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201208913 BORROWL+R COVLNANTS that Borrower is lnwfully seised of the esEate herel�y oanveyed�nd has fhe rigJ�t to grant and convey Yhe Pfroperty and Yhat Yhe Property is unencmnbered, except for encwmbraaioes of record. Borrower warrants and will defo�7d�;a��erally thc titlo tr�thc Property agaiitst all claims and dc�nands, stiibject to nny eneumbrauoes oP record. THIS SECLJI2TI'Y INSTRUML+NT con�binea miiform covennnCs for national u�e and non-uriiform covenants wifli liinited vaxialions by jurisdiction to constitute�nniPonn security inst�vment covering renl properry. UniforYn COvenaqts. Borrowcr and Leuder eovenanC and agree as followc; 1. Payment of Principal, Interest, Fscr�w Items, Prepayment Charges, and Late Charges. Borrowcr shall pny when due the prinoipal af, and infexest on, Che cleht evidenceci by Lhe Note and auy prepayu�ent cluta'ges aaid laCe chargas dtiie uuder the Nate. [3orrower sl�all also pay fiu�ds for Hscrow itonn pnrsu�nt to Scction 3. Paymcnte duc under Lha NoCe and Chis Seourity Inshument ahall be inade ni U.S�. etvrency. IIowever, if any oheck or othei insu•ument reoeived by Lendar as paymeut under the NoYe or tliie Security Instrutnent is returned to Lender unpaid, Lender may require that any or all suUseqnenG pagnnents due uuder the Note and fliie Seciu'ity]ostrtiunent be mado In onc or more of tl�e�Following forms, as selectedhy Lcnder. (a) casl�; (b)moi�ey ordci�; (c)oertiCeci cl�eck, btvilc oheok, treasurer's cheok or oashier's cheok, provided sary such chcck is drawn upon an institufion whose deposlts nre insured by a federel agency, insY�umentelitg, or entity; or(d) Elect�onio I+unds Transfer. Paymenl� a�e deemed received by Lender when received aY the location designaYed in the Note or at such other location as may be desig�uated by Lendee in accord�tuce witl� the notice provisions in Section l5. Lender inay t�etua�n a�ry payment or partial payment ifSl�e�aymenC or par6ial pnyulenCa nre insu£ffcient to bring tke Loa�� ourrenL Lender may acoept nny pRyment or p�u�tial p�yment insufficient Yo bring Che Loa�i enrrent, without waiver oP�iry rights hereunder or�rejudice to its rip,lrts to refuse sudt pag�ncnt or parNal yayineirts in the£uture, but 7,ender is not obligatcd to a�ly such pnytnenfs a[the time snch pflyinei�its are acocptcd. If oach Pcriodic Payinenl is applied as o£its scheduled due date, then Lender need uot pay interest on unapplied funds. LetTder ntay hold sttch unapplied ituids until Borrower makes paymenfs to bring flie Lonn current. If Borrower does uot do so witl�in a reasonaUlc period of tim�, Lcndcr shall cithor apply such funds or rehun thein to Borrowe�'. Tf not applicd cadier, snch fiu�ds will be applied to the outs�nding principal balanco undcr tihe NoCe invnediately prior to foxeclosure. No offset or claim which Borrower inight have now ox in tihe fuYuce against I,ender shall relieve Borrower From making payments due imder Che Note and t6is SecLvity instrumrnit or performing Ihe cove�ants �nd ngreements secured by this Seourity H2strumenC. 2. Applicatiorr of Payments or Proceeds. Except as otherwisa deseriUed in this Section 2, all paym�nts aocepted end applied by Lander shall be applied in t1ie following ordcr of priority: (a) intere.sC due imdc;r Che Nota; (b)principal due ui�de�'tl�e Notc; (c) aniounts due unc{er Section 3. Such payments shall be applied to each Yc�ioclic Payment in the order in which it beceme due, Any rem�ining z�nounis shall be applied first to l2tc charges, second to any other unounts due under tlus Security Ilisfruinent, and�1ian to reduce the prineipnl Unlnnce of the Note. IP I,ender receives �paymenti fiom Borrower ior a delinquent Periodic Pc�yment which includee a snfficienf ainomiC to pa�y any late cl�az�ge due, t1�e pa}n�rent may bo applieci to the delinquent payn�ent�nd the lnte ch�rge. Jf moro than one Periodic Payu�enl is outst¢ndiug, Lender may apply any paytnent received fiom Borrower to the xepaymeut aP tlie Periodic Payiriants if, avd ko tl�e exEent t1�aY, each paymcnt can be paid in full. To the extiant tihati any excess exists after the paynietit ie applied Co thc full papvienl nP ot�e or more Paiiodic Payn�cnts, euch exceaF inay be nppliec{Co atry late chu•ges due. Voluntnry prepayments shall be applied Pirst to nny prep�yment charges and Hien as descriUed in Uie Note. — --- — 7.4Q02587 NERRASKA�Slnplo Famlly-FemlleMaAlFretlalle Maa 11NIFORM INSTRUMENT Form 3020 1l01 vn�P� vn��s�Ne��iios� Wollare I<luwer Flnenclal Servlaee PnOn 6 nF 1