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201208228 Bl7RItOWER COVRNANTS thati Borrower is lawfully seised of the eatate hereby oonvoyed and has the right to grant end convey the Pro,perty tuid tha[the Pro�erCy ie imcucumUered, except for encumbr�nces of record. Boi7�ower warr�u�ts and will ciefeud geuerally t$e title to the Pxoperly againnt a17 claims aud deineuids, subject to any encumbrances oPrecord. TIISS S�CUffiTY INS'I'RUMFN7'comUines uniPorm covenants for national ase and non-ui�iform covenanCs with limited variations by juriecliction to constihrte a unifonn secm�ity inslrmnent oovering rcal property. Uniform Covenan4s. Rorrower and Lender covenant and agree ps follows; 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interesY on, the debt evidenced by th�Note a�id any prepayment charges and late charg�es due under the Note. Borrower shall also pay fimds for Eserow Iteins pursuant to Seclion 3. Payments dLie Lmder tlxe Note and this Seaurity Instrmnent shall be mado in U.S. cLvrency. Howevex, if auy oheok or oCher instrunw��t received by I.ender as payment under the Note or Chis 5ecurity lnst�wnent is raturned to Lender unpnid, Lender mfly requiro that any or a11 subsequent payinents Aue under thc Note and khis Secnrity Instrument Ue inade in one or more of the following forme, as seleoted Uy Leuder: (a) oasli; (b)n�onoy or<icr; (c) cerkified check, Uat�lc check, treasurer'e check or c�shier's check, provided any such check is drnuni upon au inetifution whose deposits are insw�ed Uy a faclerni ngency, instrumentality, or entity; or(d)Electrouic runds Transfer, Payinents are deemed received by Lender�vUc��rccoivcd aC the looatiion dasignated in the Note or at such otlxer locatiwi as inay be designated by Lender in acoordance with the noNce provisions in Seotion 15. Lcndet may return any payment or partiial paymenE if the paytnent or ynrtial pa}nncnts aro insufficieut to bring the Loan currenG Lendcr may accc��t any payinent or partizl payment insufficient to bring the Loan otuteut, without wtuver of nny righta hereunder or prejudice Lo its rights to refuse snch paytnent or partial payme��ts in fhe firtm'e, but Lender is not obligaked to apply auah payments aC U3c tiine�suoh phy�nents are aocepted. PP each Poriodic Payrnent is applied as of iEs scheduled due da�te, then Lender need nof pay iuYcr�t on unap�lied funds. Lende��u�ay l2old suoh unapplicd fimds until ]3orrower inakes p�yments to bring bhe Loa�i current. IP Borrower does not da so withiu a r�aonable period of time, l.ender yhall either apply euch fiuids or return them to Borrower. If not applied e�u•lier, auoh fimcis will bo applied to the outstanding priiicipal ba1ance under the Note immediately prior to ioreclosure. No offset or claim which Borrowor miglit hava now or in Yha fuhire�ninst Lender ahall relieve Borrower fi�om mttldng payiuents due under the Note and tUis Secwity Inshwnent or perfornung tha coveuauYs and agreements eeoured by hhis Securitiy Inst��ument. 2. Application of Payments or Proeeeds. �,xccpt as nthcrwise descriUed in this Section 2, nll peymeucs accepted aaid applied Uy Lender s1�a11 be applied in the followuig order of priority: (a)interest due under the N�tio; (b)princ'rpal due under the Note; (c) amomrts due ixnder Section 3. Such pnyments ah�ll be applied to each Periodic Payment in the ordor in which iC beca�ne due. [1ny reinaiiring amounta shall be applieci$rat Lo late charges, aecoud to any oCher ainounLs due under this Seourity [n�truinent, �id fhen to reduce the principal Ualanoe of the Note. If Lender receives a paymenc from Borrower for a delinquenC 1'criodic Vayment which includes a s�rfficient amoturt to pay any lata el�acga dixe, �1ia payinent may be applied to the clelinquent payii�ent and the 1ate cl�arge. If inc�re than onc Periodic Vayment is outsCanding, Lender inay apply tixiy payuzent received&pni Borrower to the repa}mient oP the Periodio Payinenks iP, and to khe eYtent fhat, each payment can be paid in fiill. To T�ie axtent that any excess exisYe after the�ayinent ia npplied to the full payii�c�nt of one or more Periodic Yayments, such excess may l�e applied to any late charges due. Volunt�ry prepayments sliall bc epplied firsY to any prepayinenC oharges and thcn as describcd in $Ze Note. 2�002352 N[BRASK�-Single Fam ily-Fannlo Id aa/FrcAdlo IA ac UN IFORId INSTRUM ENT Fprm 302b 1701 VM P(� VM P6(NE)(11061 VJolters Kluwer f-Inanclal Services Pa�a 4 0�17