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2oioosi43 THTS S�CURITY TNSTRUMENT combines unifarm covenants for national usc and nan-uniform covenants with limitc;d variations by jurisdictian to constitute a uniform security instrument cavering real property. UNI�'URM CUVENANTS. Borrower and Lender cavenant and agree as follows: , ]. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment char�t;s and late charges due under the Note. Borrawer shall also pay funds for Escrow Ttems pursuant to Sectian 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 7nstrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security lnstrument be made in one or more of the fallowing forms, as selected by I�endcr: (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 are insured by a federal a�ency, instrumentality, or entity; or (d) Electronic Funds Transfc:r. Payments are deemcd received by Lender when received at the location designat�d in the Note or at such other location as may be designated by Lender in accordance with the notice pravisians in Section 15. Lender may return any paymcnt or partial payment if the payment or partial payments are insuffici�nt t� bring the Loan current. Le�tder tnay accept any payment or partial payment insufficicnt ta bring the Laan current, without waiver of any rights hereunder or prejudice to its rights to refuse sucli payment or partial payments in the fi�ture, but Lcndcr is not obligated to apply such payments at the timc such payments are accepted. lf each Periodic Payment is applied as of its scheduled duc datc:, thei� Lender need not pay interest on unapplied funds. Lender rnay hald such unapplied funds until Borrower makes pdyrnents ta bring the Loan current. If I3c�rrC�wer does not do so within a reasonable period of time, T.endex shall either apply such funds or return thcm tc� I3arrower. If not applied earlier, such funds will be applicd to the autstanding principal balancc under the Nate immediately prior to foreclosure. No offset ar claim whicli Borrower might have now c>r in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security lnstrument. Z. Application of Payments or Proceeds. Except as atherwise described in this Section 2, all paymcnts accepted and applied by Lender shall be applied in the fallawing 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 Periadic Payment in the order in which it became due. Any remaining amaunts shall be applied first to lat� charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance oF the Note. Tf Lender reccives a payment from Barrower for a delinqucnt Pcriodic Payment which includes a sufficient amount tc> 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 any payment received from Borrower to the repayment of the Pcriodic Payme�its 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 onc or more Periodic Payments, such exccss rnay be applied to any late charges due. Voluntary prepaymcnts shall be applied first to any prepayment charges and then as described in the Note: Any application of payments, insurance proceeds, or Miscellaneous Froceeds to principal due under the Note shall not extcnd c�r postpone the due date, or change the amount, of the Periadic Payments. 3. �'unds for Escraw Items. Borrower shall pay to Lender on the day Pc:riodic Payments are due under the Note, until the Note is 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 ovcr this S�curity Instrument as a lien c�r encumbrance on the Property; (b) leasehald payments ar graund rents on the Property, if any; (c) premiums for any and all insurance requirea by Lender under 5ection 5; and (d) Mortgage Insurance �-6(N�) (oaq��.pz � i��t��ig; �_ P�e 4 of 15 ^'� r % 1111056Q77 Fvnn Sq28 1/01