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201209310 BORRO�VE+R COVENANTS that Borrower is lawfully seisecl of the esteYe hereby conveyul and hAs the right Yo grant And sonvey the ProperYy wid fliat the Property is unencumbered, axcept for encumUrauces oP record. Borrower warrants aud will defend generally tlie fit1e to the Yrop��ty e�gainet all claiins and de�nantls, subjcct to any encuu�brances ofrecord. THIS SECURITY 1NSTRUMFNT' coinbincs uniform covaiaiits for nntional nse aud non-unifonn covenanCs wilh limitcd vttrittfiona by jurisdiction to consti�uCe a uni£orm seourity�inedivment covering reel properry. Uhiform Couenants. Borrowcc ancl Lender eoven2n6 and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment CHarges, and Late Charges. Borrower shall pay when dne the�xineippl of, and interest on, the debt evidenced by the Note a�id naiy prepaymant charges aud laie char�;es due unde��thc Nnta Borrowcc aha11 alao�ay�fimda for�scirow Iieina pureuant to Section 3. Paym�nts duc under U�e Nofe and tlus Seourity Instrument ahall be made in U.S. currency. However, if any check or other inshument received by Lender as payment uuder tha Note or tliis Security Icismiment is ret�irnec1 to Lender unpaid, Lender may reqLure that a�ry or a11 subsequent payinents due under the NoY�e znd tlris Secm�ity Insfrtunent be made in one or n�oro of tl�o following forn�s, as nclectcd by Lcnder: (a) casl�; (b)moncy orcler; (c) ccrtified ck�eck, baiilc check, treasurer's cheok ox cashier'a eheok, provided nny suoli oheck is drawn upon an instiCurion whose cieposits ere insured by a federal agency, iustrumentality, ar entity; or(tl)Elaatroiuc�unds Trans�ler. Payments ace deamad reoeived by L,ender when received aC ti��e location designated in thc N�te or ttt suol� othe��1ocation as may be desi�latcd by Lunder in eiccordance wiCh Ehe no�ioeprovisions in Section 15. Lendex may rehun nuy payinent or p�xtiel payulent if the pnyment ar pertial payments are insuffioient to bring the Lo�n current. Lender may accept�uiy payment or partial payinent insufficient to Uring the T,oan cturent, without waivcr of any rights heremider or prejudice to its i��gl�ts to refuse such paymcnt or partial paytuente in the firture, but Lender is not ohligatc;d to apply such p�tymenSs aC lhe fimc cuch pn5nnenCs �re accepCed. If each Periociic Paymenl is applied as of ifs scheduled due date, tihen Lender need not pny intiereat on unapplied funde. Lender may hold such unapplied funds unYil Boxrower makes paymenYs to bring the Loau cm'rent, If Sorrower does not do so within a reascmab1e period nf time, Lender shall either apply suoh fundF pr retum them So Borrower. If not ap�lieci eadiex, auoh Pmicls will be applied[o the outstanditig principal balance under the NoYe immediately prior Eo 1'orecloswe. No of'fset or c12im wliich Ron�ower nughE l�avc now ox in the futuxc againsti Lender shsill reliave Borrower from making pa}nnenls due Lnicler the Note and ttris Security Insh•ument or performing the covenants end agreements secured by this Security Instrmneiit. 2. Application of Paymerlts or Proceeds. Except as otherwise dascribed in tlus Section 2, all payinents acceptied uid applied by Lender ehall Ue applied in Che fallowing order of priority: (a) interest due Lmder the Notc; (b)prir�cipal duc under the Notc; (o) amopnts dtu;undor Sectipii 3. Stieh plynientc ehall ba applied Co ee�ch Periodio Pny�nent in[he order iu which it became dne. Auy�remaining amoimts shall be applied fixeti to lata cha��ges, second to axiy oCher aznomits due under this Secm�iry InstranenY, uad then to reduce tha piincipa7 balance of the Nota. ff Lcnder receivcs a payineut from&jrrowcr for a delinquent Perioclic P2�yment which inchid�.s 1 suPficieiit ainount to pny any late chaxge due, the peytnent n�Ay be applied to the delinquent pnymeut and the lake charge. If more Yhazi ona Periodic Paymant is nutstanding, Lender may apply auy payinent received 4'roin Bomower to Uie tepayinent of the Periodic Payme�rts if, and to the extent.that, each payment can Ue paid in full. '1'o thc cxtont that any oxcass cxisfs after thc paymenl is npglied to 11ie fitll�agmont of one or ixioro Periodic Payments, suoh exoess may be�pplied W any late charges due. Vohmtnry prepayments shall be flpplied first to any prepayment chazges and then as described in the NoCe. ` zqoos�ss NEeRA9KA-3ingle Famlly-Fennle Mae/Redtlle M eo UNIFORM INS'fRUM EN'I Form 3028 7/07 VM P n VM Pfl�NE)(1 705) INollers Kluwer Fln�ncial Se:'vices Pac�e 4 of 1�