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2� 17� 1458 �. Applic�tion of Paym�nts ar Proce�ds. E��ept as ex�ressly stated ot��erwise in this Se�urity Instrument ar the Note, a1� pa�menls ac��ted and applied by Lend�r��za�� l�e applied in t�ie f�ll�wing order of pri�rity: First, ta the Mortgage Insurance pr�miums to b� paid�y Lender to the Secretary�r �he manthl� charge hy the Secretar� instead af the mont�l�martgage insurance premium�; Secand, to �ny taxes, special ass�s�ment�, leasehold pa�ments or ground r�nts, and fire, fla�d and other��a�ard in5urance prerniums, as require�; Third, fa �nterest due under��i� N�te; F�urth, to amortizati�n af the principai af the Note; and, Fifth, to lat� �harges due under t�ie Note. Any applicatian of pa�ment�, insuran�e prQ�eed�, vr 11rlisce�laneau� Praceeds �a principal due under ihe Note sha�l not ex�end ar p�stpone the due da�e, ar�hang� t��amaunt, af��ie P�ri�dic Paym�nts. 3. Funds for �crow Items. Borrov�er�hall �a� to Lender❑n the day P�riadic Payments are due under the 1Vate, unt�1 the Nate is paid in full, a sum �thQ "Funds") to pra�ride far pa�rment of am�unts due for: �a� taxes and as�e��ments and otl�er i�ems tiv�tich can attain priority over thi��ecuri�y Instrum�nt as a lien �r encumhran�� n the Pr�p�rt�; �h� lease�iold payments or ground rents on the Praperty, �f any; �c} premiums for any and all insurance required hy Lend�r under Sectian 5; and �d� 1VI�r#gage In�urance pr�miums #a �e paid by L�nder ta the Se�r�tar� vr the manthi� c�large by the Se�retar�r instead of tt�e m�nthly M�rtgage Insuran�e prQmiums, T�Yese items are ea�led "Escrov�r Items.'" At�riginatian or at any tim� during the term of ti�e Loan, Len�er may require that �ommunit�As�ociation Dues, Fe�s, and A�se�sments, if an�r, be es�r��ved by Borrawer, and�uc�1 dues, fees and assessments shail be an Es�ravtr �tem. Barrower shall promptly furni��x io Lender a11 natic�s of amounts to he paid under this Section. B�rrower s�iall pay Lender th� Fund� for Escr�w Items unless Lender wai�es Barrower's obligatian ta pa�r the Funds for an�or all Escrow�tems. L�nd�r may waive Barro�v�r'� abligation ta pa�r ta Lender Funds far any ❑r ali E�crov�r �t�ms at an� ti�ne. An�such�nraiver ma�r only be in�r�rriting. In the ��ent af such�nraiver, Barra�v�r�hall pa�direct�y, �vhen and where pa�ab�e, the amaunfs due for an�Escra�v Item� fQr which payment af Funds has heen�vaived �y Lender and, if Lender requires, s�iall furni�� t❑ Lender re�eipts e�idencing suc�Y payment tivit��in such �ime peria�as L�nder may require. Borro��ver's obligation t�make such pa�rmen�� and to pravide receip�s�hall far all purpo�es be deemed t��e a co�enant and agreem�n�cantained in ihis 5e�urit�Instrument, as the phrase "covenant and agreement" is used in Section 9. If��rrov�rer is obligated to pay Escr��r Items directl�, pursuant to a wai�er, and Borrower fails ta pay the amtiunt due f�r an Es�row Itern, Lender may exer�ise its rights under 5ecti�n � and pay such amount and B�rro�rer sha11 �hen be abligafe� under 5ectian � t❑ r�pay t❑ Lender an�r su�h amount. Lender may revake tt�e �vaiver as ta an� ❑r all Es�row Items at any time b�a nvti�e given in accordan��vith Secti�n 14 and, up�n such revocatian, B�rrovWer shall pay �o L�nder all Funds, and in suc�i amounts, that ar� then required under this Se�tion 3. Lender may,at any t�me, �olie�t and hald Funds in�n amount �a� sufficient tv permit Lend�r ta app��t�ie Funds at the time specified under�ESPA, and �b� nat ta exceer�t��e maximuin amaunt a lender can require under RESFA. L�nder s��all �stiiriate t�i�ain�unt of Funds due on the basis of current data and reasanablc estimates�f exp�nditures af future Escrow Items or otherwise in a�cordance with Applicabie Law. 23Q78814� 049785079� FHR Dee�vf Trust With NiERS-NE 9130l�Oi 4 6ankers SystemsT�+ VMP U VMP�N[N�j('!506�.�0 Wolters K�uwer Financial Services Page 5 of 17