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201201254 BORROWER COVENANI'S that Borrower is lawfully seised of the estate hereby conveyed and 6as the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the litle to the Pcoperty against all claims and demaads, subject to any eneumbrances of record. THIS SECURI7'Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniforn� security instrument covering reatproperty. Uniform Covenants.Bonower and Lender covenant and a�ee as follows: 1. PaymentofPrinclpal,Interest, Escrowllems, PrepaymentCharges,andLateCharges.Borrower shall pay when due the grincipal of, and interest on,th�debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay fuods for Escrow Items pursuant to Secfion 3. Payments due under the Note and tltia Secwity Instrument shall be made in U.S. currency. Huwever, if any check or otLer inst�ument received by Lender as payment under the Note or t6is Security Instrument is returned to Lender unpaid,Lender may require that any or all suhseqiient payments due under the Note and thia 5ecurity Instrument be made in one or mote of the following fprms,as selected by Lender: (a) cash; (b)money order;(c) certifind check, bank check,treasurer's check or cashier's check,provided any such check is drawn upon an institution whose deposits are insured 6y a federal agency, instrumentality, or entity; or (d)Electronic Funds Tranafer. Payments are 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 Section t5. Lender may return any payment or partial payment if the payment or partial payments are insuf6cienf to bring the Loan c�prent. Lender may accept anypayment or partial payment insufficient 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 firture,but Lender is not obligated to apply such payments at the time sucH payments are accepted. If each Periodic Payment is applied as of its acheduled due date,then Lender need not pay interest on unapplied funds. Lender may hold such unapplied fiwds until Borrower makes payments tu bring thc Loan current. If Borrower dues not do so within a reasonable period of time,Lendet shall either apply such funds or retntu them to Borrower. IP not applied earlier, such Cunds will he aQplied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the fuhue against Lender shall relieve Borrower from making payments due under the Note and t6is Security Instrument or performing the covenanta and agreements secured by th'rs Security � Instniment. - � . . 2. Applieatlonof PBymentsof Proceeds.Except as otherwise dascribed 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; (6)principal due imder the Note; (c)amounts due under Section 3. Such payments shall be applied to aach Periodic Payment in the order in which it became due. Any remai¢ing amounts shall be applied &rst to late charges, second to any other amounts due under this 5ecurity Inalniment, and t6en to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suffieient amount to pay any late chazge due,the payment may be applied to the delinquent payment and tUe late charge. If more than one Periodic Payment is outatanding,Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if,and to tLe extent that, each payment can be paid in full. To the e�ent that any execss exists afier the payment is applied to the fitll payment of one or more Periodic Payments,such excess may be applied to any late charges due. Voluntary prepayments ahall be applied first to any prepayment charges and�then as described in tbe Note. NEBRASKA-Single Family-Fennie MaeIFreECb Mac VNIFORM INSTRUMENT Forcn 30281I0� � VMP W� . VMPB�NE)(1705).00 � Wolters Kluwe�Flnancial Servicas � . .. Pege 4 of 17 �