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201208058 RORROWER COVENANTS thAt Borrower is lawfully seieed of tho cstate hereUy convayed and has the rig$t to grant and convey the Proparty aud that Yhe Property ia unencumbered, except For oncL�mUrances of�record. Borrower warrants and�vill dcfe�id geuerally the title to ilia Property egninst all olaime and demands, sub,j^t to any eucumbrances of record. TITIS SECURITY INSTRUML+N'1' combii�es w�iforni covenants for nattonal usa eud non-uniform oovenants with litnited variations by jnriedicGon fo oonsti6uCe 1 imiforiii scourity insfrmnent covering real property. Uniform Covenants. Borrower �uid Lender covc.K�ant and agrev as follows: 1. Payment oP Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sh�Il pay when due the princip�l of, aud intcrest on, thc dcbt evidenoed by the Note aud eny prepayment charges and late charges due under the Note. Borrower shall also ppy fimds for�soiow Itcros p�u'sL�ant to Sectiion 3. Paymcnts iiuo un$er the Note and Uiiy Security Insh'mnent shall ba mnde in U.S. currency. SIowever, if nny check or olher instruuienf rcceivcd Uy Lc;ndcr as payment Luider tihe Note or thie Security InsYrwnent is rehu•ned to Leuder unp�id, Lender may require thaC any or all �uUscc�ucnt payments due under the Note and this Security H�st�wneirt be inade in one or inore af the followin�fonna, as s�lecCed by Lcnder: (a) cash; (b) moiioy order; (c) ccrtified checl<, Ue�nlc checic, h'easm�er's check or cashier's cheok, providecl any such check is drawn upon an institution whose deposits are ineured by tt fcderal agency, instxumentalidy, or entity; or(d)ElecYsonio Funds Transfar. Payments are deemed received by Lender when receivecl ae the loeation designatecl in thc Noto or at sach other locafion as may Ue designated by Lender in accordance witli the uotice provisions ui SecCion 15. Lender•m�.y retur�n any payment or paz�tial paymant ii'Uie pay�menE or parEial paymente az�e insuffioient to brir�g Lhe Loan oiu�rent. Lendor may acccpt any payme�lt or parHal�aymenY insufricient to bring Yhe Lonn current, without waiver of nny rights heteuneier oc prejudiae Co its rigl�Ls Co rcCusc such payment or parCipl payinenCs in the future, btiit Lender is not obligeked to apply euch paymenta nt the fime auoh payments are accoptcd if cacli Voriodic.Payment is app1ied as of it�s scheduled due dake, then Lender need uot pay interest on unapplied funde. Lender may liold auch nnupplied funds until Borrowcr mal<es payments to bring Uie Loan current. If Rorrower cloas not do so within A reAsonable period oP lime, Lender shall eithc,K apply such fw�ds or return t11e�n to T�orrower. If noY applied eTrlier, such funds will be appliod to the outstanding principal bala��ce under tlie Nntc innncdiatcly prior to forcclosure. No offset or claim which Borrower might have now or in the f'utura agaii�st Lender shall relieve Borrower Crom m�king payu�ents due under the Nofe u�d thie Security Inshutnent or performing tke covenants uid agceaments seom�ed by this Security Ins[rument, 2. Applieation of Payments or Proeeeds. I;xcepY as othe�wise descriUerl in Uiis SecEion 2, a11 paymeirts aecepYed and applied by Lender shnll be applied in the Pollowing orcier�f priority; (a)intcrest dua under thc Note; (b)principal dne under tha NoCe; (c}vnounts dua under Section 3. Such payuzents shall be applied to each Periodic Payn�cnC in$ie ordcr in which it became due. Any remaining amounts shall be applied first to late cherges, second to nny other amouuta due under this Seourity InalriunenC, and then to rcducc tlie principRl balance of the Note. If Lander receives a payment fi•om Borrower for a delinquent Periodio Payment whioh includeF a snfficicnC ainount to pay any late charge dLie, the payment may Ue applled to the delinquent payment and the 11te chargc. If inoro than onc Poriodic Payiiwn�t is outstanding, 1,onder may apply airy payment reeeived From Borrowet to tlie repaymenC of LhePexiodic PaymenCc if, anci Lo the extei�C tli�t, cacl� pay�ne��t can be pa�id in full. To tha extent that aaiy excess exists �fter the payment ia npplied to the fiilI paymenC of one or morc Periodic I�ayments, sLtch excess may Ue applied Co aiiy late chu�ges due. Voluutary prepeymenCa shn116e npplied firs[In nng prepa�ienC eharges and Cl�on as deseribed in N�c Note. 240022�36 NEBRA51<A-Single family-f-ennir,M17ae(Freddie Mao 11NIFORM INSTRUM[NT Form 3026 1/01 VM P p VM PB(NEJ(11061 Wolters Kluwer Rnenclel Se^vlces Papa4 nf 1Y