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201210454 BORROWLR COV�NANTS Chat I3orrower is lawfully seisec�oF tiia estate hereUy conveyed and 6as the right to grant and convey the Properiy uid that the Property is unencumberecl, except for cncw��brances of record. Borrowei warra�its azici will defend gcnerally lhe LiEle Co Ihe Property againsf all claims and demanda, aubject to any oncumbrances of reeocd. THIS S�L-�'CUIZTI'Y 1NSTRUMP,NT aoinl�inea uniform covenants for national use a�id nou-uniPorin covenauts wit�h limited variaLions by jl�risdicHon Yo constitutia a unif'orm securhy instrume�rt covering rcal Uroperty. Uniform Covenants. Borrower nnd Lender covenant and agree as Iollows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sl�all pay wl�en duc Uic prinoipnl oP, and interest on, the debt evidenced Uy the Nota and any prepayment chaz�es and late charges dne under the Notc. Borrowcr sliall also pay fimds for P�acrow Items pursuant to Section 3. Payments d�ic undcr the Note and this Secm�ity Instrmnent eli�ll be made in U.S. cLu'rency. Howover, if ttny cheok ar other insh'umenY received by Lender as payme�it unde��tlie Noto ar this Secuxity Inst�ument ie relurned to Lender wipaid, I znder may require that any or all subsequent payments due uuder the NoCe vid tl�is Security [nstrumcnt Ue inade in oue ar more of the following Forrns, as selected by Lender: (a) cash; (l�)munuy order; (c) oextified check, bank check, treasurer',9 cl�ecic or cashier's chcck, provided any such cheolc is drawn upon an instilution whoee deposits aro insured by a federnl agenoy, instrumentality, or entity; or(d)Eleol:ronic Funds Transfer. Paytnents are deemed received by Lender w1�en received at thc loca6iou designafed iu the Note ox nC auch othar location as may be designated by Lcndcr in accordance wieh uhe notioe provisiona ni Section I5. l.ender may return ai�y payment or pnr�inl payment if the paynienY or partial paymentie are insufficient to bring klre Loui current. Lender mey accept �ry payinent or partial payment ivanfFicienE to Uring the,Loan etiurent, without waiver of'any righks l�ereunder or prcjiulico to ite rights to refuse such payinenC or partiaL pay�ne�ts in the fixturc, buE Lcndcr is not obligaCed to apply such payments �t the tisne such payments are nccepCed IC each Periodio Payment is applied zs of its seheduled dne date, then I,ender need not pay iirterest on unapplied fuvds. Lender mtty hold sucli unapp1'red funds unti] ]3orrower makes payments to bring Che Loau curreut. If I�orrowc�'docs not do so wiCl�in a reasoneble period of time, Lender shall either flpply such fiu�ds or rcturn them to Borrower. Pf not npplied earlier, such funds will be applied to Y1ie on{stiuiding principal bnlnnce under the Note immediately prior to foreclosLu•e. No ofi'sat or claim which Borrowar inight have now or in the future agaiilst T endcr shall relicvc Borrower from malcing payn2ents due ander Che Note and this Sec:urity Instrument or perPornvng the covenants nnd ngreements seoured by thie Securitg Instrnment. 2. Application of Payments or Proceeds. Except as otherwise described in tliis Section 2, all payinents accepted aud a�plied by Lender sha11 be applied in t1�e fo7lowing order of priority: (a) inEcn'cst due euulor thc Notc; (b)principal due aricier Che Note; (o) emounts diie ur�ider Seclion 3. Snch p�ymenta sh�ll be t�pplied to eaoh Periodic Payment in the order in which it becune dus. Any rem<vning amounts shall be applied f rst to ]aYe chargaa, aecoiid to any ofher aanomrts due under tl�is Security 7nst�umeut, and tha�i to rcduce the prinoipal balance of the Noto. 1�'Lender receives a payment from I�orrowe�' �For a delinquent Periodic PaymcnY which includes a sufficicnt t»nouut fo pay any l�ttc chargc duo, the paymenC m1y be applied ko lhe delinquenk payinent�id Che lnte chnrge, IP more lhan one Periodic P�ymeut is outsEnnding, Lender m�y apply nny p�}nnent received fiom Borrower to the repaymant of tha Periaflic Payments if', and to the estent tliat, each payment can be puid iu fialL To the extent that any excoss cxi�ts afeer Lho p�ymenC ie applied Co the f�ill plyment of one or more Pe��iodic Paymenfe, suoh excesa may be applied to flny lake charges due. Voluntary prepa}nnents shnll be applied first to ony prepayinenti ckarges and Uien as descriUed in the Note. 24002996 NEBftA5KA-SingleFamlly-FannleMae7FretltllaMaaUNIFOftM I�5'fRUMEN'I' Form 3028 7101 VM P p VM P0(NE)(1106) W ol[ere Kluw ar Flnenalel 3ervices Page 4 of 1�