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2012030�� BORROWER COVENANTS that Bortower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Properly is unencumbered, except for encumbrances of record. Borrower warrants and wi11 defend generally the tifle to the Property against all claims and demands, subject to any encumbrances of record. THIS SECiJRITY INSTRLTMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Peyment of Principel, lnterest, Escrow Items, Prepeyment Charges, and Lete Cherges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by tb.e Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Esczow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if auy check or other instrument rec�ived by Lender as payment under the Note or this Security Instrument is rehuned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose degosits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Tzansfer, Payments are deemed received by Lender when received at the location 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 ma.y return any payment or partial payment if the payment or partial payments aze insuff'icient to bring the Loan current. Lender may accept any payment or partial payment insuff'icient 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 paymenfs at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unagplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. ff not applied earlier, such funds will be applied to the outstanding principal balance under the Note immedia,tely prior to foreclosure. No offset or cla.im which Borrower might have now or in the future against Lender shall relieve Bonower from making payments due under the Note and this Security Instrument or performing the covena.nts and agreements secured by this Security Instrument. 2. Applicetion of Peyments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall 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 each Periodic Payment in the order in which it became due. Any remaining amounts shall 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 receives 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 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 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 applied first to any prepayment charges and then as described in fhe Note. NEERASKA-Sirtgla Family-Fannia Mae/Freddia Mac UNIFORM INSTfiUMENT Form 3028 7l01 V � P � VMPB�NE1117061.00 Wolmrs Kluwer Fir�rxial Services Page 4 of 77