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201200170 BOILROWER COV�NANTS that Borrower is lawfully seised of the estate�hereby conveyed and h�s the riglit to grant and convey tlie Property and that the Property is uneilcuinbered, except for encuinUrances of record. Borrowei•wan•ants and will defend generally the title to the Property against a11 claims and deinarids, subject to any encumUrances of recorel. THIS S�CURITY INSTRUMBNT coinbines uniforin covenarits for national use aiid non-uiuform covenants with limited v�riations 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 Lat� Chaeges. Boi•rower sha11 pay when due the principal of, and interest on, the debt evidenced vy the Note and�ny prepayment charges and late charges due under the Note. Borro�ver shall also pay funds for�scrow Ttems pursuant to Section 3, Payments due under the Note aiid this Security Instruinent shall Ue inlde in U.S. currency, However, if any checic or other ins�rument receivec�by Lender as payment under the Note or this Secui-ity Instruinent is returned to Lender unpaid, Lender inay require that any or�11 subsequent paysne�its due under the Note and this Securi�y Instruinent be made in one or inore of the following forms, as selected by Le�ic�or: (a) cash; (b)molley order; (c) certifieci checic, vank checic, treasurer's check or cashier's cllecic, provicled any such checic is drawn upon an institution whose deposits are insureci by a Federal agency, instruinentllity, or eiztity; or(d) Eleetroiuc Funds Transfer. Payineiits ai�e deemed received by Leiicler when received at the location designatecl in the Note or at such other location as m1y be designated by Lender in accordance with the notice provisions in Section 15, Lender inay i�eturn any�ayment or p�rtial payu�ent if the�ayine�it or partial�ayments are insufficient to bring t11e Lo1i1 current, Lei�dei�inly accept any payment or partial payment insu#'ficient to biii�g tha Loan current, witltout waiver oi'any rights hereunder or prejuc�ice to its riglits to refuse st�oh payinen't or partial payinents in the futura, Uut Lender is not obligated to apply such payments at tl�e tiine such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lencler need not pay interest on unapplied�unc�s. Lender m�y holci sueh una�plied funds until Borrower malces payme�its to bring the Loan current. If Borrower does not do so within a reason�ble�eriod of time, Lender shall eitker apply suclz funds or return them to Borrower. If not applied earlier, such funds wi11 be applied to �he otYtstanding principal balance uncler the Note iimnecliately prior to foreclosure. No offsef or cl�iin which Borrawer inight have now or in the future against Lender shall relieve Borrower trom malcing payinents due under the Note and tlus Security Instrument or�erforming tlie covenlnts 1nd�greements secured Uy this Securit� Instruinent. � p 2. Application of Payments or Proeeeds. Except 1s otherwise described in this Sectioil2, all�ayinents accepted�nd applied by Lender shall ve applied in the followiiig order of priority: (a) interest due under tlie Note; (U)principal due uncler tlie Note; (c) ainounts due under Section 3. Sucli paymeiits shall be applied to ��ch Periodic Payinent i1�the order in which it becai�e due. Any reinaining��notiuits sha11 be applied first to late charges, secoud to any other aiiiounts due uncler t11is Security Instrument, and tlien to reduce the principal balance of the Nota. If Lender receives a p�yment from Bol�rower for a delinquent Periodic Payment which includes a suf�cient a.mouiit�o pay any late crlas�ge d�ie, t17e payment ina.y be applled to the delinquent��yment and the late charge. If more than oiie Periodic Payinent is outstaiiding, Lender may apply any payment received fi�om Borrower to the repayinent of the Periodic Payn�ents if, aild to tlie extent that, each payment c�n Ue p�id iti fu11. To the extent that ai�y excess exists aftei•the paqziient is a�plied to the full payment of one or inore Periodic Payments, such excess inay Ue applied to any late charges due. Voluntai•y prepayments shall be lpplied first to�ny prepayment charges �nd theii as described in the Note. 24000026 NEBRASKA-Single Famlly-Fannle M aelFredtlie Mac UNIFORM INSTRUM ENT Form 3028 1I01 VM P� YM P6(NE)(1105) Wolters Kluwer Financial Services Page 4 of 17