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201201532 BORROVJER COVENANTS that Bprrower is lawfully seised of the estate haeby conveyed and has the right to gran[and convey the Prbperry and that the Property is unencumbercd, except for encumbrances of record. Borrower warrants and will defend genetally the title to the Property against all elaims and demands, snbject to any encumbrances of record. THIS SECURITY INS'I'RUMENT combines Lunform covenanes for national use and non-wuform covznants with limited variations hy jurisdicrion to constituta a uniform sec�aity instrument covecing real pxoperiy. Uniform Covenants. Bprxok�r and Le�ider covenant and agxee as follows: 1. Payment of Princip�l, Interest, Escrow liems, Prepayment Charges, and Late Charges. Bonower shall pay when due the pxincipal of, and inferest on, the debt evideuced by the Note and ai�y prepayment charges and�late charges due under the Note. Borrower shall also pay funds for Escro�v Items pursuant to Section S. Payments due under flie Note and this Security 7nshument shall be made in U.S. currencg. However, if any check or other inslnunent received 6y Lender as payment under the Note or fhis Security Instnunent is retumed to Lender unpaid, Lcnder may requv-e fliat any or all subsequeirt payments duc under the Notc and Yhis Security Insfnunent be made in one or mare o£the FollowTng forms, as sclecTed by Lender (a) cash; (b)money order; (e) eertified chack, bank check tr2asurer'e check or cashier's check, provided any such check is chaa�t npan an institution whose deposits are insured by a federal agency, instrumentality, or enfity; or(d)Elechonic Funds Transfer. Payments aze deemed reeeivedby Lendea�when received at the location designated in the Note or at such other locafion as may be design�ted by Lender in accordance a�th the riotice psovisions in Section 15. Lender may rehun any payment or parrial payment if the payvien[or partial payinents are insufficient to bring the Loan current. Lender may accept any payment or partial payruent insut$cient to bripg tiie Loan cunent, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or parhial payments in the future, but Lender is not obligated to apply such payments at the time sueli payments are acceptcd. If each Periodic Paymeuf is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds unCil Bc�rrower makes paymcnts to bring the I.oui current. If Borrower dou�not do so within a reasonable period of tune, Lender shall either apply such funds or rehun thein to Borrower. If not applied earlier, such funds��ill be applied to the outstanding principal balance lmder the Note immediately prior to foreclosure. No offset or claim wluch Bon-ower might have now or in the future against Lendc,�r shall relieve Borro�ver fr�m maknig payments due under the Note and this Security Insirmncnt or perfprimng fhe covcnants and agreements secuced by this Secm-9ty Instrument 2. Application of Paytraents or Proceeds. Except as otherwise described in this Section 2, all payment� accepted aud applied by Lender shall bc applied in the following order of priority: (a)intcrest due under the Note; (b)principal due under the Note; (c) amounts due undex Section 3. Such pa�nents shall be applied tu e3ch Pesiodie Payrnent in the orcler in wluch it became due. Any remaining amounfs shall l�e applierl first to late charges, second W any other amounts dne undei tUis Seciirity TnStnunept, and then to reduee hhe principal Ualance of the Note. If Lender receives a paymenf.from Borrower for a delinquent Periodic Payment whieh iaclndcs a sufficient unoimt To pay any late charge due, the payment may be applied to the delinquent payxnenf and the late charge. Ilmore than one Periodic Payment is outstanding, Lender may apply any payxnent received from Borrower to the repayment oF the Pcriodic Payments if and to the extent that, each payment can be paid in fialt. To tke extent ti�at any�ceSS e�sts ai�er thc paymen#is applied to the full payment of one or inore Periodic Payments, such excess may be applied to any late charges due. Voluntazq prepayments shall k�e applied frrst to an.q prepayrnent eharges and Chen as desccibed in the Note. saoaaasz NEBRFSKA-SNgleFamity-Fannieldae'FredtlietdacpNIFORM INSTRUbiE�T Form30281101 VPd P(� VM Po(NE)(1105) Woltets Kluwer Financial Services Page 4 ot 1�