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201208791 BORl20W kilZ COV�+NAN"fS t7�at Borr�wrn is lawfi�Ily seiscd of the estafe]�ereby conWeyed uid l�as the right tio graut and oonvey the Property a;id that fhe Property ia unencutnUexed, except Pos encunibranccs of rcu�rd. Borrower warrurts and will deFend generally the title to the Property agaiust all claims nncl demAnds, subject fo any c��em7�brances of rocord. TL-118 SECURITY INSTR[JMENT cou�bines uniform covei'iants for national use and non-uniform covenauts wiCh limitul variations by,jtiirisdiction to constihite a timifonn security instrwnent covering real properdy. U niforrYi Covenants. Borrower Tnd Lender covenvit aud agree as fbllows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borro�v�r shall pny when due the principal of, and interest on, the debt ev�denced I�y tlie Note aud any prepayment chacges and late ohargee due under the Note. Borrower ehall also pay funrls for Eset•ow Stems puesuan[fo Section 3. Paymenls due mider the Note and tl�is Seccuity Instruanent sha11 Ue made iu U.S. clureuey. Howcvcr, if auy cficnk or other ins�rume��C rece�ved by Lender as payment undcr lhe Notc or thin Securify Instrnment is returned to Lender unpnid, Lender may require that any ox pll subsequent p�yments due iuider flie Note aud tlils Security Inshuuieut ba made in one or more of tha f'ollowing forins, as selected by Lender: (a) cash; (U)money order; (c) certified check, Uauk checl<, tieasurer's check or cashiet's check, provided eny sucl� ohecic is dravnl upon an institution whoso deposits are insured by a fcdcral agency, insh wner�tality, or entity; or (d)�lec6ronic Fuisds Tra��efer. Pa}nncnts ar�dceincci rcceiveci by Lender when receivecl at the locaCion i{esignaCed in lhe NoCe or 16 snch other location ns may be designated by Lender in accordance with the notica proviaians in SecEion 15. Lender may return auy payi3ieiit or partial pa5nnent if tl�e payment or partial paymaitts are it�sufficient to bring thc Loan ci{n�ont. Leuder may acce�l�ny, payment or pertial pnyment insuP6cient Lo bring Che Loan current, without waiver of any rights hereundor or�rejudice to its rigl�ts to refuse suoh pmymene or paztial pa�ymenCs iu tha futm'�, buY Lender is not oUligated to apply such paymenks ert t1�e time such paymei�ts are accepted. If e�cli Periodic Payi��ent is applicd as of it� seheciidad ciue date, Chen Lender nead not pay interest on iu�ar�plicd Cunde. Lender may hold euch uuappliecl fimds unril Borcower mekes payments to bring the Loan ewrent. Pf Borrower does not do so within a reasonable�eriod of Yime, Lender shall either apply such funde or return Yhem Ya Borrower. If'noC applied enrller, such fimds wi11 be applied to the ocxtstandin� principa�l ba�lance w�der the Note iminediately prior to fr�rcclosuro. No offsct or clairn whieh B��rrowcr inight haue now or in the future against Lender ehall relieve Borrower tcom niaking payments dua mider Uia Note aud tl�is Secw�ity Ilistrwinent or performing the cove��znts and agrecmo��ts sccured by this Sccurity Instrumcnt. 2. Applieation of Payments or Proeeeds. �xcept�s otherwise descrihecl in this Section 7., all paymei�cs aecepted 2ncl applied by Zeuder ehall be applied in tha following order of priority: (a) interast due mxder the Notie; (U)priueIpal dtie tuider the Note; (c) axnounts due under Section 3. Snch ptrymeiit� sUall Ue applied to each Periodic PaymenC in the arder in whicl� 'it bceNme due. A��y rcmaining amounte shall 6e applicd first ta l;tte chargcs, second tio any r�tUcr amounte duo under Shis Seeurity I�ish�ument, ¢nd then to reduoe the principal bal�nce of the Note. IP Lender receives a pnyinenC&oixi Borrower for e delinquent Periodic Payment wluch includes a suFficienG �momit to pt�y any lat�e chaa•ge due, 11ie payment mny be apylied to tl�e deluiquent paya�ent and the late ot�ar•ge. .[f niore tl�an one Periodic Yayvient is uulsCanding, Lendex may apply any paymen[received froin Borrower to the repnyment of the Periodic Patyineuts if, a�id to Yhe exYeuY th1t, eaoh payn�eirt can be paid in fiill. To tihe extent that any exce9s exists alter tl�e payment is applied to the fitll paytnent of one or more Poriodic Vaymcnts, 5uch excess niay be appliecl lo auy late ch¢tges<lue, Voluutary prepayments sh�116e applied 1irsL eo any�repayment cha�ges and then ns described in the Note. — — ----- -- saoosa�s N��RASKA-Singlo Fam IIy�Fannla hi aWFreAtlle M17 ac UNIf-ORN INSTRUM ENT Form 3028 1I01 VMF(u7 VMPB(NE)(110G) Wolte�s Kluwer I'inancial Servlces Pege A o�1]