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201206911 RORROW�R COVENANTS fhat Borrower is lawf'ully seised of the estate hereUy conveyed a�id has the riglit to grant a»d convey thc Prapor{y Ang that tho Yroperty is i�t�cncuml�crcd, cxcept for e�icuinbrances of record. Borrower warrants nnd will defend ge��erally fhe title to Hie Property againat all clainls and detnancls, subjecC to Tny encwnbrances of record. THIS SECURITY INSTRLJNIENT coinl�ines uviform covenanYs ior national rise and non-uniform covenants with 7iinited vv�iatimis by,jurisdiction to conetitutc a uniform sceurity insi.i��unent covering real property. Uniform Covenants. 73orrower a�id LeiTder coveuaut and agree ae followe: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and L.ate Charges. Borrower shall pay whan due the principal of, and int�erest oii, fl�e debt evidenced by t1�e Note and any prepayment charges and lAke chaxges dne undex tfie Note. Borrower ahall also pay funds for Escrow Iteme pw•auent Yo Seotion 3. PaymenEs due under the NoCe 2nd Yhis Secmity IlisCnunent shall be inade in U.S. ciureucy. However, if any clieck or otl�er instrwneut receivcd by Lcnder as paymcnt under tho Notc or this Securit5� Instrwi�e��Ns ratm�ned tio Lcndcr impaicl, Len€ier may require lhe[any or all aubsequent payznente dne under �he Note and thie Security Iusf�nment be mnde in one or more of Ylie follownig forms, as selected by Lender: (a) oash; (b}money ordei; (c) eertifiad check, bank cl�ecic, treasurar'e checle or casl�ier's ci�ecic, providod any such�check is drawn upon an instihttioti vahosc dcposils are ineureci by a federal agency, inslrumenCality, or entity; or (d)Llc;ch�onio Funds Tranefer. Fayments are clee�ned reccivcd Uy Loudcr whcni reoeived et Che loeaCion design2fed in the Notie or at such ntl�cr location a�mn�be desigi�Cec{by I,�nder in accordnnce with the norice pxovisions in Section 15. Lendex mny return eny payment ar partial payment if the pa�ment or parti�l payinents are insufficient Co bcing�tho Loan cureent. Lender map accept any payment or partia1 pa3nnent insufficiemt to bring I;he Loan ew�rent, without waiver �rF any rights hercunder or prejudice to its righ[s lo reFitse auch payment oi pertfal payu�ents in the fiihire, Uut Leuder is not obligated to apply such peyments at Y1ie tune such paginents u a accepted. If each Periodia Payment is applied as oF its schednled due date, tl�en Lendor nced not pay intcre.�C on anapplied fimcls. Lendcr may hold si�ch imapplied firnds imlil Borrower makes pa}nnents to biing the Lo�i ct�rrenc. If Aorrowex does not do so within a reasoneUla period of time, Leuder sl�al] aither apply sucl� fiuids or refmn tham tio Bocrower. I�f noti applied ea�9ier, suc1i funds wi11 be apylied to the outstemding principal ba�la�ice under tlie Note iinmediately prior tio 1�oreclosure, No offneC or clnim wl�icl�i Borrower might ha�e now or in the future againsE Lender shall relieva Borrower from malcing pa}nilents due under the Note a;id Yhis Secw�ity Histiwnent or pexforming flie covenants and agreemcn�lts secLu�ed by tl�is Security Infitr-un�cnt. 2. Application of Payments or Proceeds. L�xcept na oCherwise clescribetl iu 11iis Sectian 2, ell pn}nneucs ecoepCed nuci applied l�y Lendex shn11 Ue npplied in tlie followiug order of priority: (A) intexest due widar the Noto; (b)pliiicipal due under t1�e Note; (c) flmotwts dtiie titnder Seation 3. Such paymeuts sllall be applied to each�Periodic Payn�cnt in tl�e nrdcr in which iti became due, Any remainiug amouuts shall be applieci P3rst tio la�o�charges, aecond to�Any other unoimts dne under this Security Insh•uinent, and then to reduce the principnl bnl�nce of the Note. If Leuder reeeives a payment from Borrower for a delinquent Periodic Payment wliich includas a sufticianC amount to pa�y any late chaige due, the�ayment may be applied to tl�e delinquent pay�ne�if and the late charge. Lf more thrn� one I'uriodic Payment ie outsttmiling, Lc�ndcr m�.y wpply any�ay�nnnt rceeived ffon� Borrowcr to the��epn}�nenC of Che Periodio Pnyments if, nnd to the extent that, each pnyinent can be��id in fixll. To the exteut thaC any excess exists tif'ter Che paymeut is applied to the 1ia11 paymenC of ona or mnre Periodie Paymellty, suc1i exces+�n�ay ba applied to any]ato chargas duo. Vohmtary prcpay+nonts sl�all bc ap�licd first to nny prepnymenf cherges aud khen as described in the Note. -- J— 24001841 NGf3RA5KASinylo Famlly-Funnla M aafFretldle M ac UNIFORM 1�95TRIlM ENT Porm 9020 7101 VM P(y VM P6(N€j(170G� N.�oltere I(luw er flnancial 5ervices Pege 4 of 7 7