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20120�� 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 Iimited variations by jurisdiction to constitute a uniform security instrument covering real property. Unifarm Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, rnterest, Escrow Items, Prepayment Charg�s, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and. Iate cYiarges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Secrion 3. Payments due under the Note and this Security �istrumeat sYTatl be mac�e in U.S. curre�ccy. However, if any check or other instrnment received by I.ender as paymeat under the Note or tius Security Instr�ment is rettuned to Lender unpaid, bender may rec}uire that any or al,i subseguent payments due under the Note aa� �his Sec�Eity Instr�nsent � ma�e in one or more of the fQllo�visig forms, as sele,cte� h�+ Lender. f a) c�; f b) mouey, order; (c) certified ch�k, bank check, treasUr�r's �Eteck or c.ash.ier's check, pmvide,d aay s�h cheek is drawn upon � institutian whose deposits are i� By a federad agency, instrumentality, or erctity; or (d} IIectzonic Funds '�'ransfer. Pa�rments are c�eeme.d receive� hy �.ea� whea r�eived at the lo�atio� designated in the Note or at such other Iocatioa as may be designaEec� by �.ender ia accordance vvit�i � IIotiee gravisions in Seetioa �5. Lender may retura any payment or pa� gayment if the payment �t p� gayments are i�uff'cieat to br�ng the �.o�, current. Lender may ac�gt azcy payrne� or partiai pay�t i�sufficient to bring the �.oaat cuneat, vvitfiout v�taiver of any rights ��r prefudice ta its s�gF�ts tQ refus� such payme�t or partiaS paymeacts � ti�e future, �ut L,ender is � obligate� to apgly s�r gayrnercts at the time such p�yments are acc�pted. If e,a� Pericx�ic P�yment 'rs �gplied as of its scfieduled cfiue c�e, tfle� Lencter aee� not pay iuterest on v�applier� fvnds. Lender may fio�� s�r Zmagplied func�s ��agro� makes payments to b�ing the Loat� current. If Borrower does aot �o � withia a reasonable pesioe� of time, I.ender shall either apply sucla. fuads or return them to Borrower. If a�� applied earlier, �ch funds will be applied to the outstanding p�ipa:t balance under the Note �ely prior to forecloscfre. No offset ar claun which Borrower might have now or in the future aga� �der sh�it relieve Borrowes fmnz making payments due uader the Note anc� th.is Security Instr�teat or perforrniag the cowenants and a�ts secured by this �ecurity Tnstrument. 2. Application of Payments or Praceeds. Exc�pt as otherwise described in this �crion 2, all payments accepted anc� appliec� by Lender sI� be applied in the following orc�er of priority: (a) interest due vnder the Note; (b) prineipal due under the Note; (c) amounts due under Sectioa 3. Such payments shall be applied to each Periodic Payment in the order in which it be�ame due. Any remaining amounts shall be applied first to Iate charges, second 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 Borrower for a delinquent Periodic Payment which includes a sufficient atnount to pay any late chazge 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 � VMP6(NE) (7105) Woltars Kluwer Financial Services Page 4 of 17