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<br />2008014.39
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<br />THIS SECURITY 1N'STRUMENT combines uniform covenauts for national use and non-uniform
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument cover.ing real
<br />property .
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1_ Payment of Principalt Interest, Escrow ltems, Prepayment Charges, and l,,,te ChllJ;'ges.
<br />Borrower shall pay wb,en due me principal of, and. interest on, the debt evidenced by me Note and any
<br />prepayment charges and late charges due under me Note. Borrower shall also pay funds for Escrow Items
<br />pursuant to Section 3. Payments due under the Note and this Security Insnument shall be made in U.S.
<br />currency_ Howev~, if any check or other instrwnent received by Lender 8$ payment under the Note or this
<br />Security Instn.unent is returned to Lender unpaid, Lender may require that any or all subsequent payments
<br />due under the Note and this Security Instrument be made in one Or more of the following fonns, as
<br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or
<br />cashier's check, provided any such check is drawn upon an instimtion whose deposits are insured by a
<br />'''-'::'::,n. . federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />'G'iSNz,dt~?'~;.."" Payments are deemed receiVed by Lencler when ;l;"eceived at the location designated in the Note or at
<br />\:0> ht,\,,:" 1()$ other location as may bc designa:ted by Lender in accordance with tb.e notice pl:ovisions in Section 15.
<br /><:/t.)~ r may return any payment or partial pay1t1ent if the payment or partial payments are insuffici~t to
<br />",<' ~b . the Loan cu.u;ent. Lender may accept any ~ayment Qr partial payment in$nfficient to bring me Loan
<br />""':-i~ -- ,without waiver of au.y rights bercunder or prejudice to its rights to refuse such payment or partial
<br />,~' ./',.,"",:;'"pa" t8 in the future, but Lender is not obligated to apJ?ly such payments at the time such paytne.Q.ts are
<br />~;f"::,..: ,;:; ac . If each Periodic Paym,ent is applied as of its scheduled due date, then Lender need not pay
<br />i~~,i~i):: :iP, est on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to
<br />'Jr CU, ',<, ~ ,"~: .' mg me Loan current. Xf Borrower does not do so withiJl a reasonable period of time, Lender shall either
<br />~..... apply such f1.mds or return them to Borrower. If not applied earlier, sucb, funds will be applied to the
<br />outstanding principal balance waer the Note irn:mtdiately priO{ to fOreclO$lITe. No offset or cl:Utn which
<br />Borrower might have now or in the future againSt Lender shall relieve Borrower from making payments
<br />due under the Note and this Security Instrument or perfo~ the covenantS and agreements secured by
<br />this Security Instrument_
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all
<br />payments accepted and applied by Lender shall be applied in the following order of priotity: (a) interest
<br />due under the Note; (b) prinCipal due under the Note; (c) BmOWlts due under Section 3. Such p.ay:ments
<br />shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts
<br />shall be applied first to late charges, second to any other amounts due under tb.is Security Instrument, and
<br />then to reduce the principal balance of the Note.
<br />If Lender {eceives a payment from Borrower for a delinquent Periodic Payment which includes a
<br />sufficient amount to pay any late c.haIie due, the payment may be applied to the delinquent payment and
<br />the late cbarge. If more than one Periodic Payment is outstanding, Lender may apply any paynlent received
<br />from Borrower to the repayment of the Periodic Payments if, and to the extetJ,t that, each payment Cart be
<br />paid in fulL To the extent that any excess exists after the paytnent is applied to the full payment of one or
<br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall
<br />be applied first to auy prepayment charge$ and. then as described in the Note.
<br />Any application of payments. insurance proceeds, or Miscellaneous Proceeds to principal due under
<br />the Note shalJ not extend or postpone the due date, or change the amount, of the Periodic Payzn.ents.
<br />3, FUnds for Escrow Items. Borrower shall pay to Lender on the: day Periodic Payments are due
<br />under the Note, until the Note is paid in full, a swn (the "Funds") to provide for payment of amounts due
<br />for: (a) taxes and assessments ana other items which can attain priority over this Security lnstrument as a
<br />lien or encumbrance on tl).e Property; (b) leasehold payments or ,ground rents on the Property, if any; (c)
<br />premiums for any ana all insurance required by l.e;nder under Section 5; and (d) Mortgage Insurance
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