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201210888 BORROWER COV�NANTS tUat Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Property is unencumbered, except for encLunbrances of record. Borrower�varrants and w-ill defend generally the tifle to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRiIMEI�?T combines uniform covenants for national use and non-uniform covenants with limited caziations by jurisdiction to constitute a uniform security insh-iw7ent covering real properiy. Uniform Covenants. Borrower and Lender covenant and agree as follows: 7. Payment of Principal, Interest, Escrow Items, Prepaymenf Charges, and Late Charges. Borrower shall pay when due tkie prin9ipal o£ and interest on, ihe debt evidenced by the Note aad any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is retumed to I.ender unpaid, Lender may requue that any or all subsequent payments due under the Nofs and this Secur3ty Instrumenf be made in one or mose of the fo�lowing forms, as selected by I,ender: (a)cash; (b)money order (c) certified check, bank check, h-easurer's check or cashier's check, provided any such check is dra�vn upon an institution whose deposits aze insured by a federal agency, instrumentality, or en€ity; rn(d) Elecizopic Funds Transf�. Payuien#s aze deemed received by Lender when received at the locarion designated in the Note or at such other locafion as may be designated by Lender in accoxdance with the notice provisions in Section 15. Lender may retum any payment or partial payment if the payment or partial payments aze insufficient to bring the Loan current Lender may accept any payment or parqal payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the f¢ture, but Lender is not obligated to apply such payments at the time such payments aze accepted if eaEh Periodic Payment is applied as of i'ts scheduled due date, Yhen Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan currcnE. If Borrowex does not do so within a reasonable period of time, Lender shall either apply such funds or retum them to 13orrower. If not applied earlier, such funds will be applied to the outstanding psincipal balance undar the Note immediately prioi to fareclosure. No offset pr claim wtlich Boitower might have now or in the future against Lender shall relieve Borrower from makiu�payments due under the Note and this Security Instt�nment or perfonning the covenants and a�eements secured by this SecuriYy Instrument. 2. Application of Payments or Proceeds. Except as otherwise de,cribed in this Section 2, all paymerns 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) ainounts due under Sectian 3. Such payments shall be apglied to eaeh Peaiodic Payment in the arder in which it becama due. Any rPmaining�ounts shall be applied first to late cl�arges, second ro any other amounts due under this Security Instrument, and then to reduce the prinaipal balance of the Note. If Lender receives a payment from Bortower for a delinquent Periodic Pa}mient which includes a sufficient amount tp pay any late cl�arge due, The payment may be applied Yo the delinquent paymeart and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payxnent received from ' Borrower to The repayment of the Periodic Payments i� and to the extent that, each payment can be paid in full. To the extent that any excess e�sts after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. zaaasaas NEBRASKA-Sinqle Famity-Fannie MaelFredOie Mac UNIFOfUvI INSTRUPA BJT Porm 3028 1l01 VM P(a) VW P6(NE)(1'105) N/olters Kluw er Fntncial Services Pagt 4 ot t]