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<br /> amo�n�s �ue �aade�r t�s �ec�.�r�#� �nstr�tmer�t, a�d th�� t� r��u�� �he ��i���pa� �a�a��� af �e
<br /> �ate.
<br /> ��'�.e�.�ex�re��x�res a�a��x�t fr���a�r�v�ex far a���in���rit F'erivdi� p��r�n�nt�h2�h
<br /> �n�I��es a s�c��r�t amow�t ta pa� an� Ia�� charge due, the ����en� may b� �ppl��d �o �.�
<br /> �e�quent pa���t an� t�� la�t� charge. �f��re t�i�n one Peri��ic �'a�xnent �s a�xts�a�tci�n�,
<br /> L�n�er �na� a�plY a�y �a�rment r�c�ive� �rom Borro�rer to �e reg��rm�n� af th� Per����
<br /> Pa3rm��.ts if, a.�� �o #�� ext�n� �at, �a�h p�ymerit can. be p�d �x �. TQ �a.� ����.t that an�
<br /> e�c�ss e�ist�after t�e pa�me�����p��e� �€� the f�I1�a�men��f����r m�xe�'�z�o��Pa�xm���s,
<br /> su� e�ces� n�ay �e ����i�d �o an� l�.te ch��es ��e. �Ial�n�ar�y p�epa�e�t� sh�li be app��o� �
<br /> ��rs�to any��repa,yn�ent�harge��nd then as��scr����in�he nlQte.
<br /> .�►xxy appli���io� a� p�.�en#s, ���wra�rzce ��aeee�s, ar M.isce�aneo�s �'rac�eds to
<br /> ����p��.ue t�x�d�r t��N4te�ha1l�.�#�t��.d or pasfpone�e��xe da�e, ar c�an��thE am.arYr��, �f
<br /> t��Ferioc�c Payrnen�s.
<br /> 3. �.n.d� f�r �scraiw It�ms. Bor�ra�er �h�ll pay to L�r��er o� t�.e �a,� �'er�io�ic
<br /> � �a�men�s ����.�t��er the Note, �t� the�To#� ���a3d i�a,�Il, �sum ��.he "Func�"3 #o �ra�ric��
<br />� f�� pa�e�.t af amaun�s ��.e for. �a� ��xes �n� ass�ssmEen�� �x� ��e� ��e�ns �rhic� c�n �.tt�in
<br /> p�a�.t�r ❑�ear t��s S�cu�~it�r Instr�nen� a� a l�en or e�ct���ce a�n �� progerty, �b� �ea��ha1�
<br /> �a�nrx��ts o� gro�n� r�n�s �a� �� Pr��er�, �f a�.�; {c} p����ms f�r ari.� a�d � i��ura���
<br /> r�q�ired b�r L�n�er und�r��ct��n�; and ��� �vIott�a�e I�urance pr�noutu�s, �f�n�, �r an�s�ms
<br /> pa�ab�e b�r B�r�ra�trez� tv Le��e�r i.� I���. o� the payme�� af Martgag� In�uranc� pxe�xa�ums in ,
<br /> a�cvrdanee �►�ith �he pr��ris�ons �f Sec�.o� �.�. Th�se �te�a� �r� ���d "�s�row I�e�." A�
<br /> arigina�ivn �r at an�r f�me �.ur�ng �� ��rn� a� t.�.e Loa�t, ��n��r �may ����x� �h�t �omrn�nity
<br /> Asso��t��n�u�s, F��s a7nd.Asses�xne�nts, if aani.�, ��es�r��red�by Borrov�r�r, an�su����s, ��es,
<br /> �nd asses�xxa.e��s��a�I�e a�E�����r Item. �3��xo�te�sh�Y�ra����furn�ish t� �.ende�a�nat��e�
<br /> a�amo�nt� �o �e ��i€� ur��.�x �xs S�c��n. ��rro�rer s�al1 �a�r ��nde�r the ��r��� f�r �sGrav�
<br /> Items�e�s�e�de�r�aiv�s Borro��r's abl�g��ior� t��a��e Fc�n,�s�or an�or all�s�ro�r l��ems.
<br /> Len��r���vv�i�e Sorra�rer's�bl��a��n ta pa�t� �ender�'��s far an� vr a�l���r���tex�as a�t
<br /> a��r t�m�. �n�r su����i���r ama�ar���e in�ti��. In#�e evex�t of such�va��rex, �orr��rer�hall
<br /> �a� c�re���, whe� �n� �r��r� pa�a�Ie, tY�e �aa�.���s due f�� �y �s�ro�r It�ms ��� �r�ch
<br /> pay�neri� �f F�n�s has �e�n �raive� ��Lender a�d, if�.�nd�r re�uares: ��€a�l fw��� �o L�n�er
<br /> �recei��� e�rlden��ng s�x�h pa���nt v�th�n. such #�e peri��. as �e��er ma� r�q�u.i�re. ���-rQ�rer's
<br /> ��b�gation t� �a�ce��.ch���rr�ent�an�ta px�vi�e rece�p#s�}��f�r�.1 purpa�es b� ���na.e�����
<br /> �. c��r�n�� a.�d a�greeamr��� ��nta.�.ned in �u� S�curi� �nstx�um�nt, as �h� p�e "coven�nt an�
<br /> a�re�men�" is u�e� in S��#��n �. If B4rr��uer x� +�����.t�� �� pa� ���ra�r Ite�m� �����r,
<br /> pursua�t t� a�raiver, a�z��a�ro�r�r�Ca�.s t�p�y��az�o�.n�du�far a�����o�v Ifem, I�en�.er may
<br /> e��r�se ��� ri�hts ����r ���#�o�. � an� ��.�r �uc�i a�m��t �.nd Barra�e�r s�a1,� th�n be obli�at��
<br /> �nc��r S�ct��n � ta repa� �a L�nder an�'st�c��n.aunt. L�nder x�a�re���e the '��ver�s to �y
<br /> or�il.Escr��r It�ms at a�y t�m���a��ti�e �v�n i�acc�rda.�r���ith S���o� 1� �d, ���n such
<br /> �revoca�.on, �orr��rer shaLl p��r�o L�nder all F���, a�d in such amo�ts, t�t are�en r�qu�re�
<br /> un�,��#.��S�����3.
<br /> �ender m�.�, ��ar�y�ame, c���ct ��hold F��.s in an a�.aun� �a} s��i��t �o pe�it
<br /> ��n�de� tv app1� t�� �t��s �f th� tin�� speci�e�. un�er ���A, an� �a� �ot t� ������. t��
<br /> max�n�m �rn�unt �. �.�n�e� ca�. �req�.�i�e un��� RESPA. Lender s��1� ��tun.a�� t�.� �rr���t �f
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