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201207653 BORRO��ER COVENA�ITS that Borrower is lawfully seised of the cstate hereby conveyed and has the right to �ant and conuey the Properry and that the Property is unenciuubered, except for encumbrances of record. Borrpwer�varrants and will defend generally the tifle Co the Propezty against a11 ciaims and denands, subject to � any encumbrances of reeord. THIS SECURITY INSTRUMENT ccnnbines uniform covenants for national use and non-unifomi covenanfs a�th lunitecl variations by jurisdicTion to constitute a unifann secivity insfruinent covering real properiy. Uniform Covenants. Botrowes and Lenda 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 e��denced by the Note and any prepa}rznent charges and late chazges diw under the Note. Borrower shall also paq funds for Escrow Items pw-suant to Section 3. Payments due under the Note and this Securiry Instriunent shall be inade in U.S. currency. However, if any check or other instrument received by I,ender as payiueut under the NoYe or this SecuriYy Instrument is retumed Co Lender unpaid, Lender may require that any or all subsequent paymenEs due under the N ote and Uus Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b)money order; (c) certified check, bank check, heasurex's check or cashier's cheek, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instriwientality, ox enrity; or(d)El�tronic Funds Transfc�r. Paymenis aze deeined received bp Lendes when received at the location desiaiated in fl�e Note or at such other location as map be designated by Lender in accordance with the notice provisions in Section 15. Lender may retum any payment or partial payment if the payment or pastial payments arC inSufficient to bring the Loan current. Lender may accept any payment or paztial payment insufficient to bring flie Loan current, without waiver of any riahts hei-eimder or prejudice to its rights to refuse sw:h payment or partial pa5�ments in The futlse, but L,endec is not obligated to apply such payments at the time such paywenis are accepted. I£each Pcriodic Paymcnt is applied as of its sclieduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments [o bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such fimds or retum them to Borrowcr. If uot 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 the future against Lender shall relieve Boaower from making payments due under the Note and tttis Security Instrument or perfonning the covenants aa�d agreements secured by this Seciuity Instrument. 2. Application of Payments or Proceeds. Except as other�x�ise described i�this Section 2, all payments acc�ted�d applied by Leuder shall be applied in the foIIowing order of prioritv: (a)inteaesE due under the Note; (b)ptincipal due under the Note; (c)amomits due under Seation 3. Such paymenTs Shall be applied to each Periodic Paymenf In ihe order in mkdch it beeame due_ Any zemaiiring amounts shall be applied ficst to late charges, second to any other amounts due under this Security Iastrument, and then to reduce the principal balance of the I�Tote. If Lender receives a payment from Bori'ower for a delinquent Pzriodic Payment which includes a sufficient amount to pay any late chargc duc, the pa}nnent may bc applied to the delinquent payment and the late chazge. If more thazi one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment af the Perlodic Payments if; and to the extent that, each payment can be paid in � :ull. To thc extent that any excess exists afEes the payment is applied to lhe full payn2ent of one or iuore Periodic Paymenis, such�cess may be applied to any iate charges due. Voluntary prepayments shall be applied first to any prepayinent eh�gcs and flien a$described in the Note_ zaaoz�a5 NEBRHSKA-Singit Fsmily-Fznnis hlaefFretltlie 1d'ac UNIWRIvI INSTRUMENT Fo�m 3028 1l01 VM P� VMP6(NE)(1105) lNolters K!uv✓er Fnzncial Services Page 4 of 17