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2002060i'l BORROWERCOVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered,except for encumbrances of record. Borrower warrants and will defend generally the title to the Properly against all claims and demands, subject to any encumbrances of record. THIS SECURI'rYINSTRITMENTconrbines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute, a uniform security instrument covering real properly. UNIFORMCO V ENANTS. Borrower and Lcndcr uwenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepaymentcharges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments duo under the Note and this Security Inslrumeinshall be made in U.S. currency. However, if any check or other insl content received by Lenderas paymentundei the Note or this Security lnstrumentis letumedto Lender unpaid, Lcndcrmay require that any or all subsequempayments due under the Note and this Security Instrument be, made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's cheek or cashier's check, provided any such chock is drawn upon an institutinn whose deposits are insured by a federal agency, instrumentality, or utility; or (d) Electronic Funds Transfer. Payments are deemedreceived by Lender when received at the location designated or the Note or at such otherlocation as may be designatedby Lendcrin accordancewith the notice provisions in Section 15. Lender may return any payment of partial payment if the payment or partial payments arc insufficient to bring the Loan current. Lender may accept ally payment or partial Vayment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its tights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due dale, then Lender need not pay interest on unappliod funds. Lender may hold such unapplied funds until Borrowermakes payment to bring the Loan current. If Borrower does not do so within a rcas inableperiod of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Inctrumentor performingthe covenants and agreementseceurod by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) imcrest due under the Note; (b) principal due under the Note; (c) amounts duo under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became duo. Any remaining amounts shall be applied first In late charges, second to any otheramounts due under this Security Instrument, and their to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amuuntto pay any late charge line, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Paymcnt is outstanding, Lender may apply any payment received ro from Borwer to the repaymmrtof the Periodic Payments if, and to the extent that, cacti payment can be paid in full. To the extent that any excess exists after the paymentis applied to the full payment of one or more Periodic Payments, such excess may be applied to any Talc charges due. Voluntary prepaymenlsshall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds In principal due under the Note Shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments arc due under the Note, until the Note is paid in full, a sum (the Funds") to provide for payment of amounts duc for: (a) taxes and i ssessumrtsand other items which can attain priority over this Security hnstrumentas a lien or encumbranccon the Property; (b) leascholdpaynnents or ground rents on the Property, it any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance -GA(NE) moos P�eooe is ..Ly Form 3028 1101 w oos -rve,