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20020345.4
<br />TINS SHCURITY INSTRUMENT cxumbines. uniform covenants for national use and non- uniform
<br />coveivaats with limited variatieuns by jurisdiction to constitute a uniform security instrument covering real
<br />property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1 ftylftw` of 11PHadpd, �'Imeetak, 11curow, Items, Prepowment Charges, and Late Charges.
<br />shall pay, who* due, ft,priwW of; and inteveston, the *W - evidented by the Nw. and, any,
<br />prepay"Unt, charges-and Ise charge t due -under do Now.: Don*mrm hall ,alw ;pvy AmiWforEserm meals
<br />pursuant,,to4ectioa 3. Payments doe under the Note and0is Seewity hismunent shag, bearsab in U.S.,
<br />--t-turrency. However,, if any cbeckor other instrument received by Lender as payment under the Note or this
<br />Security1nstrament is itturned to Lender unp&K Lenders requimtko say,4r all subseqaa paystem
<br />doe under the ,NOW and this ,Securhy'lnstrtmieut be made in we rou to e• of the fbillovAeg -betus, as
<br />selected by Lender: (a). t cash; , (b)niawy, order;. + cY certified -cbeak; banki'theek, treasim's -,check, or
<br />cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a
<br />federal agencyt , insuumentatity, or entity; or (d) Electronic Funds Transfer.
<br />Paymentst,a• deemed received by Lender when received at the, lodam 4esignatod in the Note or at
<br />such other lowdon as may,be designated by Lender in accordance with the notice provisions in Section 15.
<br />Lender -nay ram-any psyssa or partial paynvM if the payment or parfiml�p"ftemWwe insufftiont to
<br />bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan
<br />current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial
<br />payments in the future, but Lender is not obligated to apply such payments at the time such payments are
<br />accepted. If each Periodic Payment is applied as of its scheduled doe date, then Lender need not pay
<br />interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to
<br />bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall- either
<br />apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the
<br />outstanding principal balance under the Note immediately prior to foreclosure. No offset or'claini which
<br />Borrower might have now or in the future against Lender shall relieve Borrower from making payments
<br />due under the,, Note, and this Security Instrument or Verfaming the covenants and agreements secured by
<br />this Security Instrunient.
<br />2. Applienfim of ftymenb%or.-, Proceeds. Except as otherwise described in this Section 2, all
<br />payments accepted and applied by Lender shall be applied in the following order of priority: (k) interest
<br />doe under the Note; (b) principalAse under the Note-, (c) amounts due under Section 3. Such payments
<br />shall be applied to - each Periodic,Paynaa in the or&r in which it became doe., Any reolaining- amounts
<br />shall be applied first to late dMqps, second to any other amounts due under this Security Instrument, and
<br />then to reduce the principal balance of the Note.
<br />If Lender receives it payment from Borrower for a delinquent Periodic Payment which includes a
<br />sufficient amount to pay any late charge due, the payment maybe applied to theAdlinqperit payment and
<br />the late charge. If more than one Periodic, Payment is outstaadingrI LiendermW apply any payment received
<br />from Borrower to the repayment of the Periodic Payments if, and to the extant that, each payment am be
<br />paid in full. To the extent that any excess exists after the payment, is applied to the: full payment of one or
<br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shill
<br />be applied first to any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under
<br />the Note shall not extend or postpone the due doe, or change the.amount.; of1the Periodic Payments.
<br />.- 3, Funds for ` F;screw Itansi, Borrower shall pay to Lender on the day Periodic Payments we due
<br />under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due
<br />for: (a) taxes and assessments and other items which coin attaui-priority�over this Security Instrument as a
<br />lien or encumbrance on the Property; (b) leasehold payments or ground rents ow,the Property, if any; (c)
<br />premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance
<br />NE) sw5wi Pme 4 of 15 Form 3028 ,1/01
<br />3001Z031V I
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