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<br />UNIFORIM COVENANT'S. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Lscrow heirs, Prepayment Charges, and bate Charges.
<br />Borrower shall pay when due ate prrrtipai of, aro.d interest on, the. debt evidenced by the Note and any
<br />prepayment charges and late charges due under the Mote. %orrower shall also pay finds for Escrow Items
<br />pur�-uant to Section 3. Payments due under the Now and this Security instrument shall be made in U.S.
<br />curren,�V, lfow•evcr_ if any check or any other instrument received by Leader as payment under the Note or
<br />this Security instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments
<br />due under the Note and this Security Instrument be made in one or more of the following forms, as selected by
<br />Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is 'drawn upon an institution whose deposits arc insured by a federal agency,
<br />instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments arc deemed received by Lender when received at the location designated in the Note or at
<br />such other location as may be designated by 7 •.rider in acciii'darce with the notice provisions in Section 15.
<br />Lender may return any payment or partial payment if the payrnent or parti::! payment arc insufficient to bring
<br />the Loan current. Lender may accept any payment or partial par•mcia insufficient to bring the Loan current,
<br />without waiver of any rights hereunder or prejudice to its rights to refuse such payment of partial . -layment in
<br />the future, but lender is not obligated to apply such payments at the time such payments arc accepted. if each
<br />Periodic Payment is applied as of its si:hedulcd due date, then Lender need not pay interest on unapplied funds.
<br />Lender may hold such unappiied funds until Borrower makes p..ymcnts to bring the Loan current. If Borrower
<br />does not do so within a reasonable period of time. Lender steal' either apply such funds or return them to
<br />Borrower. If not applied earlier, such funds will be applied to the • )rim,anding prirwipaf balance under the No(r
<br />immrd ately prior to'fore.closare. No offset or claim which Borrower mig:,t have now or in the future against
<br />Lertde: shall relieve Borrower from making payments due under the Note and this Security Instrument or
<br />performing the covenants and agn ements secured by this Security instrument.
<br />2. Application of Payments or Proceeds. E.xccpt as other•.x-ise dekribed in this Section 2, all
<br />�,ay:nents accepted anal applied by Lender shall be applied in the following order of priority: (a) interest due
<br />under the Note: (b) principal due under the :Vote; (c) amounts due under Section 3. Such payments shall be
<br />applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be
<br />applied first to late charges, second to arty other amounts due under this Security Instrument, and then to
<br />_eice the principal balance of the ;Vote_
<br />if 1 -ender receives a payment from Borrower for a delinquent Periodic Payment which includes a
<br />ilcicr-t amount to pay' any 1?se charge due„ the payment maybe applied to the delinquent payment and the
<br />•d% ,: harg.e ;f more tha ; one Periodic Payment is outstanding. Lender may apply any payment received from
<br />W_
<br />r to the repatiment of the !lcriaJic Payment: if, and to the extent thaL each payment can be paid in full.
<br />the extent that any excess exists after the payment is applied to the full payment of one or more Periodic
<br />n;cnLs, such exc.-.%s maybe applied to any °:rte charger due. Voluntary prepayments, %hall be applied fret to
<br />: x, prepayment charges and then as descril dI in the Note.
<br />Any application of payments, ii�urncc proceeds. or \,ucella,•teous Proceeds to prmcipal due under
<br />the :Vote shall net extend or postpone the due date, or change -hr amotmt, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due
<br />under the Note. until the Note is paid in fi:il, a sum (the "Funds ") to provide for payment of amounts due for.
<br />(a) ta-re_c and assessments and other items which can attain priority over this Security Instrument as a lien or
<br />encumbrance on the Property: (b) leasehold payments or ground rents on the Prc+mrty, if any-, (c) premiums for
<br />at,-.- and all insurance required by Lende; under Section 5; and (d) Mortgage Insurance premiums, if rny, or
<br />any sums payab'u by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums L„
<br />accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any
<br />time during the term of the Loan, Lender may require that Community Association Dues, Fees and
<br />Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow item.
<br />Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section.
<br />Iniiiats�A.. fig-
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<br />Farm 3028 1,01
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