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201201755 BORROWER COVENANTS tLat Borrower is lawfully seised of the estate hereby conveyed and has the right w grant and convey the Property and that the Pruperty ls unencumbered, except For encumbrances of record. Borrower warrants and will defend generally the title to the Properry against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants far national use and non_uniform covenants with limited variations by jurisdic[ion to constitute a uniform security instrument covering real property, Unlform Covenants. Borrower aud Iznder covenant and agreE as follows: 1. Payment of Principal, Intarest, Escrow Items, Prepeymerrt Cherges, snd Lete Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and acry prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursusnt to Section 3. Payments due imder the Note and this Security Instrument shall be made in U.S. currency. However, iF any check or other instrument r�eived by Iender as payment under the IVote or this Security Insm�ment is rebuned to Iender unpaid, I.ender may require tLat any or all subsequent payments due under the Note and dris Security Ins��P„r y�made in one or more of the following forms, as selected by Lender: (a)cash; (b)money orda; (c)certified ch�k, bank check, treasiser's check or casUier's check,provided any such ch�k is drawn upon an institution whose deposits are insur�l by a federal agency, in.ctnimenTalil}', or enrity; or(d)II�tronic�nds Transfer. Payments are deemed r�eived by Lender when r�eived az the locazion designated in the Note or at such other location as may be designaTed by I.ender in accordance with the notice provisions in Section 15. Lender may return any payment or partiat payment if the payment or partiai payments aze insufficient to bring the Loan current. Lender may accept any payment or paztial payment insufficient to bring the Loan current, without waiver of any rights hereunda or prejudice to its rights to refuse such payment or paztial payments in the future,but Lender is not obligated to apply such payments at the time such payments ate accepted. If each Periodic Payment is applied as of izs scheduled due date,then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring[he Loan cunent. If Borrower does not do so within a reasonable period of time, I.ender shall either apply such funds or return them to Borrower. If not applied earlier, such fimds will be applial to the outstanding principal balance under the Nate immediately prior ta foreclosute. No offset or claim which Borrower might have now or in the future against I.ender shsll relieve Borrower from maldng payments due under the Note and dris Se�urity Instrument or performing the wvenants and agrcements s�ured by this Sec.vrity fnclnime.nt, 2. Application of PeymeMS or Procaeds. Except as othera�i�described in tlus Section 2, all payments accepted and applied by Lender shall be applied in tlie following arder of prioriry: (a)interest due under d�e Note; @)principal due under the Note; (c)ainounts due under Section 3. Such payments shall 6e applied to each Periodic Payment in the order in which it became due. Any remaining amounts sha11 be applied Srst to late charges, second to any other amounts due imder this S�uriry incrn„�,r„r, ��to r�uce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment wluch includes a suf6cient 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 Petiodic Payments if, and to the extent that, each payment can be paid in fiill. To the euent that any excess e�cists after the payment is applied to the full payment of one or more Periodic Payments, such ezcess may be applied to any late charges due. Voluntary pr�ayments shail be applied fust to any prepayment chazges and then as described in the Note. NEBNASKA-Single Femlly-Fennle MeelFretltlie Mec UNIFORM INSTfiUMENT Form 3028 1lOt ��P� VMPBINEI(7105�.00 Wahers Kluwer Flnenelel 6ervlwe Pepe4 of 17