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201109342
<br /> My application of payments,inswance proceeds,or Miscellsneous Proceeds to principal due uader the Note
<br /> shall not extend or postpone the due date,or change the amount,of the Periodic Payments.
<br /> 3. �nds for Escrow Items.Borrower eha11 pay to Lender on the day Periodic Payments are due under the
<br /> Note,until tho Note is paid in full,a sum(the"FuuJs")to provide for pay[aeat of amonnts due for:(a)taxes
<br /> and assessments and other itema which can attain priority over this Security Instrument as e lien or
<br /> ancumbrance on the Property;(b)leasehold payments or p{ound rents on the Property,if any;(c)premiums
<br /> I For any and all insurance required by Lender uader 5ection 5;and(d)Mortgage Insurance premiums,if any,
<br /> or aay suma payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in
<br /> accordance with the provisions of Section]0.T6ese itans are caped"Escrow Items."At origination or at
<br /> any time during the tcrm of the Loan,Lender may require that Community Association Dues,Fees,and
<br /> Assessmenis,if any,be escrowed by Boaower,and such dues,fees and assessments sball be an Escrow
<br /> Item.Borrowor sLall promptly furnish to LendeT all notices of amounts to be gaid under this Secfion.
<br /> Borrower shall pay Lender the Funds for Escrow Itema unless Lender waives Sotrower's obligation to pay
<br /> the Funds for aay or all Escrow Items�Lender may waive Borrower's obligation to pay to Lender Funds for
<br /> any or all Escrow Items ai any time.Any such waiver may only be in writittg.In the event of such waiver,
<br /> Borrower shall pay directly,when and where payable,the amounts due for any Escmw Items for which
<br /> payment of Fumds has been waived by Lendet and,if Lender requires,shall fiunish to Lender receipts
<br /> evideaeing such paytnent within suc6 time period as Lender may require.Borrower's obligation to make
<br /> such payments and to provide receipts shall for all purpoaes be deemed to be a covenani and agreement
<br /> contained in this Security Insttwnent,as the phrase"covenant and agreemeuP'is used in Section 9.If
<br /> Borrower is obligated to pay Escrow Itema directly,pursuant to a waiver,and Botmwcr fails to pay the
<br /> amount due for an Escrow Item,Lender may exercise its righte under Section 9 sud pay such amount and
<br /> Borrower shall then be obligated under Sectiott 9 io repay to Lender any such amount.Lender may rovoke
<br /> the waiver as to any or all Bscrow Items at any time by a notice given in acwrdance with 5ectiou 15 and,
<br /> upon such revocation,Borrower shall pay to Lender all Funds,and in auch amounts,that are then required
<br /> under this 5ection 3.
<br /> Lender raay,at any time,collect and hold Funds ip an amount(a)sufficient to permit Lender to apply the
<br /> Funda at the time spocificd under RESPA,and(b)not to exceed the maximum amount a lender can res�uire
<br /> under RESPA.Lenda shall estimate the amount of Funds duc oo the basis of current data and reasodable
<br /> estimates of expenditwes of future Escrow Items or otherwise in accordance wiifi Applicable Law.
<br /> 11►e Funds shall be held in an inalitution whose deposits are ins�ued by a federal agency,iastrutnentality,or
<br /> entity(including Lender,if Lender is an instihriion whose deposits are so insured)or in any Federal Home
<br /> Loan Bank.Lender shall apply the Funds to pay the Escrow Items no later thaa the time specified under
<br /> RESPA.Lender shall aot charge Borrower for holding and applying the Funds,annually analyzing the
<br /> escrow account,or verifying the Escrow Itema,unlesa Lender pays Hotrower iatarest on the Fands and
<br /> Applicable Law perwits Lender to make such a charge.Unless att agreement is made in writing or
<br /> Applicable Law requires interest to be paid on the Funds,Lender shall not 6e required to pay Sorrower any
<br /> interest or earnings on the Funda.Borrower and Lender cae agee in writing,however,thal interest shall be
<br /> paid on the Funds.Lender shaU give lo Borrower,without charge,an anaua]eccounting of tha Funds as
<br /> required by RESPA.
<br /> If thcre is a surplus of Funds held in escrow,as deBned under RESPA,Lender shaU acco�mt to Borrower for
<br /> ihe exeess funds in accordaace witL RE5PA.If there is a shortage of Funds held iu escrow,as defwed under
<br /> RESPA,Lender shall notify Bormwer as required by RESPA,and Borrower shall pay to Lender the amount
<br /> necessary to make up the shortage in accordance with RESPA,but in no more than 12 month(y paymettta.If
<br /> there is a deficiency of Funds held in escrow,es de6ned under RESPA,Lender shap natify Borrower as
<br /> NE8RA5KASirple femiy-Fannle MrlFreddie Mac UNIFORM INSTRUMENT ��5 form 30281/07
<br /> VMP� ' VMPB(NE)11105).00
<br /> Wollen Kluxsr Flnanciel Ssrvkee pepe 5 0177
<br /> GS•
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