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201206256 BORIZOWER COVENANTS that Boxrower is Inwfiilly seised of fhe estate hereby convcycd and han tho right to g�ant and convey tlie Property and that the Property is unenctunbered, except far encnmbr�nczs oP record. Boirower warr�nts and will dcfend generally the title to the Property against all claims and deinands, subjecY to �siy encumbrances of record. THTS SLCiJRITY INSTRUM�NT combin�wii Corm eovcmanls fc�r national Luse and iion-LtniPorm covenaAits with limited variations l�y jm�isciicUon to oonstifufe a uni�Porm securilq ii2strun�ent covcrin�;rcal property. Unifc�rm Covenants. Borrowcr and Lcndcr u�vcnant and agrco as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charnes. Aorrower shall p�y when due the principal aP, nnd ii�Ceresl on, Che debt eviclenced by thc Notc and any prcpaymcnt charges and late cl�atges due nnder the Note. I3ort�ower shall also pay funds For Eaerow ICems pursuurt to Section 3. PaymenCs dtite under Che Note�nd 6his Seei�riCy Instcun�enC ehall be made in U.S, cun ency. However, if any check or other instrument received by Lender as payment uucler the Note or this Security Instrtunant is retm'ned to Lendei mipaid, Lender may require tli�tt any or a11 suUsequent pe}nnents due tmder � the Noia and tl�is Secmity Instrumont be made in ottc or tnore of fl�c followiitg formsy as selected by I.eoder: (a)caeh; (b)moncy ordcr; (c) cerliCicd checic, bank chcok, 6reasiu�er's oheck or caehier's che cl<, provided an� euch check is drac�m upon an inslitution whose depasits are insuxed by a federal ageuoy, insttuuzentalidy, or entity; ar (d)Electronie I+unds Transfer. Payment�s �re deen2ed reoeived by Lencier when received at the location designatecl in the Note or et such other location as may Ue desigiu�ted by Lender in accorda�ice wiUi tlie noCice provisions in Section 15. Lender�nay rehtrn etny payme�rt or parria1 payment if tl�e pttyment��or partictl pa�y�ncnh are insufficicnti to bring the Lou�oi�rrenf. Lender ii�ay accept any paymenC or partial pnyinent iusufficient to bring the Loau curxent,witliout waiver of any rights hereunder or t�rejudioe to its rightg to refuse such paymant or partial paymenCs in the future, but Lender is not obligated t�o apply such payments at the time such payme��t� arc accapted. ,If cacl� Vcrit�dic Yayinonti is appliod as aF iCs eeheduled due dalo, Shen Lender need voti pay inlsrest pn anapplied Piuids. I,ender may hold such nnnpplied fimds imtil Barrower make,9 pnyments to bring the Lonn ourreut. If Borrowex does not do sa within a reasonable period af time, Lender shall either apply such fiuids or return tiiem to Borrower. If not apl�lied earlier, such fimds will be applied to 17ie outstat�ding principal balance tiinder tlte Nbte iinmedietely prior to forcclosurc. Nn offect or clxir�i wl�ich Borr�wer n�ight hflue now oL in the fuCw e againsE Lender sha11 reliave Borrower f��om malcing paymenCs dne uncler the Note und this Security 6istir�ument or performing ti�c covcmanie �nd lgreen�cnte secured by thih Sccurity InafnnuenC. 2. Application oP Payments or Proeeeds. Except es o�lierwise deacrived in this Section 2, �ll payments �ceepted and applied by Lander ehall be applied in the following arder of piioriCy: (a)Interest due midex fhe Note; (b)peincipal dtiie under t7�e Note; (c) amour�ts citie undcr Scc�inr� 3. Such pxyments shall be appl'rod to cac1�7'eriodic Payr�ient in the ordcv' in wl�ich iC bectune due. Any remauilng anlounCe shall be applied�Cirst fo I1I�oharges, second to any other nmoimts due nnder tt�is Security Instrument, vid then to xeduoe the principnl balance of the Note. If Lencier reoeives a payment from Borrower for a delinquent Periodie Payment which includes a sufficient vnounti to pay any laSe claarge due, the payment may Ue applied to tUa delinquenf payment aAid tl�e late chaige. [f morc tl�an onc Pcriodic Yayment is ou6�sCanding, Lencler in2y apply any paynienl eeceived fi�om Borrowex to the repayment of the Periodic Pnyments if, end to the extenC th�t, each paymont can l�e paid in f'ull. To the extenti lhat any exceas exists afCer the pa3mient is applied to tha full payment of ona or mora I'eriodic Y�gme�tts, such cxccss mtty bc applied to any 12fe chnrges due. VoluuCary preplymcnt�shal]be� applicd firsC Co any prepayment oliarges�pnd then ns descxibed in the Note. znoatsaz NEBRASKA-SingleFamily-FannieblaelFreddlo M.io UNIFORh7 INSTRUMf-M Porm 367.0 1701 VM P p VIvtPO(NE)(11061 Wniterx I(luwar Flnanclal5ervlcex Page 4 of 17