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200908'793 be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the. ..Property.,, BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right #o grant and convey the Property and that the Property is unencumbered, except far 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. Borrower and !-ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrt~w Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the I~te and any prepayment charges and fate charges due under the Note. Borrower shall also pay funds for Escrow Items pursuan# to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency- However, if any check ar other. instnument received by Lender as payment under the Note or this Sacurity Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one ar more of the following forms, as selected by Lender (a} cash; (b) money order; (c} certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an insti#ution whose deposits are insured by a tederal agency, instrumentality, ar entity; or (d} Electronic Funds Transfer. Payments are deemed received by Lenderwhen received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the native provisions in Section 15. Lender may return any payment nr partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuffident to bring the Loan curren#, 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 apply such payments at the time such payments are accepted. f{each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hall such unapplied funds until Borrower makes payment #o bring the Lnan current. If Borrower does not do so within a reasonable period 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 Lendershall relieve Bnrrowerfrom making payments due underthe Note and this Security Instrument ar performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as othenroise 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 Nate; (b) principal due under the Nate; (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 balance of the Note. if Lender receives a payment Pram 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 payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Barrowerto 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 maybe 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, insuranae proceeds, ar Miscellaneous Proceeds to principal due under the Note shall not extend ar postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow lterr-s. harrower 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 priorrky over this Security Instrument as a lien Qr encumbrance on the Property; {b} leasehold payments orground rents on the Property, if any; {c}premiums for any and all insurance required by Lender under Section ~; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with fhe provisions of Section 10. These items are called "Escrow Items ° At origination orat anytime duringthe NEH{tAsKA,-.Single Femity--t"annie MaeJFreddie Mac UNIFORM fN37RtIMENT (Page 3 oT 7~ Ne6n~ Geed o! Trust 3028 NE DOT Otl01