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201201691 BORROVJ}?R COVL�:NANTS that Borrowar is lawful�seised of the estntie hereby conveyed ancl hAS the right to granf and convey the Proparty and that the Propert�+ie unencumbered, �cept for enctiimbrnnces o�f record. Borrower warrAnts and will defend generally tlie Citle to Uie Properry against all claims and deivands, suUject to any eneuinUrauces of record. THIS SECURITY INSTRUi4fRNT combines uniform covenants for naCional nse and non-tiinifm7n covena.nts witli limited variations by jurisdictiori Io consCi6uCe a imiforn2 seouriLy inalnnuent covering real property. Uniform Coveqanfs. Borrowcr and Lender eovenanC anci agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrowcr shall pay when due the princi�al of, znd inheresC on, lhe debt evidenoed bg The NoCe and any prepayn�enf charges and I2te chaxges due under the Note. Borrower sha11 also pay fiuids for Escrow ICams pm sua�it to Section 3. Paym�nYS due undar tiha Note and this Sectuity[nstrwnent sUa11 Ue made in U.S. currency. However,i'F any check or otl�er instrument reccivcd by Lcndcr as paymcnt under the No4e or this Seoiui�y Instruinent is rehtmcd to Lender impaid, Lender lnay require that any or all su6sequent pa}nnente due under the Note and Chis Security Snstrument be m�de in one or inore of the f'ollowing forms, ae selected Uy L,ender: (a) c�sh; (b)rnoney ordei; (c) certffied checl4 bazilc checlt, treasurer's chcck or casl�ior's ql�ccic, provided aily such check'is drawn npon an institutioit wl�ose deposils are inaL�red bg a fecleral agency, inetirumentality, or entity; or(d)Eleotronin Funds Trenefer. Payinents are deen�ed reeeived Uy Lencler whe�i reoeived at the loc�tion clesignated iu tlie Note or aC sLwh other location as may be designated by Lender iu accordauce with the notiice provisions in Seciion 15. Lender may relurn nny p2�ymenY or paa'tial pa}nnent if the payinent or partial payme��ts are ins'ufficicnf to bxing the Loen current. Lender may aocept aary payment or paitial paymenU insufGcient w bring the Loati ctix�rent, wiUiouf wa�iver of any ri�hts hereui�der or prejiuiice Co its rights lo refiise suclt paytnent or ptu•tial paymenta iz�thc fuhuc, but Lendex is not obligated to apply such payinentis ak tlie tiine such payments fu�e accepted. If ench Periodic Paymant is ayplied as of its sclieduled due datc, tl�cn Lendcr r��cd not pap intcrest on unap�lied funds. I,ender inay hcilci sucl� unapplicci funds lmCil Borrower malzes�ayn�ents to bring the Lozn currcnf. If Borrowex does not do so within n reASOnable period of tiine, Lender shall eitl�er apply auch funcls or rehu7l them to Bortower. If not a�pplied earlier, sndl fiauds wi11 bc appH�d Yo the otdstandiug principal balance mider tl�e Note imu�cdiaCcly prior to forecloeure. No ofi'set or clairn wl�ioh IIorrower mighE havc now or in Che fuLure against Lander shall relieve Rorrowar finm ma1<ing payinents due u�tder the Note nud this Security Tnstrwnent or perf'orming the covenants and agreeroc��ts soc�trai by thi� Security Instrument. 2. AppliCation of Payments or Proceeds. F,xcept as oYl,crwiae descriUcd in$�is Scetion 2, all pa}nnonee accepted and applied by Lendor shall be applied in fhe following order of prioiity: (a}interest dne under the NoCC, (h)prineipal due under the Note; (c) �unounts due under SecCion 3. Such l�ayinants shall be applied to each Periodic Payment in the order in tvhich it became due. Any rem,aining amounts sludl bc applicd firsf to late charges, secotid to any othcr amom�Ys due under Chis Seciitity Insfrument, znd then to reclnoe the principal balance oP the Note. IF Lende��receivas a paymenh froin Borrower for a delinquent PeriadiaPayment which includes a suf'ficienY ainoimt to pay any lnte charge due, Yhe paynie�it mny ba at�plIed to the deliuquent payment�uid the late cha�ge. If nzore then one Pariodic Payineut is outsfanding, Lender inay a�3ply any paymcnf received from Borrower to the repa�yineirt of the Periodic Yayinonts if, and to thc oxCont Chat, each��2ymenC can be paici in fidl, To tlie extent tt�at any �xcess exists a�fter ehe pflyi�ent is applied to the fiill peyment of one or more Pcriodic Payme�iCs, such excess may Ue applied to �ury late chz�ges dua. Vohmtary prepayments shall Ue ��plied first Yo atry prspayment chaages and then as described iii the Notc. zaoaoaa� NEBRASKA-SingleFamlly-FannleMae7FreddieMacUNIFORM INSTRUMENT Form�30201l01 VM P� VM P6(NE)(1105) Woltere Kluwer Flnenolel3arNcas Page J of 7 9