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2� 1 ��837 �. Applicatianof Payments ar Proceeds.Exc�pt as expressly stated otherwi��in this Sec�rity Instrumen�or th�I�ote,a11 payments acc�pted and applied by Lender shall�e applied in th�following order of prior��y: First,to the Mortga�ge Insurance premiums to be paid by Lender to the Secre#ar�ar the manth�y charge by the Secretary instead of th�manth�y mortgage insu.raace premiums; Secand,ta any taxes,special ass�ssments, leasehold payments or gr�und rents,and fire, flood an� other haza.rd insurance premiums,as requued; Third,to inter�st du��under�he Not�; Fourth,to am�r�iza�ivn of the�arincipa�of the N�te;and, Fif�h,to�ate charges due und�r th�1�Tate. Any appl�cation of payments, insurance proceeds,or M�scellaneous Proceeds to prin�ipal due under the Not�shali not extend or postpone the due dat�,or change the amount,of the Peri4dic Payment�s. 3. Fundsfor Escraw Items.Borrower shall pay t�Lender on the day Periodic Payments are du�under the Note,until th�Note is paid�n ful�,a sum�the "Funds"}to provide for pa�rnent of amoun�s due far: (a}taxe�and assessm�nts and other items�hich can attain priori�y over this Securit�Instrurnen�as a�i�n �r encumbrance an the Praperty;�b)leaseh�id payments or ground rents on the Property, if any; (c} premiums far any and all insurance required by Lender under Section 5;and[d)Mortgage Insurance premiums to be paid by Lender to�h� Secretary ar the monthly cha.rg�by the Secretary instead of the monthly Mor�gage Insurance premiums. These items are called"Escro�v Items."At originatian or at any t�m�during the term of the Laan,Lender may require that Cammunity Associat�on I3ues,Fe�s,an� Assessrnents, if any,be�scrowed by Barrotiver,and such dues, fees and ass�ssm�nts sha11 be an Escro�v Item. Borrower sha11 promptly fiurn�sh t�Lender all notices of amounts to be paid under this�ect�an. Borrow�r sha11 pay Lender the Funds far�scro�r Items unless Lender waives Borrower's abli�ation to pay the Funds for an�or a1�Escraw Items. Lender may waive B�rrawer's obligation to pay tQ Lender , Funds for any or al�Escraw Items a�any tim�.Any such waiver ma�onty be �n�riting.In the event of such waiv�r,Borrc��er sha11 pay directly,when and tivhere paya�le,the amounts due for any Escrow �tems for which payment af Funds has been waived by Lender and,if Lender requ�.res,shal�furnish t� Lender receipts evide�Ging such payment within such time period as Lender may requ�.re. Borrower's obligati�n to make such pa��nts and��ro�id��eceipts sha11 for a11 purposes be deemed to be� cavenant and agreement c�ntained in�h�s Security Instrument,as�he phrase "c�venant and a�reernent" �s used in SeGtion 9. If Borrawer is obligated to pay Escrow Items directly,pursuant��a wa�ver,and Borrower fails t�pay the amount due for an Escro�v Itern,Lender may exercise its rights und�r Section 9 and pay such amount and Borrower shall then be obligated under Section�to repa�ta Lender any such amount, Lender may revoke the�ra�ver as to any�r all Escro�Items at any t�me by a notice giv�n in accordance wi�h Sec�ion 14 and,upon sueh revocatit�n.,Borrower shail pay to L�nder all Funds,and in su�h amounts,that are then required under this Section 3. Lender may, at any tim�, collect and ho�d Funds in an amount(a}sufficient to perm�t Lender to app�y the Funds at the tim�specified under RESPA, and�b)not to exceed the maximum�.mount a lender can require under R,�SPA.Lender shal�estimate the amouat�f Funds due on the basis of current data and reasonable estima�tes of expenditu�es af�u�re�s�ro�Ite�s or otherwise in accordance vvitl�Applicalal��.aw. . FHA Deed of Tnast With MERS-�NE 91301�14 Ban�cers Syst�ams� VMP� VMP4N[NE)�154B).4� Wolters K1w�er Fir�ar�cial Services Page 5 af 9 7 q�3349844171 4�33 386 Q517