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201210954 BORROVJER COVENf4NTS that Borrower is l�wfiilly seiFed oP Ihe c.stiatic hcroUy conveyed and has the right to bri�ant vid coirvey Lhe Property and that the Property is unencumbered, excepC for encumbranccs of record. Sorrower waxrants and will dofond gcnerally the title to the ProperCy against �ll claims encl demanda, subjecC Co any encumbrances of record. THTS SECURITY INSTRUML+NT ooinbines Lmiform covenants for national tise aud aon-unif'orm eovenanta with limited variations by juriediction Yo coziatitute a uniform securiCy ins[nunent covering re�e1 prc�parry. UnifoYm Covenants. Borro�ver nnd Lender coven�nl�nd lgree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower ehall pay when due the principel of, vicl interest on, the de6t evidenced l�y tU�Note and any ptepayment chargos and late charges due unde� the Note. 13orrower shall �Iso pay£wids for Escrow Items purstiant to Seclion 3. Pa}ni�enta dLie undex the Note and lhie Sccurity Inst�'�mient sl�a1l Ue inade iv U.S. cmrency. However, if any cheok or other inati•ument receiveci 6y Lender as pa}�inenC undcr the Notc or fl�is Secmity Instnunent is returned to Lender unpaid, Lender may reqture thaY uiy or ell subseqnent paytnents due under thc Note and tltie S�curity Titish•urocr�t bc madc in onc or more of the following forms, as selecteci by Lender: (a) oash; (b) money order; (c)aet[ifiecl oheok, bank check, treasurer's check or cashier's chccic, provided aoy such check is drawu upon an institution whaae deposits are Insured by a federal�geney, instnm�entaliLy, or entity; or (d) F.lectronic Funds Trvisfer. Payme�xts are deamed received Uy Lender when received at the location designated in the Note or at such other locataon as may Ue designaEed Uy T znder in accorclance with the notice provisions in Section 15. Lender may Yct�u•n anq paymcnt or partial plyment if Yhc}3ttyn�cnt or parNa7 payments are ineufFicianf to bring Che Loan ctvrenC. Lender may aooepC any paynlent or p�rtial payii7enC insufficicnt to bring the L oan cLurent, without wAiver of auy righes hereunder or prejudioe to its righfs to refiise such payment flr p�ixtial payinents iu the futwe, bnt Lender is not oUligated to apply such payinenis at the Cuna such payments are accepted. If each Neriodic Payment is applied as of i6e scheduled due date, flien Lcnder need not pay intoresti on unapplied funds. Lender may hold euch Luiapplied funds until Borrower malzes payments to Uring the Lo�n cm'reut. If Borrower doe,s noti do so witl�iu a reasonable period of tiime, Leuder sl�all either apply such fw�ds or rcturn tl�ein to Borrower, ff not applicd oarlicr, s�uh funds will bc app1ied to tho outstanding� principal Ualazioe imder the Note iimnedinfely prior ko foreolosure. No offseC or claiin which Borrower might have now or in Uie future against Lender shall relieve Borrower from making payments dtte under the Notie and this Sccwity Lnstrumai�t or perforuiing tl�c covcnants and agrocmc�nts scc�u•ed by tl�is Socwity I�istrumenC. 2, Applicat7on of PaymenYs or Procoeds. Lxcept na otherwise described in this Sec[ion 2, all payments accepted and applied Uy Lender shall be applied in the Pollowing order of priority: (a) iuterest due tmder the Note; (b)principa1 duc undcr the Note; (c) amounia duo timcler Sccfian 3. Such pa}n��c��ts s1�a11 bc applied to each Periodic Pnyment in the or�ler in which it hecune due. Any retnaining nixiounfs shnll be applied firsti[o laCe charges, aecond to any other wioimts dua aidar fhis Secwity Instruinent, and Yhen to reduca the principnl balance of the Nok;. If'Lender receives a payment fi'om Borrower for a delinquent Periodic Payinent which includes a suificient amotiurt to pay any lake charg6 dtiie, thc payment niay be applicd to tho delinqtitent payment and t11a late cl�atga If moro tl�an one Periodie Payment is ou0standing, Lender u�ay apply any paymenS reoeived li�om Borrower to the repayment of the Periodic Payments iF, and to fhe exYent that, ench pa}nnent can Ue paid in fulL To Uie extent th�t any excess exists a'fter llie payment is applied to tlie fiill payinent of oue or more �'oriodic Papnentrt, such excess inay bo ap�lied Co any latc ohaiges due. Valuntary propapi�ente sl�all bc �pplied firet eo any prepayment charges aud tlzen ns described in tlie Note. -- — — 24003144 NEBRHSKA-SipylefaYnlly-PannieMae/FredtlleMacllNIFORd4 WSTRUMENT Forro 302817�1 VM P p VM P6(NE)(i'1051 Wolters Kluwer Flnxnclel Servicea Pege 4 of 17