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201207026 E30RROVv'RR COVL:NANTS Chat Bozrower ie lawfully aeised of the estate hcrehy�coirvoyad uid hns kt�e right to grazit 1nd convey the Property and tliat flie Property 4s unencumbered, excepC fox enoumb�ances of re�ord. Borrowe�•wnrrants and will defend gencrally the title uo the Properry agflinsY all claime azid demande, subjcct to � any encuinbrances ofrecord. THIS SECURLTY INSTRUMENT comUincs unifom�coven�uts for nnCioiial use and non-uniform covonants w'rth limiYed v�ui�atio�ns by jtiu isdiction to constitute a unifoim security instrument coveriug re�l pr��erdy. Uniform Covenatlts. Borrower and Lc�idcr covenanf and �cgree ae follows: 7. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sh�ll pay when due the principal oP, azid interest on, the deht evidenced'by tha Noto�nd nny prepayment oharges and lnte charges due mider tl�c Noto. Borrower shall also pay funds for�scrow Items,pu�:suanf to Section 3. Pa}+inents duc uvder Che Note fmd thia Security Instrument shall bc�nadn in U.S. curxency. �Iowever, if any cheok or other inst�utnent ceceived by Lcndor a�payment under the NoCe or tilus Secm�ity instrumetit is reuu•ned Eo Lendar unpaicl, T.end�r tnay require that any or all subsequent pnyments due �u�dc�r Che Noce ancl this Security Instrwnent bc made in one or more of the following Portns, as scicceed Uy Lender: (a) eeeh; (b)inoney order; {c) ccrtiGed checic, bnnlc cheek, tireasurer's chec1c or cashier's cheelc, pxovided eny sttch clieok is drawn upon ni�i instilution zrhose deposits are inaurcd by a federai ngency, instrwnentality, or eiitity; or(d}L+leotronic Pnnds Transfer. Payments are cleemed reoeived by Leu�ier when reccived aC Lhe locn6on deaignated iu the Note ox ati euch other location es tnay be dasiguated by L ond�r in accotdance with Cha notice provisiot�s in Seation 15. Lender inay return any paymenh or partinl payment if the paymont or peiriifll pa�i�ents are insuP�cient to brii�g the Loan cmrenl. Lender may accept any paymcnt or�arti�l payu�ent iusuPfxeiant to Uring thc L�an ourrent,without waiver of auy rights hereandcr or prejirdice W its rightia to i'efuse stiich pa}nnent ox partinl payinents in the futw�e, but].endcr�is not oblign(ed to epply such p��yments at U�e dme snch p�}nnents �se �ecepted. If aach Periodic Payv�enC is applied as of its sclieduled due date, 4hen Lender need not pay Interest on miapplied flmd�. Lender may hold sucfl uuapplied ftmds until Borrower makes p�ymenCa fo bring fl�o T�an currcnf. If Borrower cloes noti do so wit1�in a reaeonable peciod of time, Lender sha11 oifhcr apply�uch funds or return them to Borrower. if noti applied esu•lier, such fitnds will be�plicd to fh�ouCatanding wrincipal balance undcr the NoCe nnmedietely prior to foreclosLiro. No ofPaeL or olaizn wl�ich Borrower miglrt h��ve now or in Yha f'utttre againet I,cridar e11aR a�elieve BoA'z•ower froin inAl<ing payments due under the Note and this Security InstrutnenC or pez-foxming the wvanants arad��grccnzenls securei{6y this Security Insh'umcnt. 2. Applieation of Payments oY PrOCeeds. P,xcept as ot4�erwise described iu thie Seotion2, a11 payme��t� aocepCed nnd applied by Lender sl�all bc applied in Che Follnwing orcler of priorify: (a) interest due under Che � Note; (b)pcineipal dne nndcr thc Note; (c) amolmts dtte wider Sec6on�3. Such payments ahall be eppGed ta each Periodic 1'ay�ncnt in Ll�e order in which iC Uecaine dLie, Any rcmainnig nmoiruts shAll be applied first to late chaz'ges, second to atry oYher aanouarts due Lmdcr Clus Security Instrurnent, aud i3ien to reduca tUe prinoipal balunce of tl�e Note. If Lender receives a paymeirt fi orn Y3urrower for� delinquent Periodic Paqment which inchides a suff"zeient atnounC to l�c�y any tate cherge due, the p2ymeuC may Ue app1ied ho the delinqnenC payment and Cha late char�;c„ If more thAu one Pexiodio I'ayAnent is ouCstanding, Lender niay apply auy payment reoeived fi oin Borrower to the repayineut of the Pcrlodic P�yinents if, end to the extent that, each paymenC enn be peid in fiill. To the extent t7iat any exoess exists after the pe�yinent is npplied to lhc full pa}�meni o£one or more Periodic Payments, �uoh exoess may be applied to eny lcttc charges chie. Voluntary prepayments shall Ue applied first�to any prepaymeffi eharges and then zs described in the Note. � zaoo+sia NEBHASRA-Single Fam lly-Fonnle M ae(Ffetldle M ec UNfFORM INSTRUM ENT Forfi 3020 1/01 VM P� VM P0(NE�(7105) Woltorc Kluw er Financi2l Services PnBe.4 nf f Y