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201206682 BORROWER COVGNAN"1'S that Borrower is lawfully seised of the estate hercby conveyed and has the right to graat and convey the Properry and that the Property is unencuxnbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims.and demands, subject to any encumbrances of record THIS SECURITY INSTRU�IvIENT combines unifonn covenants for national use and non-tmifonn covenanfs wlth limited variariozis by jurisdiction to consritute a uniform security inshvmeat eovcring real propeny. Uniform Covenants. Bonower and Lender covenant and agree as follows: 9. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrqwer shall pay when due the psmcipal of, and interest on, the debt evide��ced by the Note and any prepayment chazges and late charges due under the i�Iote. Borrower sfiall also pay funds for Escrow Items puxsuant to Section 3. Payments due under the Note and this SecieriYy Insmunent shall be made in U.S. currency. However, if any check or other instrument received b��Lender as payxnent under the Note or this Securrty Instrument is retmned to Lender unpaid, Lender may require that any or all subsequent paymenis due under the Nc�te and this Security Instrument be made in one or more of the following forms, as selected'by Lender: (a) cask; (b)money'order; (c) certified check, bank check, treasurer's check or cashier's check, pro��ided aay such check is drawn upon an institution whose deposits aze insured by a federal agency, instrumentality, or entity; or(d) ElecVonic Funds Transfer. Payments are deemed received by Lender when receivcd at the location designated in the Note or at such other location as may be designated by Lender in accordance with fhe norice provisions in Secrion li. Lender ma.y retuxn any payment or partial payinent if tlie payment or parkal payments are i�isufficlent to bring the Loan curr�nt. Lender may aocej�t any payment or�aztial payuient insu£ficient to bri�ng fhe Z,oan current, w3thout waive�of any rights hereunder or prejndicz to iYs rights to refuse such payment or parhial payments in the future, birt Lender is noY obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, [hen Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds unTi1 Borrower makcs payments to bring the Loan current. I£Borrower does not do so within a reasonable period Of rime, I,ender shall either appiy such funds or retiuv them to Boxrower. If not applied eazlier, such fimds will be applied to the outstanding principal Ualance under the Note immediat�ly prior tc3 foreclosure. No ofi'set or claim which Borrower might have now ox iv ihe future ag�st Lender sha11 relieve Borrower from making payments due under thc Note and this Security Instrument or performuig the covenants and agrezmeuts secured by this Security Instrument. 2. Application of Payments or Proceeds. Fxcept as otherv✓ise ciescribed in tlus Section 2, al]pa}anents accepted and apylied by Lendet shall be applied iu lhe folluwing order of�ioxity (a) interzst due undet the �Tote; (b)principal due under the Note� (c)amounts due mider Section 3. Such payment shall be applieci to each Periodic Yay�nent in the order in�vhicn it becamz due. :1ny remauung amounts shall be applicd first to late charges, second to any other amounts due under this Security Ins�ument, and then to red.uce the psincipal balance of the Nota. If Lcnder receivc;s a pa}nnent from F3orrower for a delinquent Periodic Payment wluch includes a sufficient zmount to pay any late chazge dixe, the payuiuient inay l�e applied to the definquent payment and the late cflarge. If more than one Periodic Payment is outstanding, Lender may apply any payment received&om Borrower m the repayment of the Periodic Payments i£, and to the extent Yhat, each payment can be paid In full. To the extent that an�excess exists after the payment is applied to the full payment of one ar more Pcriodic Payinents, such excess may Ue applied to any late chazges due. VolanL�sy yrepayments shaL1 be applied.hrSt to any prepayment chazges and fhen as described in the Note. zaoonaz NE3RP.SKA-Single Family-Fannle IAaelFredtlie fdac UNIFORM INSTRUMENT rorm 3028 1701 �IA P'�nl VM P6(NE)(1�O5) Wolters Kluwe�Fnancfal Services Page4 cf tl