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2� 17�2457 �. Applica�ian af �aymenfs or Proceeds. Except as expressl�stated otherwise in this 5ecurity instrument or the Nate, all payments accepted and applied by Lender shal�be appiied in the follovving arder of priari�: First, to the Mortgage Insurance premiums to be paid by Lender to the Secretary or the monthly charge by the Secretary instead of the rnanthly mortgage insurance premiums; , Second, to any taxes, special assessments, Yease�old pa�ments ar ground rents, and fire, flood and other hazard insur�nce premiums, as required; _ Third, tv interest due under the Note; Fourth, to amortizati�n af the princzpai af the Note; and, F ifth, to Iate charges due under the Note. Any application of payments, insurance proceeds, ar Miscelianeous Proceeds to principai due under�he Note shall not extend or,postpone the due date, ar chan�e the am�unt, of the Periodic Payments. 3. Funds for Escrow I�ems. Borrawer shall pay to Lender on the day periodic P��ments are due under the Note, until the Note is paid in ful1, a sum(the "Funds"}to pro�ide for payment_of amounts due for: �a}taxes and assessments and other items�vhich can attain priarity o�er this 5ecurity Instrument as a lien or encumbrance on the Proper�y; �b��easeho�d payments ar ground rents on the Property, if any; (c} premiums for any and aI�insurance required by Lender under Sectian 5; and(d}Mortgage Insurance � premiums to be paid by Lender to the Secretary ar the monthly charge b�the Secre#ary instead of the monthly Mortgage Insuranc�prern�ums. These i�ems are called "Escrow Items." At ariginafion�r at any + �ime during the term of the Loan, Lender may require that Community Association Dues, Fees, and � Assessments, if any, be escrovved by Borrower, and such dues, fees and assessments shai�be an Escrow Item. Borrower shall promptly furnish to Lender all natices of amounts ta be paid under this Section. Borrower shaZi pay Ler�der the Funds for Escrow Items unless Lender wai�es Borrower's obligation to pay the Funds for any ar ail Escrow Items. Lender may vvai�e Borrower's ohiigation ta pay to Lender Funds for any or alI Escraw Items at any tirne. Any suc�wai�er may only be in writing. In the eWent af such wai�er, Borrower shail pay directly, when and where payable, the amaunts due far any Escravv Items for which payment of Funds has been wai�ed by Lender and, if Lender requires, shaii furnish to Lender receipts e�idencing such payment within such tirne peraod as Lender may require. Barrawer's ., obligation to make such payments and ta pra�ide receipts shall for all purposes be deemed to be a c��enant and agreement con�ained �n this Security Instrument, as the phrase "co�enant and agreement" �s used in Sec�ian 9. If Borrower is obliga�ed to pa�Escrow Items directly, pursuan�to a vWai�er, and B�rrower fails ta pay the amount due for an Escrow Item, Lender may exercise its rights under 5ectian 9 � _ and pay such amount and Borrov�er shall then be abligated under Section 9 to repay to Lender any such amount. Lender may re�oke the waiv�r as to an�r ar all Escraw Items at any time by a natice given in accordance with Section 14 and, upon such re�ocation, Borrower shail pay to Lender all Funds, and in such amounts, that are then re�uired under this Section 3. Lender may, at any time, collect and hold Funds in an amount�a}sufficient to permit Lender ta app�y the Funds at the time specified under RESPA, arid�b}not to exceed the maximum amount a lender c�n require under RESPA. Lender shall estimate the amvunt of Funds due on the basis of current data and reasonable , estimates of expenditures af future Escrow Items�r otherwise in acc�rdance with Applicabl�Law. 2345D4286 . 0�9877962� FHA Deed of Trust With MERS-NE 913012�14 Bankers SystemsTM VMP C� VMP4N(N�](9506�.00 Wvlters Kluwer Financia�5ervices �age 5 of 17 .� �