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200801215 THIS SECURITY INSTRUMENT combines uniform covenants tor national use and non-unifonn covenants with limitlXl variations by jurisdiction to constitute a uniform security insIIUment covering real property" UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment or Principal, lnterestt Escrow Items, Prepayment Chnrgcs, and Late Cbarges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and lale charges d\le under the Note, Borrower shall also pay funds for Escrow Items pursuam [0 Section 3. Paymems due under the Note and this Security InsII1lment shall be made in U.S. currency. However. if any check or other instmment received by Lender as payment under the Note or th.i.s Security Instrument is retumed to Lender unpaid, Lender may require that any or all subsequent payments due Under the Norc and this Security Instrument be lMde in One or more of the following fonDS, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank: check, treasurer's check or cashier's check, prQvided any such check is drawn upon an institution whose deposits are insured by a federal agency, instl11mentaIity, or entity; or (d) Electronic Funds Tran.qfcr. Payments are deemed received by Lender when received at the location dC$ignated 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 parti<tl payment if the payment Or partial payments are insufficient to bring the loan current. Lender may accept any payment or panial paymr;mt insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to reti.lse such payment or partial payments in the future, bUl Lender is nOt obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is apphed as of its scheduled due dale. then Lender need nOl pay interest on unapplied funds. Lender may hold sue}) unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within 11 reasonable period of time, Lender shall eitber apply such funds or return thew to Borrower. If not applied earlier, such funds will be applied to the QUlSlandillg principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future a,sainst Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfonning the covenants and agreement!> secured by this Security Instrument. 2. Applicatlo.o of Payments or Proceeds. Except as orherwlse described i.n this Section 2, all payments accepted am;!. applied by Lender shall be applied in the foHowing order of priority: (a) interest due under lhe 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 Ilmounts shall be applied first to late charges, second to my other amounts due under [his Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment frOm Bon-ower for a delinquent Period.ic Payment whicb includes a sufficient amount to pay any late charge due, the paymellt may be applied to rhe delinquent pay~t and the late charge. If more than one Perjod.ic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, i;:2ch payment can be paid in full. To [he extent that any excess exists after the paymem is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late Charges due. Voluntary prepayments shall be applied first to any prepayment charge!) 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 chanse the amowu, of the Periodic Payments. 3. Funds (or Escrow Items. .6orrower shall pay to Lender on the clay 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 tor: (a) taxes and assessments and other items which can attain priority over this S~urity Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rentS On the Propeny, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortsage Insurance .. -6(NE) \OOO~) <!) Ini,ilJ" /C S P"I184 of lS P5 Form 3028 1/01