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i~ ~ '1 ~i - ; ~. 201002490 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real ProP~Y• UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Prludpal Ltterest, Escrow Iterras, Prepayment Charges, and Late Charges. Borrower steal( pay wheat due the principal of, and interest on, the debt evidenced by the Nate and any prepayment charges and late. charges due under the Nate. Bonrawer shall also pay f-mds for Escrow Items pursuant to Section 3. Payments due under the Nate 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 returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security lnstarwnent be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified dheck, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whpse deposits are insured by a federal agency, instrutt~tttality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with Che notice provisions in Section l5. Lender may return any payment or partial payment if the payment or partial payments are 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 tp its rights to .refuse such payment or partial payments in the future, but Lender is hat obligated to apply such payments at the tithe such payments are accepted. If each Periodic Payment is applied as of its scheduled due date; then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds ar 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 trove or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants aatd agreements secured. by this Security hrsttitratent. 2. Application of Payments or Proee~s. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following artier of priority: (a) interest due under the Nnte; (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 becata~ due. Any rerttaining amounts shall be applied first to late charges, s~ond to any other amounts due under this Security Instrument, and then to induce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Faymcnt which includes a sufficiem aataount to pay any late charge due, the payment trtay be applied to the delinquent payment and the late charge. If ttvorc than qne Periodic Payment is outstanding, I.,eender may apply any Payment received from Borrower to the tcpayinent 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 toe payment is applied to the full payment of one or mwre Periodic Payments, such excess tray be appli~l to any late charges due. Voluntary prepaytttertts shall be applied first to any prepayment charges and then as detccribed in the Notc. Arty application of payattents, insurance proceeds, or Miscellaneous Pratxxds to principal due under ibe Note shall not eztencl or postpone the due date, or change the amount, bf the Periodic Payments. 3. l~tmds for Escrow lltems. Barmwer shall pay [o Lender on the day Periodic Payments are due under the Note, until-the Note is paid in full, a soot (the "Funds") to provide for payment of amounts due for: (a) taxes aatd assessments and other items whidi can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments ar ground rents an the Property, if any; (c} preaniuans for arty and sIl insurance required by Lender under Section S; and (d) Mortgage Insurance 6t31NE- ro4o67.Ot Pape ~ or,s Form 3a28 liby