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201201147 BORKf}W�R COVENANTB thnE Borcower is lat�fblly seised of the esfato]�creUy conveyed end has the ri�ht to grant and convey fho Yroperty and tha�t the Property is une�icmnbered, excepf Por oncumbrances of record. Borrower warraute and will defend genarally the title Co thc Property�gainst all claims and de�i�aaids, subjeet Co any encwnbrances oFrecord. THIS SECiJRITY INSTRUMI NT combines unifoml cov��ants for national use and non-uniform covenants��ith 1i�nited variations by jurisdicCion to constitute a uniform secucily instrnment oovei9ng real property. UniPorm Covenants. Borrower and Lender coveutuit and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 pay when due the principal of, and iuterest on, the debt avidenced by the Note and any prepayment charges and lato charges due under the Nofe. Borrower shall also pay funds P�r Escrn�v Items pursunn6 Co Section 3, Paymenls due under Che Note and tl�ris Seourity]iietrnment shall be m�de in U.S. currency. However, if nny cheok or othor iust��unant reoeived by Lender as payment wider the Note or this Security Instrument is ret�u•ned to Lender unpaid, Lendar�nay require ChaC any or all sttbsequeait paymenfs due under flie Nota and lliis Seourity Instrumenl Un made in one or more of the following fonns, as selected by Lender: (a)cash; (U)money order; (c) certified oheck, Uank cheok, treastuer's cheok or nash'rer'�check, provided eny such check is drawrr upon an iuetitution whose depoeits am insured Uy a federal agency, insu�un�entaliCy, or antity; ar (d) Eleatronic Fimd5 'I'r�wsfer. Payments aze deeined reccivcd Uy Lender when received af tiho loctttion desigik�tted in the Nofe or ert sucli oYlier location as may be designaCed by Le�ider in accordance with the noticc provisions in�ection 15. L endor rnay retmn any payuient or p�rtial paymanE if the payment or partiial paymcnts arc iusufficient to bring the Loan currciit. Leitder may accept any pay�enC or partial paymsnt insufficient to 6ring thc i,otui cwreuC, wiYhont waiver of any rig1ite hereuucler or prejudioe Io its rigUts to refuse suoh payment or partiel payments In the future, buC I,endee is noE obligaCed Eo apply such p�tyments at the time such payments ara acceptcd, [f each Periodic Payment is applicd as of its scheduled due dctte, then Lcndcx neecl not pa3�interest on unlpplied funcis. ].ender may hold such unapplied funds until Borrower m�kes paymenL� to briug the Loau current. IP Borro�me,r doc;s not do so within a reASOnable pe��iod of time, Lender shall either apply sud� fimds or retw�n them to Borrower. If not applied earlier, such funds will Ue appl'red to the outstanding principal balanca timder the Note itmnecliaCely prior to foreclosnre, No ofFset or olaim which T3orrower might 'have uow or in tha fu.ture againet Lendor al�all relieve$orrower fi�om making payments due under the Nofo and Chis Sccurity InsY�-wnent or performing �he covcnants and agreema�rte seoured by this Secm�ity Inetrument. 2. Applicatinn of Fayments oY PYOCeeds. �xcepY as othorwise described in thia SecCion 2, all paymenCs acceptecl and applied 1�y,Lender shall l�e applied in[he following order ofpiiority: (a) intereaC duo under the Note; {b)principal due imder thc Nota; (o) aznounts clue under Seclion 3. Such payinants shell be applied to each Periodic Payinent in the order in whicll it bec�une dua. Any remnining amounte shall be applied first�to lnte oharges, s000nd to aug otl�e.�• unounts due undcr thie Sectiuity Insf�•wnent, and hhen ko reduce Uie principnl balance oC Che Nota If Lender receives 1 paymct�t from Bonnwer for a delinquent YariG�dio Payment which iiioludes a sufficient zunomit to pay any 1Atie chaxge drxe, thc paylnant inay be applied to the dclii�queut payment aud the IaCe ch��ga Tf inore Uia�i one Periodic Payn�ent is outstauding, Lender�1y apply any payme�lt ieceived�ti•oin Borxower to thc repayment of the Periodic Payn�enfs iP, and to flie extenti that, each�aymont can Ue paid in Rtll. To the extenC 11iat any excess exists ztYer the paymenC is applicd to the full pe}nnent of one or v�e�re Periodic Payments, suoh excese may be applied to 1ny late chfu�gea dua. Voluutary prepayments shall Ue a��lied first to any prepa}nnent oharges and then as described in the Note. 240002l3 NE6R451CA-Sinflle f-amity-Fnnnle MaelFretldle h7ac UNIGORM INSTRl1MENT Form 3026�1101 VM P O VM PG(NF.)(11051 W ollere Kluw er Financlel 9ar+loos Page 4 0(17