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201208298 BORROW�R COVLNANTS thaY Borxower is lawfiilly seised oP tha astate hercUy conveyed and has the righC ka grint and convey the Property and YhaC Uie ProperCy is unenctunUered, excepE for encumUra�ices oF record. Borrower warrants and will defend generally the riHe to the Property agaivst all claiins and de�nands, subject to any encuinUrancea ofrecotd. TIIIS SECURITY tNSTRUMENT comUines uniform covena��ts for nntional use and von-ui�iPorni covenants with limited varintions by jurisdiction to consCilute a uni'lorin securily inshvment cove�iug rcaT�roperty. Uniform Covenants. Borrower and Lcnder covenant and agrec as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay whe�i dne tha principnl oP, and inYerest on, the debt evidenced Uy tl�c NoLe nnd any prapayn�ont charges and latc charges due mider thc Nole. Borrower sUall 11so pay fiuids for Pscrow Items pursuuit Co Section 3. Payments due undcr Hie Note azid tbis SccuriLy Instrwnent sUall bo ii�ade in U.S. currency. Howevex, if any check or oHier instrwnent twcived by Lender as payi�ieuC under the Note or this Sect�rity Insh�mient ls returned Lo Lender mipaid, Lender rnfly require tl�ttti�ny or all subsequent payv�ents due under the Note and this Seourity Instiument be made in one or rnoro aP Che following forms, as selected by Lender: (a) eash; (U)inoney order; (c) certified oheck, Uank chcck, lreflsurer's check or cashier's check, provided atty such cl�wk is drawn upon an in�tilution whose deposiCs �re insixred by a fcdcral agency, nistrutnentality, or cntity; ox (d) Electronic F1mda Trznsfer. Payments nre deemed recciveci by Lender when reeeived at tl�e location designated in tihe Notc;nr at sueh other location as may ba designated by Lcnder in ncoordancc with lhe noCice provisions in Seotion 15. Lender may return nny payinent or pai'hiel payinent if fhe payment or parfial pa}m�enta are insufticient tc� bring flxc Lo�n currant. l.ender m�y accept any pttyi��ent or partial payinenf insufficient to bring the Loan c�irrent, without waiv�r oP nny rights hereunder or prejudice to it�rights to reiuse such payinent or pzrtial pa3m�ents in flie futnre, but Lender is nat ol�ligated to apply auch payments aC fl�e Lime such payinents �tre nccepYed. IF eacl�Periodic Paymei�t is applied as of its sclieciuled due date, thcn Lender need not pay inherest on unapplied f�mcls. Leuder may hold such unapplicd funds until Borrawer makes paytnenfs to bring the Loui carrenf. If Borrower doce not do so within n reasoi�iable period aP time, L,ender sl��ll either ap�1y such funds or return tliem to}3orrowea PP not applied enrliex, sucl� fimds will be applied t� khe outstanding principal balwce under the NoCe nnmcdiately prior to foreolosare. No offset or claim which T�on'ower nlight have now or in the£uturo aglinst Lender shall relieve Bonowor from meking paymcnts due under the Noto and thix Security'Iust�nunent or performing the wvenanta and �greeinenCe secured by thie Sec�uity Instrwnent 2. AppliCation of Payments or Proeeeds. �xcept as otherwise de�criUeci in ttus Seotiiov 2, all payments accepted and npplieci Uy I,cnder shnll be applied in the f'ollowing order oP priority: (a) in[erest due un�ier tho Natc; (6)principal duc uncier the Note; (c) an�ounts due under Section 3. Such payinents shall be applied to cach Periodic PaymcnC in the order in which it becamc due. Any remaining amoimts shall be applieci firat to l�te ehargea, scc:ond to �ny other ainounts due under flus SectuiCy Tnstrwnent, fuid then to reduce the priucipal hal�nce of the Notc. I£Leuder receives a payment from Borrower for�delinquent Periodio Pnymenti wl�ich inoludes n suFticient an��ount to pay twry Jatc chnrge clue, Che p�yuient mey be e�pplieci to the delinqtiiont pa}nnenY and the late chazge. PP moro than one Periodic Payment is outstanding, Lender may apply auy payment received fiom Borrower tio Che repayment of Lhe Periodic Payments if, and to tl�e exhent th�t, each payment ctut be paid in fttll. 'Co the extent fliat any excess axists aftc� [he payment is applied to the full paynw�it of'one or more Ya•iodic Paymants, such excess may ho applied to any latc chnr�es dLie. V�lui�ta�y prep�yments shall be 2pplied first to any prep�yment charges And tihen Ae described in the Notc. zqoozan NEBRASIN-SinBle Famlry-Fnnnie MaelFretltlie.Mac 11NIFORM INSTRl1M EN'( Pnrm 3028 1101 VMP� VMPBZNE}(11oA1 Wollere Kluwe�Flmnclal6ervlcea Peqe4 oi 17