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20�2040�� BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property 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 national use and non-uniform covenants with limited variations by jurisdicrion to consritute a uniform security instrument 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. 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. Bonower shall also pay funds for F.scrow Items pursuant to Secrion 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 Security 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 sele,cted by Lender: (a) cash; (b) money order; (c) certified check, bank ch�k, treasurer's check or cashier's check, provide� any such check is drawn upon an insriturion whose deposits are insured by a federal agency, instivmentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when r�eived at the locarion designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Secrion 15. I.eader ma.y retum any payment or partial payment if the payment or partial payments are insufficient to briag the Loan current. Lender may acxept any payinent or partial payment insufficient to bring the Loan cuFrent, vvithout waiver of any rights hereunder 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 a�epted. ff each Perioci�ic Payment is applied as of its scheduled due date, then Lender need not pay interest on t�apglied fimds. Lender may hold such unapplied fimds imtil Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender sha11 either apply such fimds or return them to Borrower. If not appli�l earlier, sucfi funds will be applied to the outstanding principal balance under the Note immediately prior to for�losure. No offset or claim which Borrower might have �w or in the future against �ader shalt relieve �orrovver from making payments due under the Note and this Se�urity Tn�ru�ent or gerforming the covenants and agr�ments se�ured by this Security Instrument. 2. Applieation of Payments or Proceeds. Except as otherwise describeci in this Section 2, all payments accepted and applie� by I�nder 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, se,cond 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 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 exists 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 1l01 VMP Q VMP6INE) 17105) Wolters Kluwer Finencfal Services Page 4 of 17