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201202001 BOKROWL+R COVENANTS that Borrower is lawfully seised of lhe estaCe hereUy conveyed and lias the right Yo grant and convey thc ProperCy uid diat Che Property is unencumbered, except for cncumbrances of record, Boerower warrants and will defend gcnerally The[itle to (he ProperYy against all claims and de�nands, subject tc� any encumbrances oP recoxd. 7'HiS SL+CURITY 1NS'I'RUMENT combines uniform covenants Por uationx] use and non-uniform covenants with limited v.iriations by jurisdiction to constitute n uniform securiry insnuinent wvering real propccty. Uniform Covenants. Borrower tmd Lender eoven2nt and agree as Pollows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Sorrower shall pay whcn�due elie principal of, and inteiest on, the debt evidenced by the Note and any prepayment charges aud late charges due under the Note. Rorrower shtdl also pay Puuds for Escrow Items pursuanC to Section 3. P�rymenfs due under the Nole and tliie Security Instcument shall be made in U.S. currency. How�ver, if any check or aCher instrumenC received by l,ender as paymeiit under the Note or this Security Insh'ument is rehirued to Lendex unpaid, Lender may require th�t�uiy m� all suhseqttent paymants clue under the Note and this Security lnshument be made in one or mo�e of tlic Poilowing form5, as seleeted by Lcndcr: (a) cash; (b) money oxde�; (o) certiPied check, bank cheelc, treasurer's cheek or cashier's qheck, provided any such clieck is drawn upon au institution whose deposits arc insurecl 6y n federal agency, instcuinenCality, or enCity; ox (d) Plecd�onic Punde Transfer, Vayt�ients are dcemed reeeived by Lender when received al the locatiou designated in Ylte Note or at sucl� otl�er locntion as may be designaCed by Lendex in accordance with the nutice provisions i�i Sec�ion 15. Lender may return any�aymcnt or partial paymenC if the payment or parCial payments are insufFicient ro bring the Loan cuirent. Lender may accept kmy paymenr or paitial payment insufficienC Co bring Yhe Loan current, without waivei of any rights hereunder or prejudice to its rights Co cefuse such payroent oi partial paymenYs in the future, but Lender is not obligated to .ipply such paymeuts at the time such pnynnents are accepTed. Ifeach Periodic Payment is applted as af its scheduled due date, then Lender naed not pay inTerest pn unapplied Yunds, Lender may hold such unapplied funds tmtil Borcower malees payments ko bcing tl�e Loan current, Tf Borrower clocs not do so within a reasonahfe period of Cime, Lender shall eilher apply sucU Yunds or return them to Borrower. IP not applicd earlier, such timds will be applied to lhe otii�standii�g principal belance under die Note imtnedial'ely prioc to foreclosure. No offset or claim which Borro�ver might liave now or in Clie future against Lender shall relieve Borrower fxoin making paymente duo under tl�e Note and this Security Instrument or perfonning the covenants and ay�cements secured by this Seeuriry lnstrument. 2. Application of Payments or Proceeds. Except as otlier�vise described in tliis Sect3on 2, all paymenCs aceepted and npplied by Lender sliall be applied in the following order of priority: (a) interest due under the NoCe; (U) piincipa( due under the Nole; (c) a�nounts due under Section 3. Such payments shall be applied Co each Periodic Payme�it in the order in whicli it becamo due. Any remtiiiiiii�amounYS sliall be applied�rsf to Ifite charges,�second to any oCher amounts due under this Securiry Instmment, a��d then to reduee the principal balance of ttte Note. If Lender receives .i payment from Botcower for a deliuquent Periodic Paqiuent whiah includes a sufiicienl amount Co pny aiiiy late eharge due, thc payme�t may�e applicd lo the delinquent paymenf and the late charga. If niorc Chan one Periodic Payment ie outstaziding, I.ander may <tpply any payment receivcd from Bocrower to Cl�e repayment of thc Periodic Payments iP, and Yn the extent ChaC, eacli pnymeiit cau be paid in full. To the extenY Yliat aiiy excess exisCS aPtex the paymenC is applied to lhe full payment of one or more Periodic Payments, such cxcess may ve �pplied t'o any late char�es due. Voluntary prepaymente shall be applied first to any pcepayment chacges 2nd then as deseribecl in the�Note. 24000G20 NE�RASICA-6ingle Famlly-Fcnnia Mae/Frn�dle Mec UNIFORM INSTPUMENT Ponn 9028�;01 VMP pp V�APaINE��11061 Wol lera Kluwer Finonclal Sarvioas - Pago 4 pi'I J