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2� 1 ��544� <br /> B�RR�W�R ��VENANTS that Barrawer is lawfull�s�ised of th�es�ate hereby conveyed and has the right to <br /> grant and��nvey the Pr�perty and tha�the Praper�y is unen�umbered, e��ept for enCumbrances of record. � <br /> : Borro�er v�rarrants and wili defend generally the ti�l�ta the Praperty aga�nst a1� elaims and demands, subject t� <br /> any encumbran��s af r�card. <br /> T��S SECUR�TY�NSTRIJMENT��mb�nes uniform c��enants far nationa� use and non-unif�rm c�venants with <br /> 1 imi�ed�ar�atiar�s by j urisdic��on�o con�t�tute a uniform se�ur��y �ns�rument c�ver�ng r�a� praperty. <br /> Un�form Ca�enants. Borrawer and L�nd�r co�enan� and agree as fo��ow�: <br /> 'i. Payment of Pr�ncipal, �nterest, Escrvw Items, Prepayment Charges, and Late Charges. Borrawer <br /> s�aa��pa�when due the principal Qf, and interest�n, th�d�bt evidenced�y�he ���e and any prepayment <br /> charges and late charges due under the Note. Borrower shal� aisa pa�r funds far�scraw Items pursuant to <br /> Sectian 3. Paymen�s due under the Nate and thzs Se�ur�ty �ns�rument shali be mad�in tJ.S. Gurrenc�. <br /> H�wever, �f any check�r��h�r ins�rum�nt r�ceived by L�nder as payment under the Nate ar th���ecurity <br /> �nstrunzent �s returned�a L�nder unpaid, L�nder may requ�re that an� or aZ� subsequent payment,� due under <br />- the Nate and this SeGur��y �nstrument be ma���n ane or m�re of the fa��flw�ng forms, as s�lected by Lender; <br /> �a��ash; �b} mane�r order; ��} certif�ed check, bank che�k, treasurer's check ar cashier's check, pravided any <br /> su�h check �s drawn upon an institutian whase deposits are insur�d by a federal agency, instrumentai��y, or <br /> en�ity; or�d} Electron�c Funds Transfer. <br /> Paym�nts are de�med r����ved by Lend�r when re�e�ved at the�ocati�n designa�ed in the Note or at such <br /> o�her�ocation as may�e designated by Lender in acc�rdance with�he noti�e prov�sions in�ection 1 S. <br /> Lender may return any payment or par�ia�pa�ment�f the payment or par�ial payments are �nsuff icient to <br /> br�n� the Loan curr�nt. Lend�r may accept any paym�nt or par�ia�payment insuf��c�ent to bring the L�an <br /> current, withaut waiver of an�r right�hereunder or pr�jud�ce to its rights �a refuse such payment ar partial <br /> payments in the fu�ure, �ut Lender is not ob�ibated�o app�y such paymen�s at�he time suCh paymen�s ar� <br /> accep�ed. If each Per�od�c Payment is app��ed as of its scheduied due da�e, then L�nder ne�d no�p�y inter�st <br /> on unapp�ied funds. Lender ma� ha�d such unappii�d funds until Bar�o�v�r makes pa�rm�nts t�br�ng th� <br /> Loan curren�. �f Borrawer does na�dn so within a reasanable perind of��m�, Lender shai� either apply such <br /> funds ar re�urn�h�m�o Barrativer. �f nat applied ear��er, such funds w��� be applied ta the autstandin� <br /> principa� balance under the �Not� �nlmed�ate��p�r�ar t4 foreclasure. Na offse�or�laim ti�vhich B�rrower might <br /> ha��naw ar in the future against Lender shall relieve Borrower from making payments due under the �iote <br /> and th�s�ecurity �nstrument or perfarming the co�enants and agreements secured by �h�s Secur�t�r <br /> �nstrun�ent. <br /> �. App�icatian vf Payments or Proc�eds. �x��pt as�th��rw�se described in this Sectian 2, all paymen�s <br /> ac��pted and app��ed b� L�nder shali b� applied �n the follawing arder of priar�ty: �a} int�rest due under�he <br /> N���e; �b} principal du�under the Note; �c} amaunts due und�r S���ion 3, Such paymen�s shall be app��ed to <br /> each Period�� Paymen� in the order in wh�ch it became due. Any remainin� amounts shai� b�applie�i �rst t� <br /> 1�����i�r.��s, se�o�� �� ��v o���z���u�t��u����er���� ���ur��v ���������r �.II���k�',�1�Q I'��t.1C�•'���..' <br /> prin�ipal balance flf the Not�. <br /> �f Lender receives a paymen� from Borrower f�r a delinquent Periodic Paymen�wh�ch �nc�udes a suff�cient <br /> amoun�to pay any late charge due, �h�payment may be appized to the de��nquen�paym�nt and th�la�� <br /> charge. If more than ane Per�ad�c Paymen�is ou�standing, Lender may apply any paym�nt r��eived from <br /> Borrower t� the repa�ment of th� Periodic Paym�nts �f, and to the ext�nt that, each payn�ent�an be pa�d in <br /> fu��. To�h�extent that any�x�ess�xists aft�r the payment �s appi�ed to�h�fu��payment of one ar more <br /> Periodic Payments, such�xcess m.a�be app�ied�o an� �ate charge�due. �'��untary prepa�ments sha�l be <br /> applied first tn any pr�paym�nt charg�� and�hen as described in the Note. <br /> N�BRAS!{A-5ing�e Family-Fannie MaelFreddie MaE UNI�qRM lNSTRUMENT �orm 30�$11a1 <br /> VMP Q VMP�tNE��'i 3�2} <br /> Wvlt�rs K�uwe�Financial Ser�i�es Pag�4 af 17 <br />