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201208375 }30KROW ER COV�,NA�I'I'S H�at Borrower is 1nwli�lly seised of the estaEe hereby conveyed a�id has the right to gnnt and convey the Property tuid thaY Yhe Property is tmencLunUered, except fin eneumbranc;es of roa�rd. Borrower wv�rauts and will deFend generally tha iitle to thc Yroperty�gainst all claima and c(en�ands, subjeot to vry enenmUrnnces of rccord. TI3IS SECUffiTY 1NSTRUMNN'1'.wmUincs nniform covenants for nationnl use and non-uniform covenAuYs wiUi limited vai�ations by jurisdicCion to consCi6ute n uniforn�security inatrument cov�ring reul property. Unifol'm Covenants. Rorrower and Lcndcr oovenanC and agtee as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges, Borrower ehall pay when due the principal of, and inCeresl on, the debt evidenced by Yhe NoYe and any prepaytnent chnrges�nd lake charges <lue undar Uie Note. Rorro�ver sl�all also�ay funds Por L.+scrow I[ema piu�suanC Co SecYion 3. Payinenta due nnder the Notc and Chis Sccu�ity Insttun�ent shall be mAde in U.S. cuirency. However, if Tny cl�cck or oCher insfruinent reoeived by Lender as payment uuder the Notie or tUis Security Inetrument is rehu'ned Eo Lender unpaid, Lender may require that any or a71 su�sequcnt paynrents duo ttnder fhe Note Ancl ttris Security Insiruinenti be made in one or morn of tlic Pollowing fomn.g, as selected by Lender: (a) o�sh; (U}money order; (c)'certified cl�ecl<, banl<oheolc, trensurer'a check or c�ahier'e check, provided aay such check is drawu upon an institutiion whoae depoaits are ineured Uy a federtil ageuay, inst�'mnsntality, or e�itity; or(d)Nlcctronic Funds Transfer. Paymentis are deemed reccivod Uy Lcncler when received at the locfltion designated iu the Nota or at sucl� otl��r loulti�an as may be designated by Lender in accordauce wiCh T1ie notice provisions in Scction 15. Lender may return nny payment or parCial payinent if tl�e peyment or partial pa�i�ents �re insufTioient Co bring tlie Loan cw�rent. T;ender inay acocpE any payment or parti�l p�yment insnfficient Po bring the Loan cuta�eirt, without waivcr of any righEs hereundex or prejudice to itis righte to refuse sti�cli payment or partial plyments in the firture,but Lender is not ohliga�Ced to apply such pxymcnYs at fho �ime suah paymenka nre accepted. If each Periodic Payment is app1iecl as of i6s scheduled due date, then Leuder need not pay iuterest on iuiapplied fiwds, l,ender may hold such unapplied fimds until Boriower inal�ea payme�ifs to bring the Loan cun�ent. Tf Borrower does not do so within a reasonable period of time, I.ender sllall ciChcr apply suoh funds or return Chem to 13oxrower. Tf not applied earlie��, snch funds will bc appliecl to the otitstanding priiicip�l Ualance under the Note iimnediately prior to Poreclosm�e. No oPPset or claiin which Borrower nvgl�t have now or in tho future ngnivat Lender shell relieve Borrower from mal<ing paymcnts due under the Note �nd thia Seci�rity InsG'ument or perforining tlxe covenants and agreements secured by this Security Inetrument. 2. Application of Payments or Proceeds. Lxcc;pt as otherwiee d�scribed in this Section 2, all payments accepted and applied by Lcndnr shall be applied in the Pollowing ordai of priority: (a) intcrc,�t due under Che Note; (b)�piincipal due nnder the Note; (e) amounCs dne mxier Section 3. Si�ch payilients eha11 be applied to each Periodio Pn}nnent in the order in which it Uecamc dLie. Any remaining amounts sh�ll Ue a�plieci 4irst to late ohergea, second to aziy otl�er amounts fluc uncicr thia Security Instrwnent, and then to reduce the prineipal Ualance of'tlie Note. If Lencier reoeives a payineiit from Bc�rrower for a delinquent Periodic Payment whiclx includes a suffiicienh aanount to p�y any late ch�rge due, Cha payment may be applied to the delinqucnt payment ancl lhe late chargo, If inore khei�i one Periodic Payinenti is outstanding, Lcndor niay apply any paymestY received fi•om Boxrower fo the repayment of the Periodic 7'�yii�ents i� nnd to the extenY Chat, each�ayment can Ue paid 'rn Full. To the extent thnt any excess exists after the p�ymerit is applied to$ie fiill paymont of ono or more Peiiodic P�yinent�, such excess may ba a�plied to any latc chargcs due. Vohmtnry pxepa}nnents ehall Ue �pplied first to nuy prepayment chu�ges and thc�� aa desecibed in the Note. 2400236fi Nff1RA5KA-Single Family-Pannie M aelPreUtlle h7ac UNIFORh1 INSTRUM ENT Form 3�26 1101 VM P Un VMPB(NEJ(1106) W oltara Kluw er Flnanolal 9ervloes Pagc 4 of 7 7