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201200389 BORRO��ER COVENANTS Chat Borro�ver is lawfully seised of the estate I�ereby conveyed and has the right to �m'ant and convey the Property and that the Property is uncncmnbered, except for encumbrances of record. Boaower warrants and will defend generallq the title to the Property against all claims and demands, subject to any encumbrances of record THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with lunited variations by jurisdiction to conskitute a uniform security insinunent covering real properry. Uniform Covenants. Bosower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrowe�- shall pay when due Uie principal of, and interest on, the debt evidenced by Che Note and any prepa}�nent charges and late chazges due under the DTote�. Borrower shall also pay funds for Fscrow Items pursulnP to Seclion 3. Payments due under the Note and this Security instrument shall be made in U.S. cmrency. However, if any check br other instrmnent received by Lender as paymeat imder the Note or tlus Security Instniment is returned to Lender unpaid Lender may require that any or all subsequent payments due undzr the Note and fhie Securii�y Instrurnent be made in one or more of the following forms, as selected by Lender: (aJ cash; (b)money arder; (c) certified chzck, bank check heasurex's check or cashier's check, provided any such check is drawn upon an institurion whose depasrts aze insured by a feder2l agency, instnunentality, or entity; or(d)Eleetromc Fimds Transfer. Paymen[s aze deemed received by Lender when received at the�location designated in the I�TOte or at such other location as may Uc designated by Lender in accordance with flie notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring fhe Loan current. Lender may accept any payment or partial payment insufficient to tiring the Loan c�ent, v✓ithout waiver of any righfs hereimder oi prejudice to its rlght:s to refiase such payn2art or partial paymen'ts in the future, but Lender is not obligated to apply such payments at the time such payments aze accepted if each Peri.odic Payment is applicd as of its scheduled duc date, then Lender need not pay interes[ on unapplied funds. Lendcr may hold such unapplicd funds until Borrower makes payments to brin�the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or rehun Chem to Borrower. If not applied eaz-lier, such funds will bc applied to the ouCStanding yriucipal balance under the Note Iminediately prior to foreclosure. No offset or claim.which Bonower might have now or in the future against Lender sha11 relieve Borrawer from malting payments due under the Note and tl�is Security Instrument or performing the covenants and agreements seciued Uy this Security Instnunent. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all pag�ments accepted and applied by Lcnder shall be�pplied in flie following order of priority: (a) interest due under the NoEe; (b)ptineipal due under the Note; (c) amoimts due uuder Section 3. Such paymeflts shatll be applled to each Peri�dic Payment in The order in which it became due. Any remaining amounts shall Ue applied first to late charges, second to any othet amounts due under this Security Instnunent, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrov✓er for a delinquent Periodic Payment which inchides a sufficient amount to pay any lata chazge due, the payinent may be applied to fhe delii�qc�ent payment and the late charge. If more than one Periodic Payment is ouEst�ding, Lender may apply any payment received��om Borrower to the repayment of the Peri�dic Payments if, and to the extent that, each payinent can be paid in full. To tha eYtent that any excess exists al�er flie payment is applied fo the full pa}mient of one or more Periodic Payments, svch excess may be applied to any late cliarges due. Voluntary prepayments shall be applied first to any prepayment charges and tlien as descxibed in the Note. 2aoaoosc NEBWISKA-Single FarnityFannie Mza�Fredcie Idac UNIPoRM INSTRUMENT Fotm 3028 1101 V:d P� V hq Po(N EJ(1105) R'olters Rluwet Financial Services pa9e q��