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200804681 THIS SECURITY INSTRUMENT combines uniform covenants for national use andnon'\mifonn covenants with limited variations by jurisdiction to constitute a unifonn security instrument covering real property. UNIFORM COV.ENANTS. Borrower and Lender covenant and agree as follows: .1. PaymelltofPrilicipal, Interest, Estrowltenis, Prepayment Charges, . alld . Late Charges. Borrower ShlUI pay when due the prinCipal of. and interest on, th~ debt evidenced by the Note and any prepayment charges and latl:: charges dUlluilder the Note. Bbrrowershall aho pay fUilds for Escrow Items . pursu3I!t to Section 3. Payments dueurt<:\erthe Note and this secUrity Instrument shaH :be made in U.S. currency. However, if anYchec~ or other instruinenttf;lceived by Lender as.payment uIider the Note.or this Security Instrumentisteturn~ to Lender I.'mpaid. Lender may require that any or all subsequent payments . duelwder the Note and this Security Instniment be made irioneof more of the tQllowing forms. as seleetedbyLender:(a).. cash; ... (Q)tnoneyorder; (c)certit'iedcheck,. bahkcheck, treasurer's check. or c<\Shier's check. provided any .such~heck is Wawn:upolianinstitutionwhose ..d,eP9sltS arehlS\lred by.a . fedefal agency ,instrtpneritality .0tentity;or(d)Electroh.icFljrtd$Trarisfet. ,.. ...... .... ............ ... .. ..... ..... ... . ........, Payments are deemed . i"eceivedby l.enderwhen<receive(i.at the ...locatioh .\iesignatedin 'the Note or . ~t .sucn otherloca. tion. as m. ay ..1w...d. esig.riated.. b. y. Leild. cr. i.n accord. ancew. .iththenodce.. p. r. .ov. ..isio... ns.in sectiQn 15. . Under may return. any payment orpat:tial payilulOt if the payment Of p1lriitllpayments areinsufticientto bring the Loan current . Lender may accept. any. 'payment. or partial. payment. lnstlft'icient to bririg iheLQari c.urreht; . Withoutwaiv.er,. of any rights hereunder or. prejndice to its i:ights toretllse such payment. or partial payments in the future, but Lenqerls not obligated to apply such paymelits.at the tilne suchpayments.atc ac. cepted. If each Pe.riodicPa. yment. is applied all of its sc. heduled du. c....tJ.at.e. th. en Leride.r... .. nee.d ...no... .t.pay interest on unapplied funds. Lender. may. hbld such unapplied .funds. until .Borrower mall:es payinems to . bring the Loan current. If Borrower does not do so within a reasonable period of time; Lender. shall either apply such funds or return themto Borrower. If notappIiedearlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower migbt have. now or in the future . against. LendershaJI .reliev~ J3orrower from makingjlayments due under the Note and this Security Instrumeht or performing the cQvertalltsandagreements s6<;\iI'ed by. this Security Instrument. . 2. Applicatlon of Payments or Proceeds. Except as otherWisedescrlbe<tin this Section 2, all payments accepted and applied. by Lf<nder shall be I1pplied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due tinder Section. 3. Such payments shall be applied. to each periodic Payment in the onler. in which it became due. Any remaining amou.illS shall be applied first to late ch;:u-ges. second to any other amounts due under this .security Instmment, and then to reduce the principal balance of the Note. .. .. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due. the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any.payment received from BorrOWer to the repayment of the Periodic Payments if, and to the .extent that. each payment can be paid in full. To the extent that any excess exists after the payme'nt is applied to the full. payment of one or more Periodic Payments. such excess may beapplied to any late charges dUe. Voluntary prepayments shall be applied first to any prepayment charges 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 change the amount. of the Periodic Payments. . 3~ Funds tor ESQ"ow Items. Borrower shall pay to Lender on the day Peril)dic Payments are due under the Note. until tbe Note ispaid in full. a sum <the "F\mds") to provide for payment of amountsd\ic for: (a) . taxes and assessrnerits and other iteins which can attain priority ovetthis Security Instrument as a lienorenCUmbrR\lCeOn the Property; (b)!easeholdpayinents. or ground rents on the Property, if any; {c) premiums for any and all insurance required by .Lenderunder Section 5; and (d) Mortgage Insurance . ".go 4 01 15 Initial.: . M ItA. . e~ . 0110280606 CIt-6(NEII04071.02 Form 30281/01