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201201696 ]30RROW�R COVENANTS that Borrower ie lawfully seiseel c�f tl�e estate hereby couveyed and has the right to grant and couvcy the Property and tihat tlia Property is unencumhered, except fcor cn�cumbraAices of record. Borrower warranis wd will defcnd gonerally tve title to the Property againaC al1 olaiins and dc�nands, snbject to any encumbrnnces of record. TIIIS SIICURITY INSTRUMRN'C combines tiuu£orm covenants for nncional uee and non-wiiform covan�nts with limited variaCions byjurisdiction to consti1ute a.mvConn security instrument oove��ing rcal proper•ty. Uniform Covenants. Borrower and Lander covenant and agree as follows: 1, Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges, Borrower ehall pay whcn due the prnicipa] of', aud ii�terest on, the�debt evidenced by Che Noto aild any prepayment charges and ltite ch�uges due under the Nofe. Borrower shall also pay fuuds for Escrow Items pursuant to Scction 3. Payinents due mider the Note aud Yhie Security Inst�•ument shall be madc in U.S. currancy. However, iP any chccic or oEl�er inst�ument received by Lender as p�yment under the NoCo or thid Security Txtstrut�ent is returned to Lender impaid, Londer rnay reqnire that any or all subsequent payments c[ue under the Note end thia Seeuxity Inshvinent be mado in rnic or morc of tl�e following forms, as selected by Lei�ider: (a) caeh; (b)monoy order; (c) certified cheek, bank eheek, tre�sur�"d ehcek c�r cashier's checic, pirovided any such cl�eck is drawn upon zn institution whose deposits are insured by a federal agency, inshwne�itality, or entity; or(d)1;1ect�'onic Funds Trwsfex. P�tymouts are deemed received by Lender when receivecl at the Location designnCed in the Notc or at sucli other location as may be designated 6y Le��der in accordanca with Uie notice provieions in Seotion 15. T_,end�er inay ceta�n any payment or partial pnyment if Che paymenL or partial payments are insufficieat to bring tlic Loain cunent. Lender ma�y eccept any payment or partial pnyinent insuPficiont to bring the Loan cun•enl, witkiQUt waioet oP any rigl�ts hercundcr or prejudice to its iighYs to refuse such paytnent or parCiel pa}nneilts in the futuce, vut Lender is not obligaLed to apply such pa}nne�its at the time such paymenta nre accepted. If each PeriodiaPayment is applied as of its saheduled due dafu, tl�en Len<9er need not pay lutierest ou tinapp1ied funds. Lender may hold such uuepplied funda tmtil Borrower mt�(ces paymrn�ts to Uring the � Lozn cun�ent. if Borr�wer does not do so within a reasonable period of time, Lender ehnll eilher apply such fimds ar xeturn lhe�Co Bon�ower. If noti applicd earlier, snc7i ftmds will be appliul to the otitstanding piii�cipal 1�zlance under the Note immedinkely prior to �Poreclos�uro. No offset or claim which Rocrower might have now or iti Lhe fuCeire ag�inst Lcndor shall relieve Borrower�ti�om making pz�yments due nnder the Nole and this Secw'ity Snsh'utnenY or performing ehe oovenanfs and agrccn�cbts eecm ed by fliis Seow'ity Iiiatruuicnt. 2, Applieation of Paymants or Proeeeds. Except�e otherwise described in thie Section 2, a11 paymeuts acoepCed and applicd by Lcndcr shall be applied in the following order of prioxity: (a) interesf duo Lmdcr the Note; (b)prn�oipal due under Che Notic; (c) amounts due nnder Section 3. Such p�}nnents sh�ll be applied W eaeh Periodic Pnyment in the order in wlvch iC bccai��c duu. Ai�y remaining a�nounts she11 ba applied first to late cIiaa�ges, second to auy other aznounts due nndex fhis Seeurily Ineb�uuic,n�ti, and then to reduce 1'1�e principal balnnce of hhe Note. If Lender-receives a payment f�'om Borrower for a.delinqnent Periodio Pfl}nnent wlvch iiicludcs a suffiaient atnounh to pay any lafe chau�ge d��n, tl�o pnyinont map be applied to Y1ie delinquent pa}nnent anc�fhe lahe oharge. Pf inore than one Periodic Paymene ia oixLqknnding, Lendcr�nay app1y any�7ayinent recaived from Borrowor to tl�e repay�nent of the Periodic Pa�ymanYs if, nnd to�lie extent that, �oh ptiym�it cau be paid in fi41. To the extenk thaC any excces cziste�aftor the payinent is applied to tha$tll j�ayment ofbue or more Periodic Paymeuts, snoh excess may be npplied to any lato cl�argcs due, Voluntairy prepayinants shall be ap�lied first to auy prepayment chfuges and then�s desexibed 'ui Cho Note. sa000asa NEBRA9KA-6ingle Fanlly-Gannle Mae/FYeddle Maa ONIPORM INSTFUM GIT Fqfm 3026 1/04 VMP� VMP6(NF)(1105) Wolters Kluwer Finenclal6ervlces f'aqeA of 7!