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2025 00253
<br />return any payment or partial payment if the payment or partial payments are insufficient to bring the Murabaha
<br />Debt current. Seller may accept any payment or partial payment insufficient to bring the Murabaha Debt current,
<br />without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the
<br />future, but Seller is not obligated to apply such payments at the time such payments are accepted. If each Periodic
<br />Payment is applied as of its scheduled due date, then Seller need not pay interest on unapplied funds. Seller may
<br />hold such unapplied funds until Buyer makes payment to bring the Murabaha Debt current. If Buyer does not do so
<br />within a reasonable period of time, Seller shall either apply such funds or return them to Buyer. If not applied
<br />earlier, such funds will be applied to the outstanding balance under the Note immediately prior to foreclosure. No
<br />offset or claim which Buyer might have now or in the future against Seller shall relieve Buyer from making
<br />payments due under the Note and this Security Instrument or performing the covenants and agreements secured by
<br />this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Seller shall be applied in the following order of priority: (a) Murabaha Debt due under the
<br />Note; (b) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in
<br />which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due
<br />under this Security Instrument, and then to reduce the Murabaha Debt balance of the Note.
<br />If Seller receives a payment from Buyer for a delinquent Periodic Payment which includes a sufficient
<br />amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If
<br />more than one Periodic Payment is outstanding, Seller may apply any payment received from Buyer to the
<br />repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that
<br />any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess
<br />may be applied to any late charges due.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to the Murabaha Debt due
<br />under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Buyer shall pay to Seller on the day Periodic Payments are due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and
<br />assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the
<br />Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br />required by Seller under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Buyer to
<br />Seller in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />These items are called "Escrow Items." At origination or at any time during the term of the Murabaha Debt, Seller
<br />may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Buyer, and such
<br />dues, fees and assessments shall be an Escrow Item. Buyer shall promptly furnish to Seller all notices of amounts to
<br />be paid under this Section. Buyer shall pay Seller the Funds for Escrow Items unless Seller waives Buyer's
<br />obligation to pay the Funds for any or all Escrow Items. Seller may waive Buyer's obligation to pay to Seller Funds
<br />for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Buyer
<br />shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has
<br />been waived by Seller and, if Seller requires, shall furnish to Seller receipts evidencing such payment within such
<br />time period as Seller may require. Buyer's obligation to make such payments and to provide receipts shall for all
<br />purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant
<br />and agreement" is used in Section 9. If Buyer is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Buyer fails to pay the amount due for an Escrow Item, Seller may exercise its rights under Section 9 and pay such
<br />amount and Buyer shall then be obligated under Section 9 to repay to Seller any such amount. Seller may revoke the
<br />waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such
<br />revocation, Buyer shall pay to Seller all Funds, and in such amounts, that are then required under this Section 3.
<br />Seller may, at any time, collect and hold Funds in an amount (a) sufficient to permit Seller to apply the
<br />Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a Seller can require under
<br />RESPA. Seller shall estimate the amount of Funds due on the basis of current data and reasonable estimates of
<br />expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (including Seller, if Seller is an institution whose deposits are so insured) or in any Federal Home Loan Bank.
<br />Seller shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Seller shall not
<br />charge Buyer for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow
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