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200214022 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with hurn-d vanaliena by jurisdiWien to con[timle a un iOna security inslrumcnl covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepeyntcnl Charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall he made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrunre w nl is retned to Lender unpaid, Lender may require that any or all subsequent payments due tinder the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's ohe:k, provided any such check is drawn upon an institution whose deposits arc insured by a federal agency, mstrumenmlry, or entity; or (d) Flecnonic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender 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 In bung the Loan current. Lender may accept any payment or partial payment insuflcient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the Ilnure, but [,Crider is 1101 Obligated to apply such paynICHIS W the time such paymcnLS are accepted. It each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds, Lender may hold such unapplied funds until Borrower makes payments to bring the Loan cunenl. If Borrower does not do SO within a reasonable period of lima, Lender shall either apply such funds or return them to Borrower. If pat applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this .Seeurily Inetnamenl or performing the covenanls and agreements secured by this Security Instrument, 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments aceeplel and applied by Leader shall be applied in llm 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 be applial firs) to talc charges, saved w arty other ananmis due under this Security TOSIrmllent, 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 it, and to the extent that, each payment can 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 Payrnams, such execs may be applied to any date charges due. Voluntary prcpaymcnLS 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 dire date, or change the a annum, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the 'Funds ") to provide for payment of amounts due for: (a) faxes and asscasmwts and other items which can attain priority Over this Security hashoulant as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any: (c) premiums for any and all insurance required by Lender under Section 5: and (d) Mortgage Insurance -61NEI iomstn P,9, a oa vs Farm 3028 1101