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2oious4sG THIS S�CURITY INSTRUMENT combines unifnrm covenants for national use and non-unifarm covenants with limited vaziations by jurisdiction to constitute a uniform security instrument covering real propertx. UNIFORM COVENANTS. Barrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Barrower 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. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instnunent 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 Instnunent is returned to Lender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this Security Instrwnent be made in one or more of the following forn�.s, as selected by L.ender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's chec�C, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payrnents are deexned received by I.ender 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 provisians in Section 1S. Lender rnay return any payrnent or partial payment if the payment ar partial payments are insufficient to bring the Loan current. Lender may accept any payment ox partial payment insufficient to bring the Loazi 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 suck� pay�nents at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then L.ender need not pay interest on unapplied funds. I.ender may hold such unapplied funds until Borrower makes payments to bring the Loazt current. If Botx'ower does not do so within a reasonable period of time, Lender shall either apply such funds or return thern to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note irnrnediately prior to foreclosure. No offset or claim which $orrower might have now or in the future against Lender shall relieve Borrower frotn making payments due under the Note and this Security Instrument or perfornung the cavenants and agreernents secured by this $ecurity Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Sectian 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 Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, azid then to reduce the principal balance of the Note. If Lender receives a payrnent 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 delinquenC payznent and the late charge. If more than one Periodic Payment is outstanding, Lender rnay apply any payment received from $orrower to the repayment of the Periodic Payments if, and to the extent that, each payrnent can be paid in full. To the extent that any excess exists after the payment is applied to the full paytnent of ane or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepaynnents shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneaus Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Ftinds for Escrow Items. Bo:rrower shall pay to Lender on the day Periadic 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 ptiority aver 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 a11 insurance required by Lender under Section 5; and (d) Mortgage Insurance in�c�eis: �-6GINE) 100o51.ot Paaeaof i5 Form 3028 7/01 m �� t � � Y � i a .r ,,� �., (,. g, � ,