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201200890 BORROWER COVENANTS that Borrou�er is laa�fully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencLUnbered, except for encumbrances o£record Banower warrants and will defend generally the title to the Pxoperty against all claisns and demands, subject to any encumbrinces of record. THIS SEC`LTRITI'[NSTRIL�NT combines unifarm covenants£or national use attd non-wiiform covenants wifli lunited varialions by jurisdiction to constitute a uniform security instrLUnent covering real property. Uniform Covenants. Rorrower and Lender covznant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Gharges. Borrowcr shall pay when due the principal of and interesY oq the debt 0videaced hy the Note aud any prepay�nent charges and late charges due under the Notz. Borrower shall also pay funds For Escrow Items pursuant to Secrion 3. Payments due under the Nore and tUis Security Iastrwncnt shall be made in U.S. currency. Howeved, if any eheck or othei insh�ixmeut reccived by Lender as payment undeY the Note or this Security Instrument is rehuned to Lender wipaid, Lender may require that any or all subsequeut paymeuts clue undzr the Vote and this Securitv Instrument be made in one or more of the following forsns, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank cheek, heasurer's check or cashier's check, provided any such check is dra�rzt upon an tnstitution whose deposiYs are insured by a federal agency, instnunentatity, or entity; or(d)Electronic Funds Transfer. Payinents aze deemed received Uy Lender when received at t$e]ocation designatcd in the Note or aY such ofher location as may be designated by Lender in accordance with ffie notice provzsions in Section 15. Lentler may retum anypayinent or partial payment if flie payment or parcial payments are ins2�€ficient to briug the Loan current Lend�T may accept any payment or partial payment insufficient to bring the Loan ccurent, arithout waiver of any rights liereunder or prejudice to i2s rights to refuse sucl�payment ar partial payments in the future, but Lender is noL obligated to apply such payments at tlie time such payinents are accepfed. If eaeh Periodic Paymant is applied as of its scheduled due date, fhen Le�ider need not pay interest on uuapplied funds. Lender may hold such Luiapplied funds until Borrower makes paymen[s to Uring the Loan current. IF Borrowcr does not do so wiUun a reasonable period of rime, Lender shal] either apply such funds or retum rhein to Borrower. Lf not applied carlier, such funds will be applied to the outstandzng prineipal balance under the Note immediately pxior to foreclosuie. No offset or claun��hieh Borrower might have now or in the future against Lender shall rclieve Borrowex from making payments due under the Note and this Security Instrument or performutg the covenanCS and agreements secured by this Secuzity� Insh-umeffi. 2. Application of Payments or Proceeds. Except as othcrwise described in this Sccrion 2, all payments accepTed and appliad by Lender ehall be agglied in the following order of priority: (a)interest due under the Note; (b)paincipal due under the NtaEe; (c) 2mounts dne mider Sect[on 3. Such pa}nnents shaIl be applied to each Periodic Payxnent in the order in which it Uccame due. Any remaining amounts shall be applied first to late charges, Second to any other amounts due under Hris Securlty Instrusnent, and then to xeduce the principal balance of the N�te. If Lender receives a payment&om Borrower for a delinquen[Periodic Pa}�ment which includcs a sufficient amount to pay any late charge due, the payxuenC may be applied to the delinquent payment and the late charge. If more than one Periodic Pa}nnent is outstanding, Lender may apply any payment recei��ed from Boriower to the re�aymexit of the Periodic Payments if, and to the e�ent fl�at, each payznent can be paid in full. To the extent that any excess exisYs after the payment is applied to the full paqment of one 6r more Periodic Payments, such excess may be applied to any latc charges due. Voluntary�nepayments sha11 be applied first to any prepayment charges and then as described in the Note. 24000190 NEB W15KA-Single Family-Fannie M aelFretlGie M zc UIVIFORIv1 MSTRUM ENT Form 302B 1701 VMP(�n VMP6(NE)(1105) Woliers Klu•.v er F;nancial Services Page 4 of 1�