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20120730� BORROWER COVENANTS that Borrower 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. Borrower 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 narional use and non-uniform covenants with limitect variations by jurisdiction to consritute a uniform security instrument covering real property. Ureiform Covenants. Borrower and Lender covenant and agree as follows: 1. Paymenfi o� Principal, {nterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay �t+heu due the principal of, and interest on, the debt evidenced by the Note and any prepayment chazges an� late charges due under the Note. Bonower shall also pay funds for Fscrow Items pursuant to Sectioa 3. Payments due under the Note and this Security Instruxnent shall tre made in U.S. currency. I�owever, if any check or other instniment received by Lender as payment under the Note or this Security �nstnimeat is retumed to Lenc�er un.paid, Lender may require that any or all subsequent payments due under tE�e l�c�te �d this 5ecurity iast�,meat be macte ia m�e or ffiore of the follo�g fcrrn�s, as selected by Lencfier: �a) �; (b) mcraey ordes; �c) c,e�Eift�i dseck, bank cFc�k, treasurer's chec& oF caslsier's chee&, provi� aay s�cfi e�k is drawn u� axe instiE�tion whctse deposits are � by a f�erat ageenccy, igstr�.meStatity, or entit3►; oF ��) IIectrciIIic �u�s '�'�sEes. Pa:ym�s are �ec� r�v� �y �.e�er wb� �eivec� at t�e lo�aoa �e.signateefi in the Note or at such ott� Foa�io�e as �y �ie c�sig�e.d Tayr � i�n �r�e witis tke ao�iee p�rvisior�s ffi�Ctior� �5. ��y � atl,�r PaY� or P� F�� F�Y� ag garti� gaym�nts are iasufficient to bring LEre i.o� curr�. L.entfier r�aY �� P�� F� �Y� �ci� to �riug the �.nan c�, v►+it�c�u� v¢r�iver of aa� aig�ets �reu�er Qr prej�ur�i6e to iUs �igFzts to re£vse such gayment os partiaF ��a � futr�re, bu� �er i� �� Ti�igate� tcr �g��r � gay�s at the ti�e such gayrments are aa�gte,c�. � eaeh Perioc�ie Pa� �s a�sg�ied as o€ ris sc�r�e�i c&te �, �Eee.�e I�.encfier � xm� pay i�t� o�c �ggYseefi fimds. F.eades �ay �dY� s��h unagg�iec� f�s t� �orro�er �kes gayme�Es to bring the �.oan current. If Borrowes �s aQ� do so within a reasonaTaYe perio� af time, �..eaciea sh�I either �Iy s�ch funds or return them to Borro�uvver. Zf �t applie,� earlier, s�a fvnds will be appliec� to the outstanc�ing gaineiga� batance under the N�t� immediately grior to for�tosege. No offset or claiffi wl�.ich B�rrower migFct b.�.�� xter�a at uY the fut�ce � F.egcfier sh�I� reEie�e ��r�.r� f� �g g�y�ttts c�ue uuder tt�e I�to�a; � t�iis �ity � crF gexform�g tfie c�rveaauts a� �S secure� ��r ti�is 5e�ft�r T�t. 2. Appli�ation of Payments or b'roe�eds. Except as otherwise �Eit� in this Sectioa 2, a1i pa�ments accepte.ci and applied by �.ender sS�aT1 be applied in the following order of priority: (a) iaterest due under t�e Note; (b) principal due under tiae Note; (c} amounts due under Section 3. Such payments shatt be applied to eacY� Periodic Payment in the order iu which it became due. Any remaining amounts shall lre applied fust to Iate charges, s�ond to any other amounts due under this Security Insttvment, and then to reduce the grincipal 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 chazge due, the payment may be applied to the delinquent payment and the late chazge. 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 fu11 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 chazges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (1105) Woltera Kluwer Financial Services Page 4 of 17