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201200750 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. Bonower wazrants 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 national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform s�urity instrument covering real property. Uniform Covenants. Bonower and I.ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenceci by the Note and any prepayment chazges and late chazges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Secrion 3. Payments due under the Note and this 5ecurity Instrument shall be made in U.S. currency. However, if any ch�k or other instrument 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 cashier's check, provided any such ch�k is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or enrity; or (d) Electronic Funds Transfer. Payments ate d�med received by Lender when received 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 retum any payment or partial payment if the payment or partial payments aze insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan cutrent, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplierl funds. Lender may hold such unapplied funds until Bonower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will he applied to the outstanding principal balance under the Note immediately prior to for�losure. No offset or claim which Bonower might have now or in the future against Lender shall relieve Bonower from making payments due under the Note and this Security Instrument or performing the covenants and agreements s�ured by this S�urity Instrument. 2. Application of Payments or Proceeds. Except 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 b�ame 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 Borrower for a delinquent Periodic Payment which includes a suff'icient 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 Bonower 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 Mse/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP 0 VMP6INE) (1105) Wolters Kluwer Financial Servicas Page 4 of 17