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20120�f5� �RROWER COVENANTS that Borrower is lawfully seiserl of the estate hereby cflnveyed and has the right to grant and convey the Property and that the Properiy is unencumbered, except for encumbrances of record. Bonower wairants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENl' combines uniform coven�ts for national use �d non-uniform covenants with limitai variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender coeenant and agra as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late 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 sha11 also pay fimds for Escrow Iterns pursuant to Section 3. Payments due under the Note and this S�urity Instrument sha11 be made in U.5. currency. However, if any ch�k or other instrument re�eiv�l by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may re�uire that any or all subsequent payments due under the Note and this Se�urity Instrument be made in one or more of the following forms, as select� by Lender: (a) cash; (b) money order; (c) certified check, bank ch�k, treasurer's ch�k or casluer' s ch�k, providerl any such ch�k is drawn upon an institution whose deposits are insuretl by a f�eral agency, instrwnentality, or entity; or (d) Ela;tronic Funds Transfer. Payments are deemed received by Lender when receiv� at the lacation designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may rdurn any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender ma.y ac�ept 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 payanents at the time such payments are accepteci. If each Periodic Payment is applie� as of its sch�uled due date, then Lender need not pa.y interest on unapplied fimds. Lender may hold such una�splied fimds until Borrower makes payment to bring the Loan current. If Bonower does not do so within a reasonable period of time, Lender sha11 either apply such fimds or re�turn them to Bonower. If not applied earlier, such funds will be applied to the outstaading principal balaz►ce under the Note immediately prior to for�losure. No offset or claim which Borrower might have now or in the firture against Lender sha11 relieve Bonower from making payments due under the Note and this Security Instrument or performing the covenants and agreeinents secured by this Security Instriurient. 2. Applicabton of Payments or Proceeds. Except as otherwise describerl in this S�tion Z, a11 payments accepted and a�plie�i by Lender sha11 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 be applied to �ch Periadic Payment in the order in which it b�;ame due. Any remaining amounts sha11 be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender r�eives 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 more than one Periodic Payment is outstanding, Lender rnay apply any payment re�eiverl from �rrower 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 Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be appli�l first to any prepayment charg�s and then as describ� in the Note. Any application of payments, insurance procee�s, or Miscellaneous Proceeiis W principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. �nds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the °Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items wluch c�n attain priority over this Se�urity 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 reqwired by Lender under Section 5; and (d) Mortgage Insurance 2300070575 D V6ANE NEBR/►SKA - Single Family - Fannle MaelFreddle Mac UNIFORM INSTRUMENT WITH �-6A{N� (os�o1 Page 4 oT 16 i„� �� `"� Form 3028 7/07 n