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�Q1201995 THIS SECURITY W5TRUMEAYT combines uni€arm covenants for national use and non u�iform covenaucs w£th l�nited variations by 3nrisdiction ta constitute a uniform s�uity inetiumeztt covering real P�P�rtY• UNIFORM COVENANTS. Bormwer and Lender eovenant aad agree as fallows: 1. Payment of Priacipal, Intaes#, F�crow It�s, Prepa�ment Charges, �nd Late Charges. Borrower shall gay when due the pri�acipal of, and interesc on, Ehe debt evidenced by the Nooe �ad any prepayment charges an.d late ciiazges due uuder the Note. Borrower shall also pay funds for Escrow It�nos pursuant to Section 3. Payments due und.er the Noce and ihis Security Insmiment shall be made in U.S. curreacy. However, if any cdieck or other instrumernt received by Lender ss payment under the Note or this Secnrity Instrumwt is returned to Lender napaid, Lender may ra}uire that any ar all sabseguent PaYments c3ue nnder thE Note an8 this Securicy InsttttmenE ba made in oae or more of the following famas, as selected by Lzndet: (a} cash; (b) moncy order; (c) eertified chetk, bank ch�k, treasurer's check or cashier's check, provided any sach check is drawn npon an institudan whose depr�sits are insured by a federal agency, inshwnentalit}r, or emity; or (d) IIectronic Funds 'I'ransfer. Fayments are deemed rec�ived by I.ender when r�eived at the docation designated in tbe Nate ar at such ather location as may be designated by Lender in accordance with the notice pravisions in Section 1S. Leuder may return any payn�nt or partial pay�nc if the payment or partial pay�nts are iasaff�cient to bring the Loau current, Lender may accept any payruettt or partial paymeat ir�,sufficieat to b�g the Loan currene, wichout waiver of any rlghts hereunder or prejudice co irs rights to refu..ce sach payment or partia� payments in the future, bnt i.�nder i� not obIigaeed to agply such paymencs at the time such paym�nts are accepted. If each Periodic Payment is applie8 as of its scheduled due date, then Lender need not gay interesi on unagplied fuuds. Lender may hold such unapplied fuuds untel Bortower makes paym�ts to bring the Loan current. If Borrower does not tio so wittiir3 a reasonable period of time� Ixnder shall either apply such functs or reumi them to Borrower. if not applied earIier, such fimds wili � agplied to the outscancling principal baiance under the Note immediately prior to fnr�closure. No affset or ciaim which Borrower might have now or in the future against Le.nder shaU relieve Boaower from making payments due under the Note and chis Security Insn�unent or performing the covenants and agreeanents sec�ued by this Secnriry Insinunent. 2. Application of Paymems or Procee�. Except as otherwise described in ttus S�tion 2, etl payments accepted and applied by i.emder shall be applied in the following order of priority: (a) intemst due under t�e Note; (b) principal due under ihe Note; {c) amaunts dne under Sectian 3. Suclt payments shatl be applied to each Peri�ic Payment in the order in whieh it became due. Any remaining amouncs shall be applied first to late charges, �ond to any other amounis due under ihis Securiry Insttvment, and then to reduce the principai balance ef the Note. If Lender receives a payment from Borrower for a delinqueat Perioclie Paymeat which includes a suffcciem arnount to pay any late chazge due. the payment ma.y be �plied ta the de�quent payment and the late charge. If more than one Periodic Payment is outsrand'mg, Lender may apply any gay�ut r�eived from Bonower to the repayment of ths Periodic Payments if, and tc� the ext�t #hat, each payment ean be paid iu full. To the extent that aay excess exists a.f�er ihe payment is appliecl eo the ful� payment of one or more Periodic Payrnents, such exeess may be agplie� to any late charges due. Vduntary prepaymeats shall be applied fnst ta any prepsyzr�ent charges aud thea as described in the Note, Any application of payments, insurance pioceeds, or ?vliscellaneous Proceeds to principai due under the Noce shall not extend or posipone the due date, or change ths auxount, of the Peri�ic Pa.y�ts. 3. Fimds for F�row It�ns, Borrower �aIi pap to Lender on the clay Periodic Paymeats are due under the Nate, until the Note is gaid in fnll, a sum (the °Funds") ta provide for payinent vf amounts due for. (a} taxes and assessments and other items which can attain prioriry over this Security Insnument as a Iien or encuFnbrance on the lPrope�ty; (b) leasehoId paym�ts or gro�nd rents on the Property, if any; (c) premiums fox any and atl iasurance xeqnired by T..ender un�er Section 5; and (d) Mortgage Insu�cance �-6G{RIE1 t�os�.oi aage a ce 3s � � � Fwn+ 3028 1 /01