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which currently has the address of 11950 N . LOWER SACRAMENTO ROAD LOD1lstrfetl , California 95242 ("Property Address") ; ICityl [Zip code] TOGETHER WITH all the Improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a pari of the property. All replacements and additions shall also be covered by this Security Instrument . All of the forgoing is referred to In this Security Instrument as the "Property. " BORROWER COVENANTS that Borrower Is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Properly is unencumbered , except for encumbrances of record . Borrower warrants and will defend generally the title to the Property against all claim and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENTeombines ualform covenants for national use and non•unlform covenants with limited variations by jurisdiction to constitute a uniform security instrument' covering real property. UNIFORM COVENANTS . Borrower and Lender covenant and agree as follows: 1 . Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Lato Charges, Borrower 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 Section 3. Payments due under the Note and flits 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 (lie 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 check or cashier 's check , provided any such check Is drawn upon an Institution whose deposits are Insured by a federal agency. Instrumeatallty, 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 Its may be designated by Lender In accordance with the notice provisions in Sectiou 15 . Lender may return any payment or partial payment if the payment or partial payments are insuffldent 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 prejudice 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 dale, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring The Loan current . If Borrower 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 cutsfanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower adgbt have now or to the future against Lender shall relieve Borrower from making payments due under the Note and this Socially Instrument or performing the covenants and agreements secured by this Security Instrument , 2 . Application of Paymeots or Proceeds. Except 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) principal due under the Note; (c) amounts due under Section 3 , Such payments shall he applied to each periodic Payment Jn the order In which it became due . Any remaining amounts shall be applied first to late charges, second for any other amounts due under this Security fnsirument , and then to reduce the principal balance of the Note . If Leader receives a payment from Borrower for a delinquent Periodic Payment which Includes a sufIIclent amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge , if more than one Periodic Payment is outstanding , Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent (hat , 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 Periodic Payments , such excess may CAUFORNIA-•Skigle Famlly.fannle Mae/Freddto Mac UNIFORM INSTRUMENT DocAtGpkel7kaaamm ones+arut Form 3005 1 /01 Page 3 or 14 www. docmep/a. com Description : San Joaquin, CA Document- Year. DoclD 2005, 249782 Page: 3 of 18 Order: 6541 Comment: