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201206312 BORROWERCOVENANTS that Borrower is lawfiilly seised of the estaCe hereby con�eyed nnd has U�c riglat to grant and convey the Property and that the Properly is tmencun�hcrcd, except Por enomnbrances of recard. Borrowcr warrante and wi11 deFend generally Yhe tiYle to the Property against all clai�ns and demands, subject to any encumbrnnces of recurd. TI-ITS SL�CURITY INS'1'l2LTMRNT combines miiform coveneuYs Yor n�ttional use and non-uniform covenants witil� liiniCed vari�tions by ji�risdiot�on to cone6ituto a uniform security inskument coveriug reel properCy. UnIfOYM Covenants. Borrower and Lender covenant and a�;�ee as iollows: 1. PaymenY of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Rorrower ahall�ay when duc tlic prii�cipa1 of, arid interest on, the debt avidenced by Yhe Note and any preplyment c1i�r�es and late charges dueunder the Note. Borrower shnll also pay funds for�,scrow items pw�suaut to Section 3, Paymenls due under tl�e Note and Chis Security Instetunent ahall be made in U.S. currency. IIowever, iP any el�eolc or oHier instr umcnt ceceived Uy Lender as payinent under tlie Note or this Seeurity Listrume�it is returned to Lencier unpaicl, Lei�ider may requirc that any or a17 aubsequent payinanYs due under the Note aud Ehis Securitiy Inst�mnent be made,in one or more of the following Ponns, as aciccted Uy Lendet: (a) czsh; (b) moncy ordcr; (c) cettified clieck, bank aheck, treasm'er's check ar cashier's cheek, provided any such check ie drawn upon an iiietifuLion whoso tiepoeiis aro insurcd by a federal a�ency, insY�'umentality, or �nGity; or(d)Electronic Funds Transfec. Paynzents ere deemed received by Lander when received at the location dcsignated in the Not�e or at such oUier locafion as mey be deaignafed by Leuder in nccordano�with the notioe provisions in Sc,rot'ron 15. Lc;j�der may rehun any payment or partial payinanti if tlie payinetrt or pu•tial payments pre insiil'Ccienf to 6ring the Loan currcnt. Lcndcr may accept any payme��t or partial payinent insufficient Eo bi•ing the Lofln cutrenE, without waiver of nny righte hereunder or prejuciice Co iTe righLs to rcfiise such payment or p�rtiial payinents in the fu[ure, but Lender is not obligated to apply euch paymentis at the time such paymcnte aro accc;pte;d. If cacl�Youodic Paytnenk is npplied as of its sclxeduled dua dake, tihen Lender need not pay interes[ on unapplied funds. Letacier sx�ay holci suoh una�plied Funds unti] Borrower ma1res paymenCs to Uring tha Loan current. If Borrower does uot do so within a xeasonable period of time, Lender ehall cithcr apply sLich funds or retwn thein to Borrower. If noC applied earlier, such iiands will be applied to the outstanding principal Ualance undcr fhe Note im�nediately prior to foreclosLve. No otfset or claim which Borrower might have now o�•in the firture ag�inst Lender shall relieve 13orrower fi�om snnldng payments d�io undcr the Notc and this Security InsUuuient or performing the covenuits 1nd agreements secured Uy thia Security Instruurcnt. 2. Application of Payments or Proeeeds. Fxce��t E�s otherwise�iescriUecl in tUis Section 2, all payinants aceepted ancl Applied by Leuder ahall be applied in the Pollowing order of pziority: (a) intcrest due u+ider the Note; (b)principal due under tlie Note; (c) amouuts due under Sactioxi 3. Such pey�nents shall I�e applied to each Y�7odic Paymcnt�n thc order in which it became due, Any remaiuing ainonnCs sl�all ba applied firet to late chnrgea, seeond to nny other aniounts due undex Chis Secnrily InsLrmnent, and tl�on to reduce the principal bala��ce of the Note. If Lender receives a pe}nnent fiom Borrower for a delinquent Periodio Paywent which includea a suf�cic�it aiuomrt Co pay auy late charge due, tha payinent inay be a�>plied to the delinquent payment nnd the late a1�ar-ge, If more than one Veriodic Payment is otirtstemdiug, I.euder may apply any paymant received from Borrower Lo Che reyayinenC oP khe Periodio Pay�nenle if, �nd to Chc oxtoiit that, each payment can be paid in full. To the extent that any excess exisYs after tlie payAuent is a�lied to the fiill paymenC oP one or ivore Pariodic Payment,s, suoh excess may be applied to ang late charges due. Voluntzry prepaymanYs ehall be applicd GreC to any prepaymont charges and thcii ae describcd in fl�c Note. 2h007565 NGOR�SK�-Sinyle Family-Fannie M17aolF�etltlie Mac U@IFORM INSTRl1M[NT Form 3028 17�1 VM P C� VM P8(N6)(11061 Woltere Kluwer Rnancial Se�viceq page 4 oi 17 a