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201210951 BORROVJER COVENANTS that Borrower is lawfully seised of the estate hueby conveycd and has the right co grani and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the titic to the Property against all claims and deraands, subjcct to any encumbxances of record. THIS SECURITY NSTRIJMFNT combines uniform covenants for national use and non-mufbrm covenants with limited variarions by jurisdiction ta constitute d uiufonn secLµ-ity mstrttment eovering real property. U niform Covenants. Bonowzr and Lender covenant and agrez as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and�ry prepaymenE charges and late charges due under the Note. Borrower shall also pay fimc3s for Escrov✓Items pursuant to Section 3. Payments due undet the Note and Ihis Security Instrument sh211 be made iti TJ.S. currency. However, if any check or otheir instrvment receiired by Lender as payment under the Note or this Security Instrument is rehuned to Lender unyaid, Lender may require that any or all.subsequent payments due under rhe Notc and this Security Instrument be made in one or inore of the following forms, as selacted by Lender: (a) cash; (b)money order; (c) certified eheck, bank check, treasi¢er's chzck or cashier's check, provided any such check is drawn npon an institution wkose deposits are insured by a federal agency, instnunentalitv, or enlity, or(d)Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Npte or at such other location as may be desigiated by Lender in accordance with the notzce p�ovisions in Section 15. Lender may return any payment or partial payment if the payment or partial pa}anenCs are insufficient to bring the Loan current Lender mav accept any payment or parrial pa}�nent insut�"icient to bring lhe Loan Gurrent, without waivex of auy rights hereunder or prejudice to iTs rights to refuse such payment or parlial payments in the future, buY Lendei is not obligated to a�ply such payments at the tirne such pa}wenis ase accepted. If each Periodic Payment is applied as of it� scheduled due dace, then Lender need noi pay interest on unapplied funds. Lender may hold such unapplied€unds unti7 Sorrower makes payments to bring the Loan current If Boaower docs not do so within a reasonable period of tnne, Lender shall either apply such funds or retum them to Borxowe[. If nat applied eazlia, such funds will be applied.to the ouTSTaudvig principal bal�ce uader the Note umnediateiy priar fo foxeclosure. No ofi'set or claim wMch Borrower might have now or in the future against Lender shall relieve Borrower from making payments due und�the Note and fhis Security[nstrument or performing the covenants and a�eeuicnts secured by this Security Instnmient 2. Application of Payments or Proceeds. Except as other�rise described in tliis Section 2, a11 payments acckpted and applied by Lender shall be a�lied in tlie followuig order of priority: (a)uiteresl due under the Noce; (b)principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payinent in the order in v✓liich it becvne due. Any rcmaining amounts sha11 be applied firsf to late charges, �econd to any other amounts duc mider this Security Instrument, and then to red¢cc the principai balance of the Note. If Lender receives a pa}nnent from Borrower for a delinquent Periodic Pa}�ment which includes a sufficient amount to pay any late charge due, the payrnent may be applied to the delinqueut payment and the laCe charga. IP more than one Yeriodic Payment is outstanding, Lender may apply any payinent received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payxnent can be paid in full. To the�tent that any�cess exists aft�r the payment is applied to the full payinent of one or moie Periodic Pa}�nents, sucli excess tnay Ue applied to any late charges due. Voluntary yrc�ayments shall be applied first to any prepa5�ment charges and thcn as descriUed in the Note. zaaosi�� NB."MlSKASingle Fanily-Fannie Hi aa'Fretltlia hlac UNIPORM MSTRUM ENT Form 3028 V01 Vf.1P p VM P6(NE)(1105) VVoliers Kluwer Financial Services Paga?of�]