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2� 1 ��5994 2. Appl�cat�onaf Payments or Prc�ceeds.Except as expressl�stated otl�erwise in this Security In.strument or the l�ote,a11 paymen�s ac�epted and applied by Lender shall be applied in the following ord�r of priorit�r: First,to the Mortgage Insurance premiums to be pa�d by Lender tQ the Secretar�r or the moathly charg�by the S�cretar��nstead of t�.e monthly mortgage in.�urance premiums; �econd,to any taxes,special assessments, lea�ehold�ayments or grou�d rents,and fire, flood and ather ha.za.rd insurance prenuums,as r�qu�r�d; Third,to i�.tere��due under the�ote; Fourth,t�am�rti.�atian of the principal of the Note;and, Fifth,to�ate charge�due under�he Note. An�r application of payments,insurance proceeds,or Miscellaneous Proceeds tv principal due under the �at�sha11 not ext�nt�ar pastpone the due date,or chang�the arr�oun�,vf the�e�i�dic Pa�rr��n.ts. 3. Fundsfo�Escrvw Items.Borrower sha11 pay to I�ender on the day Periodic Pa�ments are due under the Note,unti�the Note is paid�n ful�,a sum(the"Funds")ta pravid�for payment of amounts due for: [a}�axes�nd assessment�and other items which can attain priarity aver thrs Security Instrument as a lien ar encumbrance on the Property;(b}leasehald payrrYents or�round rents on the Property, if any;(c) premx�ms�or any and a��insuran�e�eq�ired by Lender under Sect�on�;and�d�N�artgage I�.surance premiums to be paid by Lender t�the Secretary or the monthl�charge by the�e�retary ins�ead af the month�y Mortgage Insurance pre�niums. These items a�re called"Escrow Itenr�s."At orig�nation or at any time during the term of the Loan,Lender may require that�ommunity Association i�ru�s,Fees,and Asses�ments, if any,be escrowed by Borrawer,and such dues,fees and assessments sha11 be an Escrow Item,Borro�ver sha11 promptty furnish�o Lender all notices of amaunts to be paid under�his Section. Borra�v�r shall�ay L�nder the Funds for E�cro�v Items unless Lender vvaives Borrower`s obiiga�ion ta pay the Funds far an�r or a11 Escrow It�ms. Lender may wa�ve Borrower's obligat�on to pay to Lender Funds for any or a11 Escrow Items at any time.Any such�vaiver may only be in writing.In the�vent of such waiv�r,Borrawer shail pay directly,when and where payable,the amounts due for any Escrow Items for which payment of Funds has been wai�ed by Lender and, if Len.der requires,shall furnish to Lender re�eipts ev�deneing such gayment within such time period as Lender may require. Borrower's ob�igation ta mak�such payments and to provid�recei�ts sha11 f�r a�1 purpo�es be deemed to be a covenant and agreement contain�d in this Security Instrume�nt�as the phrase"covenant and agreement" is used in Sec�ion 9.If Borrower is obligated to pay Escrow I�em�directly,pur�uant to a waiver,and Borraw�r fails tn pay the amount due for an Escrow Item,Lender may exercise its rights under Sectian 9 and pa�such amount and Bonower sha11 then be obligated under�ection��o repay to Len.der any such amount. Lend�r may revoke t�e warver as to any or a11�scrvw Items�t any t�m�b�a�.�tice g��en�n. accordance�ith Section 14 and,upon such re��cation�B�rr�wer sh�l�pay to Lender all Funds,and in such amounts,that are then required under this Sectian 3. Lender may, at any time,col�ect and hold Funds in an amount(a)sufficient t�permit Lender tt�apply the Funds at the time specified under RESPA, and(b)not to ex�eed the maxi.muxn amount a lender can r�quire under�.E S�A. Le�der s�a�1 estYr�ate th�arn€�u�.t of Fu�as du��n the bas�s of curr�nt data and Feasonab�e estimates of exgenditure�of future Escrov�Items�r other�vise in accordanc�with App�icabl��aw. FHA Deed af Trust With MERS-NE 9134/2414 Bankers 5ys#ems'� VMP� VMP4N�NE��15(}fi}.00 Wolters Kluwer Financlaf Senrices Page 5 of 17 q43354�3a997 �233 572 �517