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201008201 THI3 SECiJRITY TNSTRUMENT coinbines tuuform covena�nts for national use and non-uniform covenants with limited variations by jurisdi�ion� to consrittrte a wa�ifarm security instrument covering real P�P�rtY• UNIFORM COVENANTS. Borrawer and L�der covenant an�d ag� as fallows: 1. Payme,at of Pr[adpal, Inte�reat, Escrow Items, PrePaymeat Charges, and Latc Cbarges. Bonrdwer shall pay wh�n due the prrincipal nf, and interest on, the debt �viden�d by the Note and any P�Y�t �az�es and late c�arges due under the Note. Borrowar shall alsa pay fwads for Escrow Ttems pursuant to Sectian 3. Paym�n.ta due under tlae Note and this Security Instrument shall be madc in U.S. curnen.cy. However, if any check or other inst�nime.nt rec�ved by Le�der as payment under the Note or this Security Inst�vment is returned to I.ender unpaid. Lende�r may re.c�ui�re that any or all subseqt�en�t payments due under thc Note and this Security Instniment be xnade in one pr more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certi�ied cl�eck, bank cheak, treasurer's aheck or cashier's check, pmvided any such check is drawn upo� an institution whose d�posits ar� insured by a fedcral a�ncy, instru�entality, or entity; or (d) IIectroanic Fu�ada Transfesr. Paynaents are deemed receiv�d by T,endcr whcn c�eceived at the locarion designated aun, the Note or at such other location as may be designated by L�ender it� accordance with the natice provisions in Section 15. L,en�cr may retum any payment vr partial payment if the payment ar partial payments are insufHcient to bring the Loan current. Ler�cr nnay acccpt anY PaYmemx o�r partial paynneent insufficient to bring the Loan curre�at� without rwaiver af any rights h�reunder or prejudice tu its rights W refuse such payment or partial pa�e�nts in the future, buC I,�d� is not obligated to apply such pay� at the ti� such payna�nts are accepted. If each Periodic Pa�ma�t is applied as of its scheduled due date, then Lender need not pay interest on utaapplied fuads. I.ander may hnld stich unapplied funds until &yrrower makes payments to bring the L,oan current. If Borrower dnea n�ot da so within a reasonable period of time. Y.eader ahall either apply suah funds or returu th�m to Borrower. If not applied earlier. such funds will be applied to the outstandim�g principal bala�x under the Note immadiately prior to foreclasure. No offset or claim. wlnich Horrower mig�t have now or in the futtrne against L�ender shall relieve Borrower from makin8 AaY�� due und�r the Note and t�is Security Inst�tnent or �erforming the covcnants and agreem�ts sccured by t�hia Security Inst�ument. 2. Application of Paym�nts or Prooe�eds. Exccpt as otherwise describad in this SecCion 2, a11 paymenta acc�pt� and appli�d by Lender st�all be applied in the follawing order of priority: (a) inter�st due under the Note. (b) Principal due under the Note; (c) az�otmts duo uader 5erxion 3. Such payments shall be applied to each Periodic Paymsnt in the order in which it becau�e due. Any remaining ampunts shall be applied �'irst W late charges� sacond to any other amounts due undsr thia Sec�urity Instrumeat, and then to reduce the principal balance af ttie Note. If I�aader rexeives a payment firom Bomower for a delinquent Periodic Paym�nt which includes a sufficient amowdt W pay any late c�arge due, the paymant may be applied to the delinquent paYm�ent and tlie late c,�argc. If more tban one Periodic Payment is outstanding, L�d�x may apPIY �3' �Y�t neceived from Borrower to tb,e repayment of the Periodic Payments if, and to the ea�tent that, each payment can be paid in fu11. To the ea�tent t1�at any exce�ss exists after the pay�ment is applied to the full payment of ome or �are Periodic Payments, such eacess may be applicd to any late charges due. VoluntnrY prepaYments ahall be applied first to any prepayment charges and then as de,gcribed in tho Note. �Y aPPlication of payments, insut'ance proc,ceds, or Miacellaneot� Prnceeds to prinaipal due under the Note shall not exCe�d or postpone the due date, or change the amount, of the Periodic Payments. 3. �nds far T�,scrow Iteme. Borrowcr sl�all pay to Leaader on thc day Periodic Paymeats are due under the Note, urnil thB Note is paid in full, a sum (the "P�mds") to provide for payment of amounts due for: (a) taxes at�d aasessments and otl� items which c�an att�in privrity ovcr this Security Instnm�nt as a lien or encumbratwce on the Property; (b) leasehold paymants or ground rents on tbe P�s�pertY, if an3': (�) premiums for any and all insurancc required by I.ender umder Secrion 5; �nd (d) MorCgage Tnsurance N qASKA - Sinple Family -1�� Ma�/FnddM Mac UNIFOpM INSTRUMFNT -B�N�) �oe Pape4 of 16 Initlsk: � Forni 3028 1/07