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��1�1�444 B�R.R�WER CUVENAIVTS that Barrawer is lawful�y s�xsed of the estate her�by con�eyed and has�he right to grant and con�ey the Property and that the Property is unencumbered, except far encumbrances af re�ord. Borrower warranxs and wi��defend generally the title to the Pr�perty against a.11 claims and demands, subject ta any encumbrances of reeard. TH�S SE�URITY INSTRUMENT cnmbines urufarm co�enants for nationa�use and non-uniform co�enants w�th �xmited variations by jurisdictian to constitute a uniform security instrument co�er�ng real property. Un�form Ca�enants. B�orrow�r and Lender co��n.an,t and agree as follows: 'i. Payment of Principal, lnterest. Escr�w �t�ms. Prepaymsnt Charges. and Late �harges. Borrawer sha��pay when due the principal of, and�nterest on, the debt evidenced by the Note and any prepayment charges and 1a�e charges due under the Note. Borrow�r sha11 alsc�pay funds far Fscrovv��ems pursuan�to Section 3. Payments due under the Note and this Security Instruiment sha.1l be made in U.S, cwrrency. Ho�re�er, �f any check or ather instrum�nt rece��ed�y Lender as payment under�ie Note or this 5ecur�t� �nstrument is returned to Lender unpa.id, Lender may require that any ar a11 subs�qu�nt payments due under the Nate and t,his Secur�ty Instrument b�made in ane or mare flf the following forn�s, as selected by Lender: �a}cash; (b}rnoney order; (c}certified check, bank che�k, �reasurer's ch�ck or cashi�r's check, pro�rded any such check is dra�vn upon an�nst�tution whose deposits are insured by a federa.�agency, instrumentali�, or �ntity; ar(d} Electronic Funds Transfer. Payments are deemed recex�ed by Lender vvhen recei�ed at�ie location designa�ed in the Note or at such other locatian as may be desxgnated by Lender in accardance with�-ie notice pro�ision�in S�tion 15. Lender may return any payment nr par�ial,payment xf the payment�r par�ial paymen�s are insuff cient to bring the Laan curren�. L,ender may accep�any payment ar partial payment insuf�icient t�bring the Loan current, wi�hout wai�er of any righ�s hereunder or gr�judice to i�s r�ghts to refuse such paymen�ar part�a.� paym�nxs in�he future, but Lender is not ab�igated tn apply such payments at the txme such payments are accepted. �f each Periodxc Payment�s applied as vf�ts scheduled due da.te, �ien Lender need na�pay interest on unapplied funds. Lender may hold such unapplied funds un�i� Barrower makes payments ta bring t,he Loan current. If Borrower does not do so wi�h�n a reasonab�e�er�vd of time, Lender sha.��either apply�uch funds or return them to Barrawer. If not applied earlier, such funds wi11 be applied ta the outstanding pru�c�pa�.ba.lance under the Nate immediate�y prior to f�reclasure. No affset or claim which Barrawer mi.ght ha�e na�v�r in�he future against-Lender sha�l relie�e�3orrower frorn ma.king payments due under the Nvte and this Secwrity Instrumen�or performing the cavenants and agreements secured by th�s Securi�y Instrument. 2. Applicat�an of Payments ar Praceeds. Excep�as otherwise described in this S�ction 2, a.��paym�nts ac�epted and applxed by Lender sha�l be app��ed in�he followu�.g❑rder af priarity: (a}interest due under the No�e; �b}princ�pal due under the Note; �c}amounts due under Section 3. Such payments sha11 be appl�ed to each P�r�odic Payrnent in the order�n which it became due. Any remain�ng amounts sha11 be applied first�a Iate charges, second to any other amounts due under�h�is Securi�y Instrumen�, and�hen ta reduce the pr�ncipal baiance af�he N'ote. �f Lender rece��res a paymen�from Bvrrower far a de�inqu�n�Period�c Payment�rhich inc�ud�s a suff�ient amaun�ta pay any�ate charg�due, �e payment may be applied to the deluaquent paymen�and the late charge. If more than one Periadic Paymen�is outs�anding, Lender ma�apply any payment recei�ed from Borrower�o the repayment af the Periadic Payments if, and to the exten�that, ea�h payment can be paid in fu1l. To the ext�nt that any excess e�ists aft�r�he payment is applied ta th�fux�paymerit af�ne ar more Per�odic Payments, such ex�ess may Ue applied tv any late charges due. Voluntary prepayments sha.�I be applied firs�to any prepayment charg��and then as descr�bed�n the No�e. NEBRASKA-SingFe Fam�ly-�ann�e MaelFredd�e Mac UNI�QRM fNSTRUfIIlENT Form 3�28�I41 V1V1P C� VMPF(NE)[11�5f•aD Woliers K�uwer Financial Ser�ices Page 4 af'�7