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2� 1 ��7218 <br /> 2. �4pplicat�onof Paym�r�ts or Proceeds.�xcept��s other�ise described in this S�ctiat�2, ati�ayments <br /> accepted and applied by�er�der shall be applied in the follo��vic�g a�'��1 Uf�}11E�llf�; �a} int�re�t duc�xndcr the <br /> Nate;�b�-principa�d��e under the I�iote; (G}arna�7nts di�e under Sect�io�7�3. 5��ch�aymet�ts shalt hc�app�red to <br /> eac:h Perio�ic Pa�ment in th�order in wh�ch it be�am�d�te. Any remainir�g aina��n�s shal�bG applied first�c� <br /> late charges, scGand to any othe�ai�no�znts due rzr�der this Security Ins�r�x�Yl�nt, and th�n t� red���;�th� <br /> pri��cipal ba�ance of the�1ote, <br /> Zf Ler��er receives a payrx�ent fror�l�3orr���ver�ar�dcli�Yq��e��t Periodic �'ay��ri���t�v�iic�� i���•l��d�s a stYffic;i�i�t <br /> am�un�to pay a��y lafe char�e d�r�,the pay�nent may b�appli�d ta th�;del�n��ren�payment and the late <br /> c��ar�e. If�r�are t��ax�Q��e�'eriodic Pay�rae��t is o��tsta��di�a�, Le�zder iriay apply aray pay�lx�i�t rece��ed Trorr� <br /> Borro«�r to the repaym���t�o�'the�'eriodic Payme��ts if, a�-�d to the extent that, each paymc��t can bc paid in <br /> fii�l.To t�ie extent that'a��iy excess exi�ts after�he payrriei�t is applied to t��e ful�payrne��t af otze ar rriore <br /> Pcriodic Pa.ymcn�s, st�ch cxccss may bG applicd to any latc cha�r�cs d��c. Voi��ntary prcpaymcnts shall bc <br /> app�ied first�o a��y prepa�rxierit c��ar�es and f��era as descr�be� ira���e 1�Tote. <br /> Ariy a�piication of payments, ins�xra��ce proceeds,�r;Vlisce�l�neous�'roeeeds t�p�i��cipal dx���x��d�r ihe Note <br /> shall no�extend�r pos��o�1e the due da�e,or char�g�the a1-not���t,o�thc�'eri�dic �'a�mct7ts, <br /> 3. Fundsfor Eservw��err�s. �3oi-rawer s��al�pay to �.er�der oi� t�ie day�'eriodic: �'ay�ric���t�a�•�d��e �����der t��c <br /> Nat�,�tntil�hc Not� i�paid in fi�ll, a s�i1n(thc "�'t��1d�"}tQ pro�idc to�•p�ymc��t ai`���n�ui�t�dt�� �o�•: (a) ta�cs <br /> and assessments and other i#ems which can attain pr�ority over this��c��rity Inst�•�zmen�as a liei�ai• <br /> ��c��mbrancc on thc Praperry; �b} lcaschold p�.ymc��t�s or gra��nd rents on thc ��roperry, it�a��y; (c�Prcmi��rns <br /> for any and all insurance re�uired by Lender�Yn�er�ection 5;and (d}Mort�age Insrtx•ar�cc premiums, if��t�y, <br /> or any sums payablc by F3orrow�r�o Lcndcr i�� lic��of t�hc paymc�7t�af M�rt�ga�;� Inst�r�r�cc prcmi��ms in <br /> accordance��it�h�he pravi�ions of�'e�t.ion 1�, rI'hese iterns are called "�:scro���tcros."�1t ari�;ination or at <br /> any tim�d��ring�hc tcrm of thG Laan, Lei�.dcr may rcy�yirc tha���mm��nity�=��sociatian �]t�cs, ��cs, and <br /> Assessments, if any,b�escro��ed by Bor�ro�ver,and s�rch dues, fees and assesstnen�s sha 11 be an F scro�v <br /> Item. Borro�ver sha11 promptly f�urriish to Le��d�r a�l ��otices o�amounts to be paid��nder this Sec�io�. <br /> Borro��ver sha11 pay Lender the Ftinds for Escro�v Itei�ns«nless Lcn�er�vai��cs�3orro�tvez's obli�;a�ion to pay <br /> thc F��nds far any or a1l Escro�v�tc�ns, Lc�.�.d�r may t�aivc�3�i7•owGi•'�obli�at�ioY�to pay t� L�c��dc�-��i�i�ds t�r <br /> any or aIl Escrotiv Ite�ns a�:a�1y time. �ny sut'h wai���r 1�nay o�ly be i���vri��in�. I�1 th� cue��t ot such�vai�t�t�r, <br /> Borrower shall pay dire�tly,�vhen and wher� payabl�, t�e alno�zr�ts d�Ye for any L�crc���r Ite�ns for�vhich <br /> payment�f run��has be�ia waive�i by L�n�er anci, if Lent��r r�uui�•G�, 5ha11 f�irriis��tc� �.�n�ler rc;�Gipts <br /> e�idenc���sueh payment withi��such time period as Lei�der rnay require, �3orra��er's obligation to mak� <br /> ���ch payments a�zd tc�prUvic�e recei�ts 5ha1� f�r�l� p��rpc�ses be c��emc�c�to be a cc�venar�t ana a�;r�e�-n�;nt <br /> con�ained ir�this Security Instru�n�nt.,as th�phrase "co�er�a��t ar�d a�reei�nc���" is us�d in Sectiora�. If <br /> $orrow�r is ob�i��.��c���pay Es�:r�w It�ms�ire�tly,pur�uanti tt�a waiver, ai��l�c�n��ver fails tc�pay the <br /> amount due for an Escrow�te�n,L���der may exerc i�c it5 ri�;ht�trnder�ec:tic�n�ai7d pay s�t�;h amount a��d <br /> BUrrUtiv�r�hall then b�obli�ated�tndcr S�ctic�n�tc�rt;pay to Lcrid�r a.i�y suc:�i arnc��a��it. L�X��Gr m�y re��c�kc� <br /> the waiver as�o��ay or al1 Escrow��ems�t�ny tim� hy a��otic;e�i�ren in accc�rd�r�cc �v�th 5c;ct�c��� 15 ar�c�, <br /> up�n such revUcatii�n, ��z�c�wer��ial1 pay t� ���;nc��r�ll I���r��Is,ar��i i���t�c���a�Ti�t����5, t��at a�-c; ����rl r����irc;s� <br /> tYnder this Se�tion 3. <br /> Lender may,at any time,collec�ax�d hold�`tinds iri an a�-no��nt(a}���fticieF�t to per�r�it L�en�cr t�apply t�c <br /> Fu�ads at the time specttied u��der RESPA, a�ad�b}��ot to ex�eed�he tnaxirnum a�no��nt a Icndec���a r�q��ir� <br /> under R�SI'�. Lender sh�il estimate the amou��t of Funds due on the basis of cu1-rcnt data and r�asot�able <br /> �stimates of'expendit�tres of future�scra�v I�erns ox•athei-��ris� rl�a�cordance��vith,��.pplicable La�v. <br /> NEgRASI�CA-Sirigl�Farnily-Fanni�M�t.IFr�:c�di�Mac UNIf=QRM INSTfZIJME=N�1�WlI�H M�ItS ��c�rrr�3�?.�3 71t)1 <br /> VMP� VMf'��I�NE'�}(1;30?}.�(� <br /> Wolters Kluwer Finaricial 5ervic�s {���gc 5 of 1� <br /> q033639�33�5 U�33 �95 �517 <br />