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201209534 BORROtiT�ER CO��ENAIQTS that Bon ower is tavrfully seised of the estafe hereby conveyed and has the right t� granx and convey the Propextg and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend aenerally the title to the Propzrty agaiast all claims and demands, suhject to any encumbrances of record. TIIIS S�G`URITY iNSTRIMENT combines tmiforen covenants for national use and non-uniform covenants with limiteci variations by jurisdicrion to constitute a uniform security instrument covcring reai property. � UnifoPm Covenan$s. Borrower and Lender covenan[and agree as follows: 1. Paymenf 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 Notc and any prepayment charges and late charges due under the Note. Borrower shall aiso pay funds £or Escrow Iteins pursuant to Section 3_ Payments due uudet the Note and this Secqrity Inshument shall be made in U.S. eurrency. However, if any check or other instrument received bv Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments duc under the�Iote and this Security Insfrument be made in one or more of tlie following£omvs, as selected by Lender: (a) cash; (b)money order; (c) ceriified check, buflc check, treasurer s checl�or casluer's check provided any such chcck Is drawn upon an institurion whose deposits aze insured by a federal agency, instnurlentality, or entity; or(d) Electronic Funds Transfer. PaymenTs ase deeined received by Lender when xecerved at the location designated ia flie Note ar at sueh other location as may be designaced by Lznder in aeeordance with Yhe notice provisions in.Section 15. T,ender may retutn any payment or p�tlal payment if tiie payment or puflal payments ar�insufficient to bring the Loan eLurent. Lender may accept auy payinent or parCial payment insufficient to Uring tlie Loan current, without waiver of any rights hereunder or prejudice to it,rights to refuse such payment or partial pajmi�rts in the future, but Lender is not obligated to apply such payments at fhe tune such payments aze accepted. If each Periodic Payment is applied as of its scheduled duc date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds untIl Borrower makes payinents to bring the Loan currenC. If Borrowcr does not do so within a reasonable period of time, Lender shall eirher apply,uch fiuids or return them to Borrower. If noC applicd earlier, such fiuuls will be applieei to the outstanding principal balance under the Note immediately prior to foreclosure. No off'set or claim�vhich Bonower might have noR�or in the future agauLst Lcnder shall relieve Bonower from making payxnen[s due under the Note and this Security Insirument or performing the covenants and agreements secureu by rhis Security Instrument. 2. Application of Payments or ProCEeds. Except as otherwise described in this Section 2, all payxnents accepted aud applied by Lender shall be xpplied in the following order of prioriry: (a) interest due under the Note; (b)principal due under the Note; (c) amounts due under Scction 3. Such payments shall be applied to each Periodic Payment in the order in which it bccatne due. Any remaiuing amoun[s shall be applied first to late charges, second to any othcr amounts due under this Security Instrument, and then to reduce the �incipal balance of the Note. If Lender receives a payment from Borrower for a delinquent Pzriodic Payment which lncludec a sufficient amount to pay any late cbarge due, the payme�t may be applied to the delinquent payment and the]ake charge. If more than one Periodic Payinent is outstanding, Lender inay apply any payment received from Borrower to the repayment of the P�ciodic Payments if, and to the axtent that, each payment can be paid in full. To the extent that wy 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. Voluntar5�prepayments s1�a11 be appli<xl first to any prepayment charges and then as described in the Note. zaaoz�ao NEBRASKA-Single Family-FannielAaelFreddie tdac ONIFOFfd INSTRUMENT Form 3028 tl01 VM P(� VM P6(NE)(i 105) Wolters Kluwsr Financial Services PageA oi 19