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0042603332 <br />200305705 <br />THIS SEC URITYINSTRLIMENTcombinesiniformcovenantt3or nationakiseand non-uniform <br />covenantwith limitedvariationdy jurisdictiorlo constitute uniformsecuritynstrumer -Coveringeal <br />property. <br />UNI FOR MCOVENANTSBorroweandLende cove nargndagre6asfoIlows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. <br />Borrowershallpaywhendue the principabf, and interesbn, the debtevidencetiytheNoteandany <br />prepaymer& argeandlatechargedueundedheNote .Borroweishallalsopayfundsfor Escrowitems <br />pursuanto SectiorB. Paymentdueunderthe Note and this Security lnstrumenthal The madein U.S. <br />currencyHoweverif anycheclorotherinstrumerrleceivedbyLenderaspaymentindertheNoteorthis <br />Securitgnstrumenit returnedlo Lenderunpaid�endermayrequirdhatanyor all subsequelYayments <br />dueundedheNoteandthisSecurit�nstrumertiemaddn oneormoreof thefollowingforms,asselected <br />by Lender(a)cash(b) moneyorderjc) certified; heckpankchecktreasurer isheclorcashier'sheck, <br />providedany suchcheckis drawnuponan institutiorwhosedepositsare insurecby a federalagency, <br />instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Paymentaredeemedeceivedby Lenderwhenreceived tt the locatiordesignateiah theNoteorat <br />suchothedocatiorasmaybe des ignateldy Lendein accordanceith the noticeprovisionin Sectior15. <br />Lendemayreturranypaymer ,brpartiapaymerif thepaymenmrpartiapaymentareinsufficier tbbring <br />the LoancurrentLendeimayaccephnypaymenbr partiapaymeninsufficiento bringtheLoancurrent, <br />withoutNaiverof anyrightshereundarrprejudictjo its rightsto refus(suctpaymertrpartiapaymentign <br />thefutureputLendeis notobligatedb applysuclpaymentatthetimesuctpaymentareacceptedf. each <br />Period id'ayments appliedasof its scheduleduedate thenLendemeednot pay interesbn unapplied <br />funds. Lendermay hold suchunappliedLndsuntilBorroweimakeqDaymento bringtheLoancurrentlf <br />Borrowedoesnotdo sowithina reasonab*riodof time, Lendershalleitherapplysuchfundsor return <br />then-to Borrowertf not applieabarliersuctfundswiII beappliedotheoutstandirprincipabalancender <br />the Note immediatelpriorto foreclosureNo off setor claimwhichBorroweimighthavenowor in the <br />futureagainst _endershallrelieveBorrowedrom makingpaymentdueunderthe Noteandthis Security <br />Instrument or performing the covenants and agreements secured by this Security Instrument. <br />2. Application of Payments or Proceeds. Excepbsotherwisdescribeiih thisSectior2, all payments <br />acceptedndapplied)y Lendeshalbeappliedn thefollowingorderof priority:(a) interestlueundedhe <br />Note;(b) principatiueundertheNote;(c) amountslueunderSectiotS. Suchpaymentshalbeappliedo <br />eacWeriodid?aymeriib theorderin whichit becamdue.Any remainingmountshalbeappliedirstto <br />latecharge%econtb anyotheramountdueundedhisSecurit *nstrumen $ ndthento reductheprincipal <br />balance of the Note. <br />If Lenderreceivesi paymenfrom Borroweaor a delinquenPeriodicPaymentvhich includesa <br />sufficienttmounto payanylatechargdue thepaymentnaybeappliedo thedelinquerpaymengndthe <br />latechargelf morethanonePeriodid Paymerit; outstandindendemayapplyanypaymenrteceivettom <br />Borroweto the repaymerdf the Periodid?aymentit, andto the extenthat ,eachpaymeneanbepaidin <br />full. To the extentthatanyexces existsafterthepayments appliedo thefull paymenbf oneor more <br />Period icPaymentsuchexcessnaybe appliedo any latechargedue .Voluntaryprepaymentmallbe <br />applied first to any prepayment charges and then as described in the Note. <br />Any applicatioof paymentsnsurancproceediDrMiscellaneoff§oceecfsD principatlueundedhe <br />Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. <br />3. Funds for Escrow Items. Borroweshallpayto Lendenntheday Period Waymentaredueunder <br />theNote,untiltheNoteis paidin full, a sum(the "Funds ")o providefor paymenmf amountduefor: (a) <br />taxesandassessmerEedothe rite mswhich can attairpriorityoverthisSecuritytnstru merits a lien or <br />encumbranam the P rope rty(b) Ieaseholpaymenter ground'entson thePropertyfj any;(c) premiums <br />for any and all insurancerequiredby Lender under Section 5; and (d) Mortgage Insurance <br />Initials: <br />M -6(NE) (000s) Page 4of is Form 3028 1 /01 <br />