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20120736i 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. �onower warrants and will defend generally the title to the Property against all c�aims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a 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. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower,shall also pay funds for Fscrow Items pursuant to Secrion 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. �Iowever, if any check or other instrument re.ceived by Lender as payment under the Note or this Security Instrument is returned to Le�der unpaid, Lender may require that any or all subsequent payments due undeP tt�e Note an@ this Security Instnunent be made in one or more of the following forms, as selected by Lender: (a) c�ash; (b) mottey order; (c) certified check, bank check, treasurer's check or cashier's check, provided auy such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or ent►ty; or (d) El�c�ronic Funds Transfer. Payments are deemed received by Lender whea received at the location designated in the Note or at such othes I�ioa as may be designated b}� Lender in accordance with the notice provisions in 5ection I5. Lendet may return any paymen� �r partiat Fayment if the gayment or parl�al payments are insufficier�t to brmg the Loan �urrent. I�n�ea' �eY �� Y Payment or partia� payment insr�fficieut to bring the Lo�n cutre�t, without waiver of any rights hereun�er ar grejudice to its rights to refuse such payment or partial payments in the future, but Lender is IIot abligated to agply such payments at the time such payments are accepted. If e,ach Periodic Pa.�rment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. F.ender �y hold such unapplied funds uatil Borrower makes payments to bring the Loan cuirent. If Borrower dOes not do so withia a reasonable periat of time, Lender shall either apply such funds or return t�em to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in ttte future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument o� performiug the covenants and agreements secured by this Security Tnstr�__Trr��rr+r, 2. A�pCcation of Payments or Proceeds. Except as otherwise described in this Se.ction 2, all payments acxepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principat 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 late 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 suff"icient 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 full. To the extent that any excess exists after the payment is applied to the full payment of one or more Perio�ic Payments, such excess may be applied to any late charges due. Votuntary prepayments sha11 be apglied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 VMP � VMP6WE) (1105) Wolters Kluwer Financial Services Page 4 of 17