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201201201 BOIZROWER COVENANTS that Borrower ia lawfully seised of tl�c astate hereby couvayecl and haa Ehe xight to gcanf and convcy the Property and tl�at the Propet•ty is unenoumbered, excepC for encumUrances of record. Botrower wv�iE�u�ts �wd will dcfcnd geuer�llpthe titla to the Property againat flll claim5 and demuxds, subjeot to any encumbrances of reoord. THIS SECURITY INSTRUM�NT comUines miiform covenants for nntional use aud non-uniforrn covenants witlx liinited variations by juriadiction to consritnt�a uniform securiry instetiunent covering real pxoperiy. Uniform CoVenants. Borrower nnd Lender covcnant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bnrrower shall pay when due the principal of, and inceresC on, thc dcbt evidei�ced Uy Uie Note and eny�repa}nnent charges and]atu chargos dLio under flie Note. Borrower sha11 also pay funds Ppr�scrow Ite�ns pursuant to Saction 3. Pnymei�he due under lhe Notc and this Security InSUmnent aha11 Ue made in U.S. curre;ncy. However, if any check or other ii�slnui�enC recoived Uy I.c�nder as��alnnent under the Note or tl�is Security Instrument is reYurned to Lender unpaid, Lender may requiro that any or a11 suUsequent yayments due under fl�c Note and this Secwity InshLUnenti be made in one or more of the followi��g£orms, as selected by Lender: (a} cash; (l�)moaeg order; (c) certificd check, Uanlc check, U easmer's cheak or cashier'e check, pa•ovid�d any such oheck is cl�•awn upou nn inetitution whose depoeit,��re ineured by a federal agency, instrument�lity, or cntity; ox (d)Flectronio Fuuds Trv�sfer. Payments are dezmed received by Lander when received et the looaCion ciesignated in the Note ox aC such other locatir�n as may l�e designated Uy Lendar in accordance with the notioe provisiotis in Section l5, Lender may roturn 2ny paym�nt or partral pa}nne.�it if Uie payment or pu�tial p�tyinents are insuffici�nl to bring[he Loan oiu'renL. Lender may accept any payment or partial payinent iusu�cient to bring the Lofln current, without waiver of Any rights herennder or prejuciicc to its rights W refuse such payment or parCial payme�its ni the tutm'e, Uut Leiider is noY oblignted to apply suoh p�yinents ae tho trme suoh payinents are aocepSed. IP cach Pcriodic Yaymcnt is npplied as of ite scheduled due date, Yhen Lender need not pay interest' on unapplied funds. Lender xnny hold suoh unapplicd fiinds witil Borrower inakes payments to l�ring the Loan cLUZeut. If Borrower does not do so within a rensonable period of Cime, I ender shall eitlier appl.y suol� firnda or i°etixrn thcnn to E2on'ower. ,l£not applied eaaliex, such funds will be npplied Co fhe outsCanding principal balance uncler the Note invnediately prior to foroclosure. No offset or claitn whi¢h Borrower might have now or in tUc futuro abainst Lender shall relieve Borrower fi•om making paymencs duc undar flie Nota ancl tkiie Seot�riLy U�stnunent or performing t1ie covenants and agraeinanYS secured by this Security Instrument. 2. Application of Payments or Proceeds. F,xcept as otherwise described in this Seclion 2, all paymnnts accepted ancl applied by Lender shall be applied in 11�c following order of�riority: (a) interest due under the Note; (U)�rinciptal citiie uuder the Note; (c) amounts due under S�clion 3. Such payments shall be applied to sa4h Peciod'ze Payment in til�a order in which it Uec�ne due. lury remaining�motmts shall bo applicd first to late cliv�gcs, second to any other amounCs due undcr tihie Sccurity Instrumenti, aud then to reduce the princrpal balance of the Note. If Lcnder t�eozives a payment froin Borrower fot a delinquenti Perio�lic Paymcnt which includas a sttfficient amouiit Yo pay any 1ate charge due, the payment may be applied to the delinquent paymcnt and the late chaige. I�P maro Chui onc Periodic Pxytnent is outsSanding, Lender may np�ly at�y p2yn�enP rcceived fi•om Borrower W the repayment oP Lhe Periodic Payments if, and to the extent tUat, each pa}nnent�can be paid in fu11. To the extent th�t any exoeas exieea afCer Chc payment ie applied to tUe ftill payinent af one or more Yeriodic Payments, such excess may Ue applied Co any late chnrges due. Voluntary prepayments shttll be npplied Tirst to auy prepayment charges and then as dasoribed in the Nofo. zn000asa NEBRASKA-Singla Famlly-Fannie Mae/Fre�ltlie A7ac UNIFOR0.7 INSTRUMENT Form 3020 1l01 Vld P(n� Vh1 P6(NE)(1105�1 Wollers Kluwer Flnanclal Servlcas Page n of 1 Y