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2012024 BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Propesty and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properiy against all claims and demands, subject to any encumbrances of record. THIS SECi�RITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdicrion to constitute a uniform security instnunent covering real property. Uniform Covenants. Borrower and Lender covenant and agr� as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Secrion 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrnment is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or caskier's check, provided any such ch�k is drav�+n upon an institurion whose deposits are insured by a federhl agency, instrumentality, or entity; or (d) Ele,ctronic Fimds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. �.ender ma.y return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. L.ender may accept any payment or paztial payment insufficient to bring the Loan current, without waiver of any rights hereuncter or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Paymeat is applied as of its scheduIed due date, then Lender neeci not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring ihe Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or retum them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender sha11 relieve Borrower from making payments due under the Note and this Security Instnunent or performing the covenauts and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender sha11 be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall he applied to each Periodic Payment in the order in which it became due. Any remaining aznounts shall be applied first to late charges, second to any other amounts due under this S�urity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient 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 Bonower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie MaelFreddfe Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Finandal Services Form 3028 1lO1 VMP6INE) (1105) Page 4 of 17