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2� 17�287� �. AppEicaf�on of Payments or Proceeds. Except as expressly stated other�vise in this Security �nstrument ar�he Note, aI�payments accepted and appiied by Lender shail be applied in the foliowing order of priority: First, to the Mortgage Insurance premiums to be paid by Lender to the Secretary or the monthly �harge by the Secretary instead of th�monthly martgage insurarice premiums; Second, to any taxes, specia� assessments, leasehoid payments or ground rents, and fire, flood and ather hazard insurance premiums, as required; Third, tn interest due under the Note; Fourth, to amortization of the principal af the Nate; and, Fifth, to late charges due under the Note. Any application of payments, insuran�e proceeds, or Miscelianeous Proceeds ta principal due under#he Note shall not extend or postpane the due da�e, or change�he amount, of the Periadic Payments. 3. Funds for Escrow I#ems. Borrower shall pay to Lender an the da�Periodic Paymen�s are due under the No�e, until the Note is paid in ful1, a sum�the "Funds"}to pro�ide for payment of amounts due far: �a�taxes and assessments and other i�ems which can attain priority o�er this Security Instrument as a Izen or encumbrance on the Praperty; (b�Ieasehold pa�ments or ground ren�s on the Property, if any; �c} premiurns for any and all insurance required by Lender under Section 5; and�d}Mortgage Insurance � premiums to l�e paid by Lender ta the Secretary or the manthi�charge by the Secretary instead of the month�y Mortgage Insurance premiums. These items are called "Escrow Iterns." At origination or at any �ime during the term of the Laan, Len�er may require tha#�ommunity Associatzon I]ues, Fees, and Assessments, if�ny, be escrawed by B�rr�w�r, �nd such dues, fees and assessments shall be an Escraw Item. Borrawer sha11 promptly furnish to Lender all notices of amounts to be paid under this 5ection. Borro�ver sha�l pay Lender�he Funds far Escrow Items unless Lender waiWes Borrower's obltgation to pay the Funds far any ar aIi Escraw Items. Lender may wai�e Borrower's abligation ta pay ta Lender Funds for any or all Escrow Items at any time. Any such wai�er may only be in writing. In the e�en�of such wai�er, Borrawer shali pay directly, when and where payabie, the amounts due far any Escrow Iterns far which payment of Funds has been wai�ed by Lender and, if Lender requires, sha11 furnish to Lender receipts e�idencing such payment within such time perivd as Lender may require. Borrower's obliga�ion to make such payments and#o pro�ide receipts sha�� for all purposes be deemed to be a co�enant and agreement contained in this Security Instrument, as the phrase "coWenant and agreement" is used in Sectian 9. If Borrawer is obligated tv pay Escrow Items directiy, pursuant to a wai�er, and Borrower fails�o pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be abligated under Sectian 9 to repay ta Lender any such arnount. Lender may re�ake the wai�er as to any or all Escro�v Items at an�time by a natice giWen in accordance wi�h Section I4 and, upon such r�vacatian, Borrower shatl pay to Lender all Funds, and in such amounts, that are then required under this 5ection 3. Lender ma�, at any tirne, coliect and hoid Funds in an arnount�a}suff cien�to permit Lender ta apply the Funds at the time specified under RESPA, and(b}not to exceed the maximum amount a lender can require under RESPA. Lender sha1� estimate the amnunt of Funds due an the basis of current data and reasonable estimates of expet�ditures vf fiYture Esc�row Items or otherwise in accardance with Applicable Law. 23�335174 Q09883426� FHA Deed o�Trc�st With MERS-NE 9130120'I 4 Bankers 5ystems� VMP� VMP4N[N�)�150fi�,0� Wotters Kfuwer Financial Serrrices Page 5 of 9 7 � �