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20�20�3G� 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 SECi3RITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variations by jurisdiction to consritute � uniform security instrument covering real property. Uniform Covenants. Bonower 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 afld any prepayment charges and late charges 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 instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender tmpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument he made in one or more of the foliowing forms, as selected by Lender: (al cash; (b) money order; (c) certified check, bank check, treasurer's che�k or cashier's che,ck, provided any such check is drawn upon an institurion whose deposits are insured by a federal agency, instnunentaiity, or e�ritg; or (d} Ele,ctronic Fuads Transfer. Payments are deem� received by �.ender when r�eived at the I�ation designated in the Note or at such other I�ation as may be desigaated. by Lender in accordance witi� the notice provisions in Secrion 15. F�,eaider may return any paymeat Q� partial paymern if the payme�ti os partiat payments are insufficient to bring the Loan current. �.e�der may ac�ept aay payment or gartiat paymeat insufF�ciern to bring tlie Loan current, witbont waiver of aay rig�ts hereunder or preJuciice to its �aghts to refuse such payment or p�rtial payments in the future, hut T,ender is not oblig�d to agply such payments at ttie time such payrnents are accepted. If each Periodic Payment is agplied as af its schedutecfi dve c�e, the�z L.ender neec� nat pay interest on unagplied funds. Lender may hold such unapplied funds untit �arrower makes pay�rcents to bring the Loan current. If Borrower does not do so within a reasonable �riod of time, Letcder shail either apply such funds or retum them to Borrower. If not applied earlier, such fimds will be applied to the outstaccding principal balance under the Note immediately prior to fore.closure. No offset or claim which Borrower might have now or in the future agaiffit Lencfier shall relieve Borrower from mataag payments due under the Note au� this Security Instrument or performing the covenants and agreemeIIts securect by this Security �nstrumeat. 2. �pplication of Payments or Praceeds. Except as othervvise described in tlus Section 2, all payments accepted and applied by Lender shall 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 shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to tate charges, second to any other amounts due under this Se�urity Instrument, and then to reduce the principal balance of the Note. If Lender receives a pagment from Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge 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 fu11. 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 chazges due. Voluntary prepayments sha11 be applied first to any prepayment chazges and then as described in the Note. NEBRASKA-Sing�e Family-Fannie Mae/Freddte Mac UNIFORM INSTRUMENT VMP Q Wolters Kluwer Financial Servicas Form 3028 7l01 VMP6INE) (1105) Page 4 of 17