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200800270 THIS SECURITY INSTRUMENT com.l;Iines uniform CQven2I;l.ts for national use and non-uniform' covenants with limited v.mations by jurisdiction to constitme a uniform security instrument covering real property. UNIFORM COVENANTS. Bouowet and Lender covenant and agree as follows: 1. Payment of Principal, Interest, EKrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and. $l:l.Y prepayment charges and late roirge5 Que under the Note. Borrower shall also pay ti.l.nd.s for Escrow Items pu~uant to Section 3. Payments due WIder the Note and this Security Instrument shall be made in U.S. currenCy. Bowever. if any checli: or other insmnnent received by Lender as payment under the Note or this Security In5trwneut ia returned to.LeIloe( Ul;)paid, Lender may req\lU"e thal any or all subsequent payments dlle under the Note ane. this Security Instrwnent be made in one or more of me following fOl1Illl, as selected by under: (a) cash; (b) roonl!:Y order; (c) certified check, bank check, treasu(er's check or cashier's check, prOvided any such check is (ltawn upon an institution wbose deposits are insured 1>y a fedetal agency, instnImentali[y. or entity; or (d) ElectrOnic F'Ilnds Transfer. Paym.ents are deemed received by Lender when rttl!::ived at'the location designated in the Note or at such other location as JJJJiY be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any pay;rnmt or partial payment if the payment or partial payments are insufficient IO bring the Loan cutJ;'etlt. Lender may accept any payment or panial paymenJ: insufficient to bring the Loan current, without waiver of any rights hereunder or prejU(lice to its rights to ref\lse such payment or partial payments in the future, but Le.uClet is nor obligated to apply ruch payments at the time rucb ptlym,e:nt$ are accepted.. If eaeb. Periodic Payment is t1pplied as of its scheduled due elate, men Lender need not pay interest on \l.DaPpijtd funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do 50 wil:hin a reasonable penoe. of time,. Lender shall either apply such funds or return WI!:D'1 to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to fore:dO$UIe. No offset or claim which lIoxrower might have now or in tl;t,e future against WOO shall relifi!V1i! 1I0rrower from makin.s payments due uncJe.r the Note and this Security II1StI'I:Une1lt or perfonning the covenants and agreements secured by this Security Instrument. . 2. Application of Payments or Pro~eeds. EXCl:pt as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the followmg order of priority: (a) interest due under the Note; (b) principal due wd.er the Note; (c) amounts due WIder Section 3. Such payments shall be applied to each Periodic Payment in tbe or~ w, wmch it became due. Any re~g -mnounts shall be applied first to late charges, second to any other amounts d.ue under this Security Instrument, and tbea w reduce the principal balancl!: of the Note. Jf Lender receives a payment from Borrower for a delinquent Periodic payxn.ent which includes a suffic:ie:o.t amount w pay any late charge (lUt, the payment may be applied to the delinquent payment ,and the late charge. If 1llOte than one Periodic Payment is outstanding, Lender may apply my paymenJ: received from Borrower to the r~yment of the Periodic Payments if, and to the extent that, each payment can be 'paid in full. To me extent that any excess exists after the payment is applied to me full payment of one or more Periodic Payments, such excess may be applied to an:)' late charges due. Voluntary prepaymentS shall be applied. finit to any prepayment charges and then as described in'the Note. Any application of paymenrs, insuranCl: proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend. or posrpone me due date, or change the amount, of the Periodic Payments. J. Fund$ tor 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 swn (the -Funds") to provide for paymeIl,t of amounrs due for: (a) taxes and assessments and other items which can attajn priOtity over this Security Instrument as a li~ or encumbrance on the Ptopeny; (b) leasehold payments or ,sround rents on rhe Property, if any; (c) premiums for .any and all insurance required by Lender under Section 5; and (d) Mortgagl!: Insurance ,.) ~. Inilials: [ ~ .,"' _-6INEI roo05) page4M 15 Form 3026 1/01