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201201534 BORROWER CQVENA�TTS that Boaowex is lawfully seised of the estate hereby conveyed and has the right to gant and convey the Pmpert�=and that the Properry is unencumbered, except for encum6rances of record t3orrower�rants and will defend genexallg fhe title to the Property against all claims and demands, subjeet to any encucnbrances of record. THIS SECURITY INSTRLTMBI�T combincs uniform cocenants for national use and non-LU�iform cocenants with lunited variations by jurisdiction to constitute a uniform security instnunent cocering real properry. Uniform Co�enants. Borrower and Lender covcnant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal o� and interest on, the debt e�ddenced by the Note and any prepayment d�arges and late chaz'ges due under the Note. Borrower shall also pay funds for Escrow Items parsuant to Secrion 3. Payments due undex the NoTe and this Security Instruaient shall be made in U.S. currency. However, if any aheck or otheL mstrumeart received by T ender as payuient under the Note or this Seciuity Inshtiment is retumcd to Lender unpaid, I,ender may require that any or all subsequent payments due under the Note and fhis Secuiity Instrument be made in one or inare ef the foAowing focws, as selected by Lendex: (a) eash; (b) money order; (c) certified check, bank check, treasurez's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentaliry, or � enrity, or(c�Electronie F'�wds Transfer. Payments are dccined received by I.ender when received at the location designated in the Note or at such other location as may be designated by Lender in aceordance with the notice provisicros in Section 15. Lender may retum any payment oa parlial payinent if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or pattfal payment insufficient to bring the Loan current, wlYhout�uaiver of auy rights hereunder or pxejudice to Its righfs to refuse such payment oi partial payinents in the fixture, but Lender is not obfigated W apply such payments at t1ie flme such payments aze accepted. If each Periadic Payment is applied as of its scheduled due date, then Lender need not pay intexest on unapplied funds. Lender may hold such unapplied fimds untIl Borrower makes paymenCS to bring ttte Loan current. If Borrower does noh do so within a reasonable peri�d of tune, Lenda shall either apply such funds or tetum flzem to Borrower. If not a}�plied earlier, such fizndS will be applied to the outstanding principal balance under the Note immediately priar to foreclosLUe. No offset or claim which Bonower might have now or in the future against Lender shall rclieve Borrower from making payments due under die N ote and this Security Instnuuent or performiug the covenants and agreements secured by this Security InStrument. 2. Application of Payments or Proceeds. Except as othernise described in this Seetion 2, all pa}�ments aceepted and appli,ed by Lenrler sha11 be applied in the fallowing order of priority: (a) interest duc under rhe Note; (b)principal due under the Note; (c) amounts due under Section 3. Such payments sha11�e applied to each Periodie Payment in the order in which it became due. Any remaining amounts shall be applied first to late ehazges, seaond to any other amounts due under tlus Security Instnunent, and then to reduce the principal balance of Lhe Notc. If Lendu receives a payment from Aorro��er for a delinqucnt Periodic Payment which includes a suf&cient - unoun[[o pay any]ate charge due, the payinent inay be applied to the delinquent payment and Lhe latc charge. If more than one Perioclic Payment is outstanding, Lender may apply any payment received from Borrower to nc�rcpayment of the Periodic Payinents if, and to the extent that, cach payment can be paid iu full. To the e�ent that any excess exists after the payment is applied to the full payment o£one or more Periodic Payments; such cxcess may be applied to any latc charges due. Voluntary prepayinents shall be applied first to any prepayment charges and then as described�.in the Note. 2400039] NEHRASKA-Single Fam ily-Pannie M ae(Fretltlie M ac U W F0�.1 INSTROAI ENT Porm 3o 28 1/01 VYI P� Vld P6�NE)(11 a5) Nlolt_rs Kluv.��er rinancial Services Pzqe4 of 1]