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201201859 BORROWBR COVENANTS tl�at Borrower is 1awfi�lly seised of the es-tate hereby conveyed and has the right to �anT and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims �d demauds, subject to any encmnbrances of record. THIS SECURITY LNSTRIJVIEI�TT cc�inbines uniform covenants for national use and non-unifonn cocenants with limited variations by jurisdiction to constitute a nniform security inskLUnent covering real properry. Uniform CovenanYs. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sball pay when due the principal of. and interesti on, the debi evidenced by the Note and any prepayment charges and late cl�arges due under the Note. Borrower shall also pay funds for Escrow Itetns purstiant to Section 3. Paynients due under the Nofe and this Security Instrumeirt shall be made in U.S. currency. Ho��ever, if any check or other instrument received by Lender as payment under the Note or trus SzcLUity Tnstnunent is retunied to Lender unpaid, Lender ma.y require that any or all subsequent payments due under the Note and this Security Instrument.Ue made in one or more of the following forms, as selecte (a) cash; (b) money order; (c) cerfified check, bank check, treasurer s check or cashier's check, provided any such check is drawn upon an institution whose deposits are ins�ed bp a fedetal agency, instrumentality, or entity; or(d)�lectronic Funds Transfer. Pa�xnents are deanefl receioed by Lender when reoeived aY$ie locatiQn designaEed in the Note or at sncl� other location as maq be designated by Lender ui accordance�ith the notice provisions in Section I5. Lender may retum any paymeut or paztial payment if the pa}�ment or partial paymenYs are insufficient to bring the Loan currenL Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or yrejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payinents at the time such paymenCs aze aceepted. If each Periodic Payment is applied as of its scl�eduled due date, tfien Lenda need not p�y IntereSt on uaapplied fixnds. Lender may hold such unapplied funds until Borrower malces payments to bring the Loan currenL If Sorrower does not do so within a rea.sonable period of time, I.ender sha11 either apply sueh funds or return them to Borrower. If not applied earlier, such funds will Ue applied to the outstanding principal balance undzt the Note unmcdiately prior tu foreclosure. No offsat or claim wluch Bonower might have now or in the future against Lender shall selievc Sorrower from making paymen4s duc uiider the Note and this Sccurity Instrun�ent or perfornung the covenanU and agreements secured by#his Security Iustruxnent 2. Application of Payrttents or Proceeds. Excep#as otheczvise described in this ScctiQn 2, all payments accepted and applied by Lender shall be applied in the iollowiug oxdcr o£priority. (a)interest dua under the ATOte; (b)principal due under the Note; (c) amouuts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining am�unts shall be applied first to late charges, second to any Other�ounts due mider this Security Instrument, and lhen tQ reduce the principal balance of the N�te. If Lznder receives a payment from Borrower fox a delinquent Periodic Paytnent which includes a sufFicient amount to pay any late cl�zrge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodie 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 payment can be paid in fidl. To the cxtent that anv excess�ists after the pa}anent is applied to the full payment of one or more Periodic Paymenfs, such excess may be applied to any late chazges due. Voluntary prepayments shall be . agplicd firsf to any prepa}�ment chazges and then as describecl in tlie Note. zaooassa N�RASKASingle Famiiy-Fannie M aelFreddie M ac UNIFORM INSTRUM EIVT Form 3028 1/01 W oL� VM P6(NEJ(�105) ers Kluwer Financial Services Page 4 ot 1]