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200706105 THIS SECURITY INSTRUMENT combines 1i1iiforttlcovenants fornatio:i1al use andnon-unifoi:m covenants with limited variations by jurisdiction to constitute a unifonn security instrument covering real propeny. 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 princip:i1 of, 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. Payrilents due under the Note and this Security InstrumentshaUbe made in D,S. currency. However, if any check or other instrument received by Lender aspaymentundettheNoteor this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due urtder the Note and this Security Instrument be made in one or more of the followingfoi:ms, as selected by Lender: (a) cash; (b) money order; (c) certified check. batik check; treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by .a federa.l agency. instrumenta.Iity, or entity; or (d) Electronic 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 noticeprovlsionSinSection 15. Lender may.return any payment or partial payment. if the payment or. panialpayments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder oi-prejudice to its rights. to refuSe. such payment or partia.I payments in the. future, but Lender is not obligated to apply such- payments at the time such payments arc accepted. If each PeriodicPaymel1t is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrowcrmakcs payments to bringthetoan current. If Borrower does not do so withil1 a reasonable period of time, Under shall either apply such fundsorretum them to Borrower. If not applied earlier; such funds will be applied to the outstanding principal balance under the Note. immediately prior to foreclosure. . No. offset or claim which BOrTowermight have now or in the future against I.,ender shall relieve BorroWer from making payments due under the Note and this Security Instrument or performing the covehants 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: (a) interest due undei-the Note; (b) principal due under the Note; (c) amounts due under Section J; Such payments shall be applied to each Periodic Payment in the . order in which it becaIne due~Any remaining amounts sha.Il be applied first to late charges, second to any other amounts dUe under thisSecutity Iilstrument, and then to reduce the principal balance of the Note. If Lender receives a . payment ftom Borrower fOr a delinquent Periodic Payment which includes a sufficient amount topay any late charge due, the payment may be applicdto the delinquent payment and the late charge. Ifmore than one Periodic Payrilent is outstanding, Lender may applyariypayment received from Borrowetto therepayment of the Periodic :Payments if, and to theextentthat;eachpayment can be paid in full. To the extent that any excess exists after the payment is applied to thefllllpayment of one or more Periodic Payments, such excess may be applied to any late chargeS dUe. Volurtta.ryprepayIi1ents shall be applied first to any prepayment charges and then as described in the Note. AnyappIicationof payments, insurance proceeds, or Miscellaneous Proceeds to principal due under thcNotesha.Il not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items; Borrower shaH pay to Lender oil the day PeriodicPa.ym:ents arc due under the Note, until the Note is paid in full, a sUm (the "Funds ") to provide fot 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 Property; (b) leasehold>payments or gi-oUndrents pn the Property, if any; (c) premiums for any and all insurance required by Lender under Section. 5; arid (d) Mortgage Insura.nce .q.6(NEl104071.02 Initials: ~ 0110269441 Form 3028 1/01 Poge 4 of 15