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�oi1o9s24 BORROWER COVENANTS that Borrowet is lawfully seised of the estate hereby conveyed and has the right to grant and convcy thc Properiy and that thc Property is uncncumbcrcd, cxccpt for cncumbranccs of rccord. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 'I'HIS SF,('iJRI'1'Y INS'1RUMF.N'1' combines uniliirm covenanls fiir nalionul use and non-uniform covenunts wilh liinited variations by jurisdiction to coastitute a unifonn s�wity instrument covering real property. Unlfoml CoVenants. Borrower and Lender covenant and agree as follows: 1. Payment of Prinapal, Interest, Escrow Items, Prepayment Chazge.s, and Late Charges. Borrower shall pay whcn duc thc principal of, and intcrest on, thc dcbt cvidc.nccd by thc Notc and any prcpaymcnt charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U. S. cunency. However, if :�ny chei:k or other instrumenl rec;eiveci by Lender a.ti puymenl under lhe Nole or lhis Sec;urily Listnunent is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be inade in one or more of ihe 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 institution whose deposits are insured by a federal agency, instrumentality, or cntity; or (d) Elcctronic Funds Transfcr. Payments are deemed receiv�l by Lendcr 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 any paymenl or partial paymenl iCthe paymenl or partial paymenls are insuflicient lu bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any ri�hts hereunder or prejudice to its rights to refuse such payuient or partial paytnents 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 date, then Lender need not pay interest on unapplicd fixnds. Lcndcr may hold such unapplicd funds until Borrowcr makcs paymcnts to bring lhc Loan current. If Borrower does not do so within a r�sonable period of time, Lender shall either apply such funds or return them to Bonower_ If not applied earlier, such funds will be applied to the outstanding principal balance under the Nole immexlialely prior lo forec:lcisure. No offtiel or claim which Borrower mighl have now or in the future against Lender shall relieve Borrower from making payinents due under the Note and this 5ecurity Instru�nent or perfonnin� the covenants and agreements secured by this Security Instrument. 2. Application ofPayments or Proc�eeds. Exccpt as othcrwisc dcscrib� in this Scction 2, all paymcnts accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to rach Periodic Paymenl in the order in which il hec;ume due. My remuining amuunls shull be applieci firsl lo late charges, second to any other amounts due under this Se�urity Instrument, and then to r�uce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the pa}nnent may be applied to the delinquent payment and ihe late chargc. If morc than onc Pcriodic Paymcnt is outstanding, Lcndcr may apply any paymcnt rcxcivod from Borrower to the repayment of ihe 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 Paymenls, such excesti may be applieci lo any late charg�.� due. Volunlary prepayments shall be applied first to any prepayment charges and then as described in the Note. 1111023724 1111023724 N�RASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMBJT Fortn 3028 1/01 VM P(q`, VM P6(NE) (17 05) Wolters Klwver Fin�cial Services Page 4 of 17