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201200550 BORR04V�+R COVP,NANTS thnt Borrowet is lawfully seiscd of the asYate hereby comeyed anci has tho riglrt to grant and convey lhc Yroperty and thet the Piroperty is uttencumbercd, except Por encumbrances of reoord. Borrowcr warrauYs and will defond generally tha CiClc to flie Property against all elaims and demvide, subjecC to auy eneumbrancos of record. THI� SL+CUIt[1 Y II�TSTRUiv1ENT co�nUines unifoim oovcna�rts for national t4tie uid iion-unifnj�nt covenante wiCh liinifed verinCione by.jurisdiction to eonslihrte a tiuiiYorm aeciu�ity insta'wnent ooverinb real proper[y, Uniform Covenants. Borrower and Lendar covenanC and agree as fallows: 7. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower �l�t�ll pay when due the principal ot; mid inferost on, the debt evidenced by the Note and�ury prepayment oharges and late cl�arges due uucler tho Note. Borrower sliall �7so pay funds Por F.,saeow ICems pursuant to Sectiion 3. Pnyments due under the Note and this Security Hvs�w��ent shall be matic in U.S. currency. However, �f'any eheck or othcr instrwnent xeceivcd by Lender as payrnent tiuider the Not�or tlus SecuxiCy Insu-�unent ie retw�ned to Lender unpaid, Lender may rcqLUre that nny or all subsequent pnyments due uuder tlia Note 2nd tl�is Secnrity Instrument be made in ane ar moro of flie followiiig forn�s, as seleoted 6y Lender: (a) cash; (b)money order; (c) cartified cheok, Uank ehecic, treasLU cr's check or c�shior's check, provided any such check i9 dratun npon an institutiou whose deposite rua insured by a federal agency, insttumentaliYy, or enCiCy; or(d)Elech�onic Pund�Transfer. Paymants are deemcd reccived by Lender whe�� received at tihe location deaignatecl in tho Note or at euoh otihcr loca�tion as may be designated by Lender in accorda�ice with [he notica provisions in Scciion 15. � Lender�i�ay raturn Rny paymenC or partial paymenk if 4hc payinent ar pprfial payments are insuPficicnt to bring the Loan current. Lender mny accept any pzyment or partial payment iusufGcient to biing the Loan ourrent, without wniver of any righCs hereutider or prejudioe to its rigl�te to refusa such p�ymcnt or paztial pa�nex�ts ni tlie future, lnit Lendcr is not obligflted ho apply such paymenls at the tiina such pnyments are accepted. IP cttcli Periodic Payme�it is applied aa of its soheduled due date, then Lender need not pay inLerest on miapplied funde. Lend�r inay hold suoh unapplied funds unfil Borrower makea payinents to Uring the Loan curreut. Zf Borrower d�os not do so within a roasonaUle period of time, Lendar shall eiSher xpply such fimds ox raturn them to Bormwar. lf not applied e��lior, snch funde will be applied to the outstauding prinoi��al baluice uuder the Note immediately priar to Poreclosure. No offeet or claitn whiol�Borrower inight have now or in[I1e future againsti Lendex sha11 rclieve Borrower from makuig paynients dtie undcr tlie Note and fliis Security Instrun�ent or perfonning the oovenants ancl agaeeznents secured by this SeouriCy InsCruvicnt. 2, Application of Payments or Proceeds. �xcept aa oCherwise deeoribed in thie Section 2, all payments necepted and auplied b,y Lender shnll be applied in tha Pollotiving ordea•ofpriociEy: (a)inTcrest due mider the Note; (b)principal duc undo��the Nota; (c) amoimYs due mider Section 3. Saah paymente ehnll be applied to each Periodic Pnyment in the order in which iY becmne duc. Auy remaining amounts shall be applied 6rst to l�te chargcs, second to Any other vnoimts due mider this Security Instrmnent, �nd Chen to reduce the principal halauce of the Note. IP L ond�r teceives a paymenC fi�om Borrower Por a delinqucnt Periodic Pnytnent which ineludes a sufficient pmomiL' Co�jay any lata ohvge due, the payment ixu�y be nppliu9 Lo the delinquent paymont and the late chazge. If moro tl�an oue I?eriodic Payment is oukatanding, Lender n�ay app1y any pa�ymenl reooived fi�oin Borrower tio the repayment of the Periodic PaymenCs if, and Co llie extent tlaat, eacl�paym�nti cau be paid in full. 'I'o tl�e exte�it that any exees� e�sts mfter ilie pnyment is applied to Eha full paym�nt of one or mora Periodic Pn�nonts, siich excess may be�p�lied to any late charges dua VolwiEary prepayinents sh�ll be applied first to�ny prepayinenf c1iar�es and then as described in flie Note. zaooaaoa NEBRA9KA-9ingls Famlly-f-annle N1aNFroddio M ac UNIFORM IN3'I'RUM ENT Porm 3028 1701 VM P W VM Pfi(NE)(11061 Wol�ors Kluwer Flnenalnl 9ervlces Pag¢4 af 17