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200206275 TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument All of the foregoing is referred to in this Security Instrument as the 'Property" BORROWLR COVENANTS 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 Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS_ Room owcr and Lender covenant and agree as follows 1. Payment of Principal, Interest, Escrow Itnins, Prepayment Charges, and Late Charges. Rorrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and Tate charges due under the Nov. Borrower shall also pay Ponds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. I lowever, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument he made in one or more nC the following forms, as selected by Lender (a) cash; (b) money order:. (e) ecrtifiel check. bank check, imasurcr's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Paymmals are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return mry payment or partial payment if the payment or partial payments arc insuffeient to In in, the Loan current. Tender may accept any payment or partial pa)aoent matiffcrent to bring the Lunn current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to upply such payments at the time such payments are accepted If each Periodic Payment is applied as of its scheduled due date, then Lender need net pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to brine the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or tenn it them to Borrower. If not applied earlier, such Ponds 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. 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) interest due under the Nutt, (b) principal clue under the Note; (c) amounts due under Section 3- Such payments shall he applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall he applied first m late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lcndcr receives a payment hour Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payncnt and the late charge. If more than one Periodic Payment is outstanding, Lender 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 after 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 he applied first to any prepayment changes and then as described in the Nate. Arc application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, critic 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 payment of amounts due for. (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property, (h) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance NLIRASKA -S teele l anidy— Fnnnie Jlae /Freddie Mac UNIFORM INS I RA NIL f Form 311291/III need91G IPagu] II]naes) oe-ml l.six il/1 111