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20120091� BORROWER COVENANTS that Borrawer is law£ully seised of the estate fiereby canveyed and has the riglxt to grant and convey the Property and that tb.e Property is unencumb�red, except for eucwmbrances of record. Bonrowsr warcaate and will defend generalIy the title to the Property against all claims and demands, suhject to any encumbrances of record. THIS SECI7RITY INSTRUMENT combines uniform covenants for national use and mon-uniform covenants with limited variations by jurisdiction to constitute a uaiform secunity instrument covering real proper[y. Uniform Covenants. Bonower and Lender cov�nant and agree as fallows: 1. Paymentof Principal,lnterest, Escrowltems, PrepaymentCharges,and Late Charges.Barmwer shall pay when due the principaliof, and interest on, the debt evidenced by the Nate and any grepayment charges and late chazges due under the Note. Bozrower shall aiso pay funds for Escrow Items puisuant to S�ction 3. Payments due under tilc Note and this Security Insbrument shall be made in U.S. currency. Hqwcver, if any check or other instrument received by Lender as payment under the Note or this Sectuity Instrument is returned #o T.ender;unpaid, Lender may require that any ar all subsequent paymenEs due under the Nate and this Security Insm�ment be made in one or more of the following farcns, as selected by Lender: {a)-cash; (b) money ord�r; (c) eertified che�k, bank check, treasurer's check rnr cashier's check, provided any such cheek is drawn upon an institution whose deposits are insured by a federai agency, instrumentality, or entity; or (c� Electronic Funds Transfer. Paymettts are deemed received by Lender when received at the location designated in the Not� or at such other IocaHon as may be designafed by I.ender in accordauce with the notice provisions in Sectiom 15. Lendar may return any payment ar partial payment if the payment or partial paynuents are insufftcient to bring the Loau current. Lender may accept any payment or partial payment insufficient to bring the Loan cunent, without waiver of any rights hereunder or prejudice to its rights to refuse sach payment or partial payments in the fixiure, but Z.ender is not obligated to apply auch payments at the time such paymenfs are accepted. If each Periadic Payment is applied as of its scheduied due date, then Lender need not pay intezest on unapplied funds. Lender may &old such unapplied funds until Bozrawer makes payments to bring the Loan current Tf 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 be apglied Eo the outstarading principal balance under the Nate iznmediately priar to foreclasure. No offset or claim which Barrower maght have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Insixum�nt or perfanwing the covenants and agreements secured by this Security Instrament. ' E 2. Applic�tionof Paymentsor Procseds.Except as oYberwise described in this Section 2, s11 payments accepted and applied by Lender shall be applied in fhe foIlowing order of priority: (a) intexest due under the Note; (b) principal due under the Note; (c) amounts dne under Secrion 3. Such paymeuts shall be appiied to each Periodic Payment in the order in which it became due. Any remaiming amouuts shall be applied first to late charges, second to any other amounts due under this Security Instnimment, and then to zednce the principal balance of the Nate. If Lender receives a pay�ment froin Borrnwer for a delinquent Periadio Payment which includes a sufficient aznnunt to pay any late charge due, fhe payno.ent may be applied to the delinquent paymeut and the late charge. Tf more t3a�an one Periodic Payment is autstanding, Lendex may apply any payment received from Borrower to the repayment of the Periadic Payments if, and to the extent tbiat, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full gayment of ome or m�ore Periodic Payments, such excess may be applied to any iate charges dne. Voiuntary prepayments shall be applied first to any prepayment charges and then as described in the Note. 7tlEBRASKASingle �amiiy-Fann� MflelFredd�e Mae Uf�FORM INSTRUMENT Form 3fl281101 VMP � VNH�B(NE) (1105).00 Woiters Kluwer Finertciel Services Pege 4 of 17