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20�20015� BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properly against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variarions by jurisdiction to consritute a uniform security insmiment covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower shall pay when due the principal of, and interest on, the debt 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 Secrion 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument re.ceived 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 ch�k is drawn upon an institution whose deposits are insured by a federai agency, instnunentality, or entity; or (d) Electronic Funds Transfer. Payments are deem�i r�eived by Lender when received at the locarion designated in the Note or at such other location as may be designated hy I.ender in accordance with the norice provisions in Section 15. L.ender may retum any payment or partial payment if the payment or paztial payments are insufficient to bring tfie Laan current. L�nder may accept any payment or partiai payment insuffcient to bring the Loan cu�ent, without waiver of any rig}�ts hereunder or prejud.ice to its rights to refuse such payment ar partial paym�ts ia ti�e fut�e, but �.ender is not obligated to apply such payments at the time such payments are accep�. � eark Periodic Payment is agpl.ied as of its scheduled due date, then Lender need not pay interest on unappliee�. £�CC#s. �.eIIder may hold s� unapplied funds until Bonower makes payments to bring the Loan current. If Barrovves does noE do � within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. I€ not appliefl earlier, such funds will be applied to the outstanding principal batance uII� the Note i�mediately prior to foreclosure. No offset or claim which Bonower might have now or in the f�t�:re againsc �CC�er shall relieve Borrower from making payments due under the Note and tl�is Seciirity �stru�ent os performing the covenants and agreements secured by this Security insstr�ment. 2. Application ot Payments or Proceeds. F,ICCept 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 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 from Bonower 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 Borrower to 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 Payrnents, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Sirtgle Family-Fannie Mae/Freddia Mac UNIFORM INSTRUMENT Form 3028 1/O7 VMP Q VMP6(NEI (1105) Wolters Kluwer Financial Services Page 4 of 17