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201207612 BOT2ROWER COVENANTS that Borsower is lawfully selsed af the estate hereby conveyed and has the right to grant and convey the Property and that the Properry is unencumbered, except for encumbrances of record. Borrower warxants and a�ll defend generally the title to tkie Prqperty against all claims and demands, subj ect to airy encumbrances of record. THIS SECLJRITY INSTRiJIv1ENT com6ines wuform covenants for naCional use and non-uniform covenants with limiYed variations by jurisdiction to constitute a uniform security Instrument cqvering real properiy. Uniform Covenants. Borrower and Lender covenant and agree as follo�vs: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonowcr sli.all pay when due the principal of and interest on, the debt evidenced by the Note and any prepayment charges and late cliargcs due under the Note. Borrower shall also pay funds fox Escrow Ifeins pursuant to Secrion 3. Payments due under thc Note and this Security Inshwnent shall be made in U.S.. currency. However, if any check or other instrument rcceived by Lender as payment�mder the Note or tlus Security Tnstrument is returned to Lendex unpaid, Lender may require�hat any ox all subsequent pa}anents due uader the Note and this Securitq Instrument be made in one or more of the following forins, as seiected by Lender: (a) cash; (b)money order; (c) certified eheck, bank check, treasurer's check or cashier`s check, provided any such check is drawn upon au institution whose deposits are insured by a federal.agency, instnunentaliry, or entity; or(d)Electconic Funds Tr�sfer. Payments are deemed received by Lender wher�received at the Iocation designated in the Note or at sneh othez location as may be desia iated by Lendex in accordance with LTie notice provisions m Secfion 15. Lender may xehun any payment or pu-tial payment if the payment ar paztial pa}nnents are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient lo hring the Loan current, without��aiver of any rights hereunder or prejudice to its rights to refuse such payment or paztial pa}�ments in Yhe future, buC Lznder is not obligated to apply such payments at the timc sucit payments are aeccpted if eacl�Periodic Payment is apglied as of its scheduled due date, then Lend�need not pay interest on unapplied funds. Lender may hold such unapplied fiixids until Borrower makes paymet�ts to bring the Loan cu�ent. If Borrower d0es not do so wtthtn a reasonabla period of time, Lender sha11 either zpply such funds or return them to Boirowev If uot applied earlier, snch fimds will lae applied to the outstanding principal balance under the Note iunnediately prior to foreciosurc. No affset or claim whi,elz Botrower uught have now ar in the fuhae against Lender shall relieve So�ower from uialdng payments due under the Note and this Security Instrument or performino the covenantis and agreements secured by this Security Inshwnent. 2. Application of Payments or Proceeds. E4cept as otherwise described in this Section 2, all payinents accepted and applied by Lender shrall bc applicd in thc following order of priority: (a)interest due under the N'ote; (b)pri�cipal due nnder the Note; (c) a.mountS due vader Section 3. Such�ayments shall be appliedto each Periodic Paymeat in the order in wlrich it hecaine due. Anp remaining amounEa shalt be applieu first to latc charges; second to any other amomits due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receices a payment from Borrower for a delinquent Perioclic Payment which includes a sufficient amount to pay aay late chazgc due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender�nay apply any payment received from Borrower to the repayment of the Yeriodic Paymenis if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the paymenC is applic�i to tl�e full paymeut of one ar more Ycriodic Payments, such.excess may be applied to any late charges due. Voluntarv prepa}�nents shall be applied first to any prepayment charges and then as described in the Note. zaooz�zi NFBRASKA-Single Family-Fsnnie hlaelFretltlieMac UNIFORfd INSTRl1MENT Form 3028 1/01 VM P� VMP6(NU(i 105) Nlolt=rs Kluev er Fnancial Services Page 4 ot 1]