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2� 17����5 <br /> B�RR�WER��]VENANTS that Barrower�s �awfu��y s�ised nf�h�esta�e hereby�onveyed and has the righ��o <br /> grant and conv�y the Proper�y and that the Praper�y �s un�n�um�ered, exc�p�for encumbrances of rec�rd. <br /> Borrower vva.rrants and wi1� defend generall��h�tz���t��he�'ro��rty aga�ns�alI c�a.ims and demands, sub�ect�o <br /> any�n�umbra.�c�s of record. <br /> TH�S SE�UR�TY INSTRUMENT co�mb�nes un�form covenants for nat�ona�use and non--unifarx�n c�uenants wi�h <br /> �imi�ed var�ations by�ur�s�ictian to const�tute a uniform securit�instrumen�covering real pr�per�y. <br /> Un�form Cv�enants. Borro�ver and Lender�o�r�nant arzd agr�e as follo�s: <br /> '1. Payment of Prin�ipal, Interest, Es�rovv �tems, Prepayment Charges, and Late Ch�arg��. Barr�v4rer <br /> shal�pay v�vhen due the pr�nc�pai of, and �n�erest�n, the deb�evidenced by the No�e and an�r prepayment <br /> charges and Iate charges due under�h�Not�. Borrower shall a�so pay funds for�scrow���ms pursu�.nt�o <br /> Section 3. Payments due under the No�e and�h�s Secur�ty �nstrumen�shall be mad�in U.S. �urrency. <br /> Howe�er, �f any check or�th�r�nstrumen�r��e�ved�y Lender as paymen�un�er the Nate ar this Security <br /> �nstrumen� �s r�turned ta Lender unpa�d, Lender�na�r requzre that any or al� subsequen�payments due under <br /> the No��and�h.�s Securi�� Instrum�nt be made in one or mor��f the f�l�owing fnrms, as selec�ed by L�nder: <br /> �a} cash; �b} money order; �c}cert�f�ed check, barik�h��k, �reasurer's check�r cashier's Check, pravide�an� <br /> suCh che�k is dravc�n upor�an institution whos�dep�sits ar�insur��i b�r a federal agency, instrumenta�i�y, or <br /> �n�i�y; ar�d} ��ec�ronic Fund�Transfer. <br /> Payments are deeme�i rec�i�red by Lender v�rhen rece�ved at�he locat�on designated �n the N��e or a�su�h <br /> ather�oca�ion as n1a�be des�gnated b�r L�nder�n accordance with�he natice pro�isi�ns in Sec��an 1.5. <br /> �.�nd�r may r�turn any paynlent or par�ial payn�en� �f the payment or partiai payment�are insufficient to <br /> bring th�Loan current. Lender may acc�pt any payrnen�or partxal payment insUfficien��v bring th�Laan <br /> curr�nt, withou��aiver af any rig�t�her�un�er�r prejudi���o ��s r��hts to refuse sUch pa�nent or par�ial <br /> paym�nts in the future, bu�Lender is na�obligate� tQ appiy such payments a�the time such payments ar� <br /> aCcep�ed. �f�ach Periodic Payment is appl�ed as of i�s sch�dul�d due�ate, �hen Lender need not pa�in�erest <br /> an unapp��e�i funds. Lender ma�h�ld su�h unapp��ed funds unti� Borr�wer ma�es payments to br�ng�he <br /> Loan curr�n�. If Borrovc�er does not d� so wi�hin a reasanab�e p�riad of t�m�, L�nder shal� either app�y such <br /> funds or return�hem to Barrower. �f not applied�arlier, such funds vvi��be applied ta �he au�standing <br /> pr�ncipa��alane�under��e Note�mmedia�ely pri�r ta fareclosure. No�ffset�r�Iaim which B�rrower migh� <br /> ha�e nov�or in�he futur�against L�nder sha�1 re����e Barro�ver from mak�ng paymen��du�und�r the Note <br /> and t�.�s Secur�ty�nstrument�r perform�ng�he covenants and agreements secured by t�is SeCur��y <br /> �nstrumen�. <br /> 2. App�icat�an of Payments vr Pr�ceeds. Except as o���rvv��e��scr�bed in�his S�ctian 2, all payments <br /> acc�pted and app�i�d by Lend�r sh�ll be applied in the fo��owing�rd�r of pri�rity: �a} in�eres�du�und�r�h� <br /> Note; �b}pr�ncipa�due u�zd�r�he No�e; �c} amount�due under S�ct��n 3. Such paym�nts shall be appl�ed to <br /> each Periodic Paymen��n the order zn which�t became due. Any rerr�a�ning am�unts sha�Z be app�ied first t� <br /> �a�e charges, secand to any�ther amounts due under this Secur�ty�nstru.men�, and then to reduce the <br /> pr�nc�pa�ba.�ance af the N��e. <br /> �f L�nder re�eives a payxnen�fr�m B�rr��er fflr a���i�quent Per��d�c Pa�ment v�hic� inc�ud�s a suf�c�ent <br /> arn�un�t�pay any�ate charge due, the pa�men�xnay�b�applied�a the��linquent payment and�he�a�e <br /> c�arge. If m�re tha.n�ne Per��dic Paymen�is out�tand�ng, Lend�r rnay apply any paym�nt rece��ed from <br /> �3arrawer to th�r�payment of�he Peri�dic Pa�ments �f, an�l t�th�ex�ent that, �ach paymen�can be pa�d�n <br /> full. To�he extent that any excess exis�s aft�r�he payme�zt i� appl�ed to�he full pa�m�nt�f one or nlore <br /> Periodic Pa�ments, such excess may be appli�d to an��ate charges du�. V�Iuntary pr�paymen�s sha�l b� <br /> applied first to any prepaymen�charges and then as ��scribed �n t�a� Nat�. <br /> NE6FiASKA-Singte Fami(y-Fann'te MaelFreddie Mac UNIFQRM INSTRUM�NT Farm 3028 71�1 <br /> VMP� VMP64N�)t13�2� <br /> Walters K1uw�r Financial Ser�ices Pag�4 of�7 <br />