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2� 1 ��3135 B�RRC�WER��VE�IANTS that Borr�wer is Iawfully seised af�h� esta�e her�by conveyed and has �he right to gran�and conv�y the Pr�perty and tha��he Praper�y is unencum�ered, excep�for encu�nbrances of recflrd. B�rro�ver warrants and�vi11 defend g�n�rally the�i�Ie to the Property aga�ns�aII claims and demands, sub�e�t to an� encumbran�es of record. T�IS SEC�JRITY INSTR�JMENT co�nb�nes un�far�m covenants for nati�nat use and nanWun�for�n cn��enan�s �vi�h � limited var��tians�y�urzsd��t�an to cnnst�tute a uniform security�nstrument cover�ng rea�proper�y. Uniform Covenants. Borrower and Lender cavenant and agree as fol�otivs: '[. Paym�nt nf Principal, �ntere�t, Escrvw Items, Prepayment �narges, and Late Charges. Borrflwer sha��pay when due th�principa� af, and in�erest�n, �he deb�ev�denced by �h�Note and any prepaymen� charges and�ate charg�s due under the Nate. Barrnvver�hall also pay funds for Escrow I��ms pur�uant to Se�tion 3. Payments due under the Note and this Security�nstrument shaii be mad� in�.J.S. �urrency. However, if any check or other�nstrumen�received by Lender as payment under the Note�r th�s Secur��y Instrumen� ��returned t� Lender unpa�d, Lender�na� requ�re that any or ai� subsequent paymen�s�ue under the N��e and�his Securi�y�nstrum�nt be made in one or mor�of the follo,uving farms, as se�ected by L�nder: �a} cash; �b} money order; �c} cer�ified check, bank check, treasurer's check or�ash�er's che�k, pravided any such check xs dra�vn upon an ins��ut�on whase deposi�s ar�insur�d by a f�deral ag�ncy, in�trumenta�ity, �r entity; or�d� E�ectronic�unds Transfer. Pa�men�s are deexned r�ceived by Lend�r when received at the��catian designated �n the Note or at such o�her iocatian as may be designated by Lender in accordance w�th the notice provisians in SeG�ian 15. Lender may re�urn any paymer�t or par��al payment�f the payment or partial payments are �n�uffic��nt ta bring the Loan curren�. Lend�r may ac�ep�any payment or partial paymen� �nsuff�c��nt ta bring the Lflan curren�, with�ut waiver of any r�ghts h�reunder or prejud�ce tt� i�s r�ghts �o refuse such payment ar partia� paymen�s in�he future, but Lender is not abligated��apply such paym�nts at the time�uch payments are accepted. If each Per��dic Pay�nent is app�ied as o�i�s s�heduled due da�e, �h�n Lender need no�pay interes� on unapp�zed funds. Lender may hold su�h unappl�ed fund�un��Borro��er make�payments ta bring th.e LQan current. �f Borr��ver daes not do s�v�i�ithin a reasonab�e per�od of tim�, L�nder shall either apply such funds nr re�urn Chem��Barr�wer. If n��app��ed ear��er, �uch funds w��be appl�ed to the autstanding princ�pal balance under the Note�mmediatety pr�ar to foreclosure. Na offse�or claim v�hich Borrower rn�ght have now or in the future against L�nder shall re�iewe Borrower from m�ak�ng payments due under the Note and this Security Ins�rument or perform�ng the cav�nan�s and agreements secured�y this Se�urity Instrument. Z. App�icat�on vf Payments vr Pr�ceeds. Ex��pt as o�h��vise de�cri�ed in th�s Section Z, all payments accepted and app�xed by Lender shal� be appl��d in the foll�v�ving �rder of prior�ty: �a} �nteres�due under the �V'ate; �b} principa� due under the�Iote; �c} a�maun�s due under Section 3. Such payments shall be app��ed to each Per��dzc Payment�n the order in which�t became due. Any r�maining amounts s�al� be app��ed�rs��o �ate��arges, s�cand ta any n�her amaunts due under�his Secur�ty �nstrument, and t�en to reduce�he principal ba�ance of the�ate. �f Lender rec�iv�s a paymen�fr�m Borro�er far a de�inquent Periadic Pa�m�nt which inc�udes a suff�c�ent am�un� to pay an�Zate charge du�, the pay�nent ma�be applied to the delinquent payrr�ent and�he�a�e �harge. If mnre�han�ne Periodi�Payment�s ou�standing, Lender may apply any payment rec�i�ed from� Barrower�o the repaymen�af�he Per�od�c Payments if, and�� he e�tent tha�, each payment can be pa�d in fu��. To �he ex�ent tha�any excess e��sts after the payment is app��ed to the full paymen�of one or mor� Per�odic Pa�xnents, such excess may be applied to any late�har��s due. V�luntary prepayments shal�be app�ied first to ar�y pr�pa�ment charg�s and�hen as descr��ed�n the N��e. N�BRySKA-Single Far�nity-Fannie Mael�reddie Mac UNIFDRM INSTRUM�NT �vrm 3(]28 1 Ja1 VMP� VMP6=N�}4�3D23 WaItet's K�uwer Financia}Ser�ices Page 4 af 17