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200600025 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and. bas the right to grant a:nd convey the Property and that the Property is unen.cwnbered, except for encumbrances of record. Borrower wam:nus and will deferul genenllly the title to the Property agaiIl.'lt all claims and delIL:1nds, subject to any encumbrances of record. THIS SECURJTY INSTRuMENT combines UlIifon:n Coven:mts for national use llIld non-uniform covenants with Hrnited. varia1ion.'1 by jurisdiction to con~t\l1l:: a. uniform security instrument covering real propeny . UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal. Interc:stt E.'ICl'OW Items, Prepayment Ch~ and Late CIw'guI. Borrower shall pay when due the principal of, and interest on, the debt evidt:nccd by the Note llD.d. any prepayment charges and late charges due under the Note. Bottower shall also pay funds for Escrow hems pursuant to Section 3. Payments due \u1dcr the Note and this Security Irt.'1ttwnem: shall be made in U.S. currency. However, if any check Ot other instrument received by u:ndcr as payment under the N ole or this S~rity In~t is returned to Lender unpaid. Le:ndet -maY' require that any or all subsequent payments due under the Note and this Secwity InStrunx::nt be made in one or mon;:: of lhe 10110wing forms, as Sl;!led.ed by Lender: (a) cash; (b) money order; (c) certified check, bank check. lrea.onrrcr's check or cashier's cbeck, provided any such check is drawn upon ~ institution whose deposits are intlured by a federal agency, instMJJenUility, or entity; or (d) Electronic Fwnlll Tl".msfer. Payments are deemed received by Lender when received at the loc;ltion designated in the Note or at such other location as may be de$ignalcd by Lender in accordance with the notice provisions in Section 15. lender may return any pa)'lJlent or parti&l payment if the payment or parti.al payments are insufficient to bring the Loan current. Lender may accepr any payment or partial payml;.."Ill insufflCient to bring the Lo<m current. without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the f1il.wc. bur Lender is not oblisated to apply such payments at the time such paymetlls are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied fImds WlliJ Borrower makes payment to brir1g the Loan current. If Borrower doel$ not do so within a reasonable period of time. Lender shall either apply such funds or return. them to Borrower. Ifnol applied earlier, such funds will be "pplied 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 agaj~ Lender shall relieve Borrower from making payments due under the Note and this Security b:1SP:Ument or p<.'Tfonmng the covenants and agreementlol secured by this Security Instrument. 2. Application of Payments or Prucerd'l. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the followiDg 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 Periodie Payment in the order in which it became due. Any remaining amounts shall be applied first to late charge:'!. second to any other amOl,mts due under this Security Jnstnnnent, and then to reduce the principal ballll'lcc of the Note. If Lender receives a paymentfrc:ml Borrower for a delwquent Periodic Payment which includes a Kuflicicnt amount to pay any late chllJ"gc due, the payment may be ::tpplicd to the delinqllel1t paytt'lCllt and lhe late charge. If more wan OIl!;l Pc::riodie Payment is outstanding. Lender may apply any payment received from Borrower to the repaymenl of the Periodic Paymenttl if, and to the extent that, each payment can be paid in full. To the extent thatllI1y cxcc..IlS exists after the payment is applied to the fuH payment of one or more Periodic Payments, such excess may be applied to any late d1atges due. Voluntary prepayments shall be appTiedfir.n to any prepaymem cbarges and then as described in the Note. Any application of payment'l. insurance proceed$, ot Miscellaneous Proce::ed.'l to principal d.\le under the Note shall not e;x;tend or postpone the due elate, or change the amount. of the Periodic Payments. 3. Fund... for &crow Items. Borrower shall pay to u.-nder on the day Periodic Payments are due under lhe Note. until the Note ill paid in. full, a SlJD'l (thr: ~Funds") to provide for payment of amounts due for: (a) taxes and assessment'! and other items which can attain prioritY over this Security Instromenl a'l a lien or encumbrance on the Property; (b) lea..'lChold payments or grol,lIld rents on the Property, if any; (c) premiums for any and. aU inmrance required by Lender under Section 5; and (d) Mortgage Insurance Rt)1 Inilialsl RJ:J 0512096854 G-6AINEI (04071 tD P.ge 4 or 15 Form 3025 1101 980'd ]:081882:918 31JIl lSHI~ XlIHfiJ3S L8:81 9002:-91-J3G