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��14�3��5 B�RR�WER��VENANTS tha�Barrflvver xs lawful�y seis�d af�he estate her��y conv�yed and has the r�gh�to grant and c�nvey, the Pr�per�y and that�he Prope�y is un�n�umbered, except far encumbranc�s of re��rd. Borrower warrant� and w�� defend genera��r the�itl�to the Proper��agains�all claims and demands, sub�ec�ta an�encumbrat�ces�f recflrd. THIS SECUR�TY INSTRUMENT comb�n�s uniform coWenants for na�ional use and non--uniform covenants�rzth �imited var�a�ians by jur�sdi�tion�o�ons��tu�e a unifarm security instrumen�cn�ering real proper�y. Uniform ��enants. Borr�v�er and Lender covenar�t and agree as fo�lows: '�. Payment of Principa�, �nterest, Escrav►► Items, Prepaym�nt Charges, and Late Charges. Borrovver shall pay vc�hen du�the pr�n�ipal of, and�n�erest on, the deb�ev�denced by the Not�and any pr�payn�ent �harge� and lat�charges du�under�he Nfl�e. Borr�wer sha1l also pay funds for Escr��v Iterns pursuant to Sect�an�. Paym�nts due und�r the Not�and�his�ecurity Instrument sha11�e made�n U.�. currency. Ho�ever, if any chec��r other instrument r�ce�ved by Lender a�pa�ment under th�N��r this Securxty �n�trumen�is returned ta L�nder unpaid, L�nd�r ma�require that any or al� subs�quent payments�.ue under the Note and th�s Security �nstrum�nt be made in one or m�re�f the fol�ow�ng forms, as se��cted by L�nder: �a}cash; �b�money nrder; �c} cer��fx�d�h��, bank che�k, treasurer's check or cashier's ch��k, prov�ded an�r such check is drawn upon an insti�ution wh��depaszts are insured by a federa� agency, �ns�rumenta��ty, ar en�it�; or�d� �lec�ron�c Funds Transfer. Payments are de�med rece��.by Lender when re�ei�ed at the�ocat��n des�gnated in th�No��or at such o�h�r�ocat�on as ma�be de��g�ated by Lender�n acc�rdance wi�h the not�ce prov�s��ns �n S��tion �S. Lend�r may return any paymen.t a�partia�pa�rment if�he paymen�or partial paymen�s are insuff�c��t�� br�ng�he Loan Current. Lender may ac�ep�an�r payment�r partial payment insuf�ci�nt to hrxng the Laan current, without waiver�f any rights hereund�r ar prejud�c�t� its righ�s��refuse such payment�r par�ia� paymen�s xn th�future, but Lender is n��abl�gated ta app�y such paymen�s at�he time such payments are accep�ed. �f each Per�fldic Pa�m�n�i� applied as nf its schedu�ed du�date, then Lender need no�pay �nterest on unapp�ied funds. L�nder may hold such unapp�ied funds unti� B�rrawer makes payments to bring�he Loan current. �f Borr�wer does not d� so within a reasana��e peri��i of time, Lend�r shal�either apply such funds ar return them to Borr�wer. �f na�applied ear��er, such funds w�ll be applied to the ou�standzng pr�nc�pa��alance under th�Note immedia�e�y prior ta for�cl�sur�. No offs��or claim whi�h Borrourer might ha�e n�w or in�he future agains�Lend�r sha�� relieve Borrow�r from mak�ng payments due under�he N�te and�his Se�urxt� �nstrument or perf�rming th�c�venan�s and agreements secured by �h�s�ecur�ty �ns�rument. �. Applicati�n af Payments vr Prnceeds. Exc�pt as atherw�s�descrxb�d�n�his S��ti�n 2, a��paym�n�s a��epted and applied by Len�.er shall b�appi�ed in�he fallawzng or�ier of pr�or��: �a} in�erest due und�r the N�te; �b}pr�ncipal due under�he Note; �c} amounts due Under Sect��n 3. Su�h pa�rments shali b�appl�ed to each Peri�dic Payment in�he�rder xn whi�h it became due. Any rexnaining amaunts�ha��e appli��.�rst ta lat�chargesy s�c�nd ta any�ther amaunt�due un�er th�s S�curi�y Ins�rumen�, and then to reduce the principa�balanc�of the Note. If Lender rece�ves a payment fr�m B�rrov�rer f�r a c�e�inquent P�r�adi�Payment whi�h includes a suff�c�ent amount�a pay any late charge du�, the paymen�may be appl�ed to the dex�nquent paym�nt and the�at� charge. �f mor�than one Periodic Pa�men�is autstanding, Lend�r may app�y an�payment rec��ved from Borrawer to�he repayment�f�he Per�od�c Paym�nts if, and�o�h�ex�ent�hat, ea�h�ayrne�a��an��paid in full, To the extent�hat any�x�ess exists after th�payment is app�ied��th�fu��payment�f one or more P�r�odic Paymen�s, such ex��ss may be app��ed to any la�e charges due. V��un�ary prepa�men�s sha�l be appli��i�rs�to any pr�payment charges and�hen as described in the Na�e. N�BRASlCA-5ingle�amity-Far�r�ie MaelFreddi�Mac UiV�FnRM�NSTRUM�NT �or�,�ozs��o� VMP� VMPfi(N�y t�3�Z] Wolters K�uwer�inancial 5er�ices Pags 4❑f 17