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2� 1 ��� 181 <br /> � <br /> . <br /> �. �pp�icatian af Pa�yments or P�oceeds. Exc�pt t�s�xpressl� s�a���o�hc:r���is�;�n this �ecLiri�• <br /> lnstrun�ent or���e Note, al[ pay�r�e����aecepted and applie�.by.[.,�nder�ha�I L�e a�pti�d in the i��li����in� <br /> ord�r of p�•ior�t��: <br /> Fi�•st, �o th�Mort�a�e Insut•at�ce p�•emiun���.�i�e p�id by� I.�end��•�o the S�c��•�iar��or the r��on.ihly° <br /> char•g�b}•t��� �e��•ctary ins��dc�t�#`����znont��l�•n�or���gc insuranc�:p�•c;miums� <br /> S�cot�cl, �o any=�a�es, speciai assessmen��. leaseho�d pa}�ments or�ra�znd.t•ent�, a��d �ire, ��ood and <br /> oth�r ha7..ard in5urance prem�ums, as re�uir�c�; <br /> Z�hii•d, t� ����ci•c�st duc�under th�:Not�: <br /> F�c�ur�h, ti���TlOi'�lT��.lOn i7�I��Il��:?�'inc�p�.i n�'t����ote; �.r�d, <br /> ��'i�f�:h, ta la��ch ar�es due un�er the N otc. <br /> �nyr applicat�on c�f pa��n�ents. ir�sua•an��prac€:�d�, or iVlisce�la��et�u� Prace�ds�o p�ii�cip�I c�tic�undc:�•t��e <br /> N��e�l�all n�t ehtend or Post��ne�l�e due date, r�r chan�e�he am�un.t, of�he �'eric�c�i� �'a�men��. <br /> 3. F�nds for Es�ro� ltems. I3arro�ti�cr shal! pa�•�c� ��nder on th�day �e�ic�di��'a���x�i��ts arc;du���r�cic:r <br /> the�'c�te, unti� �����c�te i s �aid in�uI I. a s�rm�r��� "F unds"}�o ���o�i de for pa}�m�:n�af amt�ut���ue����•: <br /> �a}�a,�es anc� �sessin�tt�s and a����• ite�ns��h ich c.�ai�a��ai n p1•iori�;�r c����;�•�:h is ��c�i�-it�� �nstri�mc�n�as�l�e�� <br /> c��•�n�umbrance c�n the Prnpert��. �b}lease��old���rm�nts o�•�rnund ren�:s o��th�P�•c�p�rty�, if any�; ��} <br /> pr�miuins for a���� al�d aIl i��si�ranc�;rc:y��ircd��� Lent�c�r ua�d��� ��cri�n�; �iic� �d 3�Ic�rt�a��insu�•a�lccs <br /> p�-en�i��ms to be�aic�b}� I.aender to�h�Secr•eta�•��c�r t���xn�nth���charge b�r the S�creiar•y i��stead of'th� <br /> m�13th��� �1rlort�a���nsur�nce pr�;mii�ms. "T�IzesG���an5 are cat�tc� "Lscr���r Item�." �1�c�ri�ii���ion t��•��ar�y <br /> time dui•ing th���rrn a��tl�e L�an, ��..���c�er n�ay i'�quire tha�Communit�- �ssoc��.tiat� I3tles, I�ees, a��d <br /> �5S[:SSn'i�ntS, if a����. U�eSCI'U���CI b� B(]I•ro��T�r; and such d�r�s, fGC'S a17d aS5�55i�3�i1t5 S�"l�l� �]�an�:5[.�ro1�� <br /> I��t�. �3orro��re�•shall �ram�tl��fu�•��ish to �.,e��d��•al�na�ice��F�mounts to be paid u��de�•th�s S�c�ic���. <br /> I-3orro«�r sh��l pa�� Lender�h�Funds f�i• Escro�n-I�t�ms tinic:ss L�.�nc�€.�r tiv��iv�s Bo�•rc����rc:r's abli�ti�:ic���tc� <br /> pa�•t(�e��'unds ic�r a��y or a�� L�crfl��r Ite�ns. Lei�d��n��yf��•ai���:�ar�•r����e�•'s ab�i�a�i�n tu pa.�r tc} I.�cYn�.er <br /> Funds fc�r any�or a�l Fsc�•o���I�e�ns a��nyr time. ���•such����.i�er�n��T on��� be in�n�ri�in�. �n t��e���en�of <br /> such��rai�•er. B��-r�����•shal� pay directIy, ��Fhen and�vhc�re pa��able, th�amUunts du�fo�•an�.�s�ra��• <br /> ��ems f��r��=hich pa��m�n�of F�ind����.s�een ��ai��ed b�� I,ender and, if L�Ild�i•req�ir��, sha�l fu�•��ish to <br /> L:end�t•receipts evzc�e�lcin�such pa�rment���ithin �uc��tt�ne pe�•ic�c�as Lenci�r n���7 �•t�L�ire, .��o�•�•������'� <br /> abl i��.tiat�tn ma��c��ic�l ��a��tnen��an��ta provi�c r��:ei��ts sl��lli fc�r�II �au�-poscs��;d�emcd ta€��a <br /> ca���T3c�I7t apC�c�al•�en�ent can�ain�d in this Secu�•it�� I����ru�rt�:nt, a�th�phrase "�o��t't1�n�.�r�d'ag�•��n�c;nt" is <br /> use�it�Sec�i�t�9. I�'Bor�•o��er is ohli�a�ed�o p��• FsL�r�ti��Item��i�•ec��}'. pu��uant io�i«rai��er, a��t� <br /> Borro��r�r fails to pa��#:h�;amount dut��Far an Escr����Iten�. Lc4nt�i�:r ri�a�r �;�t�rG�s�i�;s ri�hts t�n���r S€:���on 9 <br /> �.nd��.y� s�Ech ama��n�and�3ot•r����er s��all tl�en be�bli�ated under Sectinn 9 ta�•e�ar��tc� I�enr�e�•an�� �uc�j <br /> a�x��unt. Lc�d�z•may �•�v��e th€:��7ai��c��-as�:c��nyr or al� Escr�����t�ms a��tn}�titr��h4•a n�3tic�;b�ti•��� in <br /> acct�rdance«�ith Section l=�a��d. upon such�•e�°oca��o►�. ����•ro4�•er�hall pay ta I�ender a�I ��unds, �.nd in <br /> such t�n�out�ts, t��at�r�;��1���I•ec����r�;c� unt���•this�ectian 3. <br /> Lender ma��, at any titnc,�co��ect and hold Fund��n a�1 amo�in�(a}S��#�icien�tn pc:�•mi��.�ender�c3 a�p�}��he <br /> ��unds at the tim�sp�ci ii ed un�ier Rlw�S P,A., an d(b�n c�t to exc�ed th��m aximum �rn�unf a 1���cier cam rc�ui r� <br /> under RF�PA. Le��c�e�•sha�I e�ti��ate the amnunt o�'Fuz�ds d��c�n t�1e���.si��f curren�cia�a and�'C�.4[�llcl�)IC <br /> �s�irna�cs of c:���ncii�u�•�s of futur�;�scrotiv lt�m�or o�her���is����acco�d�ncc�vi�;h�1��alic:at�ie L���v, <br /> �7�4��CZ3 � �70�3w6�4�3 <br /> ri-iA Dee�l a�Trust 1r11ith�`vTER�-(vE <br /> Bankers 5ystems VMP Vll►3P�h]4N�'r�1 a0��Q0 <br /> �fvlt�rs Kii�w�r Frt�ncia4 Serv���� Page 5 oF 1 T <br />