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��15�335� BORR�'��R C4VENANTS that Barrower is la�vfuliy seised of th�esta�e h�rehy Canvey�d and has the righ�to gran� and�onvey the Property and tha�the Praper�y is unencumb�red, excep� fflr�nGumbrances of record. Barrower�varrants and will def�nd gen�raily the t��Ie�o the Proper�� a�a�n�t a�� c�aims and d�mands, su��ect to any encumbranc�s of r��ord. TH�S SE�UR�TY �NSTRUMENT combines unifnrm co�enants far nat�ona� use and no�a�unifarm�o�enants �vith ��mited�ar�at��ns by�ur�sd�c��n to cnnst��u�e a un�form security instrument�over�ng real prop�rty. Unif�rm Covenants. Borrow�r and L�nder co�enant and agree as follaws: 7. Payment of Principa�, �nterest, Escrow ltems, Prepayment �harg�s, and Late �harges. Barrower shal�pa�when due the pr�nc�pal �f, and in�erest on, the deb�evidenced by the Note and any prepa�men� charges and�ate charges due under the Note. Bnrr�wer shal� als�pay funds far Escrow ��ems pursuant to S�ct�on 3. Payments due under the Note and this Secur��y �nstrument sha1�be made�n U.S. curren�y. How��er, �f any check or��h�r instrum�nt rece��ed by Lender as payment under�he Note�r this S�curity �ns�rum�nt�s returned t� Lender unpa�d, Lender ma� r�quir�tha�any or aI� subsequen�payments due und�r the Nate and t�ais Se�urity�nstrument be rnade�n�ne or more of the following f�rms, a� �e�ec�ed by Lender: �a} ca�h; �b} mone�ord�r; �c}cer�i�ed�heGk, bank check, �reasurer's check or Cashier's check, pro�ided any such check is drawn upon an insti�ution wh�se deposi��are insured by a federa� agency, instrumentali�y, or en�xty; or�d} E�ec�ron�c Funds Transfer. Payments are de�med r�ceived by Lender�vh�n rece��d at the�ocatzon des�gnated in the Not�ar at�uch ather Iocatian as may be designated by Lender in accardance tivith the not�ce prov�sz�ns in Sec�ian �S. Lender may re�urn any payment�r par�iai payment if the payment or pa�ia�payments are insufficient to br�ng�he Laan curren�. Lender may acCept any paymen�or par�ial pa�men�insuffici�nt to bring�h�Loan curren�, �vithou�waiv�r of an� r�gh�s hereunder ar prejudice ta its righ�s�o refuse su�h payment or par�ia� payments in�he fu�ur�, but Lender is n�t obligated�o app�y such paymen�s a��he time such paym�nts are ac�ep�ed. �f ea�h Peri�dic Paymen� is app�ied as of its scheduled du�da�e, then Lend�r nee�i no�pa� interest on unapp��ed funds. Lender ma�ha�d such unapp�i�d funds until Borrawer makes payments�o br�ng the Laan current. �f Borrower does na�do so w�thzn a r�asonab�e per�nd af tim�, Lender sha��exther app�y such funds or re�urn them to Borrower. If not applied earl��r, such funds wx��e app�ied to the�u�standzng principal balan�e und�r the Na�e immedia�ely prior ta farecl�sure. No off�et or ctaim�vhich Barrower might ha��now or in the fu�ure against Lender shail relieve B�rrower from making payments due under the Note and�his 5ecur�ty �ns�rument or performing the c��enants and agreemen�s secur�d��this Security Instrument. �. �tpplication vf Payments ar Proc�eds. E�cept as otherwise described�n th�s Sect�on Z, all payments aCCepted and agpli�d by L�nder shal�be applied in �he following order of priarity: �a} interest due under the No�e; �b}pr�nc�pa� due under�he Note; �C� amoun�s due und�r Sect�nn 3. Such payments sha��be appiied ta each Per�adzc Payment in th�order�n which��became due. Any remaining amounts shal��e appxzed �rst ta la�e charg�s, second�o any�ther amounts due under�h�s Security �ns�rument, and then t�reduce the princ�pa�balance of�he N�te. �f Lender receives a payment fram Barrov�er far a de�inquent Periodi� Payment wh�ch includes a sufficient amount�fl pay any late charg�due, �he paym�nt ma�r be app�zed tQ the de�inquent payment and�he�ate charg�. If mnre than one P�riodic Payment is outstanding, Lender may app�y any paym�nt receiWed fraxn Borraw�r t� the repayment�f�he Peri�dic Payments if, and t� the�x�en��ha�, �ach payment ca.n be paid in full. Ta the extent that an�excess �x�s�� aft�r the payment�� appli��to the fu�� paym�nt af one or more Periodic Payments, such exces�may be app��ed ta any�ate charges due. Va�un�ary prepayrn�ntS sha�I be applied first to any prepayment�harges and then as described in the No�e. NESftASKA-5ir�gle Family-Fannie MaelFreddie Mac tJNiFDRM INSTRUMENT Farm 3�28 11Q1 VMP Q VMPfifN��4"�3�2� VIIflILEfS KIiJWBf�111�flCl�I SEfVEC�S Page 4❑f�7