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2� 1 ��5398 2. App�icationvf Payments or Proceeds.Except as expressly stated ath�rwise in this S�curity Instrument or the Note,a11 payments accepted and applied by Lender sha11 b�applied in the following order af priority: First,t�the Martgage In�urance premiums to be paid by Lender to the Secretary or the monthly charge by the S�Gre�ary�nstead of the monthly mortgage insurance premiums; Second,to any taxes, specia�assessments, leaseho�d payments ar ground rents,and fire, flood and other hazard insurance premiums,as required; Third,to interest due under the Note; Fourth,to amorti2ation of the principal of the 1�Tote;and, Fifth,to late charges due under the Note. Any application of payments, insurance proceeds,or Miscellaneous Praceeds to principal due under the Note sha11 not extend or postpone the due date,or change the amount,of the Periodic Payments, 3. Fundsfor Escr�w ltems. Borro�ver sha11 pay t�Lender on the day Periodic Payments ar�due under the Note,until the No�e is paid in fu�l,a sum(the "Funds"�to provide for payment of amaunts due for: (a}ta.xes and assessments and other items which can attain priority over this Security Instrument as a��en or encumbrance on the Property; (b} leasehold pa�ments or ground rents on the Property, if any; (�� premiums f�r any and al1 insurance required by Lender under Section 5;and(d)Mortgage Insurance premiums to be paid by Lender to the Secreta.ry or the m�nthly charge b��he Secretary instead of the monthly Mortgage Insurance premiums. These items are called"Escrow Itenr�s."At originatian or at any time during the term of the Loan,Lender may require�hat Gommunity Assaciation Dues, Fees,and Assessments, if any,be escrowed by Borrower,and such dues, fees and assessments shall be an Escraw Item. Borrower shall promp�ly furnish to Lender all no�iees of amounts to be paid under this Section. Borrower sha11 pay Lender the Funds for Escrow Items unless Lender�vaives Borr�wer's abligation to pay the Funds for any or all Escro�u Items. Lender may waive Borrower's obliga�ion to pay to Lender Fund�for�.ny or a11 E�crow Items at any time. Any such waiver may anly be xn�vriting. In the event of such�vaiver, Borrower sha11 pay directly,when and where payable,the amount�due for any Escraw It�ms for�hich payment of Funds has been wai�ed by Lender a�d, if Lender requires, shall furnish to Lender receipts evidenc�ng such paym�nt within such time period as Lender may require, Borro�ver's obligation t�make such payments and to provide receipts sha�� for all purposes be deem�d to be a ca�enant and agreement contained in this Security Instrument,as the pbrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow�tems direct�y,pursuan�to a waiver,and Borrower fails to pay the amount due for an Escro�v Item,Lender may exerc�se its r�ghts under Section 9 and pay such amount and Borrower sha11 then be obligated under Section 9 to repay to Lender any such amount. Lender may re�oke the waiver as to any�r all E�crow Items at any time by a notice given in accordance�vith Section �4 and,upon such revocation, �orrawer sha11 pay to Lender all Funds, and in such amounts,that are then re�uu-ed under this Section 3. Lender may, at any time, coll�ct and hold Funds in an amount(a)sufficient ta permit Lender to apply�he Funds at the time specified under RESPA, and�b)not to exceed the maxirnum amount a lender Gan require under RESP�. Lender sha11 estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. FHA Deed of Trust Wit�MERS-NE 913QI2�14 8ankers Systems�+�+ VMP� VMP4N[NE)(15flfi}.4Q Wolters Kluwer Financial Services Page 5 of�7 qa3359�03143 �233 419 4517