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� 201208302 SORROWER COVENANTS that Borrower is lawfully seised of the es[ate hereby conveyed and has the right to grant and convey[he Property and that the Property is unencumbered, excep[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 recard. THIS SECURITY INSTRUMENT wmbines uniform wvenazus for national use and non-uniform covenants with limited variations by jurisdiction to constimte a uniform security instrumern covering real property. Uniform Covenants. Borrower and Lender wvenant and agree as follows: 7. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Cherges. Borrower shall pay when due the principal of, and interest on, the deht evidenced 6y the Note and any prepayment charges and la[e chazges due under the Note. Borrower shall also pay funds for Fscrow Items pursuant to Section 3. Payments due under the Note and this Security Insuument shall be made in U.S. currency. However, if any check or other instnunent received by Lender as payment under the Note or this Security Instrument is retumed to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following foans, as selected by Lender: (a)cash; (b) money order; (c) certified check, bank check, treaswer's check or cachier's check, provided any such check is drawn upon an institution whose deposits aze insured by a federal agency, instrumentality, or entity; or(d)F1�tronic Funds Transfer. Paymerns aze deemed received by Lender when received at the location designated in the Note or at such other location as tnay be designated by Lender in accordance with[he notice provisions in Sec[ion 15. L.ender may re[um any payment or partial payment if the payment or partial payments are insufficien[ro bring the Loan current. I,ender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated[o apply such paymems at the[ime such payments aze accepted. If each Periodic Paymem is applied as of its scheduled due date, then I.ender nced not pay interest on unapplied funds. Lender may hold such uoapplied Tunds until Botrower makes payments to bring the Loan wrrern. If Borrower does not do so within a reasonable period of[ime, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Bonower might have now or in[he future against Lender shall relieve Borrower from making payments due under the Note and tlus Security Insuument or perfoiming the covenants and agreemerns secured by this Security Insttument. 2. Applicetion of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lznder shall be applied in the following order of priority: (a)interes[due under the Note; (b)principal due under the Note; (c) aznounts due under Section 3. Such paymems shall be applied to each Periodic Payment in the order in which it became due. Any retnaining amounts shall be applied first to late charges, second ro any other amoums 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 sufFiciem amoun[to pay any late chazge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, L.ender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the exten[that, each payment can be paid in fiill. To the extent thaz any excess exists after the payment is applied to the Tull payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Volurnary prepayments shall be applied fitst to any prepayment chazges and then as described in the Note. NEBHASKA-Smgle Femily-Fennle MaelFreCtlle Mac UNIFORM INSTRUMENT Form 3�28 1/01 yMP 9 VMPB�NE)�t 106�.00 W olters Kluwer Financiel Services Page 4 at 17