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201209558 BORROWER COVENANTS that Boaower is Iawfully seised of the estate hereby com�eyeci and has the xight to �'ant and convey the Properiy and that the Proper[y is uueaicumbered, except for enciunbranees of recard Borrower warrants and�vill defend generally the fitle to the Propert5+agaiast all claims and demands, sub�ect to �y encumbrances of record. THIS SECURITY LNSTRUMENT combincs uniform covenants for national use and non-iuiifonn covenants with limited variations Uy jurisdiction to constitute a uniform seauity instrumcnt covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Gharges. Borrower shall pay��hen due the principal of, and interest on, the debt eoidenced by the I�Tote and any prepayment charges and late charges due under the Note. Borrower shall also pay fimds for Escrow Items pursuan[to Section 3. Pay�ments due under the Note and this Security Instrumeat shall be made in U.S. currency. However, if any check or other insuumcnt received by Lender as payment under the Note or this Security Instrument is retumed to Lender unpaid, Lender inay require that any or all subsequent payments due under the Note and this Security Instrument be made in one or inore of flie following forms, as selecied by Lemdcr: (a) catih; (b)money order; (c) certified check, bank check, treasurei s check or cashier's cneck, provided any such check is drawn upon an institution whose deposits are insured by 2 federal agency, instrumentality, or entity, or(d) ElecYranic Funds Transfer. Payments are dcemed received by Lender when rcceived at the location designated in the Note or at such other location as may be deaignated by Lender in accordance with the notice provisions in Section 15. Lendcr may return any payment or partia]payment if the payment or par[ial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, wikhout waiver of any rights hexeunder or prejudice�to its rights to refuse such payment ar partial payments in the future, but Lender is not obligated fo apply such payruents at the time such payinents are accepted. If each Periodic Payment is applied as of its sehefluled due date, fhen L,ender need not pay 3ntcrest on unappPied fimds. Lender may hold such unapplied funds cuirii Borrower makes paymcnts to bring the Loan current. If Borrower does not do so within a reasonable period oP timc, Lender shall either a�ly such fixnds or retum Lh�n to Borrower. If not applied earlier, such fixnds will be applied to the outstanding principal baiance under the Note immediately prior to fareclosure. No ofFet or claim�hich Boaowcr inight have now or in thz fuhve against Lender shall relie�e Borrower from m<�kiug payments due under the Note and this Security Instnunent or perfonning the eovenanfs and agreements sec�ed by this Seciuity Instrumcnt. 2. Application of Payments or Proc2eds. Excep[as othenvise described in this Section 2, all payments accepted and applied by I,ender aha11 bc applicd in the following prder of pr3ority: (a) iuterest due under Lhe Nofe; (b}principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Perioclic Payznent in the order in which it became due. Any remaining amounts shall be applied first to latc charges, second to any other amounts due under tivs Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Pay�nent which mchules a sufficient amount to pay any late charge due, the payment inay Ue applied to the delinquenL payinent and the late � charge. If more than onc Peciodic Payment is outstanding, Lender inay apply any payment received&om Borrower to the repayment of the Periodic Yayinents if, and to the e4tent that, each payment can be paid in fu11. To the extent that any excess exisTs after the pa}znent is applic�i to the full payment of one or more Periodic PaymenCs, sueh eYces�may be applied to any laka chazg�es due. Valuntary prepayincnts shall ba applied first to any prepayment chasges and then as described in the l�rote. zsooz�s� N;ERFSKFSingleFamity-Fanpiehi&PJFretldieMac IINIFORAI INSTRUMEN? Fo�m 3028 t101 VMP(n7 VMP6(N�(itOSj W ol:ers Kluw er Financial Services Page 4 of 1]