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201200927 BORROWER COVENANTS that Sonower is lawfully seised of the estaze hereby conveyed and has the right to grant and wnvey the Property and that the Property is unencumbered, except for encumbrances of record. Borcowcr warran[s and will defend generally the title ro the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for na[ional use and non-uniform covenants with limited variations by jurisdiction to cons[i[ute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest. Escrow Items, Prepayment Charges, and Late Charges. Horrower shall pay when due the principal of, and interest on, the debt evide�ced by the Note and aay prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Sec[ion 3. Payments due under the Note and this Security Instrument shall 6e made in U.S. currency. However, if any check or other instnunen[ received by Lender as payment under the Note or this Securiry Instrument is renuned to Lender unpaid, Lender may require that any or all subsequent paymems due under the Note and[his Security Instrument be made in one or more of the following forms, as selec[ed by Lender: (a) cash; (b)money order, (c)ceRified check, baok check, treasurer's check or cashier's check, pmvided any such check is drawn upon an institution whose deposits are insure�by a federal agency, instrumentality, or entiry; or(d) ElecCronic Fu�ds Transfer. Payments are deemed received by L.ender 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 return any payment or partial payment if the payment or partial paymerns are insu�cient to bring the Loan current. Lender may accept any paymern or partial payment insufficien[to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the funue, but Lender is no[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 unapplied funds. L.ender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, L,ender shall ei[her apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal 6alance under the Note immediately prior ro foreclosure. No offset or claim which Borrower might have now or in rhe future against Lender shall relieve Borrower from maku�g paymems due under the Note and this Security Instnunent or performing the covenants and agreements secured by this Security 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 Paymen[ in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amoun[s due under this Security Instrumen[, and then to reduce the principal balance of the Note. If Lender receives a paymen[ from Borrower for a delinquent Periodic Payment which includes a sufficient amourn to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more[han one Periodic Payment is outstanding, Lender may apply any payment received from Borrower ro the repaymen[ of[he Periodic Payments if, and[o [he exten[[ha[, each payment can 6e paid in full. To the extent that any excess exists aRer the payment is applied to the full payment of one or more Periodic Payments, such excess may 6e applied to any late charges due. Voluntary prepayments shall be applicd first to any prepayment charges and then as described in the Note. NEBRASKA-Sinqle Famity-Fannm MarslFm�tl�e Mac UNIFORM INSTRUA9ENT Form 3028 1/Di �MP� VMP6INEI tl 1051.00 Wolters Kluwer Finarcial Senice= paye q a��