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20�109�50 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyeri and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of re�ord. Bonower warrants and will defend generally the title to the Property against all claims and demands, subje,ct to any encumbrances of record. THIS SECLJRITY INSTRiJMENT combines uniform covenants for national use and no�unifoffi covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properiy. iJNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charg�. Bonower shall pay when due the principal o� and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bonower 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 che�k or other instrument received by Lender as payment under the Note or this Security Instrument is rehnmed to Lender impaid, Lender may requira that any or a11 subsequent payments due under the Note and this Security Instrament be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certifie�i che,ck, bank check, treasurer' s che�k or c�shier' s checl� provided any such check is drawn upon an institution whose deposits are insured by a federal agency, inshumentality, or entity; or (d} Electronic Funds Transfer. Payments aze deemed received by Lender when received at the location designated in the Note or at such other loc�tion as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partiai payments are insufficient to bring the Loan cuirent. Lender may accept any payment or paztial payment insufficient to bring the Loan cmrent, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the futinre, but Lender is not obligated to apply such payments at the time such payments ara accepted. If each Periadic Payment is applied as of its scheduled due date, then Lender ne,ai not pay interest on unapplie� funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan cutren� If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or retum them to Borrower. If not applied earlier, such funds will be applied to the out�nding principal balance under the Note immediately prior to foreclosure. No offset or claim which Bonower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrament or perfoaning the covenants and agreements secure� by this Security Instrument. 2. Application of Pa�ments or Proceeds. Except as otherwise descxiberi in this Section 2, all payments accepted and apphed 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. S�ch payments shall be appli� to each Periodic Payment in the order in which it bec�me due. Any remaining am�unts shall be applied first to late charges, s�ond to any other amounts due under this S�urity Instrument, and then to reduce the principal balance of the Note. If Lender r�eives a payment from Borrower for a delinquent Periodic Payment which includes a su$'icient amount to pay any late cbarge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender ma.y apply any payment r�eived from Borrower to the repayment of the Periodic Payments if, and to the extent that, each paymeat 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 Periadic Payments, such excess may be applied to any late charges due. Voluntary prepayments sha11 be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due unde� the Note shall not extend or postpone the due date, or change the amoimt, of the Periadic Payments. 3. lbnds for Escrow Items. Boaower 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 amoimts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Properiy; (b) leasehold payments ar ground rents on the Properiy, if any; (c) premiums for any and all inc��nce required by Lender under Section 5; and (d) Mortgage Insurance 2200195142 D V6ANE NEBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WITH� �-6A(N� loa�o) PaOe 4 of 16 InWais: Form 3028 1/01 0 �U �i