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201208477 BORROWRR C�VENANTS tliat Boxrower is lawfully aeised o£the estate hereby oonvcycd and has the right to grant and cGmcy the Yrnperty and t1�at tlxe Property is uuencumUered, except for enoumbrances uf xecord. Bonrower warranis and will dcfcnd gcnerallg the title to tl�a Proparty against all claims nnd demands, suUject lo any encumlirances of record. TIIIS SL�CURITY INSIRUMNN"C combines imiform covenaarts for national use and non-uniform covenantis with linufecl vuiatiions by juriadicCion�Co constiitide a imiform security instruinent covering real property. UnlfoYm Covenants. Borrower ttud Lendcr covonant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principAl of, end inferest on, Che debt evidcnced by fl�e Note and eny prepaymenf ohaiges and lafe chargcs duc uiTder the Note. Rorrower sha11 also pay Funds for Esorow Items pursuank Co Section 3. Pn}m�ents due imder Cke Note and til�is 5ocurity Tnstrmne�it shall be made ni U.S. currency. However, lf any check or other instrument received by Lender as paymcnt unaer t1�e Note or this Securiry Instrauent ie retiu'ned to Lender unpaid, Lender mny require t(int auy or all sLi6scquont pay�nents due Linder thc Notc anft fhis Secmiry Instrumenti be mmda in one or more of the following fom�s, as salected Uy Le��dcr: (a}cash; (b)money ordcr; (c) certified checic, Uavlc checlz, treasm�ar's check or cashier's cheek, provided auy such check is drawn upon an institution whose deposiu are intiurod by a federal agency, instirumentality, or entity; oc (d) �lectravie Bunds Trtinnsf'er. Paymevts tue deained received by Lender when received At the location desiguated in die Note�r at sLtoh oHia�location as inay be desi6mated by Lender in ac�ordance with the notice�pirovisions in Seetion 1S. Lender mny return any payment or par6ial paymcnt if thc payme�rt or pArtial paymenSs Are insufFicient to bring t1�e Loen current. Lender m�y aocept any payuienf or partial�aymont incufficient to Uring the Loan ct�rrant, wiYliout waiver of any rights hereunder ar prejudice to ils righks Io refuse�uch pay�nont or partial paymenfa in ihe �ftrttiva, but Le�ider is not obligflted to�pply such payments al the time such payn�ionGs arc acccpted. Tf e2ch Periodic Payment is applied aa of its scheduled due date, t1�eu L,ender need not pay interest on unapplied funcia. Lendce uiay hold such unapplieci funds m�fil Borrowar tnakes paymanLB to bring tha Lo<2n current. If Bartower does not do so within a reasonnble pe��iod of time, Lnndcr�hall eifher apply sucl� funde or rehun tlxem to Borrower. If'not apl�lied earlier, such fitnds will be applzed to the outstanciing principal bal�nce imder tlio Noto iiivncdiatcly piior Eo foreolos�tre. No offset or claim which Borrower mighf. have now or iia the fuhue agaiiist Lender sl�all reliave Borrower from nialang paynients due under tha Note and fhis Secprity Instrwnent or performing tl�c oovena��ts and agieements secm'ed Uy tl�is Security Instrument. 2. Applica4ion oP Payments or Proceeds. L�xcepc as ocl�crwise dcscribed in tl,is Section 2, A11 payinents uccepted and applied by Lender shall be applied in Hie following order oPprioi9�y; (a)inf�crest due unde�`fhe Nota; (b)principal due tmder the Note; (c) zmounts due undar Sect9on 3. Suoh paymei�its shall be npplied fo oac1�Pcriadic Payment in the order in which it became date. Any remaiinng amounYs shall be applied fiist to Inte eherges, second Co nny okher�mouuCs due mider fl�is Secw�ity In�tr��nncnt, nnd then to reduce the prineipal balauce o£tlie NoPe. Ii'Lander receives a payinenY from Borrower foa� a delinquent Periodic Pa�nnen[whioh inoludes a sufi"icienC amoumt to pny any l�te charge due, the payment may Ue applied to fhe delinquenti payinent and the late charge. IPv�ore ChAn one Periodic Payn�enC is outsl�mcling, Lendcr may apply airy pa�nnent received from Borrower to the rep�}nnent of the Periodic Paytnenls if, anci to tl�e exCenC Lhttt, each paymrn�t o�n Ue paid in full. To Yhe �tent that any�excesa exists after tl�e paymenk is epplied to the fiill payment of one or more Periodic Payments, suoh axcese may Ue applied to any late chu•gas clue. Voluntary prepf�yments shnll be applied firet to any prcpayment�l�argcs and theu as described iu the Note. 24002427 NFBRASKA�9ingle Family-Fennlo M aolFtoddie Mao 11NIFORM INSTRUM FNT Form 3o29 17�1 VM P� VM P6(N[)(1106� - Wollers Kluwer PinanCizl Services Pege d ot 1