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��l 5��1 �� BaRR��ER CC�VENANTS that Barrow�r is Ia�vfutiy se�sed of th�estate hereb�con�reyed and has�he�r��ht to grant and convey�he Praper�y and that the Praperty is u�encumbered, �xcep�for encumbran�e�of recard. B�rrower�varran�s and w�il defend gen��ally the t�tle�o the Prapert�aga�nst ai�claims and demands, �ubject�o any encumbrances of r�cord, THIS SE�URITY II�ISTRUMENT combines unifarm co�enants far national use and n�n-uniforrn co�enant�w��h Iim��ed�ar�atians by�urisdiction��nstitute a uniform security instrument ca�ering rea�property. Unifarm C��enants, Barrower and Lender covenant and ag�re�as fa�lov�as: �. Payment of Pr�nc�palr �I��eC�St� ESC�flW �t�m�r Prepaymsn# �harges, and Late �harges. Barro�er sha�l pay when due th�principa��f, and znterest an, the debt e�iden�ed by the Note and any prepaym�nt charg�s and late charges du�under�he Note. Barr�v��r shall als�pay funds for Escraw I�ems pu�suant t� �ec��an 3. Paym�nts du�under the Nate and this��urzty�nstrument sha�l be made in U.S. cur�rency. Howev�r, �f any check or other�ns�rument�rec�i�ed b� L�nder as payrnen�under�he Not�or th�� 5ecurity �nstru.xr��nt is returned ta Lender unpaid, Lender may require that any ar all sub,�equent payments due under the Note and thi�Security Instrument be mad�in one ar more of the follow�ng fflrms, as se�e�ted by Lend�r: �a}eash; �b}mane�arder; �c3 cer�ified check, �ank�heck, treasurer's check ar cash�er's�heck, pro�ided any such check�s drawn upon an�nsti�u�ion whose deposits are insured by a federal agency, instrumental�ty, ar en�i�y; ar�d} Ele�tranic Funds Transfer. Paymen�s are deerned receive�l by Lender when received a�the�oca��on�lesignated�n the Note or at such o�her loca�ion as may be des�gna�ed by Lend�r in a�cordance with the notice pro�is�ons�n Se�tian 1 S. Ifender rna�return any payment ar par��al payrnent�f the paymen�or part�al payments are insuffici�n�to bring the Laan current. Lender may acc�p�any�aym�n�or part�al paym�nt insuf�cient to bring the Loan curr�nt, �ithout waiv�r af any righ�s hereun�ier or prejudic��o i�s righ�s to r�fuse suGh payment or partial payments in�he future, but Lender is not�bX�gated tQ apply such payments at the t�me such payments are accepte�. �f each Periodic Payment is appl�ed as of�ts s�hedu�ed due date, then Lend�r need not pay int�rest on�napp�ied funds. Lender may hoid such unappl��d funds un�� Bor�awer�nak�s paym�nts ta bring the Loan curren�. If Borrflwer doe� not d❑so w�thin a reasonabl�period of tin��, L�nd�r s�all �ither apply such funds ar r�turn th�m to Borrower, If not applied earli�r, sueh funds will be applied to the outstanding pr�n��pal baian�e und�r the�o��immediat�ly pr�or�o forec��ur�. Na off�e�o�r c�aim wh�ch Barz�ov�►�er might ha�e r�aw ar in the futur�agains�L�nde�sha��re��eve Borrower fr�m mak�ng payments du�und�r the Note and th�s Secu��nstrum�nt❑r p�rf�rming the co�enants and agreernen�s secured by th�� S�curity �nstrum�.en�. �. App�i�at��n of Payment� �r Praceed�. Except a�otherwise d�scribed in this Secti�n 2, ail paym�nt� accepted and applied by Lend�r sha11 be appl��. in the fallawing order of pri�ri�y; �a}�nterest due under the Na�e; �b}prin��pal�ue und�r the No�e; �c�amounts due under�e�tian 3. Such payxnents sha��be app��d to each Perzod�c Payment�n the order�n wh�ch it be�ame due. Any rema�n�ng amounts�hall be app�ied first to �a�e charges, �ec�nd to any other arnaunts due under this 5ecur��y �nstrument, and then to reduce th� prin�zpal ba�ance of the Nate. If Lend�r receives a pa�men�fxam Bo�row�r f�r a de�inqu�n�Feriodi� Pa�ment�vhich�nciudes a suff��ent amount tQ pa�any �ate charge due, the payrnent ma�be appl�ed ta the delinquent payment a.nd the�ate charge. �f m�re than one P�r�adic Payment is ou�s�anding, L�nder may appiy any payment rece��e�.from Borraw�r�o�he repayxnen�of the Periadic Payments if, and ta�he exten��hat, each payment Gan be paid in full. Ta th�extent that an�ex�ess�xis�s after the payment i�app�ied to the ful�payment�f�ne or more Periodic Pa�ment�, such e��ess may be applied to any la�e�harges due. Voluntary prepayments shall b� applied first�o any pr�payment charges and then as d�scribed in the N�te. NEB�i�S�CA-Sin[�le Fami�y-Fannie Mael�reddie Mac UNIFaRM INSTRUM�NT �DFfT]��ZH��O� VMP� VMPC{NE�{1342} Walters I�l��ver�inanciai 5er�ices Pag�4 of 7 7