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201206723 F30RROWLR COVENANTS lhat Borrower is]awPti�lly seised of the estate hereby oonveyed and has fhc rigl�Y to granl and cor�vey tUe Property vid that the C'roperty is uuenoumhercKl, cxcept for encumUrances of reeord. Borirower wflrrants and will dcfond genera�lly the title Ya the Property against all claims and demauds, subjecP to ang encanbrances of record. THIS SECURITY IlVSTRUML+NT combitios uniform covenauCs for national use and non-uuiform cuvc;nants witli limited variations by jurisdiation to constihite n uniform security iush�mnent covering real prope��ty. Un�Form Covenants. Borrower and Lo��dc,r aovenant and agree as f'ollows: 7. Payment of Principal, Interest; Escrow Items, Prepayment Charges, and Late Charges. }3orrower 9ha11 pay when due Hie prn�cipal of, ar��i i'nterest on, the debt avidenoed by the Note nnd any�repayn�eut chacges and]atc char�;es due under the Note. Borrower sha11 alao pny fiinds for Lscrow items pLusuant to Section 3. P��+menCs due imcier 41�c�Noto und this Seew�ity Iush�mnant shall be mflde in U.S. ciu�roncy. T3owever, if'any oheck or other instr�mzen[received by Lemdc�•as pa}nne�rt timdar Ciie Note or this Security Ivetrument is returned to Lender unpaid, Lender may t equire tha[any or all subsec�uent payinents due undar the NoCe and this S�ourity [nstrmnent be made in ona or more of the following 2onn�, as sciccted by Lender: (a�) cnsh; (b)money order; (o) ccrfificd c1�ecic, bank check, treasurer's check or cflsluex's cheok, provided any auch ekeck is drawu u�on nn inatihifion whoso QcUosits arc insLu•eci Uy a Federal ageney, instrumentality, or antity; or(d)Electronic Puuds Transfer. Pa�ytnents tue deemed reoeived by Lender when reccivcd at tho location designateci in(1ie Note or at such other loca�tion as inay be desi�naYed by Lendet in accord�tnce with the notioe provisions in Section 15. Lencler rn�.y r�tut'n airy payment or partial payment if the payment�or pu•ti11 pa}nnents are insufflcient Co �ring the Loan curxent Zencier may accepk any payinenG or partial payrnei�t insnfficient fo bring tlie Loan current, witl�out waiver of any r'rgirts hereunder or pxejudice to its rights to xePuse sttch�rapnent or partial �ayinenCs in the futurc, but Leiider is not obligated to apply such paymenYs aY the tiine snch pn}nnents are accepted. If each Pexiodic Payment is applied as of iCs schululod duc date, the�x l.,ender need not pay interest on miappliecl ftmds. Lender m.�y hold euch unapplied fuuds witil Borrowe� malme paymu�ifs to Uring tUe Loan current. 1'f Borrower does noC do so within a reasoanble period of rime, Lender ai�all either apply such fimde or returu them to 13ortoWer. lf not ap�lied earlier, snch fmids will be applied ta the ontstianding principal baluioe under lhe Note imuicdiatcly prior Yo foreclosure. No offset or claiin which Borrower might havo now or in C1�e tutw•e against Lender shall relieve Borrower from making p�ymeuts due under lhe Notc twd Lhis Seoc�rity IneCrmnont or performing tlte covenantu and akn�eements seetu�ed by ihis Seourity Instxtunent. 2. Applica4ion o# Payments oe PYOCeed8. Sxoept ns otherwisa dasoribed in lhis ScoHon 2, a11 paymente ac;c:opted and applied Uy 1.ender shall Ue applied in the following order qf prioriky: (a) intereet due under tiie Nohe; (b)principal d��c uuder the Noto; {c) xn�onnts due mide�� Seotion 3. Such paymenEs ahell be�ppliecl to each Periodic Paym�nt in the order in whioh if becamo di�e. Any romainii�g�uiiounts�shall ba applied first to late ohaz•ges, aeeond to any other amounts due uncler [his Seourity H�sLruu�cmt, a7id t11en tn reduce the pxincipal bala�ice oF the Note. If'Lender recaives a payment fi�om Borrower for e delinquent Periodic Pnyinent which incl�idos a sufficient �tnount t�pay any late charge dne, tl�e payinent may be applied tio Uia delinquent pflymenC encl lhe late ohnrge. Sf inore thfu2 oiie Periodic Paytnanl is outstaiidi�ig,Lendcr may a�ply any paynaeni�received froxn Rorrowar to the ra�ayinent of the Pe.��iodic Payments if, und to the exten[t}iat, each payinci�t o�i�bc paid in Ildl. 'lb the oxtcnt tl�at any exce5s exists after the payinent is applied to the full payment of one or more Periodio Paynienta, snch excess mny 6e lpplied Co any lale chargos duc, Voluntary prepa5nnents sha11 ba applied tirst to any prepayineut charges and then ea described in the Note. sqooms NEBNASKA-Single Famlly-Fannle bl aelFretlrlle 61ac IlNlf-ORM WSTRUA7 ENT Form 3D28 1101 VM P O^ VM Pfi(NE)(1106) Wollers Kluw er Flnnnolal Services Page 4 of 7 9