borrower for <br /> the��c�ss�ur�ds �n accorda��e v�ith�2.ESPA. �f��ae�re xs a shor�a��a�'F�mds�.��d��.escxow, as d��i�ed.unde� <br /> �.ESP�, I�en�er s�.a��r�atify�3�rrc��r�r as required by RESPA, and.Barrawer sha��pay ta�.�n��r��i�a.zr�ount <br /> r�ec�ssary t��na�e u.p t�e shar�a�e in a�ca�dance with�ESPA,�ut in�o�nare�han ���an�h.��r pa���n��. �f <br /> �he�e z5 �deficxency nf Furads held�rl�scrov�r, as de�z�ed under RESPA, Lender s�a���aatrf��orrow�r as <br /> N�BRASICA-5ingle Farr�ily-�annie MaelFr�ddie Mac IJNIFDRM fN�TRUMENT F�rm 3�28 11�1 <br /> VMP Q VMP6�NEy�130�} <br /> Wofters fCluwer f�inancial Ser�ices Page 5 af i 7 <br />