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201210796 T30RROWER COVENANTS th�C Borrower is lawfully seiseci of the estaCe hcrcUy conveyed and has the right to grant and convey ihe Property nnd thnt the Property ia LmencLunUered, excepC for encinnbrances of record. Barrower wu•rantis and wi11 def'end generally the riHe to Che Property against all claims and demanda, sub,ject to a�ry encmnbranoes of record. THIS SECITRITY INS7'}2IJM�NC aomUines miif'orin covenants for uational use and non-uniform covenanCs with limited vaz�iatione by jl�risdiotion Co eoi2stitute a unifonn seourity instrumenC covering real property. Uniform Covenants. Borrower and l,elider covenant and agree as follo�vs: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrowcr shall pay when dun Hio piincipa1 of, and interest on, Yhe debt evidenced by the Note aud any prepayment cUarges �id late charges due under the Natc. Borrower shall also pay funds for Eacrow Iten�s pursLu�nt to Section 3. Payments due midar tlie Note and this Seeurity Insli�nnenf shal l be made ui U.S. cutrency. However, iP any check or othcr instrmnent received by Lender as�a}nnenC�mder thc Note ox Uiis Security InsY�tunent is returned to Lender unpaici, Loudcr m�y teqnire Uiat any or nll subsequeu[paymente duc under tho Note and This Sacurity Instrtunent be made in one or moro of the following f'orina, as selected Uy Lender: (a) cash; (b)mnncy order; (c) cerCified check, bank check, Lreasurer's chcck<>r czshie�"s check, provicled any such ohecic is drnwn upon an institiution w1iose deposite aa'e insured Uy n federai ngency, instrumcntality, or entity; or (d)Electronie Punds Tr�msPer. Payments are deemed received by Lcnder when received ati the location designated in tho Noto or at such othei locatiou as may be designated by Lendcr in accordance wiUi the notice provisions in Seckion 15. Lendcr inay r�tum any pa�yinenY or partiAl paytnent if flie payn2cnt ot partial pa�ymenYs are insufficient to Uring the Loan curront. Lender may accept any payment ox partial paqmcnt insufficient to Uring the Loen current, without waiver of any rights I�crcander or prejudice to its righte Yo izfuae such paymciit or partial payments in the future, but Lender is noi obligaked Io apply such payments ak the time suoh paymenfs arc flcoepCed. If each Pc�riodic Payment is applied as of its soheduled due datc, then Lender need noC pay interest on tniapplied fimcls. Lender mz�y l�old snch titnapplied iunds until Borrower n�2lces paynrents to bruig the l.oaai current. It'Borrower does not do so wiHiin a rcasonaUle period of'Yime, Lender shall eilher apply sucU funds m�retwn thein to Borrower. Tf not ppplieci earlier, sucl� Funds will be ap�lied ta the ouesf�nding priiioipal halance unde� the Note iirunediately prior to foreclosm�e. No offsct or clai�n wl�ioh Borrower mighY have now or in Yhe fuhire agninst Lendei shall rclicve Rorrower fi�oui making payin�nts due tmder tho Note and this Securitq Instrument or performiug the couenenls and agrccincnts secured by Yhis Secw•ity IneG•irment. 2. Application of Payments or Proceeds. ExcepY as otherwise descril�ed in thie Section 2, all paymente �ccepted and applied by Lender shall beappliod in fhe following oider of priority,: (a) inlcrest due u�lder tlie Note; (b)principal due undec the Note; (e) cunouuCa due under Section 3. Such payinents shall be npplied k� ench Periodic Paymeiit in the orcier in which it became due. Any remaiuing amowrts shall be applied fiist to late chu�gas, second to any otl�er am�unts due mider tlus Sectu'ity Tnstcumeut, vid Chen to rednce the principal balauce of the Note. If Lender receivea a paymenC feom Boreower for a delinqttent Pariodic Pn}nnenC which incl�tdes a eufficieut amount to pay any late cherge due, ihe paymenC niay Uo applied to tha delinquent pnyinenf and kl�o late ch�rgo, If more than one Periodic Paymeut is oulatauding, Lender may ap�ly auy payment received fi�oin Borrower to flie repaymenC of the Yeriodic Payments if, uid to the exteut that, each payment can Ue peid in fu1L To the extient that any excess ez7sl�s afrer fl�c payment is applied to the full p�}nnent oF unc or more Periodic Yayments, such excess may be�pplied to any late chargca dLie. VolmiCary prepayments sl�all be applied ffrs[[o u�y prepaymcnt charges aud then es described in Che NoCo. 240030]8 NEBR45KA-Single f-amily-Fannle MaclFreAdlc M112c UNIFORh1 INSI'RUM ENT �orm 3026 1101 ��P� VM PB(NE)(1106) Wollers Kluwer Flnenclal Services Pape Q oi 1]