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2� 1 ��2323 Laa,n current,without wai�er of any rights he�eunder or prejudice to its rights to refuse such payment�r partial payments in the future,but L�nder is n�t obl�gated t�apply such payments at the time such payments are accepted.If each Periadic Payment is applied as of its sch�dul�d due date,then Lenc�er n�ed not pay interest on unapplied funds.Lender m�.y h��d such unapplied fund�unti�Barr�wer makes � paym�nts ta bring the L.�an curr�nt.If Barrower d�es not do so v�ithin a reasonable period of time,Lender sha��either apply such funds or return them to Borrower.If not app�ied earlier,such fund5 wi�l be appli�d to the outstanding principal balance under the Note immediately prior tn f�reclosure.No offset or claim � wh�ch Bnrraw�r might ha�e naw�r in�he future against Lender shali relieve Borrovver from making ' payments due ur�der the Note and this Security Instrument or perfnrming the co�enants and agreements � secured�y this Security�nstrument. , Z. A li�at�on of Pa m�nts or Proceeds. Except as otherwise des�ribed in this Secti�n 2,alI . PP Y � payment�a�cepted and applied by Lender shall be applied in the fo��owir�g order of priorifiy:(a} interest � due under the Note;(b}prin�ipal due under the Note; [c�am�unts due under Sect�an 3. Such payments � shal�be applied to each Periad�c Payment in the order in which it beca.me due.Any remair��ng amaunts � shail be a lied first to late charges, se�ond t�any other arnounts due under this SeGurity Instrument, PP and th�n t�reduce the prin�ipal balance af the Note. If Lende�r recei�e�a a ent from Barrower for a delinquent Periodic Pay�ent whi�h inc�udes a sufficient P Y� amount ta pay any�ate charge due,the payment may be app�ied ta the d�linquent payment and the �ate charge.If more than ane Periodic Payment is outstanding,Lent�er may apply any payment rece�►ved from B�rrovver to the repayment af the Per�adic Payments if,and to the extent that,each payment car�be paid �n full.Ta the extent that an�ex�ess exists af��r the payment�s applied to the ful�payment of on�or rr�ore Period�c Payments, such excess rnay be applied to any Iate�harges due. V�lunta�y prepayments � sha�l be appl�ed f�rst to any prepayrnent charges and then as descr�bed in the Note. � Any application�f payments,insurance pr�ceeds,�r Miscel�aneaus Praceeds to principal du�under�he ��.� �� N�te shal�not ex�end or postpvne�h�due date,�r char�ge the amount, of the Per�odic Payments. � 3. F u nds for Escraw�tems. B�rrov�rer shall pay to Lender�n the day Per�adi�Payments are due under the N�te,until the Note i�paid in fuli,a sum(the"Funds"�to pro�ide for payment of amounts due fvr: (a]taxes and assessrnents and other�t�ms whi��can attain priarity o�er this Security Instrument as a l�en or en�umbrance on the Property;[b]leaseho�d payments or ground rents on the Prapertys if any; �c}premiums far a.ny and all i.nsurance required�y Lender under Section S;and�d}Mart�age Insurance prernium5, �f any, or any sums payable by Borrower to Lender in lieu nf the payment af M�rtgage Insurance premiums in accordance with the pro�isions af Section l�.These items are calied "Escrov�r Items."At�riginati�n or at any tim�during th�term of the Loan,Lender may requ�re t�at�ommunity . � Associati�n Du�s, F��s,and Assessments, if any,be�scrowed by Borrower,and such dues, f�es an� � ; assessments sha�l be an Escro�v Item.Borrow�r shall prvmptly furnish to Lender all notices af amounts � �, t�be paid und�r this Se�tion.B�rrower shall pay Lend�r the Funds far Escrow Items unless Lender wa.i�es B�nrower's abligatian tfl pay the Funds for any or all Es�raw Items.Lender may wai�e Borrower's obligation to pay to L�nder Funds f�r any or al�Escrow Items at any time.Any such waiver may only be in writing.In txie e�ent of su�h wai�er,Borrower shall pay dxrect�y,when and where p�yable,the am�unts due f�r any Es�row Items for whi�h paym�nt af Funds has been wai�ed by Lender and,if Lender requires, shall furnish to Lender receipts��idencing such p�y�ent within such time period as Lender ��ss�aosa ��ns v�� .. Vlblter�Kluwer F inancisl S�rvioes 201 F,�4�T�5.�,�.3112,12�i 51124Y �nitia�� Page 4 vfi 9 7' , •