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200206085 TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security hnstrurent. All of the foregoing is refereed to in this Security Instrument as the 'Property." BORROWER COVENANTS that Harrower 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 Property against all claims and demands, subject to any encumbrances of record. 'PHIS SECURITY INSTRUMENT combines uniform cesareans for national use and non- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properly. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows' 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Burrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any p m repayent charges and late charges due under the Note. Burrower shall also pay funds fur Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency_ However, if any check or otler instrument received by Lender as payment under the Note or this Security Instrument is returned to Leader unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the tbllowine, fm'ms, as selected by Lender: (a) cash; (b) numcy order; (c) certified check, bank chuck, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrummtkslity, or entity; or (d) Electronic Funds Transfer. PayaOins are deemed received by Lender when received at the location designetcd in the Noce orat such other location as may be designated by Lender in accordance with the notice provisions in Section 15 _ Lender may retain are payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder of prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments arc accepted. Ifeach Periodic Payment is applied as of its scheduled due date, then Leader need not pay interest on unapplied funds_ Lender may hold such unapphed funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such Ponds or return them to Burrower. 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 Instrument or performing the covenants and agreements secured by this Security Instrument 2. Application of Payments or Proceeds. Bxcept as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority- (a) interest due under the NULL; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal ha lance of the Note. If Leader receives a payment flour Barmwcr for a delinquent Periodic Payment which includes a sufficient amount to pay any Tate charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding Leader may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full_ To the extent that any excess exists alter the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or clunge the amount. of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds ") to provide for pay iment of amounts due for (a) taxes and assessments and other items which can attain priority over this Security Insmument as a lien or encumbrance on the Property; (b) Iwschold payments or ground rents or the Property, ifany; (c) premiums for any and all insurance NFRRASKA— Nlnat, Li, dy— YSaaie Ylae /Freddie llnc IsiltORAI INSIRUNILN'r Form JUSa Pill /Page 3 7121 >ages / oOOmN[].Vrx 11ni /x111