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��14��943 BURR�'VLIER CC3�ENANTS that Borravver is iawful�y seised af the es�a�e hereby con�eyed and has the right to gran�and convey the Prop�r�y and that the Proper�y is unencurnbered, except for encu�nbranc�s of recard. Borrflwer warrants and wi�l defend general�y�he tit�e t� the Property aga�ns� a�� c�aims and demands, sub��c�to any encumb rances o f record. 'T�IS SECURITY INSTR.UMENT cflmbines uniform co�enants f�r natianal use and n�n�uniform co�enants vv��h limi�ed var�at�ons by�urisdic�xon�o cons�i�ute a unifQrm securi�y instrumen�ca��rin�real pr�p�r�y. Uniform �o�enants. Borrawer an.d Lender�ovenan�and agr�e as follows: 7. Payment of �rincipal, Interest, Esc�row �tems. �'repayment Charges, and Late Cnarges. Borravver sha.�l pay when due the principal af, and�nteres�on, �he deb�e��denc�d by�he N'ote and any prepaymen� �harg�s ar�d�ate charges due under the No�e. Barrower shall als�pay funds far�scrow�tems pursuant�v Sec��n 3. Pay�r�.e�ts due under the Nate and this Security�nstrumen�sha��be made in V.S. currency. Hawe�er, if an�r ch�ck ar other instrument received by Lender as payment under the Note or�his S�cur�ty �nstrumen�is returr�ed�� Lender unpa�d, Lender may require that any ar a�l subsequen�paym�n�s due under �he Nat�and this S�cur�ty �nstrument�ae made in one ar mor�af the f�llowing f�rms, as selec�ed by Lender: (a}cash; �b}money order; �c) cer��ed check, bank check, treasurer's check ar cash��r's check, pro��d�d any such check�s drawn upon an iristitut�on v�vhose depos�ts are xnsured b�a f�dera� agency, ��.s�rumen�a�it�, or entity; ar�d} ��ec�ran�c Funds Transfer. Paym�nts are deem.�d re�ezved by L�nder�hen received a�the laca�ion designa�ed in the N��e or a�such other�a�ation as rnay be des�gnated�y Lender in accardance�i�h th�n�tic�prov�sions�n Section �S. Lender may re�urn an.y payme�xt or partial payment if the payment ar partia�paymen�s are�nsuff�czen�to �ring the Loan current. Lender mE.ay a�cept any paymen��r par��a1 payment insuf�czen��a br�ng �he L�an curr�nt, wi�hout�va�ver of any rights hereunder or pre�ud�ce to��s r�ghts�o refuse such payment ar part�a� payments�n the future, but L�nd�r is not obl�ga�ed to app�y such payments at the��me such payments are accept�d. If each Periodzc Payment xs applied as�f its sch�du�ed due da��, then Lender need not pay�nterest on unapp�ied funds. Lender may hn�d su�h unappl��d funds until Barrower rnakes payments to bring the L�an current. Zf Borro�er d�es not do sn w�th�n a reasanab��per��d af�xm�, Lender sha��ei�her apply such funds ar r�turx�them to Borrov�er. If nat appl�ed ear�ier, such funds w�l�be applied�o�he�utstanding pr�ncipal balance under the Note immediately pri�r�o fareclosure. No offset or claim which Borrov�er mi.gh� have novv or in�h�future aga�nst Lender sha�� re�ieve Borrawer from making paymen�s due under�he Not� and this Secur��y�nstrum�nt or perform�ng the co�enants and agreements se�ured by th�s Security Ins�rumen�. �. Application of Payments or Proceeds. Excep� as�therurise described�n�his Section 2, a�l paymen�s accepted and app��ed by Lender shal.l be applied in�he follo�ving order of priori�y: �a} in�eres�due under the Note; �b}pr�nc�pal due under th�Na�e; �c} amounts due under Sec��on 3. Such paymen.ts�ha�� b�app�i�d�a each Periodic Pa�ment�n�he order in vvh�ch x�became due. Any remazn�ng arnoun�s sha��be app�ied firs�t� �ate charges, second�a any oth�r am�unts due u�.der�h�s Secur�ty�ns�rumen�, ar�d then to reduce the pr�nc�pal ba�ance of the Not�. �f Lender rec�i��s a payxnent fro�.Borrower for a delinquent Periodic Paymen�vvh�ch�nc�udes a sufficien� amaunt�o pay any late charge due, �he payment may be applied ta�he delinquent paymenC a.�.d�he late charge. �f more than ane Periodic Paym�.en��s autstanding, Lender may apply any paym.ent re��i�ed fram Borra�ver to�he repayment af�h�Periodzc Fayments�f, and�a��e ex�en��hat, each paymen�can be paid in ful�. To the extent�ha�any exCess exists af�er�he payment�s app��ed�o the fu��payment of one or mar� Periodic Payments, such e��ess may b�app�ied to �.ny�ate�harges due. Vo�uzatary prepayments sha11 be appl�ed first to any prepayment charges ari.d th�n as descr�bed xn�he Note. N�BRASKA-Singls Family-Fannie MaelFreddie Mac�NIF�RM INSTR�M�NT �o�m�o�g��o� VMP� VMPfi4NEf(13Q2y WQ�4BfS K�iJWBf�11121C]CI�I SBfVfGBS Page 4 of 17