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201209535 BORROWER COVEIQ?.NTS that Borrower is lawfully seised of the estate hereby coirveyed and has the right to �-ant and convey the Property wd that the Property is unencumbered, except for enc�.unbrances of record. Sorrower warrants and will defend generally the title to flie Properiy against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with lunited variations by jurisdiction to constitute a uniform security inshvment covering real property. Uniform COvenaMs. Bonower and Lender covenanC and aan-ee as folloa�s: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay whPxi due ihe principal of, and interest on, the debt evidenced by the Npte and any prepa�neat charges and late charges due under tfie Notc. Borrower shall also pay funds for Escro��Iteins pursuant to Section 3. Payments due under!he NOte and flus Secmzty Inslntment shall be made in U.S. curreucy. However, if any check or other instrument received by Lcnder as payment under the Note or this Security Insh-ument is retumed to Lender unpaid, Lender may require that any or all subsequent pa}nnents due under the Note and[his Securit7 Instnunent be made in onc or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, heasurer's check or casYue�s check, provided any sueh chock is drawn upon an insfitution whose deposrts are insured b�a federal agency, ivshumentaliiy; or entity; or(cn Electronic Funds Transfer. Payments ue deemed received by Lcnder when xeceived at the location designated in the Note or at suc`n other locarion as may Ue designated by Lender in accordance wYth the notice provisions in Section 15. Lendex may return any payment or partial payment if the pa}nnent or paztial payments are insnfficient to bring the Loan current. Lender may accept any payment or pazlial pa}�ment insufficien[to brinn=the L,oan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in tlic fiinue, but T ender is not obligated to apply such payxnents at rhe tune such payments aze accepted. If each Periodic Payment is applied as of its schedulcd due date, then Lender nccd not pay interest on unapplied funds. Lender may hold such unapplied funds until Boirower makes payments to bring the Loan current. Ii Borro�ver does not do so within a reasonable period of tune, Lender shall either apply such funds or return them to Borrpwer. If not applied earlier, such fiands will be applizd to the ouYstanding pr�ncipal balance under the Note immediately prior to foxeclosure. No offset ar claim which Borrower iniaht havc now or in the future against Lender shall relieve Borrower from making payments due undes t}ie Notc and this Security�Ins�mnent or performing the cocenants ancl a��eements secured by this Seeurity Instrument. 2. Application of PaymenEs or Proceeds. Exczpt as otherwise described in this Secrion 2, all payments accepted and applied by Lender sha11 be applicd in the following order of priority: (a) iiiterest due uudcr lhe �Iote; (b)pxiacipal due under the Note; (c) amounts due under Section 3. Such pa}weffis shall be applied to each Periodic Payment in the order in�vhich it becacne due. Any remaining amounts shall be applied first to late chazges, second to any o[her ainounts due under this Security�Instruuient, and then to reduce Lhe principal balance oY the Note. If Lender xec.^ives a paysnent from Bosower for a delinquent Periodic Payment which includes a sufficient amoLmt to pay arry Iate charge due, the payuient inay be applied to the delinquent payment and the late chug0. If more then one Periodic Payment is ontstanding, Lender may apply any payment received froin Borrower to the repayxnent of the Periodic Payment,if, and to the extent that, each payinent can be paid in full. To the extent tbat any excess exists after the payznent is applicd to the full payment of one or inore Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall bc applied firs�t to any prepayinent charges and then as desczibed in the Note. 2?002]32 N�Rh�KASingle Femily-'rannie tdaziFretldle Nac UNIFORA7 INSTRUh1�1T Form 3�28 1lQ� V41P� VMP5(NEJ(1105` V/o:ters Xlawer Finar.ciai Services Page 4 of i]