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2oioos5s� THIS S�CURITY TNSTRUMENT combines uniform cavenants far national use and non-uniform covenants with limitc;d variaticros by jurisdictian to c�nstituta a unifarm security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender cavenant and agree as follows: 1. Payment af Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. T3arrower 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 5ection 3. Payments due under the Note and this Security lnstrument 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 Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Nate and this Security Instrument be made in one or mare of the follawing forms, as sclected by Lcnder: (a) cash; (b) maney arder; (c) certi�ed che;ck, bank check, trcasurcr's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumcntality, ar entity; or (d) �lectronic Funds Transfer. Fayments are deemed reccived by Lender when received at the location designated in the Note or at suc:h otlier location as may be designated by Lender in accordaaice; with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Laan current. Lender may accept any payment or partial payment insufficient tc� hring 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 thc time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, tl�en Lcnder necd not pay interest on unapplied funds. Lender may hold such una�plied funds until Iiorrower makes payments to bring the Loan current. lf Borrower does not do so within a reasc�nable periad c>f time, Lender shall either apply such funds or return them to Borrower. If not applied carlicr, such funds will be applied to the outstanding principal balance under the Nate immediately prior to forecl�sure. No offset or claim which Barrower might have now or in the future against Lender shall reliev� Borrowc:r from making payments due under the Note and this Security Instrument or perfort�ing the covenants and agreements secured by this Security Instrument. l. Application of Payments or Proceeds. Except as c�therwise described in this Section Z, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal du� undcr the Note; (c) amounts due under 5ection 3, 5uch payments shall be applied to each Pariodic Payment in tl�e order in which it became due. Any remaining amounts shall be applied first tc� I�te charges, second to any other amounts due under Chis Security Instrument, and th�n tc> reduce thc principal balance of thc Nc�te. If Lender rece:ives a payrn�nt from Bnrrower for a delinquent Periodic Fayment which includes a sufficient amount to pay any late charge due, tha payment may be applied to the delinquent payment and the late eharge, If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of che Periodic Payments if, and ta the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is appli�d tc� the full payment of one or more Periodic Payments, such excess may be applied to any late charges duc. Voluntary prepayments shall be applied first to any prepayment charges and then as descaribed in the Note. Any application of payments, insurance proceeds, or Miscellanec�us Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for �serow Items. Barrower shall pay co Lender on the day Periodic Paym�nts are due under the Note, until thc Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for; (a) taxes and assessments and othcr items which can attain priority over this Security Instrument as a lien or eneumbranee on the Property; (b) leasehald payments c�r �round rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section S; and (d) Mort�age Insurance 111io561a� nl s: �-6(NE) �oao��.oz Payea or 15 Form 3028 1/01 �