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201109705 $ORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right ta grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and wi11 defend generally the title to the Property against all claims and demands, subject to any encumbrances of record, THIS SECURITY INSTRUMENT combinea 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 Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when dlie the principal of, ancl interest on, the deht evidenced by the Note and any prepayment 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. currency. However, 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 be made in one or 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 institution whose deposits are insured by a federal agency, instruinentality, or entity; or(d) Electronic Funds Transfer, Payments 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 inay return any payment or partial payment if the payment or partial payments are insufficienC 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 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. If each Periodic Paytnent is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes pay�nents to bring the Loan 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 Lender shall relieve Borrower from making payinents 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 Note; (b)principal due under the Note; (c) amounts due under Section 3. Such payments sha11 be applied to each Periodic Payinent in the order in which it became due. Any reinaining amounts sliall be applied first to late charges, second to any ather amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender�•eceives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may Ue applied to the delinquent payinent and the late eharge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of tlie Periodic Payments if, and to tlie extent that, each payinent can be p�id in full, To the extent that any excess exists after the payment is applied to tlie full payment of one or more Periodic Payments, such excess inay be applied to any late chai�ges due, Voluntary prepayments shall be applied first to any prepayment charges and the�i as described in the Note. 231247 NEBRASKA-Single Family-Fannie Mae/Fraddla Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP Q VMP6INE)(1105) Wolters I<luwer Financlal Servlces Page 4 of 17