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200207239 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non uniform covenants with limited solutions by jurisdiction to constitute a uniform scram itv instrument covering real property . UNIFORM COVENANTS. Borrower and I antler covenant and agree as follows: 1. Payment al Principal Interest, Escrow Items, Prepayment Clmrges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Sore and any prepayment charges and late charges due under the Note. Borrower shall also pay ftmds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency _ However, if any clack or other insinuated received by Lender as payment Im lm the Nom or this 5erity Instrument is induced to Lender unpaid, Lender may require that any or all subsequent payments due under dm Node aid this Security Instrument be made in one or more of the following forma, is selected be Lender: (a) cash; (b) money order; (c) certified check, bank check, Treasurer's check or Caddei s check, provided any such check Is drawn upon an institution whose deposits are insured by a tederal agency, instrumentality. or utility; or ph Electronic Funds Transfer. Payments are deemed received by Lender when received at the location desinutial in the Node or cal Mach other Intuition as may be designated by Lender in accordance with the notice provisions In Section 15. Under muy return any payment or Partial payment if [he payment or partial payments are sufficient m bring the Loan careen(- I under may accept any payment or partial payment insufficient to bring the Loon vacuum. with"m waiver of any rights hereunder or prejudice to Its rights to refuse such Pioneer or partial payments in the future, but Lender is not obligated to apply such paymeno EI the time such payments are accepted- If each Pedodid Payment Is applied as of its scheduled due date, then Under noted not pay interest on atrophied funds. Lender may hold such mapplied funds Limit Borrower makes penmems nr bring the Loan current, If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. It our applied earlier, such funds will be applied to the outstanding principal balance under the Nate immediately prior to foreclosure. No "fist[ er claim which Borrower might have now or in the finure against Tender shell pelican Borrower from making payments due under the Note and this Security Instrument or performing the coverants and agreements secured by this Security Instrument, 2, Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (it) interest sue wider [Ire Node; N) principal rum under the Note, (e) amounts due under Section 3. Such payments shall he applied to each Periodic Payment in the order in which it beware due. Any remaining amounts shall be applied first to late charges, second many other amounts dud under this Security Instrument and then to reduce the principal behind of the Note. If Lander receives a payment from Borrower for a delinquent Periodic Paynnem which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent prymem and the lade charge. If more than one Periodic Payment is outstanding, Under may, apply any payment received Nom Borrower to the repayment of the Periodic Payments if, and to the extent Nat each payment can be paid in full. To the cartel That any excess exists after the payment is applied to the Poll payment of one or more Periodic Payments, such excess may be applied to my lade charges due. Volatility pmpoymmntv .shall be applied first to any prepayment charges and then as described in the Note Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal doe under the Note shall net extend a postpone the due date, or change the amount, Of the Periodic Paylnems, 3. Funds for Escrow Items. Borrower shall Pen w Lender on the day Periodic leaymcros are due under the Nom, until the Node is paid in full. a sum (the "hands' ") to provide for payment of continue due for (a) hazes and u . xrnent% and other items which em attain priority over this Security Instrument as a Gen or encumbrance the Property; do larded paymeua of ground rent% on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5, and (d) Mortgage Insurance ®7eMEl ionnat F.04.r16 �/�� Furm3028 1101