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20��413�� BORROWER COVENANTS that Bonower 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 warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 'I'HIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 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 shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.5. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security 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 selected by Lender: (a) cash; (b) money order; (c} certified che,ck, bank check, ixeasurer's c�ieck or cashier's check, provided any such ch�k is drawn upon an institution whose deposits are insured by a f�eral agency, instnunentality, or e�ity; or (d) IIectronic Funds Transfer. Payments are d�med received by Lender when received at the location designated in the Note or at such other Iocation as may be designated by Lender in accordance witk the �tice provisions in Section 15. �.endes ma.y retum, any payment or partial payment if the paymen� or partial payments are insufficient to bring the Loaa cunent. I�nder may accept any payment or partiat payment insufficient to bring the Loan current, without vvaiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments iu the futtue, but Lender is not obligated to apply such payments at the rime such payments are accepted. �f� Periodic Payment is applied as of its schedut�i c�ue date, then Lenc�er need not pay interest o� unappFied fusds. E.euder may kold such unapplied fvads until Borrower makes payments to bring the Loan. current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return t�eEn to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Bonower might �ave now or in t�e fut�re agai�t Lender shall relieve Bonower from making payments due under the Note and this Security Instruffient or performing the covenants and agreements secured by this Security �nstcumsnt. 2. Applicafion of Payments or Proceeds. Except as otherwise described in this Secrion 2, all payments accepted and appliect 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 Section 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, s�ond 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 Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Bonower 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 first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMPB(NE) f1105) Wolters Kluwer Financial Services Page 4 of 17