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, 201109471 BORROWER COVENANTS thlt Borrower is lawfully seised of the estate hereby conveyed 1nd lias t11e right to grant and convey the Property a�icl that the Property is tuzencumUered, except for encuinbrances of record. Borrower warrants and will defend gener�lly�;Iie title to the Proparty against a11 clailns and deinauds, subject to 1ny encumUr�nces of record. THTS SECUIZIZ'Y INSTRUMENT coinUin�s unifoi7ii covena�lts for national use and non-uniform covenants wit11 liinited variations by jurisdiction to cons�itute a ui�iforin security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges, Borrower sliall pay when due tlie principal of, and interest on, tlie deUt evidenced by the Note�tnd any prepayment charges aiid late charges due under the Note. Borrower s17a11 also p�y fiands for�scrow Items pursuant to Section 3. Payments due under the Note and this Security I�lstrument sh�ll Ue made in U.S. currency. IIowever, if any checic or otlier instruineilt received by Lender�s payinent under the Note or this Security Instrument is returnecl to Lencler unplid, Lenclei•may rec�uire that any or all subsequent paymeilts due uilder the Note and this Sectirity Instrument be m�de in one or inore oF the following forms, �ts selectecl Uy Lender: {�) c�sh; (b)inoney ordei; (c) certifieel checic, b�nlc checic, treasurer's checl{or cashier's checic, provided any such ehecl�is drawn upon an institution whose deposits are insured by a federal agency, instrumentalit�, or entity; or(d) Electronic Funcls Transfer. Payments are deemed received Uy Lender when received at the Iocation designated in tlie Note or at such other location as inay Ue designated by Lender in lccordance with the notice provisions in Section 15. Lender may return aszy payinent or partial payment if't11e payment or partial�ayinents are insuf�cien�to bring the Loaxi cttrrent. Lender may accept any�ayment or partial payi�lent insufficient to bring the Loan current, tivithout waiver of arly rights hereunder or prejudice to its rights to refuse such payment or partial payinents in the fitture, Uut Lender is not obligated to apply such payments at the tiiize such payinents�tire accepted. If each Periodic Payment is applied as of its scheduled due date, then�,eiider need not�ay interest on unap�lied funds. Lender inay hold such uilapplied funds until Borrower inalces payments to bring t11e Loan current. If Borrower does not do so within a reasonable period af tiine, Lencler sha11 either apply such filnds or return thein to Borrower. If not applied earlier, such fitnds will Ue appliecl to tlie outstanding priiicip�l balaiice under the Notie immediately prior to foreclosure. No offset or claiiiz whicli Borrower iiught have now or in the futur�against Lender shall relieve Borrower from�17a1cing paqmerits due under the Note and this Security Instruinent or pei•forining the covell�nts�nd agreements secured by this Security Instrument. 2. Application of Payments or Proeeeds. Except as otherwise described in this Section 2, all payinents �ccepted and applied Uy Lender s1za11 be applied in the following order of priarity: (a) interest due ttnder th� Note; (b)principal due under tl7e Note; (c) ainotYnts dLie under Section 3, Such payinents sha11 be applieci to each Perioclic Payment i1i the order in which it vec�ule due. Any remaiizing amounts shall l�e appliecl first to late cl�arges, secarzd to any other alnounts due Lmder this Security Instrument, and then to reduce the princip�l balance of t11e Not�, If Lendai receives a�ayment froin Barrower for a delinquent Periodic Payinent which inclucles a sufficieizt ainount to pay any late aharge due, the payinent may�e a�plied to the deliilquent payment�izd the late charge, If inore th�n one Periodic Payineiit is oLttstanding, Lender may 1p�ly aiiy payment received fi•om Borrower to the repayment of the Periodic Payments if, and to the extent tliat, each payment c�ii be paid in full. To the extent that any excess exisls�fter the payment is lpplied to the full payznent of one or more Periodic Paymeiits, such excess m�y Ue lpplied to any late charges due. Voluntai•y prep�yments sliall Ue applied�rst to any�i•epayment chai•ges and then�s described in the Note. 231238 NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1101 VM P O VM P6(NE)(1105) Woltors Kluwer Financlal Services Page 4 of 17