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2� 1 �� 1 � 19 2. App�i�ationof Rayments or Praceeds.Ea�cept as expressly stated otherwise in this Security In.strument or the Note,all payments accepted and applied by Leader shall be appli�d in the fallowing nrder of priority: Fust,to the Mortgage Insurance prem�ums to be paid by Lender to the Secreta.ry�r the monthly charge by�he Secretary inst�ad of the monthly martgage insuranee premiums; 5econd,to any taxes,special assessments, leasehold payments or ground rents,and fire, flood and other ha�a.rd insurance prem�ums,as required; �'�.ird,to in.terest�ue under the�TQ��; Fourth,�v amorti�ation of the principal 4f�he Not�;an�, Fifth,to late charges due under the Note. Any applicat�on of payments,insuranc�pxaceeds, or Misc�llane�us Proceeds to principal due under the Not�sha��n��extend or gvstpvn.�the due date, or change the a.mountg of�he Periodic Paym�nts. 3. Fundsfor Escrow Items.Borrower shall pay to Lender an the day Periodic Payments are due under the Note,untit the N�te i�paid in fu11,a sum t�he "Funds")to pro�ide for payment of amounts due far: (a�taxes and assessmen.ts and other items which can attain priority over this Security Inst�um�nt as a lien or�ncumbrance an the Property;(b)leasehold payments ar ground ren�s on the�'roperty,if any; (c} premiums for any and al�insurance required by Lender un�er Section S;and(d�Mortgage Insurance premiums to be paid by Lender to the Secretary or the mon�hty cha.rge by the Secretary instead of the monthly Mortga�e Insurance premiums. These items are called"Es�ro�It�ms."At ariginatian�r a�any time dur�ng the terrn of th�Loan,Lender may require that Communi�y Associati�n Dues,Fees,and Assessments, xf any,�e e�crowed b�Borrower,and sueh dues, fees and assessments shall�a�an Escrow Item. B�rrower shall pr�mp�ly furnish to Lender all nfl�ic�s of amounts to be paid under this Section. B�rrotiver sha��pay Lender t�.e�unds for�scr��v��ems ur��ess£�e�der�a��s Borr��er's ob��gat�on to pay the Funds for any or all Escro�v Items. Lender may waive Barro�rer's�bl�gation to pay ta Lender Fund�for any or aIl Escrow It�ms at any time.Auy such waiver may only be in wr�t�ng.In�he�vent of such waiver,Borro�er shalt pay directly,when and where payable,the arnaunt�due for any Escraw �t�ms far v�hicb payment of Funds ha�been�vaived by Lender and, if Lender requires, shal�furnish to Lend�r receipts e�idencing such payment w�thin such time period as Lender may r�quire. Barrawer's ob�igat�on to mal�e such payments and to�arovide receipts shali for a�i�urposes be deemed to be a co��nant and agreemen�contained in this Security Instrument,as the phrase "c�v�nant and a�eement" is used in Section 9, If Borro�er is abligated to pay Escrvvv It�ms directly,pursuant to a waiver,and Borrower fails to pay the amount due far an Escro�v I�em,Lender may exercise its rights under Section 9 and pay such amount and Borrower sha11 then be ob�igated under Sect�aa 9 to repay to Lender any such amount.Lend�r ma�r revoke the wai�er as to any or all Escrow Items at an}�time by a notice given in accordance with 5ection 14 and,up�n such re�ocation,B�rrower shall pay to Lender all Funds,and in such amounts,that a.re th�n required un�ier this Section 3. Lender may,at any time,col�ect and hold Fund�ia an arnount(a}sufficien�t�permit Lend�r ta apply the Funds at the time�pecified under RESPA, and(b}nt�t to exceed the maximum amaunt a lender can requue under RESPA. Lender shal��stimate th�amount�f Funds due�n the basis of current data and reaso�nab�e estimates of expenditures af fu.ture Escrow Items or otherwise in accordance with Applicable Law. FHA Dead af Ttvst Witf�MERS-NE �3412�14 ga�kers Sys#emsTM VMP� VMR4N�NE}�75Dfi).44 Wolters Kluwer Financial Services Page 5 of 17 q�3351367258 ��33 348 0517