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20120338� BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variations by jurisdiction to consritute a uniform security insm�ment covering real property. Uniform Covenants. Borrower and Lender covenant and agree 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. Borrower shall also pay funds for Escrow Items pu.rsuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any ch�k or other instrument received by Lender as payment under the Note or this Se,curity Instrument is retumed 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 cashier's check, provided any such che,ck is drawn upon an institurion whose deposits are insured by a federal agency, instrumentaiity, or entity; or (d) Electronic Funds Trazisfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other locarion as may be designated by Lender in accordance with the norice provisions in Secrion 15. Lender may return az►y payffient or partial payment if the payment or partial payments are insufficient to bring the Loan current. �nder may accegt any payment or partial payment insufficient to bring the Loan cunent, without waiver of any righis hereuuder or preju�ice to its rights to refuse such payment or partial payments ic► the future, but T.egder is not obtigated to apply such payments at the time such payments are accepted. If �ch Perioc�ic Pa.yment is agpliec� as of its scheduled due date, then Lender need not pay interest on imapplied funds. I.ender anay hotd such unagplied funds vntil Borrower makes payments to bring the Loan current. If Borrower does not do so withiu a reasonable period of time, Le�der shall either apply such funds or retum them to Borrower. If not applied earlier, such fiuids will be applied to the outstanding principal balance under the Note immediately prior to foreclostire. No offset or claim which Borrower migY�t have now or in the future against Lender shatl reIieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instivment. 2. Application of Payments or Proceeds. Except as otherwise descril�ed in ttris Section 2, all payments accepted and applied by Lender shall 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 be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Se,curity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower 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 e�cists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (1105) Wolters Kluwer Financ[al Servfces Page 4 of 17 � i �y � . . , � � �