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201208064 BORRO�L�R COV�NANTS ChaC Borrower is lawfiilly seiaed o£the estate hereby conveyed and has the right to guil uid oonvey che ProperCy nnd thnt the Properry is unencumberecl, except for encumbrancas of recoid, Borrower w�u•rants and will defevd generally Uia litle to the Property a�aiiiat all claims and demands, subject to any euoumbrauces o4'record. TfIIS SECURITY INSTRUM�NT combines uniforin covenante for i�arional use and noi�-uniform covunnnts with liinited vEu'ia�tions by,jurisdiction to consfitute a �mifonn secw•i[y inslruinent coveririg real propexty. Uniform Coverlants. Borrower and Lcnder covenant rmci agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when duo the principal of', and inlexes[on, the deUt evidencecl by the Note and£uiy prepayment chnrges and late charges dtta under the Nota. Borrower sl�al1 a1so pay fixnds for L+scrow Iteme pursuant to Section 3. Payments dtte mider flie Note and tl�is Su;�irity InstrumonC sUall bo made in U.S. currency. However, if any check or other instrumcnt rc,rooived by Lender as peyment under the Noce or this Securiry InsU'mnent is retmned to Lenc�cr unpaid, Lender may require that any or all subsequent paymenY� due tuider the Notc at�d thie Seciuity Instrument be mnde ni oua or more of til�e Following fonns, as selectedby i,endcr: (a) cash; (b)money order; (c)certified check, bank chec1c, treasm er'a check or cashier's check, provided�ny such ehecic is drzwn upon an instit�rtion whoso dc.��oeits are insured by a feder�l egency, instrumentallty, or entity; or(d)Elech�oDic b'unds Tr�nsfer, Payinents are dee�ncd recoived by Lender when receiveci at the locaGion designated in tha Note or at sudi otl�er location ae inng be designated by Lender in aecocdance with the notice provieione in Section 15, Lender may return �t�y payinent or partiat payment if tlzc payment or parlial pn}nnents are insufficient to bring the Loa�i eurrant. Lender may accept any payment or pArtial paynnent inaufficienY to bring the Loan cturent, withont waiver of any righCs heceunder or prejudioe to iYs riglrts to refuse such payment or partial paymcnGs in fhe fnlure, 6ut Lender is not obligated to apply such pa}anents at tho time suah{�ayn�cnts are acoeptied. If ench Periodic Payineut is �pplied as nF its schcdnlccl duc datq l9�en Lender need not pay interest on unapplied fwids. Lende��may hold such unapplied fimds unril Borrower makas pa�yinents to briug tihe Loan currcuk If Borrowor does not do so within a reasonable period oP�ime, I,ender shall eitl�cr apply such funds or xetnrn ttiem to Borrowar. I£not applied eeulie�•, �such ftmc�s wi77 be a�plieci W Che outatxndii�ig principal balanca tuidar the Note immodiatcly prior to foreclosure. No offset or claim which Bon•ower inigl�t have now ox in the fiihue ngainst Lendet sha11 relieve I�orrowor froin inakin�;pnymenCs due tmder the Note and this Security Iustrmnenti or performing the covcA�atita and agreemeuts seoured by this Security Instrmnent. 2. Application of Payments or Proceeds. }sxcepi as olherwise described in tl�is Section 2, all payinents aocepted and applieci by Lc��dc:r shall be lpplied in the following order of priority: (a) iiiterest dne under N�c Note; (b)privci�al dua under the Note; (c}a'mounts due uuder Section 3. Such paymonts shall be applied Co e�ich Peeiodio Paymeut iu the ordex in which it Uecamc due. Auy remainii�g�mouuts ahall be applied firet Yo lfl�te ahasges, aecond fo any otl�er amountis due wider Cliis Seciu7ty Inshvinent, ftnd tlien to raduca the prinoipal balance of tl�e Note. Lf T.enticr reocives a pa}nnent from Borrowez•for tt delinquent Periodic Payment which it�cludcs a sufficicnC amounC to pay any late ohftrge due, Uie pa�yinent inay be ayplicd to tho ctelinquenC paymenti and the late eharge. If mora than one Periodic Payme��t is ontsl�7nding, LendeT may npply �ury peytnuit received from Borrower tia Che repayment of tC�c Perioc{ic Pn}nnents if, t�nd to Ehe extent that, each payment can be,paid 1n full. 'I o tl�e extont tihnt any excess existis nfter the pa�ytnent�is applied to tlie full peyment of oi�c nr morc � Ycriodic P�ymenta, such excess may be applied to acry latc chargos �iuc. Vohmtary pre�aymenta ahnll be Applied�irst Yo eny prepaymeut charges ancl Lhcn aa described in the Note. aaoo�z�o NEBfiASKA-Single Famlly-Fsnnle A4ealFreddle Mac UNIPORM IiVSTRl1MGNT Form 3028 1101 VMP� ViNPO(NE)(t 745) W oltara Kluw cr Finonalal Scrviocc Paga 4 of f Y