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2� 1 ��7892 2. Ap�licationof Payments or Proceeds.Ex�ept as expressly s�ated other�rise in this Security Instrument or the Not�,a��payments acc�pted and applied by Lender sha11 be app�ied in the following order of priority: First,ta the Mortgage Insurance premi�rns to be paid by Lender to the Secreta.ry or the monthly charge by the Secreta.ry instead of the monthly mortgage insurance pr�mrums; S�cond,to any taxes, sp�cial assessments, leasehold payments or ground rents,and f r�, fload and other hazard insurance premiums,as requ�red; Third,to int�rest due under the Note; Fourth,to amorti�at�on of the principal of the Note;and, Fifth,to late charges due und�r the Note. Any ap��Ycatian of payments, insurance proceeds,or Miscel�aneous Proceeds to principal due under the Note sha11 not extend or postpane the due date,or change the amount,of th�Periodic Payments. 3. Fundsfor Escrow Items.Borro�uer sha11 pay to Lender on the day Periodic Payrnents are due under the Note,until the Note is paid in fult,a sum(the "Funds")ta provide for payment of amoun�s due for: (a}ta.xes and assessments and other iterns which can attain pri�rity aver this Security Instrumen�as a lien or encumbrance on the property;�b}leasehald payments or ground rents oa the Praperty, if any; (c) premiums for any and a��insurance required by Lender u�der Se�tion 5;and(d}Mortgage Insurance premiums ta be paid by�.ender to the Secretary or the monthly charge by the Secretary instead of the monthly Mortgage Insurance premiums. These items are called "Escrow Items."At origination ar at any �ime during the term of�he Loan,Lender may requir��hat Community Assoc�atian I3ues,Fees,and Assessmeats, if any,be escrowed by Borr�wer,and such dues, fees an.d assessments sha��be an Escrow Item. Borrower sha11 promptly furn�sh to Lender a11 notices of amounts to be paid under this Section. �orrower shall pay Lender the Funds for Escra��tems unless Lender waives Borrower's obli�ation to pay the Funds for any or a11 Escrnw It�ms. Lender may waive Borrower's obligation to pay to Len.der Funds for any or a11 Escrow Items at any time.Any such waiver may only be ia writ�ng. In the event flf such wai�er, Borrawer shall pa�du�ctly,when and where payable,the amour�ts du�#'or any Escrow Items for�vhich payment of Funds has be�n waived by Lender and, if Lender r�quires, shall furnish to Lender receipts evi�encing such payment��hin such time periad as Lender may require. Borrow�r's o�bligation to make s�.ch paym�nts and to pro�ide receipts shall fo�all purposes i�e deemed t�l�e a co�enant and agreement contained in this Security Instrument,as th�phra�e "cav�nant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly,pursuant to a waiver,and Borrower fails to pay the amount due for an Escrow Item,Lender may exercise its rights under Section 9 and pay such amount and Borrower sha11 then be obligated under Section�t�rep�.y to Lender any such amount. Lender may re�oke the waiver as to any or a11 Escrow Items at any time by a notice giv�n in accor�ance vvith 5ection 14 and,upon such re�ocatian,Borrower shal�pay to Lender all Funds,and in such amounts,that ar�then required under this S�ction 3. Lender ma�, at any time, collect and hold Fuad�in an amoun��a}sufficient to permit Lender to apply the Funds at the time specif��d under RESPA, and(b)not to exceed the rnaximum amount a lender can require under RESPA. Lender shati estimate the amount of Funds due on the basis of current data and reas�n.able estimates af e�penditures�f future Escrotiv Items or otherwise in accordance with App�i�able Law. FHA❑eed of Trust With MERS-NE 913Q12Q14 Bankers SystemsTN+ VMP� VMP4N[NE}(15QB).44 Wolters lCluwer Fin�ncial Services Page 5 of 17 q�3361294865 �233 443 �517