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201208395 BORROWER COVENANTS that Bonower is lawfully seised of the estace he�eby conveyed and has the right to grant and convcy thc 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 encumbranccs ol'record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants wi[h lunited variations by jurisdiction to constirute a uniform security instruuient covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on,the debt evidenced by the No[e and any prepaymen[ charges and late charges due under[he Note. Borrower shall also pay funds for Escrow I[ems pursuant ro Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. wrrency. However, il'any check or other instrument received by Lender as payment under the Note or this Securiry ' Instnunent is remrned to L.ender unpaid, Lender may require that any or all subsequern payments due under the Note and this Security Instrument be made in one or more of the following forms, as sel�ted by Lznder: (a) cash; (b)money order, (c) certified check, bank check, treasurer's check or cashier's che�k, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entiry; or(d) Electronic Funds Transfer. Paymenzs are deemed received by Lender when received at the location designated in the Note or az such other location as may be designated by Lender in accordance with the notice provisions i�Sec[ion 15. Lender may rehun any payment or partial payment if the payment or partial payments are insufFicient to bring the Loan curren[. Lender may accep[any payment or partial paymern insufFicient to bring the Loan wrrent, without waiver of any rights hereunder or prejudice to its rights to refuse such paymern or partial paymerns in the furure, but Lender is not obliga[ed[o apply such payments at the time such paymerns are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied fiuids until Borrower makes payments to bring the Loan current. If Borrower does no[do so within a reasonable period of time, 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[o foreclosure. No offset or claim which Borrower might have now or in the fumre against I,ender shall relieve Borrower From making payments due under We Note and this Security Instrument or perForming the covenants aud agreemen[s secured by this Security Instrument. 2. Application of Payments or Proceeds. Fxcept as otherwise descrihed in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a)interest due under the No[e; (b)principal due under the N6te; (c) amoun[s due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shail be applied first[o late chazges, second to any other amounts due under this Security Instrument, and then ro reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficien[ amount to pay any laze charge due, the payment may be applied to the delinquent payment and We laze charge. 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 t6at 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 applied first to any prepaymem charges and then as described in the Note. NEBflASKA-Smgle Family-Fannia Mae/FreAtlie Mac UNIPOFM INSTflUMENT Form 3028 llpt uMP a' VMP6MEI(1105�.00 Woka�s Kluwe�Financial Services Page 4 of 1�