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201206044 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 Property is uriencrunbered, except for cricumbruices of record. Borrower warrants and will defend generally the title to the Property against all clairas and dernands, sgat�ject to any encumbrances of record. THIS SECURITY INST]WMENT combines uniform covenants for national use and ron-uniform coveriants with limited variations by j urisdiction to constitute 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, Rorrower 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 pursuant to Section 3. Payments due tinder the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under- the Note or this Security Instrument is returned to Lender uripaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be inside 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 clieck is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received it 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 Loaii current. Lender may accept any 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 interest on unapplied funds, Lender may hold such unapplied fluids until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or retut a them to Borrower. If not applied earlier, s Lich hands will be applied to the outstanding principal balance Linder (he Note immediately prior to foreclosure. No offset or claim which Borrowef might have now or in the fature against Lender shall relieve Borrower from making payments due Linder the Note and this Security 11181111111ent or performing the covenants and agreements secured by this Security Instrument, Application of Payments or Proceeds, Fxcept as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due Linder the Note; (b) principal due tinder 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 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 aniount to pay any late charge 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 car) be paid in full, To (he extent tfiat any excess exists after the payment is applied to the Pull 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 laid then as described in the Note. NEBRASKA -Single Earn I ly-Fann1a Mae/Frefte Mac UN I FORM IN STRUM FNT 24001 311 VMP @ Farm 3028 1101 Waters Kluvocr Financial Services VMV6(NE) (110 5) Page 4 of 1