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2� 17� 17�9 �. Appl�cativn�f Paymen�s vr Procer�ds.Except as expressly stated otherwise in this Security I�strument o�the 1�iote,al1 payments accepted and a�plied by Lender sh�.l�be appl�ed in t�ie followirig order of�riority; �irst,ta the�artgage�ns�.uance premiums ta be paid b��nder to th��e�retary or th�mon�hly charge by the�ecretary instead of th�monthly martgage�nsurance premiums; �eco�nd,to�ny taxes,special assessments, �easehald payments or ground rents�and fire, flood and �the-r ha�ard xnsurance pr�miums,as required; Third,to interest due ur�der the�ote; Fourth,ta amortization of the principa�of th�Not�;and, Fi�th,to late charges dx�e under the Note. Any appl�cation of payments, in�urance pro�eecis,or Miscellaneous Proceeds t�principaX due under the �ote sha�1 nat�xtend or postpone the due date,or change the amount,of the Period�c Pa�ments. 3. Fu�nd$fvr Escrow Items.Borr�wer s�iall pay to Lender on the day�erio��G Paymen�s are due under the h�ote,unt�l the Note is paid in fu1i,a sur��the"Funds")ta provide for payment of am�unts due for: (a}taxe�and assessments and other�tems�vhich can attain priority o�er�hxs Security Instrument as a l�en ar encumbrance on the Property; �b}tcasehald paymcnts ar ground rent��n the Prop�rty, if any;(c} premiums for any anc�ait in�urance rec�uired by I�ender un�ex Section 5;and�d�Mort�ag��nsurance p�ernium��o be pa�d by Lende�t�the Secre#ary or the morxthly charge by�he Secretary instead of the mon�h��c�rtga�e�r�surance gremiums.These i�tems are called"Escro�v Items."At originatian or at any tim�during th�term of the�,aan,Lender may require that�'ommunity Associatian�]ues, Fees,and AsSessments, if any,be es�rowed by Rorro�ver, and suc�dues, fees and assessments shal l be an Escro�u Item. Borro�er sha�l promp�ly furnish to Len�er alI r�otices af amaunts t�be paid under this Sec�ion. Borro�er shatl pay Lender the Funds for Escrow Items un�ess Len�er�ai�aes�orro��er's obligatior�to pay the Funds for any or all Escro�v I�ems.L.end�r ma}�v►�aive Borrov�ex's obligation ta pa�r to L�x�der Funds for any flr at�Es�row Itern�at any time. Any 5uch tivaiver may only be in writ�n�.In the e�ent af such waiver,Borrower sha11 pay directly,�rhen and where payabl�,the amounts due for any E�crow �tem�s for whic�payment of Funds has been�ai�ed by Lender and, if Lender requires, shall furnish to Lender receipts e�id�nci�g sitch payment within such time per�od as L�nc�er may r�quire,Borro�v�r's ob�igatYor�td make such payments and to pr�v�de recei�ts shall for a��purposes be deerr�ed t�be a covenant and agr��rnent�onta��ed in this Seeurity Instru�nent,as the phrase"c�Wenan�and agreeme�t" is used in Se�tion�.I�Bflrrov�er is abligated to pay Escro�v�terns di�ectly,pursu�nt�Q a waiVer,and �orrower fails to pa�the amaunt due for an�scro�v Item,Lend�er rnay exercise its rights under Section 9 and pay s�ch amount and Borrawer shall ther�be ob�igated under Sectian 9 to repay ta Lender an�such amaunt. Lender may revoke the�aiver as to an�or all Escrow Items at any time�y a not�ce g�ven i�. accordance w�th Section 14 an.ds upon such revaca#ion�B�rrat�er sha��pay�to L�nder all Fur�d�,and i� such amount�,th�t are th�n rec�uired under this S�ectior�3. Lender m�.y,a�any t�me,co��ect and hold Funds�n an amount(a)suffici�nt ta�ermit L�nder to apply the Funds at the time speci#ied under RESPA, a.nd�b�no�to e�ceed the m�.x�mum amount a lenc�e�ca�r�quir� under RESPA, L�nder�ha11 esti�ate the an�ount�f Fu�ds due on th�basis of current data and reasonable estimates of expendi�ures of fi�ture Esuraw�tem�or otherw�s�in a�cordance r�ith Applicable Law, FHA�eed vf Trust 1Nith MERS-NE 9l34I2414 8ank�ts SystemsT� �fMP 0 VMP4N[NE}{15Q6)_4� Wolters Kluwer Financial 5ervi�es Pag�:5 nf 17 q43373Q19893 �233 331 �517