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�01�0�52C 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. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variarions by jurisdiction to constitute a uniform s�urity instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Fnterest, 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 chazges 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.S. currency. However, if any ch�k or other instniment 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 t�is Security Instrument be made in one or more of the following forms, as selected by Lender: (a} cash; (b) moaey order; (c) certified check, bank check, treasurer's cfieck or cashier's check, provided any such check is drawn upon an institution whose deposits aze insured by a federal agency, instrumentality, or entity; or (d} II�tronic Funds Transfer. Payments aze d� received by Lender when received at the location designated in the Note or at such other Iocation as may ire designat�. by Lender in accordance with the norice provisions in Section 15. Lender may return a�r p�yment or partiat payment if the payment or partial gayinents are insufficient to bring the L.oan current. J�nder may accept any payment or paRial payment in�fficient to bring the Loan current, without waiver of auy rights hereunc�er or prejudice to its rights to refuse such payment or partiat payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. �f each Feri�c Payment is applied as of its scheduted due date, then Lender need not pay interest on uuapplied funds. Lender ma.y hold such unapp�ied funds imril Borrower makes payments to bring the I.oau current. If Borrower does not do so �vithin a reasc�nable period of time, Lender shall either apply such funds or return thenz to Borrower. If not applied earlier, such funds wrill be applieri to the outstanding principal balance tmc�es the Note immediately prior to foreclosure. No offset or claim which Borrower rnight have now or ist the future against F.ender shall relieve Borrower from maldng payments due under the Note and this Security i�csrr,+�,t or performing the covena�ts aud agre�ments secured by this Security ir►str�7r_ri_e*±r. 2. Appiication of Payments or Proceeds. Except as otherwise described in this Secrion 2, all payments accepted and applied by Lender sha11 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 l�ecame due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under ttus S�urity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment wluch 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 than 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 first to any prepayment charges and then as described in the Note. NEBRASKA-S1ngle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP p Woltere Kluwar F(nanctal Services Form 3028 1 /01 VMP6(NE) (1105) Page 4 of 17