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201206748 BORROWER COVEN_ANTS that 13orrower is lawfully seised of the estate hereby conveyed and has the right to �-ant artd conve5=the Property�nd that thc ProperE}=is unenciunbered, except tor encumbrances of recnrcL Borrower warrants and will defend generally the ri1e to flie Property againsf all claims and danands, subject to any encum$rances of record. THIS SECLTRTTY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform securiry ul,mxment covering real property. Uniform Covenants. Borrower and Lendcr eovenant and agree as Follows: 7. Payment of PrinCipal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 pay when due flie principal of, and interest on, thz debt evidenced by the Note and any prepayment charges and late chazges due under the Note. I3orrower shall also pay fwzds for Escrow Items pursuanf to SecEion 3. Payuiients due under the Note and tUis $ecurity Inshvment sha11 be made in U.S. cuerency. However, if any check ox other instrumeat received by Lender as paymenT:under the Note or this 9ecurity Instrumenf is xeturned to Lender unpaid, Lender may require that any ox all subsequent paymeffis due Lmder the�Iote and ttus Secutity Iusfnun�nt be made in one or moze of the followiug forms, as selected by Lendex: (a) cash; (b)money order; (c) certified el3eck, bank pheck, tzeasuier's check or cashier s check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entiry; or(d)Electronie Funds Txansfer. Payments are deemed receiced by Lender whcn received at the location designated in the Note or at such other laeation as may be desi�ated Uy Lender in aceordance with the notice provisions in Sectlon 15. i,cnder may retum any paymeist or partial pa}nnent if the payment ar paztial payments are insuti-icient io bring the Loan current Lender may accept any payment or partitil payment insufficient io bring the Loan c�axent, wrthout waiver of azry sigJlts hereuuder or grejudice to its righG to zefuse such payment or partial payinents in the fuiiue, but Lender is no4 obligated to apply su�h payments at the rime such payments aze aecepted. If each Periodic Yayment Is applied as of its scheduled dee date, then Lender neAd not pay interest on unapplied funds. Lender may hold such unapplied funds unTil Bonower inakes payments to bring the Loan cturent. If Borrower does not do so witlun a reasonable period of time, Lender shall either apply such funds or rchun them to Borrower. If not a�plied earlier, such fimds will be applied to the outstanding principal balance under Lhe Note imincdiately prior to foreclosure. No offset or claim which Barrower might havc now or in the future against Lender shall relieve Borrowcr from malcing payments due under the Notc and this Securitv Instrnment or perfom�uig tfie cover.anis and agreements secured by this Security Insirume.nt 2. Aj�plication of Payments or Proceeds. Exccpt ati ntherwise described in this Section 2, all payments accepted ancl applied by Lender slxall Ue applied in tl�e following order of priorily (x) interest due undec the Note; (b)prinespal due under the Note; (c)unounts due nnder Section 3. Such payments �hall be applied to each Periodic Payment in tlie order in wkuch it became due. Any remaining amouiit�shall bz applied first to late charges, second to any other amoimts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payuient from Borrower for a delinqucnt Periodic Fayment which includes a sufficient amQunt W pay any late enazge duc, flie payment may be applied to tha delinquent payrnent and the late charge. If more than one Periodic Pa�nent is oulsfanding Lender may apply any payment received from Borrpwer to the repayment of the Periodic Payinents if; and io the extent fhat, each pay�nent can be pa�id in fu1L To the extent that any excess�ists after the paymeat is applied tc�the fuli payment of oue or more Periodie Payments, such excess may be appfied to any late charges due. Volun�ry�repayinents sha11 be applicd first to any prepayment charges and then as described in the Note. zaoonea NEBRASKASinqle Farz�ily-Fannie M ze�Freddie Afi ao U W FO�M INSTRO M11 ENT Form 3028 1l01 VM P� VM P6(NE)(1 tOS) lM1'opers Kluwer Financlal Serviczs Page 4 oi t]