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201201013 BORI20R�'IIL COVENANfS that Boaower is lawfiilly seised of the estate hereby wnveyed and has the right to grant and conti2y the Properry and that nc�Properry is unencumbered, except for enciuvbrancec nf recnrd Boaower wa�axits and will defead generally the ritle Yo the Property against all claims and demands, subject to �y encim�brances of record TffiS SECURITY IfdSTRLJMENT combine�uniform covenants for national use and non-�form coveaiants wirh lunited vaziations by jurisdiction to constitute a uniform secuxity instrument coveriq,rea.l property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment oi Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due ihe principal oE and interest on, the debt evidenced by the N ote and any prepayment . � charges and late charges due under the Note. Boao�ver shall also pay funds for Escrow Items pursuant to Section 3. Payments duz�mder the Note and this Security Instrument sfiall be made in U,S. currency. However, if any check or other iastnunent received by Lender as payment under the Note or this Security Instnunent is retumed to Lender unpaid, Lender may require that any or all subsequent paymen[s due Lmcier the Note and this Security Instrument be made in one or more of the following forms, as selected by Lendet: (a) cash; (b)money order; (c)certified check, bank check, treasut'er's check or cashiar's checic, provided any such check is drawn upon an instihrtion whose deposits aze insured Uy a federal agency, instrumentality�, or entiry; or(d)Elec�onic Funds Transfer. Fayments aze deemed xeceived by Lender when.receivod a[khe location designated In the Note or at such other location as inay be desi�ated by Lender in accordance with the notice provisiovs in Section 15. Lender may retum any payment.or partial payment if the payment or paztial payments are insufficient to bring tlie Loan current_ Lendei may accept any pa}ment or partial payxnent insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to reFuse such payment or partial payinznts in the future, but Lender is not obligated to apply such paynents at the tvne such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lcnder nezd not pay interest on unapplied funds. Lender may hold such unapplizd funds until Borrower makes paymcnts to bring the Loan current. If Borrower does not do so within a reationable period of time, Lender shall either apply such funds or rehxn them to Borrower. Lf not applied earlier, such funds will be applied to the outstand'mg principal balance under the Note immediately prior to foreclosure. No offset or claim which Sorrower might havz now or in the fuhu'e against Lender shall relieve Borrower from making pay7nents due under the Note and this Security�Instnunent or performing the covenant�and agreements sec;ured by this Security Instrument � 2. Application of Paymenis or Proceeds. Except as otherwise descrbed in this Secdon 2, all payments acczpted and applied by I,ender shall bc applied in the following order of prioriry[ (a)intere,t due tmder the Note; (b)principal due under the Note; (e) arnounts due under Section 3, Such payments shall be applied to zach Periodic Payment in the order in which it became due. Any remauiiug zmounts shall be appliad first to late charges, second to an�r other amounts due under this Security�In,trumcnt, and then ko reduce t7ie � principal bal�nce of the Note. If Lender receives a payment froin Borroiver for a delinquent Periodic Payment which includes a sufficient amouut to pay any late chazge due, the payment ma}�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 that, each payinenT can be paid in full. To flie extent that any excess eusts after flie pag�m.ent is applied to the full pagmeni of one or more 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 described in the Note. z<oaezao � NEBWISKA�;ngleFamly-FannieNZelFredd;eMacU�IFORb'INSTRUb1EVT Porm3P281i0'I ��'�P� V M P6(NE7(1105) 'JJolters Kluw✓Financfal Serviws Page 4 of 1�