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201201757 BORROWER COVENANTS that Borrower Is lawfully selsed of the estate hereby conveyed and has the right to grant and convey thz Property and that the Property is unencumbered, cxcept for enctunbrances of recorci. Borrower warrauts and wi11 defend generally tlie fitle to the Properiy against all clatms and demands, subject to any cncumbrances of record. THI�S SECURITY INSTRUMENT combine.5 uniform covenants for national use and non-uniform covenants with limited variations by jurisdichion to constitute a uiriform secuxity instrument covering real property_ UnifOrm Covenants. Borrower and Lender covenurt and agree 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 etridenced by the Note and any prepayment charges and late charges due under the Note. Borxo�ver shall also pay fuuds for Escrow ltems pursuant to Section 3. Paymentc due under the Note and this Secwity Instrument shall be made in U.S. currency. However, if any check or oflier instrument received by Lender as payment under the Npte or tl�is Security Instrivnent is returned to Lender unpaid, Lender may requue that any or all subaequent payments due under the Note and this SecuriCy Tsrstrument be made in one or more 6f tfie following forn�s, as selected by Leuder: (a) cash; (b)money orda; (c) eertified check, bank check, treas�er's check or cashier's check, provided any such eheck is drawn upon an institution whose deposits aze insured by a federal agency, instrumenk�litg or entity; or (d) Electronic Funds Transfer. Paymeuts aze deemed received by Lender when received at the location designated in the Note or at such oiher Iocation as may be designated by Lendea 3n accordance witl�the notice provisions in Secrion 15. Lendes may return any payment or partial payment if the payment or partial payments are InsufFicient to bring the Loan current Lendar may accept any payment or partial pa�nent insuf�icient to bxing the Loan current, without waiver of any rights hercunder or prejudice to its rights to refuse such payincnt or partial payments tn the future, but I,ender is not obligated to apply such payments at the time such pa�uients ase accepted if each Periodic Payment ds applied as of its scheduled due date, then Lender need not pay intaesT on uaapplied fixnds. Lender may hold sueh unapplied funds until BarcoR=er inakes payments to bri�the Loan current. If Borrower does not do so witlun a reasonable period of tune, Lender shall either apply such funds ox zehun them to Borrower. Tf not applied earlie=, such funds v✓iil be applied to fhe oukstauding principal Izalance undex the Note Immediately prior to £oreclosure. No ofEset or claim which Borrower migl�t have now or ui.the future agains[Lender sball relieve Borrower from making paycnents due undcr tlie Note and this Secwity InsYruincnt or perfomiiug Lhe covenants and.agreeinents secured by this Securit}� Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments acceptecl and applied by Lender shall be applicd In�he£olloa�ing order of priority: (a) intcrest due uncler fl�e Note; (b)priucipal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to cach Perlodic Pavment in the order in w�hich it bccame due. Any rc�naining amoimts shall be applied first to late charges, seeond to aay other amounts due under this Seciaity Tnstrument, aud then to xeduce tiie principal balance of the t�TOfe. IY Lender receives a.pa}anent from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, [he payment may be applicd to the delinquent pa��ment and the late chazge. If more than one Periodic Paymeat is ouistanding, Lender may apply any payment received from Bosower to the repayment of the Periadic Payments if, and to the extent that, each paymenC can be paid'm full. To the extent that any excess exists afta the payment is a�lied to the full payment af one ps more Periodic Payments, such e�cess may be applied W any late charges due. Voliu-�tary prepaymen4�s shall be applied first to any prcpayment charges and then as described in thc Note. 24000573 �FBRASKASingle F�mily-Pannie Mae/Reddie A9ac UNIFO�M INSTRUie1EIJT Fortn 3028 V01 van a� vM Pe(N��i i ae� N.�o:ters Kluwer Financizl 5ervices - Pzge4 of V