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2oioos�9� TH1S SECURITY INSTRUMENT combines uniform covenants for national use and nUn-uniform covenants with limited variations hy jurisdictian to constitute a uniform security instrument covering real property � iTNIPORM COVENANTS. Barrawer and Lender covenant and agree as follows: �. 1. Payment of Principal, Interest, Escrow Iterns, Prepayment Char�es, and Late Charges. Borrower shall pay when due the principal of, and interest an, the debt evidenced by the' Note aud any prepayment charges and late ch�u due under the Note. Borrower shall also pay funds for� Escrow Items pursuant to Section 3. Payments c�ue under tlie Nate and this Security Instrument shall he made in U.S. currency. However, if any check ar ather instrument received by Lender as payment under the Note or this Security Instrument is returned to Lc;nder unpaid, Lender may rcquirc that any pr all subsequent payments due under the Nc>t� and this Security Instrument lae made in ane ar mare of the following farms, as selected by Lender; (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's ch�ek, pr�vided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments ar� deemed received by Lender when received at the location designated in the Note or at sucli other location as may be designated by Lender in accordance with the notice provisians in Section 1 S. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudics to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Barrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Barrow�r mi�;ht have now or in the future against Lender shall relieve Borrower from making payments due under th� Note and this Security Instrument ar perfarming the covenants and agreements secured lay this Sccurity Instrument. Z. Application of Payments or Proceeds. �xcept as otherwise described in this Section � 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) prineipal 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 Tnstrument, and then to reduce the principal b�lai�ce oFthe Note:. If Lender receives a payment fro�n T3orrc�wer for a delinquent Periadic Payme:nt which includes a sufficient amount to pay any latc chargc duc, thc payment may be applied to thc dclinquent payment aiad the late charge. Tf more than c�ne Periodic Payment is outstandin�, L,ender may apply �uiy payment reccived from Borrower to the repayment of the Periodic Payments if, and to the extent that, cach payment can be paid in full. To the cxtcnt that any c:xcess cxists G�fter thc payment is applied to the full payment vf c�nc or more Periadic Payments, such excess may be applied t� any late charges duc. 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 the Note shall not extend or postpone the due date, or change the amount, of the Feriodic Fayments. 3. Funds for �serow ltems. Borrower shall pay to Lender on the day I'eriodic I'ayments 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 over this Security Instrument as a lien ar encumbrance an the Property; (b) leasehold payments ar ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Sectian 5; and (d) Martgage Insarancc: � 1111056355 ig: �-6(N�) (oao�).az a�aa of 15 `'^ Fonn 3028 1/01 �