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2� 17��525 2. App�icationof Payments or Prv�eeds.Except as expressly s�ated o�herwise in this Security Inst�ument or the Nates a�1 payments accepted and applied by Lender�ha11 be app�ied in the f�llowing order af priori�y: First,�o the Mor�gage Insurance pre�niums to be paid hy Lender to the Secreta.ry or the monthly charge by the Secretary instead of the monthly martgage insurance premiums; Second,to any taxes, special as�essments,leasehaid payments or graund rents,and fue,f�ood and other hazard insurance premiums,as requir�d; Third,to interest due under the No�e; F�urth,to amortization�f the principa�of the Nate;a�ad, F�fth,to late�harges due under the Note. Any ap�liGation of payrra�nts,insurance proceeds,or Miscellaneous Proc�ed�to principal du�under the 1�Iote shal�not extend or postpane the due€�a�.e,ar c�iange the amount,of the Periodic payments. 3. F u n d s f a r Es c rv�v Item s.Bflrrower sha11 pay to Lender on the day Periodic Payments are due under the l�ote,until the Note is paid in fu1�,a sum(the "Funds"}to provide far payment of amaunts due for; �a}taxes and assessments and other items�hich�an attain priority o�er this Secu.rity Instrument as a li�n or�n��mbran�e on the Pro��rty; �b}tease��ld payment�or ground rents on the Property, if any;(c} premiums for any and al�insurance required by Lender under 5ection 5;and�d}Mortga�e Insurance premiums to be paid by Lender to the Secretary or the monthly charge by the Secr��ary instead af the rnonthly Mortgage Insurance premiums.These items are called"Escrow Items."At origination�r at any tirne during the term Qf the Loan,Lender may require that Community Association Dues,Fees, and Assessmen�s, if any,be escrowe�by Borrower,and such dues,fees and asses�ments sha11 be an Escrow Item. Borrower shal�promptly furnish ta Lender al�notices of amounts to be paid u�der this Se�tion. Borrower shall pay Lender the Funds for Escrow�tems unless Lender waives Ban��r�r's obiig�tion to pay the Funds far any or al�Escrow Items.Lender may wai�e Borrawer's abligation tQ pay to Lender Funds far any or a11 Escrow Items at any t�me.Any such tivaiver rriay only be in�vriting.In the e�ent af such�raiver,Borrower s�all pay dire�tly,�when and�here payable,the amounts due for any Escrow Items for which�ayment of Funds has been�vaived by Lender and, if Lender requires,shall furnish to Lender receipts e�i�encing such payment within such tirne period as Lender may rec�uire.�orrower's obligation to make such paym�nts and to pro�ide receipts sha1�far all purpases�e deemed ta b�� coveaant and agreement contained in this Securit�Instrument,as the phrase"covenant and agreement"is used in Sectiaa 9, if Barrower i�obligated ta pay Escrow Items�iirectly,pursuant to a wai�er,aad Borrotiver fails to pay the amaun�due for an Escrow�tem,Lender may exercis�its rights under Section 9 and pay such amount and Borrower sha11 then be abligated under Section 9 ta repay to Lender any such amount. Lender may re�ake the waiver as t�any or a�l Escraw Item�at any time�y a notice give�.in accardance with Section 14 an�,upon suGh re�ocation,Barra�v�r sh�il gay tv L�nder all Funds,and�n suGh amounts,that are then requi�ed und�r�his Section 3. Lender may, at any time,coltect and hotd Funds in an amaunt(a)sufficient to permit Lender to apply the Funds at the time�pe�ified under RESPA, and�b}not�o e�ceed the maximum amount a lender can require uader RESPA. Lender shall estimate the amoun�of Funds due on the basis af current data and reasonable estimates of�xpenditures of future Escrow I�ems or othert�vise in accordance�v�th Applicabte I�aw, FHA Deed af Trust With MERS-NE 9134l241� Bankers Syst�msT� VMP� VMP4N�NE}(1506}.4� Wolters Kluwer Financial Serv�ces Page 5 0#�T q0336 ��5674 �23 675 4517