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201200930 BORROWCR COVL'pIANTS thaC Borrowex ia lnwfiilly scised of the estate hereby convoyed wd has Yhe righk to grzut and convey the Pioperry and fhat the Property is uneuctunUered, except for encuanbrancee of record. Borrowee warrvits and will deFend generxlly the title to Yhe Property againnt a11 clauns and demands, snbjwt to any encumUranecs of record. THl'S SNC[]RITY INSTRUMENT oombinos unifotm covenants foc natioiial usc and non-mriform covennnte wifll liinitezi varie�tione by jm�isdiction to constitufe a uniform security insCrument eovering real property. Uniform Covenants. Borrower and Lendor cove�iant and agsee as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower s1�a11 pa�y tivhen due fha principnl of, u2d intorest oit, the debY evidenced by thc Nofe and viy prepayment chaz•ges nnd Inte chargae duo under flie Nota. Boxrower shnll�lso pay funds fbr Escxow Ttems purstiwnt to Seclion 3. Payments due undee the Notc and this Secueity Snstrumenf shall bc made in U.S. eurrency. Howcver, if any cl�eck or other insL��unenC received Uy l.ender as t�ayment under theNofe or tlus Sectu•ity Insh�umenC ie rotiw�ned to I,encler unpaid, Lender may require that any or all subsec�ient p�tyments due mider the Note and this Security Inslrumant be inade in one or more of tlio following forms, �e seleoted by Lender: (a) eash; (b) money order; (c) oertiGed cUeck, Uank eheek, treaei�rer's chcc;k or cashier's oheck, provicled any such check is dra�wn upon an insritufion whose deposits fue insured by a Pederal a�;ency, insU�mnent�lity, or cntity; or (d) F,1ect��onic Funds Transfer. Ya}nnents are deemad receiveel by Lender whon received at the locntion designated iu tha�Note or at sueh other IocaCion ae may be designaked by Lender in acpordance witli tha notice provisions in Scction l5. Lender rnay return any paytnent or parEial pa�yment if the payn�enC oe�ar[ial payinents are insufl"ioient to briag the Loa�i cm�rent Lende��n�tiy nccept auy paymenti or partial paymenC iii�ufficient to bring the Loan eLUrent, wifUout Waiver of auy righte hexeunder or prejudice to iCs righks Yo refuse such paymcnt or parCial pa}nnents in the futtiro, but Lei7der is noC oblignted to xpplg such payments at the Yime suoh payn�onts ate � accepted. If e��ch Periodic Payment is applied as of its achecluled due datc, tl�e�i Lender need not pay int�erest oit wiapplled iiuids. Lenzler mny hold s��cl�unul�plied fmids unYil Borrower mal<cs payments to briug tha Loan current. IP Borrower doea not do so within a reasonable period of time, Levdor shal1 either apply auch fiu�ds or r�turn t1iem to Borrower. If not epplieci earlicr, such fiuids will be applied to fl�e out'standiug principal belaz�ce undor thc Note invnediately priar to fareolosure. No offset oi claini which Borrowe��miglrt havc now c�r in the future against Lender shall rclicvc Borrower Fiom maldng payinents duc under the Note �nd this SecL�riCy Iiietrument or perlorming the covenants nnd agreements secured l�y this Secwity Instruinent. 2. Application of Payments or Proeeeds. Fxcept as otherwise described in th'rs Section 2, a11 payments zccepted uid applied Uy Lender shall be applipd+n tha followivg order of prioiY�y; (a) �nterest due midar the NoCe; tb)principal due under the Note; (c) an�oLU��s due under Section 3. Such paytnenta shall bc applied tio each Perioctic Payment in the order in which it Uecnme due. Any remaining amounts ahttll be applied first to lata charges, seoond to any othor amounts due under thie Security Histrument, euid then To reduce the principal Uala�ice of the Note. If Lender receives n pn}nnenC &om Borrower for a delinc�uanY Periodic Paymcnt wUich inclndes a sufficient ail�ount to pap any late charge due, the payment inay bc applied to the delinqnent paynzcnt and tl�e la�te charge. If more fhan ono Periodio Paymant is outetanding, Lender uiay apply uiy payn�eni reoeived frcmi Rorrowar to the repfl}nnenC of tl�e 1'criodia Payuients if; azid to the ext�nt tliat, exch payinent cau be paid in $111. "I'o tlle extent tihat any excesa existe nftar bl�o paymant is appliad to the full payinonE of one or tnora Periodic Plymcuts, such excess nk�y be applied Yo any laCe charges due. Voluntary prepaynneufs shall Ue applied first to�uiq prepayment cliarge� a�id then ae deacribed in Lhc Nofx;. 2A000216 NEBRA3KASIngle faiolry-Fannle MaelFretldle Mac UNIFORM INS'I'RUM ENT Form 3028 1/01 VM P� VM P8(NE)(71�6) Woltera Kluwer Pinanclel Services Page 4 oF 7 7