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201207542 BOl2ROWElt COVSNANTS Hiat Borrower is ln�ufully seisecl of the estnte hereUy convoyed and has tha right to gr�nC nnd oonvey the Property aud that the Properdy is unencwnUered, excapt for enoumbrences of record. Barrower warrautis�uid will defend genarally tUo titlo Go the Properfy againet all clliv�a u�d demnnda, subject to auy enotinnbretnooe of rccord. THIS S�CLIRITY fNS"CKOMtiN'1' cn�nbines uniPorm covennuts £or national use�nd nou-uniform coveuants cvith limited vaxiations by jurisdiclion[o cons6itute a uniform security inatrument covering real propeity. UnifoYm Covenants. Borrower an$Lendcn'covenza�L and agree as Tollows: 1. Payment of principal, Interest, Escrow Items, F�repayment Charges, and Late Charges. Borrower ehall pay wheu dne the principal of, and intcrest on, ehe debt evidenoed by the Nota and any prepa}nnent charges and late ch�rges due undae tihe�Nnte. l3oi��ower ahall alsi�pay fuuds for L��crow I6en�s pursuanf to Seetion 3. Pay�nents dtite nuder tl�e Notc and fhis Seciuity Inst�ument shall be made in U.S. currency. � However, if any check or o[her instivment received by Lendar as payment uucier the Note or this Security Hletniment is returned to Lendai unpaid, Lender may requ�rc fl�at any or�t11 subseq�ient paymente due tmder the Note and{liis Sec�arity Insb'tiuuent bc�nado in one ot inore of the following Porme, ns selected by Le�ider: (a) cash; (U) monoy ordc:r; (c) cerhiCied clieck, bnnk ctieck, treasurer's etiecic or cashier's checic, provided any siich checic is diawn u��on an ias6tution tivhoee deposits are insured by a federal agency, inshumentality, or entity; or(d)L+leotronio Funds Tranafer. Pn}�me��ts aro dcemed reoeived by Lender wtlen rece'ived at the looa�tioii designated in the Note or at suah other locaCian ae may be designated by Lender iu accordanca with thc noticc�rovision� in See;lion 15. Leuder may rettiun uiy payment or partia1 payment if the payment or pertial payinents are insufficienf to Uein�;thc Loan currcnt. Lencler n�y 2coept aary p�ymenf or ptu�tial payment insuPFicienC�Co Uriug the Loan curren(�, witl�out wniver oP nuy righCs hareunder or prejudice to ity eights to refuse sucl�i pa�m7ent or pprii�l paynients in tha f'uture, bttt Iznd�'is not obligaticd to apply such payn�ients al Che time snch pa�yments nre acoepted. If euch Pcriociic Yayment is applied as o£its scheduled due date, then Lender need not pay interest on unapplied funds. Lender n��y hold such tuiapplied innde mitil Borrower malces paymenfs to Uring the Loau ourrent. If Borrower does not do so witkin a reasouaUle period of time, l,e��dar sl�all cither apply such &mda or rehun tihein to Borrowes. If not applied earlicr, such funds will he applied Co Che oufslanding principal balance�uider the�Note immcciiatcly prior Co foreclosure. No offset or olaim which Borrower might have now or in the futur�£tgninst Lander s'1�11 relieve Borrower from malcing payments d�ie under thc Nate wd Yhis Security Instrument or perPonning thc covcnruite and agreements secured by Chis Securily h�strumont. 2. Anplicatiori of Payments or Proceeds. �xcept ns otlierwise clescriUed in tliis Section 2, a11 paynxeuts aocepted and upplied by Lender sha11 be applied in tl�e folTowii�g order of priority: (a) inu%rest due�mdcr the Notie; (b)principal due unde�'the Notc; (c) avio�uita c{ne mider SecCion�. Suoh pn3nnentis shall be applied to oxc1�Pcrioclic PaymenC ii�lhe order in whioh it l�ecnme due. Any rem�ining nmounYs shall be applied first Yo late oharges, second Yo nny other tunounts due under this Security Iust�umenC, aud tlien to reduce fhe princip�l balence of Yhe Note. PP Lender reeeives a pp}nnent from Borrowar f`or a dalinquenC Periodic PaymenT which inclLides a suf'ficient amount tio pay any la�te charge dua, the}�a�nlent inay bo applied to tlic delinqucnC paymenl and tho late charge. If n�ote Nian one Periodic Payv�enC is outstandiug Lender may apply any p�yment received from Borrower to the re,payment of the Periodio Payments iP, and to the extient tUat, eaeh payment caai Ue paid in full. To flie extient fliat any excess exists aftcr tho paymont ie applic�W the full pz�ymenC oP une or more Periodio Payincnts, sucli exces�may Ue applied Co eny late charges due. Vohmtn�y prep�ymenta shall Ue applied 1"irst to any prepayment charges and then as descriUed in Che Note. � zqoozo�s NE9fdASKA-Single Fainily-Fannie Mae/Reclells M ac UNIPORM INSTRtlh1 ENT Form 3028 1/01 VM P� VM P3(NE)(1106) Wnita�s Kluwer Finenclal Se�Nces f n9e 4 of 17