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201211193 BORROWER COVENANTS that Borrower is lawfially seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encuinbrances of record. Borrower warrants and wil!defend generally the title to the Properiy against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUM�NT combines uniform covenarits for national use and nan-uniform coveaants with limited variarions byjurisdicrion io constitute a unifozm securify insh-ument covering real properry. Uniform Covenants. Borrower and Lender cove�iant and agree as follows: 1. Payment of Principal, Irrterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and intere�t on, the debt evidenced by the Note and any prepayment charges and late ch�ges due under the I�Tote. Boaower shall also paq funds for Escrow IYems pursuant to Section 3. Paymeuts due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other inslniment received by Lender as payment under the Note or this Securiky Instnmient is retumed 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 oY the folfowing forms; as selected by Lender: (a) eash; (b)money order; (c) certified check, bank check, treasurer's check or cashicr's check, provided any such check is drawn upon an institution whose deposits aze insured hy a federal agency, instnunentality, or enfity; or (d) Eleet�onic Fmtds Transfer. Paym.entS aze dcemed received by Lender when recei.ved at the location designaTed in the Note or at such other location as inay be designated by Lender in accordance with the notice provisions in Section 15. Lendu may retum any payinent or partial payment if the payment or partial payments are insufficient to bring the Loan current. I.ender may accept any payment or paztiat payinenY insufficient to bring the Loan current, without waivez of any rights hereunder or prejudice to lts rights to refuse sucb payment ar parrial payments in the future, but Lender is not obligated±o apply such pa�,�ments at the time such payments aze accepted. If each Peziodic Payment is applied as of its scheduled due date, flien Lender need.noY pay irnerest on unaQplied funds. Lender may hold such unapplicd funds until Borrower makes payinents to bring the Loan current. If Borrower does not do so within a reasonable period of tune, Lender shall either apply such funds or return them to Bonowet. If not applieci earlier, such funds will be applied to the outstandmg prineipal balance under the Note immediately pzior 4o ftrreclosure. No offset or claun which Borrower might have now or in the future against L ender shall relieve Borrower froin making payments due utider the I�Totc and this Security Insh-ument or perforniing Lhe covenants and agreeinents secured by this Security Instirument. 2. Application of Payments or Proceeds. Except as otherwise clescribed in this Section 2, all payments accepted and appfied by i,ender sb2.11 be applied in the following oxder pf priority: (a)interest duc undc;the Note; (b)principal due undzi the Note; (c)unounts due undex SecYion 3. Such oayinents shall be applied tp each Periodic Payment in die order in w-hich it became due. Any reinaining amounts shatl be applied first to late chazges, second to �y other ainaunts due und�this Security Instrument, and then to reduce the principal balance of the Note. If Lendex xecaives a payment from Borrower for a delinquent Periodic Payment which includes a sufFicient atnount to pay any late chazge due; the payment may be a�lied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Bprrower fo the repayment of the Periodic Payments if, and to the eatent that, each gaymeirt can be paid in full. To[he extent that any excess exists after the payinent is applied to the full pa}nnent of one or more Periodic PaymenTs, such escess may be applied to any late charges due_ Voluntary prepayiueuts shall be applied first to any prepayment charges and then as described in the Note�. zaaoazz� NEBRASKA-Single Famity-Fannie hlae/Fretldie A4ac UNIFOriM11 IrySTRUh1 ENT Fo�m 3028 1/01 VW P� VtdP6(NE)(1 t OS) Nlolt=_rs KNwe�Financial Services Page4 ot 1]