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2� 17�2��3 Z. A�plica�ivnof Payments vr Proceeds.Except a�expressly�tat�d other�rise in this �ecuri�ty In.strument ar the l�ote,all payments accepted and app��ed by Lender sha11 be app�ied in the follawing flrder of priority: Fixst,ta t�e Mortgage�n�u.ra�ce prer��ums to be paid by�,ender to the S�c�retary or the mo�.thly charge by the 5eereta.ry instead of the rnonth�y mortgage insuranee prerniums; Second,ta any taxes,special assessments,le�.sehold payments or ground rents,and fire, flood and other hazard insurance premiums,as required; Third,to interest due under the l�ote; Fourth,to amortization of the principal of the Note;and, Fiftha to lat�charges due under the l�ote. Any application�f payments, ins�rance proce�ds,or Miscellaneous Proceeds to principal due under the Note shal�not�xtend or post�pane the due date,ar chaag��he amount,of the Perivdic Payments. 3. Fundsfor Es�row Ifems.Borrower sha11 pay ta Lend�r on the day Periodic Payments are due un�ier the Note,until the Note is paid in full,a sum�the "Funds"}to provide fnr payrnent of amaunts due far: (a)ta�es and assessmen�ts and other items wh��h can attain priority over this 5ecurity�nstrument as a lien or encumbrance an the Prop�rty; �}leas�hald payments or ground r�nts Qn t��Prop�rty, if a�y;�c� premiums for any and a�l insuran�e required by Lender under Section S;and�d)Mortgage Insurance premiums to b�paid�y Lender to the Secreta.ry or the monthly charge by the Secretaiy instead af the monthly Mortgage Insu�ran�e premiums.These items are ca�led"Escrow Items."At orrgination or at any �ime during the term af the Loan,Lender may re�uire that Community Association Dues,Fees,and A85es5ments, if any,be escrowed by Borrower,and such dues, fees and assessmen�s shall be an Escrow Item. Borrflwer shall promptly furni�h to Lender ali notices of amounts to be paid under this Sectian. B�rrower shall pay Lender the Funds for Escrow Items uniess Lender wai�es Borrower's obligation to pay the Funds for any or a11 Escrow Items.Lender may wa��e$arrawer's abligati�n to pay to Lend�r Funds for any or al�Escrc�vv Item�at any time.Any such waiver may onty b�in writing. In the event of such wai�er,B�rrower sha11 pay�irectly,when and where payable,the amounts due for any Escrow Items far which paym�nt of Funds has been�vaived by Lender and, if Lender requires, shail furnish to Lender rec�ipts evrdencing such payment with�n such time period as Lender may reyuire.Borrower's ob�igatioa�o make such payments and to provide receipts sha1l for a11 purposes be deemed ta be a coWenant and agreement contained in this Security Instrument,as the phrase "covenant and agreement"is used in Section�. If Bo�rrawer is obligated��pay Escraw Items�ue�tly,pur�uant to a waiv�r,and Borrower fails t�pay the amount due far aa Escrow I�em,Lender may exercise its r�ghts under Sect�on 9 and pay such amount and Borrower shatl then Ue obligated under Sectioa�to repay to Lender aay such amount. Lender may revak�the waiver as t�any or alI Escrow Iterr�s at any time by a natice given in accordance wYth Section 14 and,upon such revacatian, Borrower sha�1 pay to Lender all Funds,and in such arnou�ts,that are then required und�r this Section 3. Lender may, at any tirne, collect and hold Funds ir�an amount�a}sufficient to permit Lender ta apply the F�nds at the time speci€'ied under RESPA, and�1�}t��t to ex�eed the maximum amQunt a len�ier Can r�quir� under RESPA. Lender shall estimate the amount tif Funds due on the basis af cunent data and reas�nable estimates af expenditures of fu�ure Escrow Items�ar otherwise in a�cordan�e with Appli�abie Law. FHA Deed of Trust With MERS-NE 9I3412�14 Bankers Systems'''� VMP� VMPdN�NE}(15afi).Q4 Wol#ers Kluwer F�nan�ial5ervices Page 5 of 17 q�33749fl9474 p�33 43� 4517