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201211203 BORROWEK COVENf1NTS ChaC Borrower ia lawfiilly seised of the estate hercby conveyed nnd has the right to grant and convey khe Vroperty and thnC the Yroparty is unencuu�6erad, except for encumbra�ices of record. Borrower warrants end will dcfend generally fihe Litlo to the Property against all clainis and demands, subjeot to any encumbrances of record. THIS SECURITY INSTRUML�N'1'cotnbines uniform covena�rts £or nfltional use and non-uniform arvenurts with limifed v�riations by jurisdiction Co conetitute a uniform security u�stemnent covering real property. Uniform Covenants. Borrowcr and Lender covenant and ap;reeas followe: 1. Payment oF Principal, Interest, Cscrow Items, Prepayment Charges, and Late Charges. Borro�ver shall pay when due Ehc�principal of; and inlerest on, the debt evidenoed by t11e Nota and nny prepayment charges and late charges due under Che Note. Borrower ahall also pay fiuids for Esarow Items pursnant to Section 3. Psymenl's due under the Note and fhie Sccurity Instrument ahall be mada in U.S, currency. H,owever, if any cheok or ntihor-inst�wnant received by Lender as payment under f1�e Note or Yliia Security Insenunont is returneci to Lender unpaid, Leuder may xequire that any or all subsequenl payments due under the Note and Cliis SecLuity Instrwnent be v�ado in one ar more of the followiug forma, as seleoted by Lender: (a) casl�; (b)money order; (c) certifiecl eheok, bank cl�eck, t�easw�er's ohecic or cashier'e cheok, provided any such check ie drawn upov �r1 institution whose deposit�are insw ed by a federal agency, Inshwnentality, or entity; or (d)Eleck•onic Funde 7'ransfer. Payments �re deemed received by Lander when received at the location designa6ed in tlie Nota or at such oYhe�'location ae may be designated by Lender in aecoxdanoe wiU�tha notice provisions In Scotion 15. Lender v2ay rotum any paymenC or ptu�lial payment if tl�e paymeut or parCfial payments tu•e insufGciont to bring the Loan curront. I;euder inay accept.amy payine:nt c�r partial payment ivsuf6oieut Co Uring the Loan curxeut, without waiver of tury righte hexeunder or prejudice Lo its riglrts to refirae euch payincnt or partial payn�ents in the future, but Lender is not obligated to apply suoh pay�onts at flia time such payit�ente are accept�d. IP each Neriodic Payment ie applied as of its scheduled due date, uhen Lendar need not pay interest on unapplied fimds. Lendcr tnay hold euch unapplied Pund�uukil Borrower mnkes payments to Uring the T.oau current. If Borrower doce not do so within a reasonnble period of time, Lender sl�nll cither apply such fimde or retiun them to Borrower. If not applied eulier, ench funds will be apj�lied to the onCafanding prineipal b�lancc�mider tha NoYe immediately prior to£oreclosw•e. No ofPFct or clann wlrich Borrower rnighf have now or in tlie future against Londcr sl�all relieve Barrower from makiug payments due under tlie Note and this Sectvity Instrmnent or performing 11ie covenanTs aaid agreemente sccured Uy thie Security Instruuient. 2. Application of Payments or Proceeds. Eaccept ae otl�er�vise described in this SecYion 2, all payments acceptcd aaid applied by Lender ahall Ue applied in the following order of priority: (a) interest due widar the Note; (b)priucipal due under the NoCe; (c) amomrte due under Seotion 3. 3uch pa�nnents shatll be npplied to each Perioclic Pay�nent in the order in wtvch it becamc ciue, tliry remeining zmowrte shall be applied Grst to lata charges, seeond to any other amounts due under ulus SecLu•ity InsGument, �uid tlion to reduca the principal balance of the Nohe. If Lender xeeeives n paymont from$on•ower frn•�delinquent Periodic PaymenC which includes a suf6cient amount to pay any late chnrge duc, tha paymcut inay be applied to the delinquent p�ymenC and the late charge. If mure than ona Periodio PaqmenC ie outstauding, Lencler m1y apply any payment reoeived fi•oin Borrower to the repayinent of the Periodic Pnyn�enfs if, ai�d to fhe extent Cliae, eacli p�yineut can be pnid in fud. 'Co tlae axtent that 2ny exoess oxists after Uia payment is applied to the full paymeuC of oue or mora Periodic Pay�ne��ts, sncli excese may be appliod to any late ohazgea dua, Vpluutary prepaymenfs shall be applied first Co any prep��mient clku•ges nnd then ae deac��ibed in the Note. 24003235 NEBf+ASKA 9in91eFamIly�FannleA4eelFreddleA7ac UNIfORA7 INSTRUMf:NT Form 3028 1/07 ��P� VM P6�NE)(1105) Wdtera Klmver flnanclal Sorvices Pape 4 of 17