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201205280 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and corne,y the Property and that the Property is unencumbered, escept for encumbrances of record. Borrowcr warrants and will dcfcnd gcncrally thc titic to thc Property against all claims and dcmands, subjcct to any encumbrances of record. TH1S SECURITY 1NSTRUMENT combines uiuform covenants for national use and non-uniform covenanls with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants.Borrower and Lender covenant and agree as follows: Paymentof Principal,lnterest, Escrowltems, PrepaymentCharges,andLateCharges.Borro�ver shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late cl�arges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Scction 3. Paymcnts duc undcr thc Notc and this Sccurity Instrumcnt shall bc madc in U.S. currcncy. However, if any check or other instntment received by Lender as payment under the Note or this Security_ lnstnunent is returned lo Lender unpaid, Lender mav require tlk�t any or all subsequent payments due under the Note and this Securily Inslrument be made in one or more oP the folloH�ing 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 check is drawn upon an institution whose deposits are insured by' a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Paymenu are deemed received by Lender when received at the location designated in the Note or at such othcr location as may bc dcsignatcd by Lcndcr in accordancc with thc noticc provisions in Scction 15. Lender may return any payment or partial payment if the payment or partial payments are insuf�cient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, wilhoul waiver of any rights hereunder or prejudice to its rights to refuse such paymenl or pariial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Pavment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Bonower makes payments to bring the Loan cunent. If Borrower does not do so witlun 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 balancc undcr thc Notc immcdiatcly prior to forcclosurc. No offsct or claim which Borrowcr might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfomung the covenants and agreements secured by this Security lnstrument. 2. Applicationof Paymentsor Proceeds.E�cept as othenvise described in this Section 2, all payments accepted and applied by Lender shall be applied in Uie following order of priority: (a) interest due under tlie Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments st�all be applied to eacli Periodic Pavment in the order in which it became due. Am� remaining amounts shall be applied first to late charges, second to any other amounts due under tlus Security Instrument, and then to reduce the principal balancc of thc Notc. If Lender receives a pa,yment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied lo the delinquent payment and the lale charge. If more khan one Periodic Payment is outstanding, Lender may apply arn' payment received from Borrower to the repayment of the Periodic Payments if, and to the e�tent that, each payment can be paid in full. To the e�tent that any e�cess e�ists after the payment is applied to the full payment of one or more Periodic Payments, such escess may be applied to an}� late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMPB(NE� (1105).00 Wolters Kluwer Financial Services Pa9e 4°f ��