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�APwi. ��v+�"tiy��C�+ �. ' �0�.2Q`7945 20��►70�� BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jut7.sdiction to constitute a uniform security instnunent covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pa� whe� due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due �nder the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender �nay require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) aash; (b} moirey order; (c) certified che,ck, bank check, treasurer's check or cashier's check, provided any such ckecYc is dr�wn ugon an iustitution whose deposits are insured by a federal agency, instrumentality, or entity; or (�.} Electronic Funds Transfer. Payments are deemed received by Lender when received ai the Iocation designated in the Note or at such other Iocation as may he designated by Lender in accordance with the notice provisions in Section 15. L,enc� may return any gaymeat or partial gaymeat if the payment or partial payments are insufficient to bring the I.cr� c�rrent. Le�der may accept any payment or partial payment insufficient to bring tfie Z.oan current, witfiout waiver of a�tcy rights hereunder or prejudice to its rights to refuse such. payment os partial pa�ts in the fut�re, but �der is IIot mbligateci. to appIy suc�t payments at tfie time such pa�rments aze accegted. If each Feriodic Payment is agplied as of its s�cheduled d�e date, then I,ender ne� nat pay interest on umagpli� funds. LeII�er ma:y hold such unapplied funds untii Borrower makes payments to bring the Loan currenc. If Borrower c�Oes not do so within a reasonable geriad of time, Lender shall either apply such funds or retura them to Borrower. If not applied earlier, such fimds will be applied to the outstanding principai balance under the Note immediately prior to fore,closure. No offset or cla.im which Borrower might have no� or in ttie future agaivst Lender shall relieve Borrower frons maldng payments due under the Note and this Security Instrument or performing the covex�ants and agr�ments secured by this Security Instrumeirt. 2. Applieatian of Payments or Proceeds. Except as otherwise described in this Section Z, alI payments �cepted and applied by Lender shall be appliefl in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Secrion 3. Such payments shalI be applied to each Periodic Fayment in the order in which it became due. Any remaining amounts shall be applied first to late chazges, s�ond to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a su�cient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applie� first to any prepayment chazges and then as described in the Note. NEBRASKA-Single Family-Fennie Mae/Freddle Mac UNIFORM INSTRUMENT VMP � Wokers Kluwer Financial Services Form 3028 1l01 VMP6(NE) (1105) Paga 4 of 17