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201208227 BORROWER COVENr1NTS tliai Bonower is lawfully seised of the estate hereby conveyed and has tl�e right to graut and eoirvey the Property and that the Property is unencutnbered, except for encumbrauces oCxeeord. Borrowcr warrants and will defend generally the title to the Property agauxst all claims and demands, subjeot to any encumhrances of record. THIS SECURITY INSTRUMENT combines unif'onn covenants for national use and non-uniform covenants with limited variations by jarisdictiou to constitute a uniPorm security instriunent oovering real property. UnifoYm Covenants. Borrower uid Lender covenant and agrce as follows� 1 . Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of aud iuterest on, The dabt avidenaed by the Note and any prepayment charbes and late charges due under the Note. Borrower shall also pay funds for ti5crow [tems pursuant to Seetion 3. Payments due under the Note and tliis Securiry lnsh umont shall be made in U.S. ci�rrency. IIowevex, I£auy checl<or otlier instrument reoeived by Lender as payment under the Note or this Sacurity Instrument is returned to Lender unpaid, Lender may require that any or all suUsequent payments due undor the Note and ttiis Security instrument be made in one or moxe of Ehe following forms, as seleeted by Lender: (a) cash; (b) money order; (c) certified checic, baiil< check, heasurer's check nr cashicr's check, provided airy euoh check is drawn upon nn institution whose deposits are insured by a federal agency, instrumentality, or antity; or (d)Electronic Fuuds Transfcr. Payments nre deemed received by Lender whcn received at the loeation designated in the Nota or at such other loeation as may be designated by Londer in accordance with the notioe provisious in Section 15�. Lender m�y return any payment or partial payment iFthe payment or pa�tial paymenYs arc insuffioient to bring the Loan current. Lender may flooept a�ry pftymant or partiat payinent insufficient to bring the Loan ourrent, without waiver of any riglits hereunder or prejudice to its rights to xefiise suoh payment or partial payments in the future, but I,ender is not�bligated W apply sueh payments at The time such paymcnts are accepCed. lf each Periodic Vayinent is applied as of its scheduled due date, then Lendar nocd not pay interesY on unapplied fimds. Lender may hald such unapplied funds uutil Borrower malces paymenYs to briug tlie Loan ourrent. If Borrower does uot do so witl�in a raasonable period of time, Lender shall eiUier apply suoh funds or return them to Borrowcr. PC nol applied earlier, sueh fuuda will be applied to tlie outstanding principal balanoe under the NoYe iirunediately prior to 1'oreclosure. No offse[or claim which Borrower might hnve now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security lush uuient or porforming the oovenants and ngreaments secur�d by tliis Security lnsh�umcnt. 2, Application of Payments or Proceeds. �xcept as other�vise described in tliis Secfion 2, all payments aecepted and applied by Lender shall be applied in tha followiug order of priority: (a) intsrest due under the NoYe; (b) principal due under the Nota; (c) a�nouuts duc under Section 3. Such payments shall ba applied to eaeh Pariodic Payinent in the order in which it became due. Any remaining amounYs shall be applicd first to late elia��ges, second Eo any other amounts due under this Sacurity Iust��ument, and Uien to reduce the principal balance of the NoYe. If Lender receives a paymenY from Borrower for a delinquent Penodic Payment which inchtdes a sufficie��t amount to pay any late charga due, tlie payment may be applied to the delinquent payment and the late charge. If more than one Periodio Payxnent is outstanding, Lender may apply auy payment reeeived from Borrower to the repayment of the Periodic Payments i£, and to Uie axteirt tliaY, each payment can be paid in full. 'fo 4ho oxtent that any exoess exists after the pay�nent is applicd lo tha full payment of one or mora Periodic P�yments, such excess may be applied Yo any fatc charges due. Voluntlry prepayments shall be npplied first to any prepayment charges and therr as described iu the Note. saoasaze NEBMSKA-Sinpla Famlly-Fennle Mae/Freddle Mec UNIFORM INSTRUh1FNT Fnrm 3028 1101 VMP(y VM PB(NE)(11�51 Woltara�quw er Flnenelal 6ervines Pega 4 of 17