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- 2� 17� 12�4 �. Applicativnof Paym�nts ar Proceeds,Excep�as expressly stated otberwise in th�s Security �nst�`ument or the Note,a11 paym�nts accepted and applied�y Lender sha11 be applied in�he following ard�r of priority: First,to the Mortgage Insurance premiums to be pa�d by Lender to the Secretary or the month�y charge by�he Se�retary instead of th�monthly mortgage insuran�e premiums} Second,to any taxes, special assessments, leasehald paymen�s ar ground rents,and fire,flaad and other hazard insurance premiums,a�r�quired; Third,�o interest due under the Note; Fourth,to amortization of the prin�ipal of the Note;and, Fifth,to late charges du�under the Note. Any applicat�on of payments,insurance praceeds,or MisG�e��aneous Proceeds to priricigal due under the Note shall not exten�i or p�stpone the due date,o�'change the amount,of the Periodic Payments. �. Fundsfor Escrow Items. Borrovver sha�l pay t� Lender an the day Periodic Payments are due under the Note,until the Note is�aid in ful�,a sum(the "Funds"�ta provide for payment of amounts due�ar: �a}taxes an�l assessments and ather items�vh�ch can attain priarity o�er this Security Instrument as a lien or encumbrance an the PrQpGrty;�b}�easehold payments or ground rents on#�he Property, if any;�c} premiums for any and a�1 in5urance required�y Ilender under Section 5;and�d}Mortgage In�uranc� premiums to be paid by Lender ta the Secr�tary�r the monthry charge by the Secretar�instead of the monthly�ortgage Insurance premiums. These items are ca�led"Escraw I�ems."At arigination or at any time during th�term�f the L�an,Lender may r�quire��iat Community AssQc�ation D�u�s,F��s,and Assessment�,if any,be es�:rowed by Borrower,and such dues,fees and assessments sha�1 be an Escr�w Iterr�.Borro�rer sha1�promptl�furnish ta Lender all notices of amounts to be paid under this Section. Bocrower�ha11 pay Lender the Funds far Escrow It�ms un�ess Lender zuai�es Borrawer's obligatian to pay the Fun�ls for an.y or all Escro�v It�ms.Lend�r may wai�e Borrower's obiigation to pay to Lend�r Funds for any or all E�crow Items at any time. Any such�vai�er may fln�y be�n writin�. In the e�ent of such wa�ver,Borro�ver shall pay directl�,wh�n and where payable,the amounts due for an�Escrow �tems for vvhich payment af Funds has been wai��d by Lender and, if Lender requires, sha11 furnish ta Lender receipts evidencing such pa�rm�nt v�ithin�uch time period as Lender may require. Borrower`s abligation to make such payments and ta provide receipts shall far all purposes be deemed to be a covenant and a�reement contained in this Securit�Instrument,as the phrase"co�enant and a�'eement" xs used in Seetion 9. �f Borrawer is obligated ta pay Es�row Items d�rectly,pursuant to a�aiver,and Bor�'ow�r fai�s to p�y the�mout�t due for an E�cra�v Item,Lender may ex�rcise�ts right�under Secti�n 9 and pay such arnount and Borrower shall then be ob[igate�.under�ect�on 9 to repa�to Lender any such amount.Lender may re�ol�e the wa��er as to any or all Escrow Itenr�s at any txme b�a no�ice given ir� accordance w�th Section �4 and,upon such revocation,Borrotuer sha11 pay to L�nder a11 Funds,and in such amounts,that are�hen requir�d under this Section 3. Lender may,at any time,co�tect and hold Funds in an amount(a}suffi�ient to permit Lender ta appty the Funds at the time specified under RESPA, and�b)not to exceed th�maximum amou�nt a lender can require under RESPA. Lender shatt es#imate�he amQunt of Funds due on th�ba�is of eur�rent data and reasanab�e estima.tes of expenditure5 of future Escrow I�ems ar athertivise in ac�:�rdance w�th Applicable Law. FHA❑eed of Trust With MERS-NE 913412d14 Bankers 5ystemsi'N+ VMP C� VMP4N�NE}(45Q6}.D� Vltolters Kluwer Financ�al Serv�ces Page�of 17 q433718��482 ��33 351 �517