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20120�009 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. Bortower warrants and will defend generally the ritle to the Property against all claims and demands, subject to any encumbrances of rec;ord. THIS 5ECURTTY INSTRUMENT combines uniform covenants for narional 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 chazges due under the Note. Bonower 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 instniment r�:eived by I.ender as payment under the iVote or this S�urity Instr�ment is retumed to Lender uupaid, I.ender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as sel�ted by Lender: (a) cas� �} 3IIOIIC�+ OI(�F; (c) certifieci che�k, bank check, treasurer's check or cashier's che.ck, provided any such che.ck is drawn upon an institution whose deposits are insured by a federai agency, instrumentality, or e�eticy; or (d) IIectronic Funcis Tr�sfer. Pay�ents are d�med r�eivec� by Lender when received. at the location designated in the Note or at such other Ioc�ia� as may ire des�gitated b� �c�er in acxordance with ti�e notice provisioas in Section I5. � may return any paymen� � garcia� pa�rment if the gaymet�t oa gartia� payments ase insuffcient to briag the �an �. Lender may acc.�� any pa}+�ent or pa�tra� gaymeat iasufficient to bring the Loan cVaceIIt, witfiout waiver of azcy rights herezmder or prejudic� to its rigfiEs to refuse such payment or partial pa�ts iae the £vxUre, but L�c�r is aot abligatecE to apply s�cfi payments at the time sucfi payments are accegted. �f each Peric�dic I�ayme�ct is aggZied as o€ nts sched�ed due �te, tfien Lencter need not pay interest Qn tmapplied fvads. Lender may �ie�e� such un�pg�ied fuuds u�iII �orro�+er makes payments to bring the Loan cutrent. If Bortower dces aot do so within a reasonable petiod of ti�e, l.ender shall either apply such funds or retzua, them to Borrower. If nat applied earlier, sucl� fiuids will be applied to the outstanding prineipai balaace under the Note imm�iiately prior to foreclasvre. No offset or claim which Borrower might ha.ve now or i� the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or gerforming tfie covenants attd a�ents se,cvred by tius Security Instniment. � 2. Application of Payments or Proceeds. Except as otherwise c�escribed in this Section 2, all payments accepted and applied by Lender shatl 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 payments sha11 be applied to each Periodic Payment in the order in which it hecame due. Any remaining amounts shall be applied first to late charges, s�ond to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late 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 Borrower 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 exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP Q VMP6(NE) (1105) Wolters Kluwer Financial Servicas Page 4 of 17