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201206710 BORRO�VER COVENANPS that Borrower is law�fully seised of the estate hereby conveyed and has the right to grant and convey the ProperLy and that the Property is unencumbered, except for encwn6rances of record. Bonower warrants and will defend genecally thc title to the Property against a11 alaims and dem�ds, Subject to any encumUranees of record. THIS SECURITY INSTRUMENT combincs uniform covenants for nalional use and non-uniforn�covenants w�th limited variations by jtlrisdiction to eonsCitute a uniform security instrivnent covering real pcoperty. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. I3orrower shall pay u�hen due the principal of. aed interest on, the debt evidenced by the Note and any prepayrnent charges and late chazges due under the Note. Borro�ver shall ai�o pay fiinds for Fscroiv Iteans pursuant to Scerion 3. Pa}nnents due under the Note and this Sccurity Instnunent shall be made in U.S. currency. FIoweeei, if any check or ofher instrumeat teceivecl by T.ender as payment under the Note or this Security Instn-rsnent is reLumed to T.ender mipaid, Lender may requue that�y or all subsequent paymenCs due under the IQote and this Security Instrument be made in one or more of the following fonns, as selected by Lender: (a) cash; (b)money order; (c) certifred check, bank check, treasurer's cfieck or cashier's chzek, provided any such check is drawn npon an institutlon whose deposits are insured by a federal agency, instrumentality, or entity; or(d)Electronic Funds Transfcr. Payxnents are deemed recei�red by Lender when receivcd at the location designated in the IvoYe or at such other location as may be designated by Le�der ui accordance with the aotice provisions in Seeuon 15. Lender may retwn any payment or parri2l payment if the payment or partial payments are insufficient to bring the Loan current Lender may aecept any paymeni or partial payment insufficient to bring the Loan current, without waiver of any rights hereimder or prejuciice to its rig$ts to refuse such payment or partial payments in the future, but Lender is not obligated to a�yly such payinents at the tune such payments aze accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay int€rest on unapplied funds. I.ender may liold such unapplied funds until Borrower makes payments to bring the I oan current. If Borrower does not do so within a rcasonable period of time, Lender shall either apply such fiands or return them to Borrower. If not applied earlier, such funds ti��ill Ue applied to the outstanding principal6alauce under the Note unmediatcly prior to fareclosure. No offset or claim whieh Borrower nught have now or in the future against Lender shall relieve Borrower froxn making paymenis due under the Noie and this Secufity lastrument or pciforming flie covenants and agreements secured b9 this Securiry Instrument. 2. Application of Payments or Proceeds. Except as otlierwise described in this Section 2, all payinents accepted and applied by Lender shall be applied in the following orda of griority: (a) inrerest d'ue uudei tlie Note; (b)principal due under ihe Note; (c) amounts due under Section 3. Such payments shall be applied tb each Periodic Payment ixi the order in which it became due. Any reinaining amounts shall be applied first to latc charges, second to any other amounts due under this Security Instrvment, and Ihen to reduce tlie principal balance of the No[e. If Lender reeeives a gdyment from Boaower for a del'mquent Pcziodic Payment�vhich includes a sufficient amount to pay any late cliazge due, the paymenE may be applied fo the delinquent payment an3 the late charge. If more than one Periodic Payment is outstanding, Lcnder may apply any payment received from Rorrower To The repaymenT of the Periodic Paymenfs if, and to the extenf that, each payinent can be gaid in ful1. To the e�tent that an�excess exisLs aftei the payinent is applied to fhe full payment o£one ox more Periodie Paymen.ts, such e�cess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as describcd in the Note_ NEBRFSKA-Sin le Famil -Fannle idaelFreCtlie Nlac UNIFORNI INSTRUM ENT 24�01�6] VNP@ 9 Y VNP6(NE)(1105) V.�oitxrs Kluwer inanoial Services Pzge4 of 1]