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201304339 MAY. 29. 2013 2:58PM WELLS FARGO HM MTG NO. 8159 P. 24 BORROWER COVENANTS that Borrower is lawfully eeieed of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered., except for encumbrance's of record. Borrower wartants and will defend generally the title to the Property against all claims and dexnanda, subject to any encumbrances of record, THIS SECURITY INSTRYTMENT combines uniform covenants for national use and non- uniform covenants wig limited variation by juriedictlan to constitute a unlearnt security instrument covering real property, Uniform Coeonantc. Borrower and Lender covmnnt And agree as &nova; 1. Payment of MAW, Interest, escrow (tome, Prepayment Charges. and Late Chttrgae, Borrower &ell pay When due the principal of, and interest on, the debt evidenced by the Nate and any prepayment charges and Iate charges dee under the Note. Borrower shall aleo pay finds for Escrow Reath purauant oo Seetlou 3. Payments due under the Note and this Security Instrument shall be made in U.B. cufty. However, If any theca or other instrument received by Lender as payment nt under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent paymenta due amdcr the Note and this Security Inatriwneeht be made in one or more of the following forms, as selected by Lender: (a) caelli (b) nt=ney order; (c) certified check, bank check, treasurer's cheek or cashier's check, provided any such cheep is drawn upon an institution whose deposits are inured by a federal agency, instrumentality, or entity: or (d) Bleetraoie Funds Transfer. Payments are deemed received by Lender when receives, et the location deetenated in the Note or at such other location at may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial paymtntc are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse Seh payment or partial payments in the furore, but Lender it not obligated to apply such payments at the time arch payments arc accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such =applied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a ree3onable period of time, Lcndcr shall either apply each fhnds or return them to Eerrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offiest or claim which Borrower might have now or in the future against Lender shall relicvc Borrower from ma d g payments due under the Note and this Security Instrument or perfortpjmg the covenants and agreements secured by this Security 11Btrameot. 2. Application of Payments or Proceeds. Except as otherwise descr in this Section 2, all payments ranted and applied by Lender shall be flied in the following order of priority: (a) ictereat due under the Note; (b) principal due under the. Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order In Much it became due. Any remaining atnoutux ahalI be wiled first to late charges, second ro roily other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chsrrge due, the payment May be applied to the delinquent paymertt 8Ud the late charge. If ttrcre than one Periodic Payment is outmoding, tender may apply any payment received from Borrower to rate repayment of the Periodic Payments if, and to the extent that, each payment can be pald in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late Charges due. Voluntary prepayments shall be applied first tie any prepayment charges and then as described in the Note. InC4421 A mile gamttM amle MtatFrotlae Mee UWFOflM IWCTMJMeIT VMF 0 Woken al.mer Fina„eiel aerv>e. VIMP6 NB 111 osi $C Pepe e• oily 05/29/2013 4:01PM (GMT- 05:00)