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2� 1 ���732 <br /> aga�.�n.s�Lender shail re��e�re �o�`�`a�er from mak�g paynle�.�s due under t�.e N��� and�his Secur�ty Instrumea�� or <br /> perf�rm.ing�he covenan�s and agreemen�s secur�d by�his Security Ins�rumen�. <br /> ��A►.pp�icat�on�f pay�n���s a�Pr�oc��ds.Ex�ep��atherw�se��scr�bed in�us S�ct�on 2,a���aymen�s a�ccepted <br /> and appl�ed by�ender shall be ap���d�n the fv�I�w�g orc�er of gr��r�ty:(a�in�erest du�und�r the Note;�b]pr�ncipal du� <br /> under th�Note;�c�amaunts due under Section 3.Such payment�sha����ap�Ii�d��ea�h Per�od�c�'a�y�ent u�t1�e order <br /> �n whxc�.��became du�.Any remain�ung am�unts sha�.l be applied��rst to Iate��arges,sec�nd��an���.er am�unts due <br /> ux�der�h�s Secu�ity Instrurn���,and then to redu.ce the�r�c�pa�balar���af the Note. <br /> if��nder xecei�es a p�.���t�r�m Barrov�er far a delix���.e�t�'er�adic�'a�mmen�which in�lu�.es a suff�c�e�.t amount <br /> tv�ay any la�e char�e due,th.e paym�nt ma�be app�ied to the delinquent pa�me�t and the Iate charg�.�f mor�t�an ane <br /> Per�ad�c Payr�aen��s ou�stand�x��,L�nder may app�y an��ayment rec�i��d fr�m Borro�er ta the re�ayment �f the <br /> Periad.�c Paymen�s i�,and�v t�.�exten�th.at,�ach paymen��an 1�e pa�d�n ful�.T��he ex�en�tb.a�any�x�ess exis�s af�er <br /> th�paymen��s appl��d�o�h.e fu��paym�n�vf one�r�Qre P�riadi��aymen�s,such excess may�e appl�ed�o any xate <br /> �k�arge�due.Vo�un�a�y prepa}�x�.�n�s shal�b�app�ied first�o any pre��ynlen�ch�arges and then as descr�bed in the N�te. <br /> .�.n�a�plicati�n of paym�n�s,�nsurance.proc��ds,ax Miscel�ane�us�r�ce�ds to princ�pal due�u�.der�.ae No�e sha�� <br /> n�t extend�r p�stpone the due da��,�r c�ang��e an�oun.�,�f�he Periadic Payments. <br /> 3.�"unds for Escrovv I#ems.�or�ower shall pay�a�end�r�n th�c�a.y Per��dxc Paymen�s are d�xe under the Note, <br /> unti�the N���is paid in ful�,a s�um[�hhe"Funds"}to pr��ide f�r paym�n�af a7maun�s due f�r:�a}taxes and assessmen� <br /> and ath�r i�ems �hi�h �an attain priarity over thi� Securi�y Ir�s#xum�nt a� a lien or encurn.brax�c� on the�'roperty; <br /> �}leas�hald paymen�or gxound r�nts an the Propert�r,�f any;�c)prem�iums fflr any and a11�nsura�ace required by Lender <br /> under Se�tion S;and�d}Nl�r�gage Insurance prem�ums,if a.n�,v�any sums payab�e by��rro�er�o L�nd�r�n lieu of�he <br /> pa�ment of�flr�gage Ins�xr��e�rem�ums in a�c�rdance v��th the prov�sxans of Sec�ion �0. These �tem.s are�a��ed <br /> "���row I��rns." At �ri�uaa�io� ��r a� any time duri�r�.g �.e term of t�h.e �oan, Lender may r�quire �hat Conununity <br /> Assoc�at�an Dues,Fees,and.�ssessxnents,if any,be��cro►�v�d by Barrov�rer,a�d such dues,fees ax�.�ass�ssm�nts shal�b� <br /> an Escrav�r I�em. Barrower sha��pxomp�ly fiurnish �o Lender a�l notices of amoun�s �o b� pa�d u.��.er this 5ect�fln. <br /> Barror�rer shail pay��a�der t�a.e Fur��s far Escro�r Items un�ess Lender vva�v�s�3arrovwer?��b�i�a���n t�pay the Funds for <br /> an�ar a���s�row Items.L�nder may�va�ve BQrrow�r's ob���a�ian tv pay�o�ender Funds for any a�-a��scrvw rter�s at <br /> any��me.Any such wa��v�r m�y orily be in wr��ng.�t��e�ent af such�va�v�r,Barrower shal�pay direc��y,when and <br /> wh.ere payabl�,�he amount�due for aa�.y Escr�w I�e�ms for wh�ch payn�����f Funds has been wai�ed by�.end��-and�if <br /> Lender requir�s, sha�I�fu�nish�v Lender rec��pts �vid,enG�g such payment wi�hiun such tune pe�od as Lender ma� <br /> requ�re.B��xower's�bliga�inn to make such paymen�s and ta pr�vide rece�pts shall far all purposes be deemed�a be a <br /> co�re�.ant and agreemen���nta�n.ed in�his Security I���men�,a�the phr�se"covenant and agree�n�n�"is used in S�ct�on <br /> 9.�f B���w�r is oh�igated t�p�y Escrow It�ms du�:c���,�ursuant to a waiv�r,and Borr��er fai�s ta pay th�amount due <br /> f�r ar�Escr�w Item,�ender may e�ercise��s right�under Sec�ian�and pa�suc�amount and Barr�wer shal��hen be <br /> abliga�ed under Sec�ia�9 to repa�y ta Lender�ny such amaun�.Lender naay re�voke the vva��ver as ta a�a.y or a1I Escrow <br /> ���ms at any time�y a n�tice giv�n in accnrdance vvith Se�t�on 15 an.d,u��n such revoca�ion,Borrower sha�1 p�y to <br /> Lender a�I Funds,and i�x such amou.nts,�hat are the�requ�red und�r�his Secti�n 3. <br /> Lender may,a�any ti�me,col�ect aud hvld Fun�s�n an amount[a�suf`f�czen��o perm�t Lend�r�o appiy th�Funds a�t <br /> �he t�me s�ecified under RESPA,and[b�nat ta exceed�h.e maximum a.m.aun�a lender can require under�ESPA.Lender <br /> s�.a�l es�imate the amount af Funds due on�he basis�f cuxrent�ata and reasona�le estima��s�f expen��tures of futur� <br /> Es�raw Itenas�r otherwis�an accaxdance�vi�h.�ipp�ica��e Law. <br /> `The Funds s�ia�l�be hel�iaa an ins�itut�on whose depQsits ar�i�sured by a fed�ra�agenc�,ins�rumen�a�ity,ar ent�ty <br /> ��nc�udi.�g�ender,if Lender�s an inst�tt�tion v�rba��depas��s are so insur�d��r�any Federa.l H�me Lo�nn�ara�.l�.Lender <br /> s�hall apply�he Funds��pay tb.e�s�row I�tems no later�an th�tinne specified under�SpA.Lender sha��n��c�.arge <br /> Borrov�er for ho�d�ng and agplying the Funds,annually ana.���.ing the es��row ac�aun�,or v�rifyxn�the Es�rc�w�ten�ss <br /> un�ess Lender pays B arrawver u�terest on��e�unc�ss aud Appl�cab�e Law�ern�%�s Lender to mak�such a charge.Unless an <br /> agx��m.en��s mad�ir�.wr��ing or Applicable La�r requ�res i�a.�eres�to�e pa�d o�#.�e�'unds,Lex�der s�all no�be required�o <br /> pay SQ�ro�er any interes�ar��.rn.�.ngs on the Fund�.B�rro�rer and L�nder can�.gree in wr��ing,hav�r��rer,�hat interes� <br /> shal�be pai�.fln the�`unds.L�nder sha��gi�e�o��rrov�er,�nr�thau��har��,a�a annua�acc�unt�.ng o�the Funds as r�quixed <br /> by R.ESPA. <br /> NE�RAS�A�Sing��Family-�annie�aelFredd��Mac�N�FC�RM lNSTRUMFNTwi�h M�S F�rrn�� � f <br /> Page 4 vf�� ` �� <br /> �Qs,��c. Bar�ower�s}Initia�s � <br />