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201201198 BORROWER COVENANTS that Borirowec is lawfiilly seised oY the eaYaCe hereby conveyed and has the right to grant and convey the Properfy and tliat the Property is unencumbered, except for eneumbeances of recc�rd. Borrower warruits and wil] defeiid genexally Che title to the P�roperty against all cladnis and demands, suUject to any encumbrances�f rectird. TI-ITS SECURITY INSTRUMENT combines uniform eovenants for naYional use and non-uniPorm covenants with limited variations by juriscliction to consCilute a uniPorm secuiity insnument covering rcal propertg. Uniform Covenants. Borrower and Lender covenanf and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Rorrower shall pay when due Clie grincipFQ of, anc[ inCerest on, tlte debt evidenced by th�Note a�id any prepayment charges and}ale charges due under the Note. Borrower shall also pap funds for L+scrow Items pursuant to Secfion 3. Payments due wider the Notc and �his Securiry InstrumenY shall be iiiadc in U,S, curreney. However, if any clieck or other insCrument received Uy Lender ns payment undcr the Note or tliis Security Instrument is returncd to Lender unpatd, I,ender may require that any or all subsequent payments due under the Note and this Security ListrumenC be made in one or more oi'Che PoI]owing forms, as selected by Lender: (�Q cash; (b) money order; (c) certified check, bank eheck, Creasurer's elieck or eashiei's chack, provided ai�y euch check is drawn upon an institution whose deposil's are insw'ed by a fedeial agency, insCeumantality, or cnfit�; or (d} EleaCronic Pnnds Ti�ansfer. Ptryn�enls are deemed received by Lender when reccived at the loeatiou designated in the Note or a[sucli ofhar ]ocation as may be designated by Lcnder in accordance wiCh the uotice provisions in Section 15. Lender may return any payment or partial payment if Ylte payment or perCial paymenta are insuPFicient to bring the�Loan cucrcnC. Lender may aecept any payinent or putial payment insu�cient to bring the Loan curre�rt, wiG�out waiver of a��y rlgl�ts heretmder or pxejudice�Co its righCS Yo refuse such payment or pai�tial payments in the future, but Lender ie noC obligaCed to appf}� auch payinent� at the time such payments are accepted, If eaeh Pe�iodic Payn�enC is applied as of its sclieduled due date, thcn Lender need not pny interesC on unapplied funds. Lender may hold sucit unapplied funds until Borrowcr makes paymeuts w Urii�g thc Loai1�curreiit. If Borrower does not do so within a reasonable period of time, Lendei shall eiUier apply such fimds oc re6ucn Chem to Borrower. If uot applied earlicr, such funds will be applied t� the outsfanding principal balance ttnder the Note immediately pxior Co foreclosure. No offse[or clain7 which Borrower might liave now or iu thc fulure against Lender shall relieve Borrower from making payments due imder the Note a�id this SecuriCy insUumenC or perfoxming the covenanCS and agreements seetued by this Sccurity Instrument. 2. ApplicaYion of Payments or Proceeds. Except as oCherwise descriUed in this Scccion 2, aff payments aecepYed vid appl3ed by Lendex shall be ap��lied i�t the followiilg order oP prioriry: (a) interest due imder the Note; (b) princigal due under che Note; (c) amonnts due under SecCion 3. Such payments sli�tll Ue fipplicd to each Peric�dio PaymenC in [he order in whieh it became dua Any remaining amounts shall be appliecl'Pirst Co lpte chargcs, seeond tq any other amounts due under Chis Security InsCrument, and then to rcduce Ihe principal balanee of Che Note. If Lender rcccivcs a payment from Boccower far a delinquent Periodie Payment which includes a sufFicient amounC Co pay any IaCe eliarge due, tlie payment may be applied Co Cl�e delinquent peymenl and the fate charge. If more than oue Periodic Payincnt is outstanding, Lender m�y apply any payment received froni Borrowex Co the repa}�nient of Yhe Periodic PayAnenCS if, and to the extenC that, each payment can be paid in fulL To thhe extent that any excess exieC�s after tlxe payinent is applied to the full payment of onc or more Periodic Payments, sueli excess may be applied to any late charges due. Volnntary prepaymants shall �e applied first Yo any prepayment chargcs and then as desoriUed in the Note. � za000so� NEBFASKA-5in91e Famlly-Fannio ManlPreddlaMao UNI�ORM INSTFUMEN I form 3026 1l01 VMP p VMPBWE111'IOb� Woltore IUuwcr Flnonolal Sarvloac Peqz4 of 17