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, � <br /> 2� 1 ��4�39 <br /> L�AN #: DC5QNBSQ413971'� <br /> Z. ��pl�cat�an of IPa�r��r�t� vr I�ro���d�. �xc�p� �.� a�her�nri�� d�scribed �n thi� S���i�n �, a�l <br /> payments acc�p��d and ap�Oli�� by L�n��r�hall b�e ap��ied �� �he fo�l��ving �rd�r��priorit�: ��� inter��t <br /> due un+�er the l�at�; �b} principal du��r��der th�No��; �c}amaur�ts du�un�er�e��ian 3. �uch pay�nents <br /> sha�l b��pp�i�d to each F'eriodEc Pa�rn�n�in�he a�d�r in�rhiGh ���ec�m�du�.Any r�rnaining anr��ur��� <br /> sha�i �� a�plied f�r��fi� ���e �h�r�es, secand to �n} o�her�maunts du� und���h�� 5e�ur��� I�s�rurr��r��, <br /> and ther� �o r�d����he princ��al �alan�� of�h� N���. <br /> !f Lend�r rec�iv�s a payment fr�� Bor���er f�r a d�lir�quen� Periodic Payrnent �hich incl��e� a <br /> s�f�ic�en�amount to pay�ny I�t�charge d�e,fif��paym���may b�applied�o�h�delinq�����aym�����d <br /> th�I��e�harge.If n�ar��h�n on���ri�dic P�yr�en�i���tst�ndin�,L�nder may�p�l��r�y payr�er��r�c�i�ed <br /> fro����row�r�o th�r�p��ment of fhe P��iadic Pa�rn�n�s if, and�o f��ex�en#�h�t, e��h p��men���n be <br /> paid in ful[. ���he�x��ent fihat any e��ess exis��after�he pa�r��n�i�appli��to fih�f�af���ym�r��of o��vr <br /> r��r� Peri�dic F'aym�n��, su�h exc�s� �ay �� a��li�d�a an� ���e c�ar�es due. ��l�n�a�y �r����nr�ent� <br /> shall be applied firs��o an� prepayn�er��charges and fihen as desc�ib�� in �h� Na�e. <br /> Any�p�licati�n of pa�men�s, i��ura�ce proc�ee��,a��li�c�ll�n�aus Prace�ds�o princi��f d��ur�d�r <br /> �h� �lo�� ��al� no�����n� ��po��p�n�th�du� da��, ar ch�n�e the amount, af t�� ��r�adic Paym�nfs. <br /> 3. F�ndls�'ar E�cr��r Item�. Barro��r shall p�y�� Lender on�he da� l��riodic�ayr�nents ar�du� <br /> und�r�h� No��, until�h� Na�e i�p�i� in ful�, �s�m ��he"Fun�s"}to �rovid�far�a�m�nfi o��rr�o�nt�du� <br /> far: �a}�axes a�d ass�e��men�s and��h�r items�rhi�h c�n a�ain pr�o�i��auer this����r��y Instru��r���� <br /> a �ien �r�n�umbr�nc��r� �he Pr�per�y; ��} ��a�ehald pa�m�n�s or graur�d ren�s on tF�� Pr�p�r�y, if�n�; <br /> �c} pr��i�ms for�ny and all i��ur�n��req��red b}�L�nde�u�der��c���n�; ar�d �d}�Ilortga���r��ura��� <br /> premiurns,if an�,Qr�n�sums paya���b�B�rro�rer�c�L�r�der in iieu of�ne pa�men�of Itllor�gage���ur�nce <br /> prem�ur�ns in accard�nce�vith tf�� pravi�i�n� �f�ec�i�n ��. Th�se it�m� ar� �a�l�d "E��ra�r I�em�."�� <br /> ari�ina�i�r� or��ar�y t�me dur�nc� �����rm of�he L�o�n, Len�d�r m�}� require t����arnmunity�s�ociati�� <br /> Qu��, F��s, and As����ments, if arr�, be�s�ro�,rved��Barra�ver, and s�ch du�s,fe��and asse��r�ent� <br /> sha�l��an��c�ow i�em�.��rra�ver shall pr��ptly f�rni�f��o L�nde�a�i n�����s af amoun�s�a be paid ur�d�r <br /> ��is Sec�ian�. �3o�ro��r�h�l! p�� L�nd��th� Fund�for��Gro� I#�ems unf�ss �.end�r vv�i��� �orrov�r��'� <br /> ablig�fiion�a pa�tn� Fun�s for an����II Escro�����n�. Lend�r rr�ay v�r�ive Barr��er's abli�afiian tv pa� <br /> to L�nd�r F�and�f�r�ny�r all Esc�a� �tem�at an����e.�ny such�aiv�r may or�l�be i���i�ir�g. In �h� <br /> even� ofi�uch �aE�rer, Ba�ro�e�shal� ��� dir�ctiy, r�h��n and �nrhere pay�ble, t�e amo�r�ts du� far �n� <br /> �s�rovRr I��ms for�hiGh p��rn�n� �f Fund� h�� �een ��i��ed by Lend�r �nd, if L�nder r�qu�r��, �ha�l <br /> fu�nis� to L��d�r r�ec��pts e�iden�ing suc� pa�m�n� �ri�hin �uch tirn�e p�riad �s Lender rr�ay r�quire. <br /> Sarr��rer's obl�g�tion�a mak�such �aym�n��ar�d �Q pravid�r�c�ip��s�ha�l f�r�II purposes b�d�e�ned <br /> to b� � �ovena�rt and ag�e�n�ent co��ained in �his 5�cur[t� Inst�u�n�nt, a� th� phrase "�ovenant and <br /> agre�nn�nt�' i� used in Sec���n �. If B�rr-ov��r is oblig���d �a pa� Escr��r l��ms direc�ly, pur�u�n� to a <br /> �vai�er, ar�d Borr�wer f��ls �� pay the arr�ount duc f�r �n Es��ow �t�m, Le�d�r rr��y ���r�ise i�s right� � <br /> under��c�i�n 9 �nd p�y su�h amo�n�and B�rrowe��h�l� �hen �e o����a�ed und�r���tion 9 �a �epay <br /> �o Lende��n�such amaunt. L�n���m�y r�v�k��h��v�iver�s t�any or aC[ �s�r�vv I�em����n�tim� by <br /> a r����c� g�ven �n� ac��rdanc�v�ith ��c��on �5 ar�d, up�n su�h revoca��on, �orro�e�shall pa��o L�r�d�r <br /> �II Fund�, and �n sucM ann�unts, that�r�th�n requ�red under fihi��ecfi�on 3. <br /> Lend�r m�y, ��any�im�,�ol��c�ar�d ho�d Funds in�r�a�oun�����uf�i�c��nt t�p�rm��Lende��o app�Y <br /> the Fund�at����ime spe�i���d under RESF��, and �b�n�o��o�xcecd���rn�ximum�r�oun�a I�nd�r c�n <br /> requ�r� u�d��R.��P�1. Lender��all e�tim��e���amoun�of Funds due on�h� b�sis of��rr�n�data�n+� <br /> ���sonabl�es�ima�e��f�xpendi�u�e�of fu�ure Escro�r I�em�ar o���rr�ris��n a����d�n�e wi��Ap�lic�b�l� <br /> L��. <br /> Th�Funds sh��!be�e�d in�n�n��itution�hase d�p�si�s�.r�in�ured b}�a f�d�ra��g�nc�,in��rum�nt�li�y, <br /> �r en���� ��n�l�din� Lend�r, if L�nd�r i� an ins�i�ution �hos� dep��i�� ar� so insur�d} ar in �n� ��d�ral <br /> ��me Lo�n Bank. L�nde�sha�l appl��he F��ds t�p������scrvw���rn�n�lafier fhan�h��i�n�sp�ci�i�d <br /> �nder RESP�.. Lender shal��a�ch�rge Borr���r f�r ha�ding and app�ying���Funds, ��n�a�i�anal�zing <br /> �he �scrow�cc�u��, or verifying�he Escrow It�m�, un��ss L��der pa�s B�rra��r in�er�s��n�he F�r��s <br /> and�pplic�b�e L��r p�rmi�s L�nd�r�� mak��u�h � charge. L1nl�ss an agr��rr��n�is m��� in�rr��ing �r <br /> Appli�able Lav�requi���int�r��t�o b���id on the F�nd�, Le�d�r s�al� no�be r�q�€red tv p�� �3�rrovver <br /> any�ntere���r��rning�on th�Funds. �3�rra��r��d L.end�r�ar� agre� in�ritin�, h��ever, ����ir���r�s� <br /> s�all b� pa�d �on ��� Funds. Lend�r�hall g�v��� Bor�o��r, �i�hout charg�, an �n�nuaf a��ou�rtin� ���he <br /> Fund�a� re�uire� �� RES�'�. <br /> If�here is a �u��lus �f Fund� ��id in �sc���, a.s d��in�d �nder ��SPA, L�nder sh�ll ac�vur�� to <br /> Ba�ra��r�or the��c��s fun���n accor��nce�rvi�h ��SP�. If t�ere is��hort�ge�f Fur��s he��in e�cr��, <br /> �s defined ur�der RESPA, Lender sha�f n��i�Bor�a��r as re�ui��d b�RESF'A, and E�orrvwer�hal�pay�o <br /> Le�d�r�he amount n�cessary��make up�he�ha��g�����cardan���ri�h �E�PA, bu�in no��r��han <br /> �� mon�hly pa�m�nts. If th�r�is a defi�ien��of Fund�h�fd in�scra�r, ��d��in�d under��SP�, �.�nde� <br /> shall ��ti�y �a�ra�r��as r�q�ir�d b� F:E�F��r, �r��d �orro�ver shal� pay �a L�r��der th� am�aun� n�c�ssary <br /> �o make up��e de�i�i�ncy in �ccor�ance�i�h �ESPA, bufi in r�a m�re�han �2 m�n�h�y �a�menfis. <br /> '�pon paym�r�t rn fu�l of all sums��cur�d by�his�e�u���� Ir���rume��, �.en�d�r�hal� p�annp�[y r��und <br /> fia Ba��o��r a�y Fur�d� hel�d �y L�nd�r. <br /> 4. ���rg�s; Li�ms. �orro�er s��ll pay a�l �a�c�s, �sses�men�s, �har���, fin�s, a�d impo�ifi�ns <br /> ��tribu�a�[e�a the Pro�er��rhi�h �an ���a�n p��arifi� ov�r this ��curi�y �nstrum�r�f, le�s�hald �aymen�� <br /> NEBRA�KA--��ng[e Fam�ly--Fannie i���lFredd�e i�����I�OR�ff��TRUMENT Form 3Q�8 11�� <br /> Ellie Mae, lnc. Page 4 of 11 NEEdEED �3�5 <br /> NEE�EED�CLS} <br /> 461�31��1�09:12 AM PST <br /> �. . <br />