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201207540 BORROWER COVEMANTS that Borrower is lawfully seised of the esta[e hereby conveyed and has the right to grant and convey the Property and that the Properry is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Proper[y against all claims and demands, subjec:t to any encumbranczs oF record. THIS SECURITY INSTRUMENT combines�miform covenants for national use and non-uniform Covenants with limited variazions by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Paymerrt of Principal, Interest, Escrow Items, Prepaymem Cherges, end Late Cherges. Borrower shall pay when due the principal of, and imerest on, the debt evidenced by the Note and any prepayment chazges and late charges due under the Note. Borrower shall also pay funds for Facrow Items purs�ant to Section 3. Payments due under the Note and this Security Iastrument shall be made in U.S. currency. However, if any check or other inshvmem r�eived by Lender as payment under the Note or tlus Security Instrument is retume�to Lender unpaid, Lender may require tliat any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following fornvs, as selected by Lender: (a) cash; (b)money order, (c) certified che�k, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or(d) Electronic Funds Transfer. Payments aze deemed received by Lender when r�eived at the location designazed in the Note or at such oWer location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial paymerit if the payment or partial paymerns aze insufficient to bring the Loan curre�t. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refi�se such payment or.partial payments in the future, but L.ender is not obligated to apply such payments at the time such payments aze accepte3. If each Periodic Payment is appli�as of its scheduled due date, then Lender nced not pay interest on unapplied funds. Lender may hold such unapplied funds untit Borrower makes payments to bring the I.oan current. If Bonower does not do so wi[hin a reasonable period of time, Lender shall either apply such fimds or retum[hem to Borrower. If no[applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to forecbsute. No offset or claim which Borrower might have now or in the future agaiast I.ender shall relieve Sorrower from maldng payments due under[he Note and this Se�urity Instmment or perfomvng the covenants and agreements secured by this Security Instrument. 2. Applicetion of Payments or Proceeds. Fxcept as otherwise descri6�in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of prioriry: (a)interest due under the Note; (b)principal due under the Note; (c)amounts due under Section 3. S�ch payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amoums shall be appli�first to late chazges, second to any other amoimts due under this Serurity Insm�ment, and then to��uce the principal balance of the Note. If I.ender receives a payment from Borrower 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&om Borrower to the repayment of the Periodic Payments if, and to the e�ent thaz, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the fiill paytnent of one or more Periodic Payments, such excess may be applied to any laze cbarges due. Voluntary prepaytnents shall be applied first to any prepayment charges and then as described in the Note. NEBPASKA-Siigle Family-Fanma Maeffretltlle Mac UNIFOPM INSTPUMEPoT Form 3028'I/01 �MP� VMP6ME)111051.00 Wolters Kluwer Financiel Servicea Paga 4 of 1]