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2� 1 ��3� 1 � <br /> BQRR�WER ��VENANTS that Borr�vver is lawful��seised of the estate hereby con�ey�d and has the r�gh�to <br /> grant and c�nvey�he Fr�per�y and tha�the Pr�perty �s unencumbered, exc�pt f�r en�uxnbran�es�f rec�rd. <br /> Borra�v�r warra�.�s and�i�I defend g�neral�� the��t��to�he Praper�y against al�c�a�rns and d�mands, subje�t to <br /> ax�y encumbrances of rec�rd. <br /> THIS SECUR�TY�NSTRUME�T com�ines unifarm��venants for nat�onal use and non-unifarm covenar�ts v�i�h <br /> �irni�ed variati�ns by�urisdic���n�� can�titute a uniform security instrurn�nt�o�rering real proper�y. <br /> Uniform �orrenants. Borrower and Len�er covenan� and agree as follovws: <br /> '1. Payment of Pr�ncipal. �nte�est, Escrvw �t�ms, Prepayment Charges, and Late Charges. Borr��er <br /> shali pay when du��he princ�pa� of, and intere�t�n, th�deb�evid�nced b�the Note and any prepayment <br /> charges and lat�charg�s due under the Nate. Borr�wer shall alsa pay funds for Escro�nr ��ems pursuan��o <br /> Se�tion 3. Pay.men�s due under the Note and this Secur�ty�nstrument shal�be mE.ade�n U.S. currenc�r. <br /> However, if any c�e�k or other instrumen�rec��ved by Lend�r as payment under the Nat�flr�h�s S�cur��y <br /> Ins�rument is returned tfl Lender unpa�d, Lender may re�u�re�hat any or a�l subsequent paym.ents due under <br /> �he N��e and this se�urz�y �nstrum�n�be made in one or more af�he fflllov�ing f�rms, as seiect�d b� Lender: <br /> �a}cash; �b}m�ney order; �c}cert�fied ch�ck, bank che�k, treasur�r's check�r cashier's ch�ck, pra�ided any <br /> such�hec��s drau�n upon an�nstitution whase deposi�s are insured�y a federa� ag�n�y, instrumen�ality., or <br /> entity; or�d} EZec�ror�ic Funds Tran�fer. <br /> Payments are deem.ed recezved by Lender when rece��r�d a�the loca��on des�gna��d xn the N��e or at such <br /> ather��catian as may be designa�ed by Lender in accor�ianc�with th�n����e provzszons in Sec��on �5. <br /> Lender may re�urn any payrn�nt or part�al payment if the payment�r par�ial payments are�nsuff�cz�nt to <br /> brzng the Loan curren�. Lender may accept an�pa�ment Qr par�ia�payment insufficien��o br�ng the Loan <br /> current, withou�waiver�f any rights hereunder or prejudice to zts rxgh�s to refus�such paym���or par��a� <br /> paymen�s �n the future, but Lender is no�ob��ga�ed to apply su��paymen�s at�he time�u�h paymen�s are <br /> acc�p�ed. �f each Periodic Pa�rment is app��ed as�f i�s scheduled due da�e, �hen L�nder need not pay interest <br /> or�unapp�ied funds. Lender may h�Id such unapp�ied funds un��� Borrawer ma.kes pa�men�s t�bring�h� <br /> �.�ar��urr�nt. �f�arrower doe�not d� s�v��thin a r�easonable p�riod of tim�, L�n��r sha�� ��th�er app�y su�� <br /> funds or r��urn�hem�o Borrou�er. �f n�t appl�e�ear�zer, such funds wi��be app�ied to the�uts�and�ng <br /> pr�n��pa� ba�at��e under the Not�im�med�a�e�y prior to forec��sure. No offset or claim whi�h Borro�ver might <br /> have now or�n the fu�ure against Lender sha�� reli�ve Borrow�r from making paymen�s due und�r�he N�te <br /> and this Secur�t��nstrum.en�or perfarm�ing the cavenant� and agreements secured 1�y th�s Security <br /> Instrument. <br /> �. Appfication vf Payments �r Prac�eds. Excep�as otherw�s�described in th�s Sect�an 2, a�� pa�rm�nts <br /> ac�ep�ed and applied by Lender sha��be applied in the f�ilawing order af priarity: �a} interest due under the <br /> Na�e; �b}pr�n�ipal due under the No�e; ��� amounts due under S�c�ion 3. Such pa�m�nts sha�l be app�ied to <br /> each P�r��d�c Paym�nt �n the arder in wh��h it becam�due. Any remaining amounts shall�e app�ied firs�to <br /> �at�charges, second to any��her amount�du�un��r this Security �nstrumen�, and then�o reduce the <br /> principal �a�ance�f th�Note. <br /> �f L�nder rece�ves a paymen�fram Borrower for a deiinquen� Per��di�Payrn�n��hich inc�udes a suff�cient <br /> amaun�to pa� any late charge du�, th�payment may be appli�d ta th�d�linquent payment and th�la�e <br /> charge. �f mare�han one P�r��dic Pa�xnen� is outs�arrding, Lender may appl� any paym�nt rece�ved from <br /> Borrawer to the r�paymen�of the P�riod�c Pa�ments if, and t� the ex�ent that, each�ayment can be pai��n <br /> fu�l. T� the ext�n��ha�any excess ex�s�s after the paymen�is app�i�d�a the fuli pay�men��f an��r more <br /> Period�c Payments, such ex�ess may be appl�ed��any�ate charges�iu�. �oluntar�r prepayments sha�i�e <br /> app��ed first to any prepayment�harges and then as described in the Nate. <br /> NE6RASif A-Sing�e�ar-r�i�y-�annie MaelFreddi�Mac uNiFORM 1N5TRUM�NT �orm 3028 11�i <br /> VMP Q VMPfitNE]4"E 34�� <br /> Wolters Kfuwer�inancial Ser�ices Page 4 of 7 7 <br />