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m 2oioo�33� THIS SECURTTY INSTRUMENT combines uniform cavenants for national use and non-uniform covena�nts with limited variations by jurisdiction to consCituCe a uniform security instrument covering real praperty. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escraw 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 charges and late charges due under Che Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due undear the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payrnent under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Securiry Instrutnent be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money arder; (c) certified check, bank check, treasurer's check or cashier's check, provided azry such check is drawn upon an institution whose deposits are insured by a federal agency, instnunenta�ity, or entity; ar (d) �lectronic Funds Transfer. Payments are deet�ted received by Lend�r when received at the location designated in the Note or at such other location as may be designated by i.ender in accordance with the notice provisions in Section 15. Lender may return any payraent or partial payment if the payment or partial payments are insuf�cienC to bring the Loan current. Lender rnay accepC any payment or partial payment insuf�cient 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 L,ender is nat obligated to apply such payments at the time such payments are acceptetl. If each Per'todic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied fiunds. I..ender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or retum them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note irnmediately prior ta fareclosure. No offset or clairn which Borrower mighk have now ar in the future against L..ender shall relieve Borrower from making payrnents due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application af Payments or PI'OC�S Except as otherwise described in this Section 2, all payznents 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) atnounts due under Section 3. Such payrnents shall be applie.d ta each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied �rst 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 fronn Borrawer for a delinquent Periodic Payrnent which includes a suf�cient amount to pay any late charge due, the payment may be applied to the delinquent payrnent and the late charge. If more than one Periodic Payrnent is outstanding, L.ender may apply any payment 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 aftez' the payment is applied to the full payment af 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 then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under th� Nate shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds far Escrow Items. Borrower shall pay to Lender on the day Periodic Payments aze 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 over this Security Instrument 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 insurance required by Lender under Section 5; and (d) Mortgage Insurance i�icia�s: �-GG(NE) (OOp51.01 � Page 4 of 15 Form 3028 1/01 � !i +� i .. '�.1 . . � �� i �.+' � •