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201210487 BORROWER COVENANTS that Borrower is lawfully seised of the estare hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, excep[for encumbrances of record. Borrower warrants and will defend generally the title to the Proper[y agains[all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to co�stitute a uniform security instrumeM wvering real property. Uniform Covenants. Borrower and L.ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Sonower shall pay when due the principal of, and interest on, the debt evidence�by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pwsuant to Sec[ion 3. Payments due under the Note and this Securiry Inctrument shall be made in U.S. cuner�cy. However, if any check or other instrument received by L.ender as paymem under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b)money order, (c) certified check, bank check, treasurer's check or cashiePs check, provided any such check is drawn upon an institution whose deposits aze insured by a federal agency, i�strumentality, or entity; or(d)Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance wiffi the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficiern to bring the Loan current. L.ender may accept any payment or partial payment insufficient to bring the L.oan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not o6ligated to apply such payments a[the time such payments are accepted. If each Periodic Paymern is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. L.ender may hold such unapplied funds until Borrower makes paymerns to bring[he Loan current. If Bortower does not do so within a reasonable period of[ime, Lender shall either apply such funds ot tetum them to Bottower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Se�urity Instrument or perFornung [he covenants and agreements secured by this Security Instrument. 2. Application of Paymants or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the Following order of priority: (a) interest due under the Note; (b)principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied First to late charges, secoud to any other amounts due under this Se�urity Ins[mment, and then ro reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquem Periodic Paymern which includes a sufFcient amount to pay any laze chazge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment oF one or more Periodic Payments, such excess may 6e applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. NEBPASKA-SinBle Famlly-Fannie Mae/FreUdie Mac UNIiORM INSTPUMENT Porm 3028 1!01 VMP� VMP6INE)119051.00 Wolters Kluwer Financial Services Page 4 of 1]