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20i2oss4o BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction 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. Bonower 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 under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other insmament received by Lender as payment under the Note or this Security Instrument is returaed. to L,ender unpaid, Lender may require that any or all subsequent payments due under the Note an4t this Security Instr�ment be made in one or more af the following forms, as selected by Lender: (a) cash; (b} maney order; (c) certified check, bank check, treasures's che,ck or cashier's check, provided any such cheel� is dza.wtz ttpo� � iffitit�tion whose deposits are in.surecP by a federal agency, instrumentality, or entity; ar (d) IIeetrouic Fimds Trausfer. Payments aze deemed received by Lender when received at the Io�tion designated in the Note or at suc1� other Ioeation as may Ue �esigaated by Lender in acxordance with the notic� provisions in Secrion I5. �.ender rnay retur�s aay payment or partial payment if the payment or partial payments are insufficient to bring tbe I.oaa curre�. L,er�der ma� accept aity payment or partial ga� insv.fficient to brirtg the Laan currern, v�ithout vvaivea of aay rights hereuadei or prejudice to its rights to refase such pay�ent or gartial payments ia the f�e, bt�t F.�des is ac�t abIi�at� to a�gly such paym�.s at the time such payments are ar.eeptec�. �f e�t l'eri�ti� Fa�t is app�iec� as of its scheauted d� date, then Lencfier n�ct. not pay interest on unapplie� fu�s. �,ender may hoId such uua.ppiieri funds unti� Borrower makes payments to bring the I.oan current. If Bc�rrovver does not cto so within a reasonable geri� of ti,me, Lender shall either apgly such funds or return the� to Borrower. If not applied earlier, such funds wiil be applied to the outstanding principal bala� under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the f�tvre agai�,t Lender shall relieve Borrower from making payments due under the Note and this �ecurity IIIStrumen� or performing the covenants and agreements secured by tYris Security Instrument. 2. Applicatian of P$yments or Proceeds. Except as othervvise describect in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) priucipal due under the Note; (c) amounts due under Section 3. Such payments sha11 be applied to each Periodic Payment in the order in wluch it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under ttris 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 includ�s a sufficient amount to pay any Iate chuge 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 Bonower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess e�cists after the payment is applied to the full 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 prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mee/Freddte Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (1105) Walters Kluwer Flnancial Servic� Page 4 of 17