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2� 17� 1 �� 1 2. Appli�2�t��naf P�yme�ts o�Pr��eeds.Except as expr�ssly s�ated other�rise in this 5�curity Instrument ar�he 1�Tote,a11 payments acc�pted and applied by Lender shalt be applied in the fol�owing ord er o f priority: First,to the Mortgage�nsurance premiums�o be paid by Lender to the 5ecretary or the rrionthly eharg�b�the Secreta.ry instead af the monthly martgage insurance premiums; Second,to any�axes, sp�c��l a��ssr��.ts, ��a��hald�a.�ments�r gr�und rents,and fire, flaod an� other hazard insurance pr�miurns, as required; �'hird,to rnterest due under the Nat�; Fourth,ta amortization of the principal of tbe Note; and, Fi#�h,to late char�es due under the Note. An�appl�cativn af payments, �nsurance proc��ds,or�isc�l�aneaus Proceeds to pr�nc�pa��.��und�r the Ivate sha��not extend�F post�o��e due date, �r change the amou�t, of the Peri�dic Payments. 3. Fundsfor Escrow�tems.Borrower shall pay ta Lender on the day Per�odic Payments are due under t�e No�e,�xntil th�Note is paid in fu�1,a�um(tbe "Funds")to pravide far pa�mer�t of arnflunts due for; (a)taxes and assessm�nts an�.other��tems�hich can atta�n prxor�t3r o�er th�s S�cur�t�Instrument as a ��en nr encumbra�.ce�n the Pro�ae�ty; (b}�ease�o�d p�yments ar ground rent�on the Property, if an�;tc� premiums for an}�and al�insurance required by Lender under Section S;and(d�Mortgag�Insurance premiums to be paid by Lender to the Secreta.ry ar the monthly charge by the Secretary instead of the monthly Mortgage Insurance�remiums. These items are called"Escrow Items."At originatian or at any time during the term of the Loan,Lencier may require that Cornmun�ty A�s�ciatian Dues, Fees,and Assessments, if any,be escrawed by�orrQwer,and such due�, fees�nd assessmen�s sha1l be an Es�ro� Item. B�rrower sha11 promptly furnish to Lender a��no�ices af amounts to be paid under this S�ction, �or�ower sha��pay Lender the Funds for Es�rotv Item�un�ess Le�.�.�r�aiv�s Borto��r's o�l�gation t� pa�the F�.nds fo�an�ar a��Escro�Items, Lender ma�wa�Ue Borrvv�er's obligation to pay to Lender Funds fvr any ar a.11 Escrotiv Items at an�time. An�such wai�er may only be in wrrting. In the event of such waiver,�orrower sha11 pay directly,�vhen and where pa�able,the amounts due for any Escrow It�ms for which paym�nt of Fund�has been wai��d by Lender and, if Lender requires, shal�furnish to Lender receipts evidencing such payment�vithin such time period as Lender may require. Borraw�r's obligatian to make such payments and to provide receipts shaii for aI�purp�ses be deemed�o be a �ov�na�t�.nd�gr�ement contained in this Seeuri�y Ins�rumen�,as the phrase "covenant and agreement" is used in Se�tian 9. If Borrawer i�obligated to pay Escrov��terns d�'ect��, pursuant ta a�a�ver, and Borrower fai�s to pay the am�u�.t�ue for a�.Es�cro�Item, L�r�der ma�exerc��e its right�und�r S�ctinn g and pa�such amount and Borrower�hall�hen be obligated under 5ection 9 to re�aay to Lender any such a.mount. L�nder may revoke the waiv�r as�o any or all Escraw Items at an�time by a notic�gi�en in accordance with See�ion 14 and,upon such re�ocation, Borrower sha11 pay to Lender aIl Funds, and in such amaunts,that are then re�uired under this�ection 3. Lender may, at any time, ��11ect and hald Funds in an amount(a)sufficient to permit Lender to apply�he Funds at the time specifxed under RESPA, and(b�not to excee�i the maximum amount a lender can re�uire under RESPA. Lender shall estimate the amaunt of Funds due on the basis of current data and reasanabl� esti�ates�f e�penditur�s o�f�ture��crow�tem,�or otherwi�e in acc�rdance with Appli�able Law, FHA Deed of Trust With MERS-NE 913Q12474 Bankers SystemsT�+ VMP� VMP4N[NE}(150fi}AQ Woifers Kluwer Financiai 5ervrGes Page 5 of 17 q�33G79s��83 ��33 5�8 fl517