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201211196 BORROVJER COVENt1NTS that Bonower is lawfully seised of the estaze hereby conveyed and has the right to grant and convey the Property and that the Property is unencuinbered, except for encumbrances of record. Borrower warrants and will defend generally the Ude to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifortn covenants for national use and non-unifonn covenants k ith linuted vaziations by jurlsdiotion to constitute a wuform seciuity jnstnunent eovering real property. Uniform Covenants. Borrower and Lender covenant and agec as follows: 1. Payment of Principal, Interest, Escraw Items, Prepayment Charges, and Late Charges. 13orrower shall pay when due the principal of. and'mterest on, fhe debt evidenced hy the Note and any pxepayment charges and late cYiarges due under fhe Note. Borrower shall also pay funds For Escrow Items pursuanh to Section 3. Payxnents due wider the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrumern received by Lender as payment under the Note or this Security Instrument is returned t0 Lender unpaid, Lender may require that any ox all subsequent paymenfs due under the Note and this Sccurity Instnunent be matle in one or more of the following forms, as selected by T ender: (a) cash; (b)money order; (c) cerCified check, bank check, treasurer's aheck or cashier's checl;, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instnunentality, or enflty; or(d)Electronic Funds'I'ransfer. Payments aze deemed received by L,ender when received at the location designated in fhe Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 1�. I,ender may retum any paymexiY or paztial payment if the paytnent or parEial payments u�e insufhcient to biing the Loan current. Lender may accept any payment or par[ial payment insufficient to bring the Loan current, without waiver of any rights 13ereunder ox prejudice to its r�ghts to refuse such payxnent or partlal payinents in the future; but Lender is not obligated to apply such payments at the time suc1�payments are accepteci If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on miapplied funds. Lender may hold such unapplied funds until Borro�ver makes payments to bring[he Loui current. If Borrower does not do so within a reasonahle period of time, Lender shall either apply such funds or return them to Bosou�cr. If not applied cazlier; such fimds will be applied to the outstanding pr;ncipal balance imder the Note unmediateiy prior to fareclosure. No olfset or claim wlrich Borrower might have now or in the'future against Lender shall relieve Borrower from making payments due under the N ote and tiiis SecUrity Instrun3ent or perFornring the covenants and a�eements secured by this Security Instnunent. 2. Application of Payments or Proceeds. EAcept as otherwise described in tlus Section 2, a11 paymerns accepted and ap�licd by Lender shall be applied in The following order of�n-iority: (a)iulerest due under the Note; (b)pxinelpal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in flie order in which it became due. Any remaining amounts sh211 be applied first to late charges, second to any other amouuts due mider this Sec�ity Instnunenf, and flien to reduce the principal balance of the Note. If Lendei receives a payment from Borrower for a delinquen[Periodic Paymen:which includes a sufficient amount to pay anp late chaz�ge due, the payment maq be applied w flie dalinquent payment aud the lai:e charge. If more than one Periodic Payment is outstanding, T ender may apply any payment received from Borrower to the repapment of the Periodic Payments if; and to the extent tl�a.t, each payment can be paid in fu1L To the�tent that any e,xcess exists after the payment is applied to the fixll payment of one or more Pe=iodic Payments, such excess may�be appliedto any late chazges dne. Volvntazy prepayments shall be applied first 4o any prepayment charges and then w descriUed in the NoTe. zaaoazei NEBR4SKA-Single Famlty-Fannie blae/Freddie Mac UNIFORM INSTRUM E�T Form 3028 17G1 VIvIP(� WolteS Klower Financial Serviees VM P5(NE)(1105j Page 4 o`t�