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201�0043� BORROWER COVENANT5 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 Property against all claims and demands, subject to any encumbrances of rec:ord. THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Bonower 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 S�tion 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other insmiment 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 caskier's check, provided any such check is drawn upon an insritution whose deposits are insured. by a federal agency, instrumentality, or entity; or (d} Electronic Funds Transfer. Payments are deemed received by Lender when rec;eived 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 payment or partial payment if the payment or partial payments aze insufficient to bring tfie Lo� current. Lender may accept any payment or partial payment insufficient to bring the Loan current, withauE vvaiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the £uture, but Lender is not obligated to apply such payments at the time such payments aze accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on nnapplie�i f�nds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. if Borrower dces not do so within a reasonable period of time, Lender sl�all either apply such funds or ret�n ti�em to Borrower. If not applied earlier, such funds will he applied to the outstanding principal bai� under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the futu.re against Lender shall relieve Borrower from maldng payinents due under the Note and this Sec�uity Instr�ent or performing the covenants and agreements secured by this Security Instrument. 2. Appiicafion of Payments or Proceeds. Except as otherwise described in this $�tion 2, a11 payments accepted and applied by I.ender 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 he 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 Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Services Form 3028 1 /01 VMP6WE1 (11051 Page 4 of 17 � �