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200806925 ,THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifonn coveilants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. . UNIFOR.M coygNANTS.Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Intel'est, l<~scrow Items; Prepayment Charges, and Late Charges. ,Borrower shall pay when due the princiJjal of, and interest on, the debt evidenced by the Note and any 'prepayment cl1arges and late charges due under the Note,. Borrower shall also pay funds fot Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is rehlmed to Lender unpaid, Lender may. require that any or all subsequent payments due under the: Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) c<!.sh; (b) money order; (c) certified check, bank check,treastlrer'scheck or ca. shier's 'Check, provided:. any sucb'Ch.eck is drawn ...u.pon lln.. l.'.niltitutionwhosedeposits are insured by a Jederalagency. iililtrUnientalit)'. or entity; or (d) Electronic Funds Transfer. .. . . Payl;'ri~llts aredeeined receivedby:under whenrecetved at the location designated in the Note or ai sllchother location as maYbe designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or. partial payments arc 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 or prejudice to its rights to refuSe such payment or partial payments in the future. but Lender is not obligated to apply such payments at the tIme such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lerider need 'not pay interest on unapplied funds. Lender roay hold such unapplied funds uhtil Borrower makes payments to bring the Loan current. If Borrower does not do SO withill a reasonable period of time, Lender shall either apply such funds or return 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 Borrower might have now or in the future against Lender shall relieve . Borrower from makirig payments due under. the Note and this Security Instmment or performing the covenants and agreements secured by tbis Security Instntment. 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 under the 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 amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note, . . If Lender receives a payment fronl Borrower for a delinquent Periodic Payment which includes a sufficient amount 10 pay any. late charge due, the payment maybe 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 exterlt that, each payment can be paid in full. To the extent, that anye}{cess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Yoluntaryprepayments shall be applied first 10 any prepayment charges arid then as described in the Note. . Any application of payments. insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shal1.not extend or postpone the due date; or change the amount, of the Periodic Payments. ,3. Funds for EscroW Items. Borrower shall pay 'to Lender on the day Periodic Payments are due under the Note, until the Note ill paid in full, a sum (the "FUnds") to provide for payment Of amounts due for,: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumlJrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premhllns for any and all insurance required by Lender under Section 5; and (d) Mortgage lnsural1ce POYO 4 01 15 In~_- ~O Oil0283305 <Il:t-6INEI (0467).02 Form 3028 1/01