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�ai��o�s� 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 encumbranc.es of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited vatiations by jurisdicrion to constitute 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. Bonower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bonower sha11 also pay funds for Fscrow Items pursuant to S�tion 3. Payments due under the Note and this Security Insmiment shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this S�urity 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 sele,cted by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's che,ck, provided any such check is drawn upon an institutiog whose deposits aze insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments aze deemed 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 Secrion 15. I.e�der may return any payment or partial payment if the payinent or partial payments are insufficient to bring the �.oan current. I.ender may accept any payment or partial payment insufficient to bring the Loan curreent, without vvaiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments i� tfi� fi�t�tre, b�t LeIIC� is no� abligated to apply such payments at the time such payments are accepted. If eacfi Periodic Paymea� is applied as of its scheduled due date, then Lender need not pay interest on unappliec� funds. F.ender may Fro1d such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower do� not do so within a reasonable �riod of time, Lender shall either apply such funds or retur� t�em to Bartower. If not applied earlier, such funds will be applied to the outstanding principal balanc� uacter the Note immediately prior to for�losure. No offset or claim which Borrower might have now ot ia the future against Lender shall relieve Borrower from maldng payments due under the Note aud this Security �t or performi,ng the covenants and agreements secured by this Security Instr�menc. 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 S�rion 3. Such payments shall be applied to each Periodic Payment in the order in which it became 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 Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more thau one Periodic Payment is outstanding, Lender may apply any payment received from Borrower 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 firs� to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UN�FORM INSTRUMENT VMP � Wolters Kluwer Finencial Services Form 3028 1l01 VMP6(NE) 111051 Page 4 of 7 7 q:i �u'c, .