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201207890 BORROWL�R COVFNAN7'S fl�at Borrowcr is lawftil1y seised of the estata hereUy conveyed and has the right to grnnt and convey the Property and thaC the�Property is uneneumbered, excepf Por encumbrances nf rca�rd. Rorrower waarants a�id will defend generally the title to the Property againet a11 elaims aud de�nands, snbject to any elioumbranc�,�a uP rccnr3. THIS S1iCURi'CY INS"I'ItUMF;'N']'oomUinos unifomi covenants fot �lational use and non-miif'orm covenants with limited vaz�iatione 6y jiu�isdiction Lo consGLUCe a nniform sccurity inst�u�vc�iti covorin�real property. Uniform Covenants. Rortower and Lender covenant and abnee as fol1ows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay wherl due tlie prii�cipal of, and interesf on, the debk evidenced by tl�e Note and auy prepayinent charges axid late charges due under the Note. Borrower shall also pay funds far Escrow Items purenanC Co Seotion 3. Payments due tmder the Note wid tihis Secw'Ity Inst�ument shall be made in U.S. cw'rency. Howovcr, if any c1�cc1<or othcr instrwnent rcceived hy Lendcr as paymcnt undcr t1ie Note ar tlus SecLtrity Insfrument is rehirned to Lendex nnpaid, Lender may reqnire thnC nny or all su6sequenC paymenCs dua under the Note and tliis Security InsY�uinent be inade in one or more of tha Followiug forms, as seleoYed by Lender: (a) c�sh; (b)mouey order; (c) certified cheelc, banlc checic, t�easw�er'e cl�eck or cashier's checic, provided any such chcck is cirawn �iponan institution whosc dcposits are;in�uredby a'fulcral agency, insh�umcntality, or enNty; or(d)L+lectronic Fimds Transfer. Payments are deeined received by].ender when received af thc location designated in tl�e Note or at such oCher ]ncafion ae ma}*l�e dcsignaCeci by Lender in accordance wifh Che noGice proviei�ns in SecCiou 15. Lender may return nsry peyment or pnrtinl pfl}*ment if the pa�yment ar p�u•tial payments are insufficient ta Uring the Loan cnrtent. Lander may aceept a1ry payinent or partial p3yment insufficient Co Uring tl�e Loan currenE, wiChonC waiver oP any rightc here�mcier or prcjudice Lo it�F rightis to refuse s�ich p�.�nne�2t or partial p�ymente in the future, but Lender ie not obligated to apply stizch paymenta nt the tfine such payments aae accepted, If each Periodic Payment is applied as of'its scheduled due date, then Lender need not pay inCerest on unapplied fundE. Lcnder may hold euoh un�pplicd funds until Borrow�r malces paymonte Co bring tho Loan current. If Borrower does noti do so within a reasanabla pexiod of ti2ne, Lender shall either npply such firnde or return them to Borrower. If noY applied earlier, such firirda will be applied to the outstAndiug priucipal baluice wider t1�e Note iimnediataly prior to forealosure. No offset or claim which Boirower might hlve now or in the fuhire againsC Lencler ehall relieve Borrower fl�om inaking payment� due under tho Notc and this Security Inetrument ox perPorming the covenents nnd�greements secured by this Security Tnsh�wnent. 2. Application of Payments or Proceeds. Fxcept:�s otherwise described in iliis Section 2, all�ayments �ccepCed and applied by Lender shall be applied ia the following order of priority: (a) inPerest duo under the Not; (b)principAl clue under the Note; (c) amotimts due under Section 3. Suoh payn�ents shali be�pplied Uo each Perioclic Payment in 11ie order in which it Uecame due. Any ramtiiiiug unounts shnll be applied First to latc char�;�s, sccond to any other amotimts due under this Secutity lnst��tment, aud then to reduca the principal Utilance oP CUe NoCe. If LondeY Yeoeivos a payme�it fi•om:Borrowc�t for a delinqtiebt Periodic Payment wl�ieh iuclttdes a suffioienti amotmf Co pay any lnte ch�rge ciue, Che pn}nnent inay ba applied to ihe delinquenY paymcnt az�d fhe lata chugo. If inoro thAn one Periodic Payment is outettmdis�g, Lender may apply nny pnyu�ent reoeived from l3orrower to khe r'epayinent of the Periodic Payments if, and to the extienti til�at, each payment can be ptud in fiill. To the extent that miy exoesa e�sfs �Ret ihe�ayinev�iC is applied ta thc fidl paymcnt of ono or more Periodic Payments, such excees may Ue appliul to nny lnte ch�rges due. Voluntary prepayments shpll be applied fi+st to a�ry prepayi��ent charges and then as described in the Note. --� — — — 24002220 NEBRASKASingle Family-Pennie W aelfreddle hi ac UNIFORtd INSTRUM ENT Porm 3a 28 1701 VM P OO VM P6�NF)(11 OS) Wolle�s Kluv:or Financlal So-Ncos Page 4 oi 17