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��14��9�1 B�RR�WER. C�VENANTS�ha�Barr�wer�s�awfu��y s��sed of th�esta�e hereby�onveyed and has�he r�gh�to grant and Con�ey �he Pr�per�y and that th�Prop�r�y �s unencumber�d, exc�pt for encumhrances�f record. Borrow�r warrants and w��I defend general�y�he��e tt� the Pr�per�� agains�a�� claims and demands, sub�ec��o any encumhranc�s of re�nrd. THIS SECUR�TY�IVSTRUMENT com�ines uniform covenants for nat�ana�use an� non-uniform covenan�s wi�h �imited�ariations by jur�sdic�ion�o constitu�e a uniform security znstrum�nt coverzng rea�praper��, Uniform �o►r�nants. B�rrawer and Lender co�enan�and agr�e as follows: �. Paymer�t of Princ�pal, lnterest, �s�row ltems, Prepayment Charges, ant� Late Gharg�s. B�rrower sha�l pay when du�th�principal of, an�interest on, the d�bt e�id�n�ed by the N�te and any prepayment �harges and�ate charges due under the Nate. B�rrovwer shal� also pay funds for Escrow I�em�pursuan�tQ 5��on 3. Paymen�s due under the N��e and th�s Secur��y �nstrument shal�be made�n U.S. currency. Hovvever, if any check or o�h�r�nstrurnent re�ei�ed b�Lender as pa�m�nt under the Not��r�h�s Se�urity �ns�rument is returned t� Lender unpaid, Lender may require that any or aI� subsequent paym�n�s�iue under the Na�e and this Securit� Ins�rument be made in ane ar more of the f�llowing forms, as s�lected by Lender: �a} cash; �b} m�ney order; �c} cer�if�ed cheGk, bank check, �reasurer's check or cash�er's check, pr�vzded any such check is drawn upon an insti�ution vwhase depos�ts are insur�d by a federa� agency, instrumen�a��ty, or en�i�y; nr�d} E�ec�ronic Funds Transfer. Payments are deem.ed rec��ved�y Lender when recei�ed a��he location d�signated in�he No�e ar at such other�ocat�on as may be de�igna�ed by Lender in accordance with the notice pro�isions �n Se�tion 15, Lender may return any paymen�ar par�ial payment if the pa�men�or partial paymen�s are insuff�cient ta bring�he L�an curren�. Lender may accept any payrnent�r par�ial payment�nsuf�c�en��a bring�he Laan curren�, without�a�ver af an�rights hereunder or prejudice to i�s r��hts�o refuse such pa�ment or par��a� payments in the futur�, but L�nder�s not obi�gated to appl� such payments at th�time such payments are accepted. Zf each Periadic Payment is app��ed as of�ts schedu�ed due date, then Len�.er need not pay interest on unapp��ed funds. Lender may ha�d such unapp��ed funds unti� Borrower makes paym�n�s t�bring the Loan curr�nt. �f Barrflwer does not do so with�n a r�asonable period�f�ime, Lend�r sha��either app�y such funds ar r�turn them�o B�rrower. �f not applied�ar�ier, such fun�is wi��be appl�ed tQ the�utstanding principal ba�anc�under�he Note immedia�el�pr��r to foreclosur�. No affset nr c�a�m which Barrawer might ha�re now or�n th�fu�ur�against Lender shall rel�ev�B�rrower from nzak�ng payments due under the Note and this S��urity �nstrument�r perf�rmi.ng the��v�nan�s and agreemen�s secured by th��Secur�ty �ns�rumen�. �. Application af Payments or Praceeds. E�cep�as atherwise d�scrib��in�his Se�tion 2, a�l paymen�s accep�ed and app�ied b�r Lender s�al�be applzed in th�fol��wing ord�r�f priori�y: �a} �nterest due under the N��e; �b}principal du�und�r t�e Note; �c} amoun�s due under S�cti�n 3. �u�h paymen�s sha�l b�appli�d t� each Peri�dic Paym�nt in th�ord�r in�vhich it be�ame due. Any remazn�ng amQu�n�s shall be applied �rst to �a�e charg�s, sec�rzd to any other amaun�s due under this Secur�ty �n�trunZent, and�hen to reduCe�h� principal ba�ance nf th�Nat�. �f Lender rece�ves a payment fram Borrower for a de��nquent Periodic Paym�nt wh�ch inc�udes a sufficient amount t�pay any late char�e due, t�e paym�nt may be app��ed to the delin�uent pa�m�n�and th�late charge. If mare�han❑ne Perzod�c Pa�men� is ou�standing, Lender may app�y any payment re�ei��d from Borrower t� �he repayment of the Periodic Payments if, and�o�he exten��hat, each payment can�e paid in fu�I, To th�ex�ent that any exc�ss exis�s after�he payrnen� is app��ed�o�he full payment of one or more Perxad�c Pa�men��, su�h ex�ess may be ap��x�d�a any�ate charges due. V�luntary prepaym�nts sha��be app��ed f�rs��o any prepa�ment�harg�s and th�n as descr�b�d in the Note. N�BRASKA-Singt��amily-Fannie MaelFreddie Mac�N1FaRM INSTRUMENT ��m 3oz$�io� VMP� VMPS{NE)t�3Q�y Wotters KIuw�r�in�nci�l 5er�i�es Page 4 vf 17