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201207510 BORRO�VER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to �rant and coavey thc Properry and that the Property is unencumbered, cxcept for enciunbrances of reeord. Bonower warrants and will defend generally the�title to the Property against all claims and demands, subject to any encuuiUrances of record. THIS SECL1tITY INSTRUMENT combines imiform covenan[s for national use and non-uniform covenauts wirh limited variations byjuriscliction to constitute a unifonn security uvtrument covering rcal propzrty. Uniform Covenants. Borro�er and Lcnder covenant and a�ee as follows: 1. Payment of Principai, Inferest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shaIl pay when due the principal o£, and inYerest qn, the debt evidenced by the Note and anq pcepayweut charges and late chazges flue under the Nota. Borrower shall also pay funds fox Escrow Items p�snant ta Seciion 3, Payments due under fhe Note and this Security Inshument 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 [nstnunent is retumed to Lender unpaid, Lender may require that any or all subsequent payinents due under the Note and this Security Instrument be mac�e in one or more of the following forms, as selecCed by Lender: (a) cash; (b)money order; (c) certified check bank checl�, treasurer s check or cashier's check, provided any such check is dra��n upon an institutiou whose deposi[s arc insured by a iederal agency, insirumentality, or entity, oi(d)Electronic FLmds Transfer. Payments ue deemed received.by Lcnder when received at die]ocation designated in the Note or at such other location as may be desi�mated by Lender in accordance with the noiice provisiomc in Section 15. Lender may rehmi any payxnent or pariial payinent if the payment or partial payinents are insufficient to Uring the I,oan currenC Lender may accept any payment or parLial payment insufFicient to bring the Loan cLurent, without waiver of any rights hereuncler or prejudice to its rights to refuSe such payinent or paztial payment,in the future, but I,ender is not obligated To apply such payments at the time such payments aze accepted. If each Periodic Paymenf is applied as of its seheduled due daYe, then Lender need nof pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring [he Loan current If Borrower does not do so within a rcasonaUle period of time, Lender shall either apply such fuads or return them to Borrower. If not applied earlier, such funds R�ill be applied to the outst�ding principal balance under tlae Note immediately prior to foreclo$ure. l�To off,ek or claim which Borrower might haue now or in the future against Lender slaall relieve Borrower fram inakin,g payments due under the Note and this Security InsLn:unent or perfoiming the covenants and ageeinents secured by this SecLu-ity Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this SecCion 2, a11 payments accepted aud applied by Lendei-�laall bc applied in the followiug ordei of priority: (a)interest due under the Note, (b)principal duc under the I�Tote; (c) amounts due under Section 3. Sucfi payuients shall Ue applied to each Periodic Payment in the order in which it became due. Any rcinaining amounLs shall be applied first to late cl�arges. second to any other amolmts due under this Security Instrument, and then Co reduce the principal balance of the Note. If Lender receives a�ayuient from Borxower for a delinquent Periodic Payment which.�ncludes a sufficient amount to pay any late eflal-ge due, the payment may be applied to the delinquent payment and the late chatge. If more[han onc Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the xepayment of Ehe Periodio Payments if aud to fl�e extent that, each yagznent can be paid in full. To the estent that any exce99 e�sts ailer the payment is applted m the full payment of one or more Pexiodic Paymenls, �such excess may be applled to any late eharges due. Voluntary prcpaymeuts shall be applied fast to any prepayment cl�arges and thcn as described in the Note. zsco2ese N�RASKASingle Fzmlly-Fanni2 M aelFreatlie M ac UNI W R�A :NSTRUM EN' Form 3028'1/01 V M P� V M PB(NE)ft i Q5) W olters Kluw er Financiel.Servicss Pags 4 0'1]