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201204597 but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including but not limited to, releasing and canceling this Security Instnunent. BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the rigl�t to grant and convey the Property and tl�at the Property is unencumbered, except for encumbrances of record Borrower warrants and will defend generally the tide to the Property against all claims and demands, subject to any encmnbrances of record. THIS SECURTI'Y INSTRUMENT combines uniform covenants for national use and non-uniform coveNants with limited variations by jurisdicdon to constitute a uniform security instnunent covering real property. iJNIFORM 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, die debt evidenced by tlre Note atul any prepayment charges and late cl�arges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under flie Note and Uus Security Instrument shall be made in U.S. currency. However, if any chack or other instnunent received by Lender as payment under the Note or tlus Security Instru�nt is retur�d to Lender unpaid, Lender may rrequire that any or all subsequent payments due under tl�e Note a�l this Security Inswment be rnade in one or more of flie following forms, as selected by Lender: (a) cash; (b) money order. (c) certified check, bank check treasurer's check or casluer's check provided any such check is drawn upon an insritution whose deposits are insured by a federal agenc,y, instrumentality, or entity; or (d) Electronic Funds 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. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept arry payment or partial payment insufficient to bring the Loan current, without 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 accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay ir�erest on u�pplied funds. Lender may hold such unapplied funds un61 Borrower makes payment to bring the Loan current. If Borrower does not do so witlun a reasonable period of time, Lender sl�all 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 miglrt have now or in the future against Lender shall relieve Bornower from making payments due under the Note and this Security Instrument or perfornung the covenants and agreements secured by tlus Security Instrument. 2. Application of Payments or Proceeds. E�cept as otherwise described in tlus Section 2, all payments accepted and applied b_y Lender sl�all 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 wluch it became due. Am� remaining amounts sl�all be applied first to late charges, second to any other amounts due under tlus Security It�swment, and then to reduce the principal bala�e of tl� Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suff'icient amount to pay an,y late charge due, the payment may be applied to the delinquent payment and the late cliarge. If more tl�an one Periodic Payment is outstanding. Lender ma,y apply any payment received from Borrower to the repaymert of the Periodic Payments if, and to the extent tl�at. each payment can be paid in full. To tlie estent tl�at any e�cess exists after the payrnent is applied to the full payment of one or more Periodic Payments, such e�cess may be applied to at►y late charges due. Voluntaiy prepayments sl�all be applied f'ust to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not eYtend or postpone the due date, or change the amount, of die Periodic Payments. 3. Funds for E�row Items. Borrower sl�all pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in fiill, a sum (the "Funds") to provide for payment of amounts due for: (a) tal+es NEBRASKA—Single Family—Fannie Mae/Freddie Mnc UNIFORM INSTRUMEN'P Form 30281/Ol NEBRASKA-MERS OreatDow"' ITEM 2698L4 (072811) (Pege 4 of 15)