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200214001 THIS SECURITY INS'IRUMEN'I combines unifuru covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform seeurity instrument covering real property. UNIFORM COVENANTS. Borrower and I ender cmvmtam and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal ref, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Psyntmds due under the Note and this Security Instrument shall be made in U.S. carrency. However, train) check or other moluffnmd rc;cived by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Scemily Instrument be made in one or more of the following forms, as selected by Lender; (a) cash; (b) money order, (c) certified check, bank cheek, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, ins I rnnwtal iIy, or entity; or (d) Electronic ponds 'I'mnster, Paymems are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Leader in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current_ Lender may accept any payment or partial payment insufficient to bring the luau current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the fautrc, but Lender is not obligated to apply such Paymems at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender aced our pay interest on umtpplied funds. Lender may hold such ntmpplied funds until Borrower makes payments to bring the I otin current. If Borrower does not do so within a tea soon Mu period of time, Lender shall either apply such funds or return Ihcnt to Borrower, If not applied earlier, such hinds will be applied to the outstanding principal balance under the Note Inuncliately prior to foreclosure. No offset or claim which Borrower might have now or in the Lame against Lender shall mlicvc Borrower from making payments due under the Now and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. F.xc;pt as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall he applied first to late charges, second to any other amounts due undm' this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment tun be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Paymcuts, such excess may be applied to any late charges (Inc. Voluntary prepayments 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 due under the Note shall not extend or postpone the due date, or change the airman, ref the Periodic Payments. 3. Funds for Escrow Items. Burrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in fall, a such Bhe "Funds ") to provide for payment of amounts due for (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Properly; (b) leasehold payments or ground rents on the Property, if any, (c) Premiouts for any and all insurance required by lender under Section 5; and (d) Mortgage Insurance IQ-81NEt 11,11, of vvae o m t s Form 3028 1101 m�