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��14�1354 B�RR�WER C�VENANTS that Borrower is Iawfully seised of the estat�hereby can��yed and has the right ta grant and con�ey�he Proper�y and that the Property�s unencumbered, except far encumbran�es of record. Barrower�varrants and will defend generally the tYtle t�th�Prop�rty against a�l c�aims and demands, subject tfl any encumbran�es�f record. THIS SECURITY INSTRUMENT cambines uniform co�enants for natianal use and n�n-uniform ca�enants with limited�ariat�ons by jurisdiction ta constitute a uniform security instrumen�co�ering real property. Uniform Co�enants. Borrower and Lend�r cov�nant and agree as fo��ws: "1. Payment af Principal. Interest. Escraw Items. Prepayment Charges, and Late Charges. Borrawer sha11 pay when du�the prin�ipal of, and interest on, the debt e�idenc�d by th�Note and any prepayment - charges and lat�charges due under�he Nate. Borrawer sha11 also pay funds far Escro�v Items pursuant�o Section 3. Payments due under the Note and this Security Instrument shal�b�made in U.S. �urrency. Hawe�er, if any check or other�nstrum�nt rec�i�ed by Lender as paym�nt under the Note or this SeGurity Instrum�nt is return�d to Lender unpaid, Lender may require that any or ail subs�quent pa�men�s due und�r the Nate and this Secur�ty Instrument be made in one or mare of the following forms, as selected by Lender: (a}cash; �b}money order; (c)Certi�ed ch�ck, bank check, treasurer's che�k ar cashi�r's check, pra�ided any such cheCk is drawn upon an institution�hose depos�ts are insurexi by a federa.� agency, instrumentality, or �ntity; or(d}E�ectrnnic Funds Transfer. Payments are d�emed recei�ed by Lender when recei�ed at the Iocati�n designated in the Note or at such ather�ocation as may be designated by Lend�r in ac,�ordance wi�h th�na�ice pro�isions in Sec�ion 15. Lender may return any paymen�or par�ial payment if the payment or partia.�paymen�s are insufficient tv bring th�Loan current. Lender may accept any payment or partial payment insuf�cient t�bring the Loan curr�n�, with�ut wa��er�f any rights hereund�r or prejudice to its r�ghts to refuse su�h payment or partial payments in th�future, but L�nder is nat obligated t�apply such payments at the time such payments are accep�ed. If each Period�c Payment is applied as of its scheduled due date, then Lender need not pay int�rest vn unapplied funds. Lender may hold su�h unapplied funds until Barrawer makes payments t�bring the Loan current. If Borrower does n�t do sa within a reasonable period of�ime, Lender shall either app�y su�h funds ar returx�them to Borr�wer. If not app�ied earlier, su�h funds will be applied t�the outstanding principal balance under the Note immediately prior ta fore�losure. No nffse�ar claim which Borrawer might ha�e now or in�he future against Lender shail reliewe Borrawer fram making pa�ments due und�r th�Note and this Security Instrum�nt or performing the cv�e�ants and agreements secured by this S�curity Instrument. �. Appfication of Payments or Proceeds. Exc.�pt as otherw�se descr�bed in�his S�ction 2, a11 payments aCcepted and applied by Lender shall be applied in th�f�il�wing�rder af priority: �a� interest due und�r the Nate; (b)principal due under�he Note; (c} amounts due under Sect�on 3. Such payments sha11 be applied ta each P�ri�di�Payment in the order in which it became due. Any remaining amaunts shall be applied f�rs�to late charges, secand t�any ather am�un�s du�under this Security Instrument, and then t�r�duce the prin�ipal ba.�anc�of the Note. if Lender recei�es a paym�nt fr�m Borrower for a delinquent Periodic Paymen�which includes a suffici�nt am�unt to pay any late charge du�, the pa�rment may be applied to the delinquent payment and the late charg�. If mnre�han one Per�odic Payment is outs�anding, Lender may apply ar�y payment rec�i�ed from Borrower tn�he repayment of�he P�riodic Payments if, and t�the ext�nt that, each payment can be paid in fu�l. To the ex�ent that any excess exists after the payment�s app�ied ta the fuli payment of�ne or more Periodic Payments, such excess may be applied�o any la�e charg�s due. V�luntary prepayments shall be applied firs�to any prepayment charges and then as d�scribed in th�Nate. NEBRASKA-S�ngle FamF#y-Fanrne MaelFr�ddie Mac UNlFQRM ENSTRIJMENT Form 3D�$11D1 VMP� VMP5�NE1 t1302�.Od Walters Kluwer Financrak Ser�ices Page 4 af 17