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2� 17��2�5 �. App�i�ationof Payments or Prac�e�s.Ex�ept as expr�ssly s�ated otherwise in�his Security �nstruz�ent ar the�ote,a1��ayments accepted and app�i�d by Lend�r sha11 be app�ied�n the fvi�o�ing order�f priori�: First,to�he Mor�ga�e Insurance premiums to be paid by L�nder�o the Secretary c�r th�rnonthly charge by the�ecretary instead af the monthly mortgage�nsurance gremiums; Secand,t�any tax�s, �pecial assessments, �easehold payments ar ground rents,and fire, fload and o�her hazard insuranc��remiums�as requiret�; Thi.rd,to interest due under the Note; Fourth,�o amortizatian af the pr�ncipa�af the Nate;and, Fif�h,ta late char�;es due under the Not�. Any application of payments, insura�nce proc�eds, or Misce�laneous Proc�eds to�rincipaZ due und�r�he Note shal�not extend or pos�pone the due dat�,or change th�amount,af the Periodic Payments, �. �undsf�r�s�raw ltems,�orr�wer sha�I pa�to Lend��on the day Periodic Paytnents are due under the Note,un�i�the Nvte is paid in full,a sum�th�"Funds"}to provide f�r paym�nt af�a.mounts due for; �a}tax�s and as�essm�nts and other ite�ns v�hic��an at�ain pri�rity over this Se�urity Instrument as a lien ar encumbrance Qn th�e�raperty;�b}�easehold payrnents or graund ren�s on th�Pr�perty, if any;�c) �remiums f��r any and al�inst�rance required by L�r�der under 5ection 5;and�d)Mort�age Insurance premiums ta be paid by Lender t�the Secreta.ry or the month�y ch�ar�e by t�e 5ecretary instead of t�e manth�y��rtgage Insura��e�rerr�iums.These items are called"�scraw Item�."At originatxan or at any tim�during the term�f the Laan,Lender xna�require�hat Cvmmunity Associat�an Dues,Fees,and Ass�ssmen�ts, �f an�,b�e escroti�ed by�orrower,and such�ues, fees and ass�ssments sha11 be an E$cr�w Item.�orro�er s�ali prompt�y furni�h�o Lender a�l notices�f amount�to be paid under this Section. Borrovver s�a11 pay Lender t'he Funds for Escrow Items unle�s�.ender waives Borrower's obxigation to pay the Funds for any or ali Escr�v�Itern�.Len�er may w�iv��3orrawer's�b�ig�tian to pay ta Lender Funds far any or al�Escr��v Items at an�time.Any such wai�er may oniy be in�vriting.�n the event of such waiv�r,Borro�er�hall pay dire�tl3�,when and where payable,the amounts due for any Escrow I�ems for w'�ich pa�ment of Fund��a�been��ai�ved by Lender and, if Lender requires,sha��furn�sh to Lender re�eipts eviti�r�eir�g such payment within such tim�period as Lender may require. Borrower's o�ligatian to ma1�e such payments and to pra�ide receipt�shai�far all purposes be de�med to be a covenant and agreemer�t cnntained in�his�e�urity Instrument,as the phrase "covenant arad agreement"�s used in Section 9. �f Borrower is obligated�a pay Escrow Items direc�tly,prursuant ta a�vaiver,an� �orrower fails to pay the amaunt due f�r an�scrow It�m,L�nder may exercise its rights under Section 9 and pay such amoun�anc�Borr�wer�hal�then be ob�igated under Section 9 to repay to Lender any�uch amount. Lender may re�oke the wai�er as ta�.ny or al�Es�raw Items at any time by a notice giver�in accordanc�with Sec�ian 14 and,upon such re�ocation,Barra�ver shall pay to Lender al�Funds,and in such amounts,that are th�n required under this SeGtian 3, Lender may, at any time,�ol�ect and h�ld Funds in�an amount�a�suffi�ient ta�ermit Lender ta app�y the Funds at the time spe�ified under RESPA, and(b�nat t4 exceed the�naxirr�um amount a lender can requ�re ur�der RE�PA. Lender shall estima�e the arnaunt of Funds due on th�e basis of current da�a and reasonabte e�timat�s of exp�nditures af future Escrow�tems or other�rise in accordance with Applicable Law. FHA Deed of Tr�si Wfth MERS-NE 9/34/2414 Bankers SystemsTM VMP D VMP4N�NE}��5pBy.0� Walters Kluwer Financial 5enrices P�ge 5 af 17 q�33638�35U3 �� 3 G 0517