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2oioo9si2 THIS SECURITY 1NSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, iJNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Iterns, Prepayment Charges, and Late Charges. Barrower shall pay wheil due the principal of, and interest on, the debt evidenced lay the Nate and any prepayment charg�s and late charges due under the Note. Borrower shall also pay funds far Escrow 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 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 Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's chack or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal a�ency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender 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 Scctian 15. 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 paym�nt ��r partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudicc to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such paymcnts at thc time such payments are acceptcd. Tf each Periodic Payment is applied as of its scheduled due date, then L�nder necd not pay interest on unapplied funds. I�ender may hold such unapplied funds until Borrower makc�s paymcnts to bring the Laan current. If Barrower da�s not do so within a reasonable period of time, Lender shall eithcr apply such funds or return thcm ta Borrower. If not applied earlier, such funds will bc applied to the outstanding principal balance under the Note immediately prior ta foreclosure. No offset or claim which Borrower anight have now or in the future against Lender shall relievc $c�rrower from making payments due under the Note and this 5ecurity Instrument or performing the covenants and agreements secured by this Security lnstrument. 2. Application of Payments ar Proeeeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall b� applied in the following order of priority; (a) interest due under the Note; (b) principxl due under the Note; (c) amounts due under Sectiol7 3. Such payments shall be applied to each Periodic Payment in the ordcr in which it became due. Any remaining amounts shall be applied first to late charges, second to any otlicr amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lcnder receives a payment From Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If morc than one Periodic Payment is outstanding, Lender may apply any paymcnt received from I3orrower 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 after the payment is applied to the full payment of one or more Perindic Paynaents, such excess may be applied to any late char�es due. Voluntary prepayments shall be applicd first to any prepayment charges and then as described in the Note. Any applicatic�n of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Nate shall not extcnd c�r postpone the due date, or change the amount, of th� Periadic Payments. 3. Funds for Escrow Iterns. $orrawer shall pay to Lender on the day Periodic Payments arc duc under the Note, until the Nqt� is paid in full, a sum (the "Funds") to provide for payrnent o£ ampunts duc for: (a) taxes and assessments and ather 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 Lendcr undcr Section 5; and (d) Mortgage Insurance �-B(NE) �oao��.o2 � P�e 4 of 15 i��s�ais: F��Z-Y:f��'Ya Farm 3028 1/01