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2oioos�9� THIS SECURITY TNSTRUMENT combines uniform covenants for national use and nan-uniform covenants with limited variations by jurisdiction ta constitute a uniform security instrument covering real praperty. UNIFORM COV�NANTS, Borrower and Lender covenant and a�ree as follows; 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and L,,ata.,Charges. Borrower shall pay when due the principal of, and interest an, thc debt evidenced by the Notei, and any prepayment charges and late charges due under the Note. Barrower shall alsa pay funds far��{aw Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or c>ther instrument received by Lender as payment under the Note or this Security Tnstrument is returncd to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the follc>wing forms, as selected by Lender: (a) cash; (b) mo��ey arder; (c) certified check, bank check, trea,5urcr's check or cashier's check, provid�d any such check is drawn upon an institution whose d�pr�sits ar� insured by a federal agency, instrut�nentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender whcn received at the location designated in the Note or at such other location as may be designated by Lender in accordance witl� the natic� provisians in Section 15. Lender may return any payment or partial payment if the paym�.nt or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufFcient to brin� thc: Loan current, without waivcr of any rights hereunder or prejudice to its rights to refuse such paym�nt or partial payments in the futurc, but Lenaer is nat obligated to apply such payments at the time such paymcnts are accepted. If each Periodic Fayment is applied as af its scheduled due date, then Lender need not pay interest on unapplied funds. L,cnder rnay hold such unapplied funds until Barrower makes payments to bring the Loan current. If Borrower docs not do so witliin a reasonable period of time, Lender shall either apply such funds or retur�� thcm t�� B�rrawer. If nat applied earlier, such funds will be applied to the outstanding principal balancc under the Note immediately prior to foreclosure. No offset or claim which Borrower might havc nc�w or in the future against Lender shall relieve Borrower from making payments due under the Nate and this 5ecurity Instrument or performing the covenants and a�reemcnts securcd Yay this Security Instrument. Z, Ap�plication of Payments or Proeeeds. Except as otherwise described in this Scction 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under thc Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periadic Payment in the order in which it became due. Any remaining amounts shall be applied fir5t 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 from $orrower for a delinquent Pcriadic Paym�nt which includes a sufficient amount to pay any late charge due, the payment may be applicd to the delinquent payment a�id thc late cllarge. If rnore than one Periodic Payment is outstanding, Lender may apply ��y paym�nt rec�:ived frcnn Bc�rrower to the repayment of the Periodic Payments if, and to the extent that, cach payment can bc paid in full. To the extent that any excess exists after the payment is applied to tlac; full payment c�f one or anore 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 dcscribed in th� Notu. Any application of payments, insuranc� prac.e�ds, ar Miscellan�aus Proceeds to principal due under the Note shall not extcnd or postpone the due date, ar change the amount, af the Periodic Fayments. 3. Funds for Eserow Items. Borrower shall pay ta Lender on the day Periodic 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) ta�c�s and assessments and other items which can attain priority over this Security Instrument as a licn 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 S; and (d) Mortgage Insurance �-F(NE) �oao��.o2 P�e 4 of 15 � �iAlg '_ � 1111056576 Form 3028 1/01