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2010Q7404 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform oovenants wiCh limite� variations by juuisdiction to constitute a uni�orm security instrumeant covering real P�P�Y• UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Pxlndpal, Ltterest, F.�crow It�s, Pce�yme�t Charge�, end Late C�rges. Borrowc�r shall pay when due the principal of, and interest on, the debt evide�nced by the Note and any P�gY�t charges and late chazges due under the Note. Borrower shall also pay funds for Esc�row Items pursu�a�at to S�tion 3. Payments due under the Note and tt�ais Security Instru�nent shall b� made in U.S. c�rrrency. However, if any c,he�k or other instrument r�ceiv� by L,cnder as payment under Che Note or this Security Inatrument is retume� ta Lender tu�paid, Lender may require that aay or all subseqttent payments due wxde�r the Note and this Sacurity Instrument be made ian one or more of the following forn�s, as sele�ted by Lender: (a) c�sh; (b) moneY o�'; (c) certi�xed check, bank check, treasurec's check or c�shier's c�eck, provided any such check is .drawn upon an institution whose deposits are insured by a federal agency, instnunentality, ar entity; or (d) Electronic Funds•Trausf�. Pay�aents are deemed received by L,ender when received at the location designate� in the Note or at such other location as may be de.signated by Lender in accordance with the notice provisions iun Section 15. Lender may return any payment or parCial payment if the payment ox partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial paym�at insufficient to bring the L,oan cuxccnt, vc+ithout waiver of any rights her�under or prejudi�ce to its rights to r�fuse su�ch paymcnt or partial payznents in the future, but L.ender is not obligated to apply such paymea�ts at the time such payments are accepted. If each Periodic Payment is applied as of its sche�uled due date, then Lender need not pay inter�st on utiapplie� funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Horrower does nc�t do so within a reasonable period af time� I.ender shall either applq such funds or retum tl�m to Borrower. If not applie� carlier, such funds wiil be applied to the outstanding principal balance under the Note inunediately prior to foreclosure. No offset or claim which Borro�ver might have naw or in thc future a�ainst L�ender �hall arclievc Borrnwer from making paym�ats due under the Note ac�d this Security Ins�nt or performing the covenants and agreeme�ts secured by this Security Instrurnent. 2. Appl�iicadou of Payuaent� or Proceeds. Except as otherwise d�bed in tlua Section 2, all paym�nts accepted and applierl by Lender ahall be applied in the following order of priority: (a) interest due under the Note. (b) Prin�ipal due under the Note; (c) amounts due under Se.ction 3. S�ch paymenta shall be applied to oach Pcriodic Payment in the order in whic� it became dua. ,p►ny remaining atzwunts shall'be applied ffrst to late charges, ss�ecoad to any other am�unta due undcr this Security InsGrum�nt, and th�n W reduce the principal balanca of the Note. If Lender receivcs a payment from Borrower for a delinquent Periodic Pa�nnent which includes a sufficient amount to pay any late charge due, the paymeat may be applied to tkte dedinquent payme�►t and the late charge. If more than one Periodia Paym�ent ia outstanding, Lender maY apply anY payment received frnm Borrawcr to thc arepayment of the Periodic Payments if, and ta the exte�nt that, each payxrrcnt can be paid in full. To the extent that any excess e�tists after the payment is applied to the full payment of one �r more Pcriadic Payrnents, such excess may be applied to any late criargea due. Valuntary prepayments shall be applicd firsi to anY prepaYment charSes and the�n as described in the Note. Any application of pa��ments, insurance proc�s, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the duo date, or changa the aymount. of the Periodic Payments. 3. �nds for F.RCrow Ttems. Borrower s�all pay to Lender on the day Periodia Paymenta are due under the Note, until the Note is paid in full� $ surn (the "Funds") to provide for payment of amounta due fvr: (a) taxea and assessments and other iten�s which can attain priority over this Security Instrument as a lien or encumbrance on the l�roperty; (b) leasehald paym�ents ar grouad renks on the Properiy, if any, (c) premiums for any and all insurance required by Lender under Section 5; snd (d) Mortgage Insurance � ASKA - Singla Family - Fanrde Ma�/Fnddi� Mtro UNIFORM INSTRUMENT -B(NEI �os� � i Pepe 4 m 1 b m�t�4: Form $Q28 1/01