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201205292 BORR�WLR COVENANfS thaY Boaower is lawfully scised of the estate herehy conveyed and has the ri�ht ta gxant and coavey the PraperEy+ and thaC the I'roperty is uncacumbe�ed, exaept for eucumbcances of re�cord Borrower warrants and will dcfend generally the tide to the Pmperty again� a!1 elaims and dcmands, subjeet ta arry encucnhranees of record THIS SECURITY INSTRUMENT combiraes uniform cov�nnnts fnr nntiunaI use and nort-un'sform cove°c�nts with limil�d vuriatinr� by jurisciicticui to cunstiiute a unifinm �ex:wily insatrum�t covering real gn�peNy. Unifot�t Coven�ts. Bonower and l.ender covenant acad ugree as follows: 1. Paymen# oi Prineipal,lnterest, Eserou►14ems, PrepaymentCharges, and Late Charge�. Borrower shall pey when due the principal a� and interest on, the debt evidenced by t6e btate and any pxepayment char�es and late clmr�es due under the IVote. Bwrower shal! also pay fo.nds for Escrow Items purs�ni to Sectioa 3. I'aymenta due uudcr thc Notr an�i tb'ss Sccnrity� Ins�rument shalt bc made in U.S, currcacy. However, if any check or other instnunent recei�,eci by Lender as payment under the Note nr khis Security Instnunent is returned to Lender unpaid. Lender muy reqnire that any ar all subseqt�ent paymeMs due under the Nute and this Security Instrum�n� be m�ule in one or more of thr fnlloeving focros, s� s�eleclexi by Lendrr_ (a} c�h; (ts) moeey ohclet; (c} ceriifitxl che<:k, bank chtxk, trc�esvrc.r's cbec:k ur cashier's ci►�k, pravided any auch check is drawn upon an iastitntian whose deposits are insurad by a fedsral agency, instrwnentality, or eenttity; or {d) El�tronic Ftmds Transfer. Payinents aze deemed received by Lender whea received at #he location designated in the Note ar at such other location as may be dc�ignatod by Lendcr in accordancc with the aotice pravisians in 5ection 15. Lend�r may retnrt► e.ny payment or pnrtial paymmt if tbe payment or pertiat �ymeats are insuffcient to bring t[�e Louz► cittrent_ Lender may ucceqrt any puyment or partiul payment insvffieieni to brin� the Loan current, wiihout wniver ofnny rig6ts hemuader or prejudice to its rights io refuse soch payment or psutial paymen4v in the future, hut Lsnder is not obtigat�cl tu upply such gayment� at the time such paymept.� ure acaepted. Tf eaah Periodi� Faymeat is applic;d us of tts schetluled due date, thcn Lender need aot pay inter�t on unapplied funds. Lexuder may hold svch unapPliecfi funcis unti� Harrower makes payutents to bring the Loan rucrent. If Borrower does nnt do so within a reasonable perind of time, Lcnd� shall c�ther apply such funds ar rehun thea► to Horrower. If not applied wrlier, such Eunds witl be applied to tl�e outstanding principal lxlanc;c undcx the Nate immediataly griar to foreclasurc. No affset or elaim whieh Borrowet might lzave naw or in the fixt�tt�e against i,ender shall re[ieve Borrower from matcing paymeats due u�ier the lvbte and this Security Instnsment or perfarmiag the coveaants and agrzements secwed by tlais S�ecurity IasKrtument. 2. Applica#iartof Paymerttsor Proceeds.Rxcept ah <�Lherwiye deucribed in thix Section 2, ali �rxyments accepted and applied by Leader shall be �pplied ia th� fallowiag ondar af priority: (a} interest due under the Note; (b) priwcipal due under the Note; (e) amonnts due under Section 3. Su.ch payments shal! be applied to �ch Petiodic Fayment ia the order in whic4► it became duC. Atry remaining F►mounts shall be appGe,d first to tate charges, second ta any other umouncs dae under this Security Insnvment, and then to nduce the principal batance oflhe Note. If Lender receives a paymeat fram Horrower for a delinqnent Periodic Pa�ment v�hich includes a sufficie�t amount to puy ftny late churge dae, the puyment mny be appiied ta lhe d�tinqueat paymeot and the late chargt. Tf mnre than on� Aeriudic Puyatent is <�ulhiunding, L.�nd�r may apply any paymenk rr,ceiv+xl fmm Bormwer to the repayment of the Periodic Puymznts if, and to ti�� exteni fhat, each payment ean be paid in fvll. To the extant that any excess eJt'ssts afier t6e payment is applic,d to tl�a fiill payme�t of one or more Periodic Paytnents, such excess may b� appliecl io any lntc charg� due. Voluntaey FrepaYments shall be apptied first to any prepayment cl�r�es and tb�n as described in the Note. ��SKA-Sfrtgle Pemlly-Fatmta M�7FmM6e tdae UNIFQRM INS7RUMENT Fctm 3028 ilOt UVdters Ktuaer F�re�ial9aroi�ea YMPB(NP� ��