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��14�15�� B�RRC]�ER��VENANTS that Borrower is Iawfully seised of�he�state hereby conveyed and has the right t� grar�t and convey�he Property and that the Proper��s unencumbered, except for encumbrances of rec�rd. Borrower warrants and will defend general�y the t�t�e to the Prop�rty against a1X c�aims and demands, subject ta any encumbrances�f recard. TH�S SECURITY INSTRUMENT comh�nes unifarm covenants for natronal use and non-uniform covenants with Iimit�d�ariatians by�urisdic�ion to constztute a uni.form securit�instrument caverzng real property, L]n�fvrm Cv�enants. Borrower and Lender co�renant and agree as follo�s: 7. Payment vf P�"rncipa�, Inte�es�, Esc��v� �tems, Prepayment �ha�g�s, and La�e �harges. B�rrower shall pa�r when due�he pr�ncipal�f, and int�res�an, the de�t��denced by the Note and any prepaymen� charges and Iate charges du�under the Note, Borrower shalX also pay funds for Es�raw I�ems pursuant t� Section 3. Payments due under the Note and this S�curity Instrument sha��be made�n U,S. currency. Howev�r, zf any ch�ck or oth�r�nstrum�nt r�cei��d by Lender as paymen�under�he Not�or th�s 5ecur�� Instrument is return�d to Lender unpaid, Lender may requ�re that any or a.11 subsequ�n�payments due under the Nate and this Security�nstrument be made�n one or more of the f�lio�v�ng form�, a� selected by Lender; �a} cash; �b}mone�ord�r; �c}cert�fzed check, bank che�k, treasurer's ch�ck or cashi�r's check, pr�vzded any such check�s dra�vn upon an inst�tutron whose deposits are insured by a federal agency, �nstrumental�ty, or en�ity; or�d} Electranic Funds Transfer, Payments are deemed received�y Lender vvhen rece�ved at th�Iacation des�gnat�d in the Note or at such other Iocation as may be des�gna�ed 1ay Lender in accordance v�ith�he not�c�provisions in Section 15, Lender may re�urn any payment or partial payment if the paymen�or partial paymerits are insuffic�ent to br�ng the Loan curr�nt. Lender may acc�pt any pa�ment or part�al pa�ment rnsufficient to bring th�L�an current, wi�hflut�vaiv�r of any rights hereunder�r prejud�ce to its rights to refuse such paym�nt or partial payments �n#he fu�ure, but Lender is not oblzga�ed to apply such payments at�he t�me such payments are accepted, �f each Periodi�Payment is app��ed as of its scheduled due date, th�n Lender n�ed no�pay inter�st on unapplied funds. Lender may h��d such unappli�d funds until B�rr��v�r mal�es payments to bring the Laan current. �f Barrower does na�da so within a reas�nable��rifld of t�m�, Len�er�hall either apply such funds ar return them to Borrawer, If not app�ied ear�ier, such funds wi��be applied�o the�utstand�ng prin�ipa�balanc�und�r the No�e immediately pr�ar to forecXasure. No offset or c�aim which Borrower might have naw or in the fu�ur�against Lender sha�l r��e�e Borrower from making payments due under the Note and this S�curity rns�rument or performing the covenants and agr�ements secured b�this Security Instrument. �. ►qpplica��n ❑f Paymen�s or� P�oceeds. Excep� as ntherw�se descrxbed�n this S�ction�, a11 payrn.ents accepted and app��ed by Lender shal�be app�i�d in the fo��ovv�ng order�f priority; �a} in�eres�due under�he Note; �b}princ�pal due under th�Note; �c} amounts due und�r Section 3. Such paymen�s sha��be app��d t� each Periadi�Paym�nt in the order in whzch zt became due. Any remaining amounts shall b�app�ied f�r�t ta Iate charges, s�cond to an�other amoun�s due und�r�his S�curi�y Instrument, and�hen to reduce the princrpal balance of the Note. � �f Lender rece�v�s a paymen� from Borrotiver for a delinquerit Per�od�c Paym�nt vvhich includes a suffic�ent amaunt�o pay any late charge du�, the payment may be app��d�o the delinquent payment and the�a�e charg�, If mflre than ane P�riadi�Payment is�uts�anding, Lender may apply�ny paymen�received from Borrawer to the repayment of the Per�od�c Payments if, and�o the extent that, each paym�nt can be paid in full. To the exten�that an�excess exis�s aft�r the payment is appl�ed�o�he full payment of or�e ar mnre Periodic Paymen�s, such excess may be appl�ed tn ariy late charg�s due. Voluntary prepayments sha��be appl�ed firs�to any pr�paym�nt charges and then as descr�b�d in th�Note, N�BRASKA-5ingle Famify-�annie MaelFreddie Mac UNIF�RM 1N5TR�M�NT Farm 3�28 i l�1 VMP Q VMPEfN�y�13�2j Wn�ters 1Cluwer Financial 5�r�ic�s Page 4�f 17