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2� 1 ��527 �. Applicationof Paymer�ts vr Proceeds.Except�.s expressl�stated oth��rse in this Securit}� Instrurnent or the Note,a11 payments accepted and applied by Lender sha11 be app�ied�n the follv�v�ng ord er o�priority: First,ta the Mortgage�nsura�.ce premiums to be paid by Lender to the Secreta.ry or the monthly charge by the Secretary instead of the monthly mortgage insurance premiumsy � Second,�o any ta.xes, �pecial assessments, Ieaseh�Id paym�nts or ground rents,a�nd fire, flood and o�her hazard insu�rance premiums,as required; � Third,to interest due under t�.e�at�; Faurth,to amartizatian of the princ�pal of the Note;and, Fifth,to late cha.rges due under�he Note. Any application of payments, insurance proceeds,or Miscellaneous Proceeds to principal due under the Not�shal�not e�ten�i or pos�p�ane the du�date,or change th�amount,of the Periodic Pa�ments. 3. Fundsfor Escraw ltems.�orrower sha11 pay ta Lender on the day Periodic payments are due under �he Note,unt��the Note is pa�d in fu11,a sum[the "Funds")to pro�i�le for payment of amounts due for: (a}taxes an.d assessment�and oth�r items which can attain priarity over this Securi�Instrument as a lien or encumbrance on the Property; (b}�easehold pa�ment�or ground rents an�he Property, if any; (�} �pr�miums for any�nd all insurance requ�red by Len�er und�r Secti4n 5;and�d}Mort�age Insurance premiums ta b�paid by Lend�r to the Secreta.ry or�he monthly cha�rge by the Secretary instead of the monthly Mortgage Insurance premiums. These items are called "Eseraw I�ems."At origination or at any ��e during the te�n of the Lo�n,Len.der may require��►at�ammunity Associati�n Dues,Fees,and Assessments, if�.ny,be escrawed by Borrower,and such dues, fees and assessments shal�be an Escrow Item. Borrower sha11 promptly furnish to Lender aI�n�tices of amounts to be paid under this�ection. Borrvtiver sha�t pay�,ender the Funds f�r Escrow Items unless Lend�r waives Borrower`s obligation to pay the Funds for any or a�l Escrow Items. Lender may�vaive�orrawer's obligation to pay�o Lender Funds far ar�y or a11 Escra�v Items at any time.An.y such�vaiver may onty be in�vriting. In the e�ent of such waiv�r,Barrower sha11 pay directly,�vhen and where payable,the amounts due for any Escrow Items for wh�ch payment of Funds has been waived by Lender and, if Lender requir�s, sha11 furnish to Lender reGeipts evidenc�ng such payment with�n such time period as Len.der may require. Sorrower's obligation to make such payment�and t�provide receipts 5ha��for a11 purposes be deemed to be a covenan�and agreement contained in this Security Instrument,as the phras� "covenant and agreement" is used in Se�tion�. If Borrower is ob�igat�d to pay�scrow Items directty,�pursu�.nt tv a waiver,a�d F�arrower fails to pay�he amount due for an Escro�u Item,Lender may exercise its rights under Secti�n 9 and pay such amount and Borrower sha�l then be obligated under Section 9 to repay to Lender any such an�ount.Lender ma�re��ke the�a�ver as to an�or all Escrov�Items a�a.ny�.ime by a notice given in accordance wi�h 5ect�on �4 and,upan such revocation,Borrower sha11 pay to Lender a11 Funds,and in such amoun�s,that are then required under this Section 3. Lender may, at any time, collect and hald Funds in an amaunt�a}sufficient to�ermit Lender to apply the Funds at the�ime specified under RESPA, and(b}not to exceed the maximum amouut a lender can require under RESPA.Lender shall estimate the am�unt vf Funds due�n the basis of cunent data a�.d reasonable e�timates�f exp�nditures of future Escrow Items or o�her�ise in accordanc��vith Applicable Law. FHA❑eed of Trust With MERS-NE 9/30/2414 Banker�s Sys#ems� VMP� VMP4N[hIE}�15�fi}.0� Vlrolter5 Klt�wer F�r�ar�cial 5ervices Page 5 of 17 q�335454z393 ��33 306 4517