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�oioo�s5� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a unifarm security instrurnent covering real property. UNIFORM COVENANTS. Barrower and Lendsr covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Xtems, Frepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrawer shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Tnstrument shall be made in U.S. currency. However, if any check or ather instrument received by Lender as payrnent under the Note or this Security Instrument is returned to I.ender 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) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institutian whose deposits are insured by a federal agency, instrurnentality, 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 the notice provisions in 5ection 15. Lender may return any payment or partial payment if the paynnent or partial payments are insufficient ta bring the Loan current. I,ender 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 Periadic Payment is applied as af its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hnld such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower daes not do so within a reasonable period of time, I,ender shall either apply such funds or return them to Borrnwer. 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 making payments due under the Note and this 5ecurity Instrument or performing the covenants and agreements secured by this Security Instrument. z. Applicatian of Fayments 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 Payrnent in the order in which it becarne due. Any remaining amaunts 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 frorn 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 Payrnent is outstanding, Lender may apply any payment received from Borrower ta the repayrnent 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 full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and thsn as dascribed in the Note. Any applicatian of payments, insurance proceeds, or Miscellaneous Proceeds ta principal due under the Nate shall not extend or postpone the due date, or change the amount, af the Periodic Payrnents. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a surn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and ather items which can attain priority over this Security InsCrument as a lien or encurnbrance on the Froperty; (b) leasehold payrnents or gxound rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance �-fi1NE1 �oao��.oz Paga 4 of 15 i��s�ais: � .�IO [�E�!��I�I�I��-Y�Z� Form 3028 1/09