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20�10�1�i BURROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed arid has the rig�t to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demanc�s, subject to any encumbrances of record. T�IIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covena�nts with limited variations by jurisdiction to constitute a uniform security instrument covering real properky. ifNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 1, Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonow�er sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayinent charges and late charges due under the Note. Bonower sha11 also pay funds for Escrow Items purs t to Section 3. Payments due under the Note and this Security Instrument sha11 be made in U. S. curren�y. However, if any check or other instrument received by Lender as payment under the Note or this Secun Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due ur�der the Note and this Security Instrument be made in one or more of the following forms, as select� by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer' s check or cashierl' s check, provided any such check is drawn upon an institution whose deposits aze insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. P�.yments aze 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 provisions in Section 15. Lenden may return any payment or partial payment if the payment or partial payments are insufficient to bring �e Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan curren�, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial paym ts in the future, but Lender is not obligated to apply such payments at the time such payments aze accept d. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay inter on unapplied funds. Lender may hold such unapplied funds until Bonower makes payment to bring the Lo current. If Borrower does not do so within a reasonable period of time, Lender sha11 either apply such ds or return them to Bonower. If not applied earlier, such funds will be applied to the outstanding princi�al balance under the Note immediately prior to foreclosure. No offset or claim wluch Borrower might ave now or in the future against Lender sha11 relieve Bonower from making payments due under the Ndte and this Security Instrument or performing the covenants and agreements secured by this Security 2'' Application of Payments or Proceeds. Except as otherwise described in this Section 2, a11 paym ts accepted and applied by Lender shall be applied in the following order of priority: (a) interest due der the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments sha11 e applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall e applied first to late chazges, second to any other amounts due under this Security Instrument, and then t reduce the principal balance of the Note. I Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a suffici t amount to pay any late charge due, the payment may be applied to the delinquent payment and the 1 chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from nower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid ' full. To the extent that any excess exists after the payment is applied to the full payment of one or more eriodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be ap lied first to any prepayment charges and then as described in the Note. y application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the N te sha11 not extend or postpone the due date, or change the amount, of the Periodic Payments. . Funds for Escrow Items. Bonower shall pay to Lender on the day Periodic Payments aze due under e Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: () taxes and assessments and other items which can attain priority over this Security Instrument as a lien o encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premi�ims for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance 2200158219 D v6ANE KA - Single Family - Fannie Mae/Freddie Mec UNIFORM INSTRUMENT WITH ERS �(NE11o81 D) Page 4 of 16 Initials: Foml 3028 1/O 1