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20120�� BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Properly is unencumbered, except for encumbrances of record. Bonower 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 national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower 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 Fscrow Items pursuant to Secrion 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrumment 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 che,ck or cashier's check, provided any such check is drawn upon an insriturion whose deposits aze insured by a federal agency, instnunentality, or entity; or (d) IIectronic Funds Transfer. Payments are deemed r�eived by Lender when received at the l�tion designated in the Note or at such other I�tion as may be designated by Lender in accordance with the norice provisions in S�rion 15. Len�er may return azry payntent or paztial payment if the payment or partial paymerns are insufficient to bring the I.oan cuneat. Lender may accept any payment or paztial payment insu�cient to bring the Loan cunent, without waiver of any rights kereunder or prejudice to its rights to refuse such payment or partial payments ia tbe futiue, but �.ender is not obligated to apply such payments at the rime such payments are accegted. If eacl� Pericxiic Paymeat is applied as of its scheduled due date, then I.en�eer need not pay interest ort unapplieri fugc�s. Lenc�et may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower �Oes not do so within a reasonable period of time, Lender shall either apply such funds or return 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 aow or in the fiiture against Lender shall relieve Borrower from maldng payments due under the Note and tt�is Secu.rity Instruznent or performing the covenants and agreements secured by this Security Instrument. 2. l4pplecation of Payments or Proceeds. Except as otherwise described in this S�rion 2, all payments accepted and applied by Lender sha11 be applied in the following order of priority: (a) interest due under the Nate; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to eaeh 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 Security 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 charge. If more than one Periodic Payment is outstanding, Lender may apply any payment rec;eived 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 fu11 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-Sirtgle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Servlces Form 3028 1 /01 VMP6(NE) 11105) Page 4 ot 7 7 a , �V d � -e •R �.� _ ,