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201206538 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and thaz the Property is unencumbered, except for encumbrances of record. Borrower warraz�ts and will defend generally the title ro the Property agaiast all claims and demands, subjec[to any encumbrances of record. 7'[-IIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variations by jurisdic[ion to constimte a uniform se�urity 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. Borrower shall pay when due the principal of, and interes[on, the debt evidenced by the Note and any prepayment chazges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and t6is 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 returned to Lender unpaid, Lender may require that any or all subsequent payments due under We No�e and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (h)money order; (c)certiYied check, bank check, treasurer's check or cashiei s check, provided any such check is drawn upon an insdrurion whose deposits are insured by a federal agency, iastrumentality, or entity; or(d) Electronic Funds Transfer. Payments aze d�med received by Lender when received az the location designazed in the Note or at such other location as may be designated by Lender in accordance with ihe notice provisions in Secrion 15. Lender may retum any paymern or partial payment if the paymen[or partial pay�nts aze insufficient to bring the Loan 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 furure, but Lender is not o6ligated to apply such payments at the time such payments are accepted. If each Periodic Paymen[ is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds untIl Borrower makes payments to bring the Loan curren[. If Borrower does not do so within 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 balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the fu[ure against Lender shall relieve Borrower from maldng payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Securiry Instruwent. 2. Application of Payments or Proceeds, Except as otherwise described in dus Section 2, all paymems accepted and applied by Lender 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 paymen[s shall be applied to each Periodic Payment in the otder in which it became due. Any remaining amounts shall be applied first to late chazges, second to any other amounts due under[his 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 laze chazge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstazuling, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent Wat, each payment can be paid in full. To the extent that any excess exists afrer the payment is applied ro the fiill payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepaymen[chazges and then as described in the Note. NEBHASKA-Single Family-Pannie Mae/Fredtlie Mac UNIFOFM INSTfll1MENT Form 3028 1101 V MP� VMP6(NE)�i t 06�.00 Wol[ere Kluwer Finanual Services paAa q��