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��14�15�� B�RR��ER��VENANTS th�.t Borro�ver is Iawfully seis�d of the estate her�by conveyed and has the right ta grant and c�nvey�he Property and that th�Property is unencumbered, except for encumbrances of recflrd. B�rrawer warrants and�vill defend generally the title t�the Property agains�aII c�aims and demands, subj ect�o any encumbrances of record. TH�S SECURITY INSTRUMENT comb�nes unzform cov�nants f�r national use and non uniform covenants�vith limi�ed var�at�ons by jurisdiGtion ta consti�u�e a uniform security instrument ca�ering real proper�y. Ur�ifarrr� ��rrenan��. Borrow�r and Lender covenax�t and agre�as follows: 1. Payr�ent vf Princrpa[, �nt��est, Escrovv Items, Pr�payrrnen� �ha�ges, an� Late �harges. Borrawer sha�l pay vvhen due the prin�ipal of, and inter�st on, the d�bt�vzdenced by the Note and an�prepayment charges and Iate charges due under th� Note, Bflrro�ver shall alsa pay funds for Escrow I�ems pursuant to Sectzon 3. Payments due under the Note and this Securit�Instrument sha��b�made in U.S, currenGy. Hawe�er, if any chec�ar other instrument receiv�d by Lend�r as payment under the Note�r�his Se�urit� Instrument is re�urned to Lender unpaid, Lender xnay require that any or a11 suhs�quent payments due under the Note and this Security Ins�rument b�made in one or more of the follovvzng forms, as selec�ed by Lend�r: �a} �ash; �b}money order; �c�c�rtified check, �ank check, treasur�r's check or cashier's check, provided any such check is drawn upon an ins�itution whose depos��s ar��nsured by a f�deral agency, instrum�nta�ity, or entity; ar �d} E��ctronic Funds Transfer, Paym�nts are deemed rece��red by Lender when r�ceived at th�locat�on des�gnated in the Note or at such other Iocatian as may be des�gnated by Lend�r in a�cardance with�he not�c�provision� in Section �.5. Lender may re�urn any payment or partial payment if the payment or partial payments are insuff�cxent to bring the Loan current. Lender may a�cept any payment or par�ial payment insufficier��n bring the Laan current, Without waiver of any rights hereund�r ar prejudice to its rights to refuse�uch pa�ment or partial paymen�s �n the future, hut Lender�s not oblzga�ed to apply such payments at the t�me such payments are accep�ed. If�ach Per�odic Payment zs appli�d as of its scheduled due date, �h�n Lend�r need not pay�nter�st on unapplied funds. Lend�r ma�hold such unapplied funds untzl Borrower makes payments to brzng�h� Loan current. Zf Borrawer daes not do so within a reasonab�e per�od af time, Lender shal�e�ther apply such funds or return thexn t�Barrower, 7f n�t applied�ar��er, such funds wi�l he applied to the auts�anding principal�aXan�e under�he Note immediate�y prior t�forec�osur�, No offset or claim u�h�ch Borrower might have now or in the future against Lender shaX�reli�v�Borrower from making payments due u.nder the Note and this S�curity Instrum�nt�r p�rforming th�co�enants and agreem.ents secured b�this Security �ns�rument, �. ►4pp�ication o� Paymer��ts o� P�oceeds. Except as otherw�se descr�bed�n this Section�, al�pa�m�nts ac�epted a.nd applied b�Lender shall be applied in the fo�Iowing order of priority; (a} interest du�under the Note, �b�princzpal due under the Note; �c� amaunts due und�r Se�tion 3, Such payments sha�I be app�ied to each Perzodic Pa�ment in the arder�x�vvhzch�t�ecame due. Any remaining amounts shall be applied first to late charges, second to any a�her amou��s due under this Security�nstrument, and�h�n to reduce the pr�ncipa�balarrce of the No�e, If L�nder receives a pa�ment from Borrower for a de��nquent Periodic Paym�nt whrch includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent paymen�and the late charge. �f more than ane Periodic Pa�ment zs outstand�ng, L�nder may apply any payment r�ceived from Borrower to�he repayment af th�Per�odzc Payments if, and to the extent�ha�, �ach paym�nt can be paid in fu�I. To the extent that any ex��ss exzsts after th�payment�s appl�ed to the full payment of or��ar more P�riodic Payments, such excess may be applred to any�at�charges due. V�Iuntary prepayments sha�l be appli�d first to any prepayment charg�s and then as descrihed in the Note. N�BRASKA-Singfe�amily-Fannie MaelFreddie MaG L1Nl�DRM INSTRUMENT �orm 3tJ28 11CJ7 VMP(] VMPG(NE}[13�2y Wvlt�rs Kluwer Financial Ser�ices Page 4❑f 17