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201007344 THIS SECURITY INSTRUMENT combines uniform covenants finr national use and non-uniform covenants with lizgited variations by jurisdiction to constitute a uniform security i~nstturnent covering real property. UNIFORM COVENANTS, Borrower aril. Lender. covenan# and agree as follows: 1. Payment o[ Prlndpal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and intersa# on, the debt evidenced by the Note and any prepayt~aent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and, this Security Itlstrunment shall be made in U.5. curr~cy. However, if any check or other ~t received by Lender as payment under the Note or this Security Insbnmient is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrunaeat be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits arc insured by a federal agency, instrunoentality, or entity; or (d) flectronic 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 Leader in acxordance with the notice provisions in Section 15. 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 to its rights tv 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. Yf each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on u~napPlied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan ciuxent. If Borrower does not do so within a reasonable period of time, Lender shall either apply sorb funds or return them W Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note innmediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instniment or performing the covenants and agreements secured by this Security Instrument. Z. Applkation of Pay~quenta or Proceeds. Except as otherwise described in this Section 2, all PaYmenffi 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 #o 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 Inatnunent, and then to reduce the principal balance of the Note. If Leax~x 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 ~y PaY~ 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 payment is applied to the frill payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary P~Y~ 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 no# extend or postpone the due da#e, or change the amount, of the Periodic Payments. 3. Y+bnds far Escrow Iteaas. Borrower shall pay to Leayder on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Fonda") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain, priority over #hi~a Security Ins#ivment as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insuuance required by Lender under Section 5; and (d) Mortgage Insurance R/1SKA -Single Family - Famia MsolFraddie Mee UNIFORM INSTRUMENT -SINE) (081 t- Peps 4 of 16 Initlele ~ Farm 3028 1/01