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��14�314� B�RR.�WER C�VEI�ANTS that B�rr�wer is lawfully seised of the esta�e hereby��n�eyed and has �he r�gh�to gran�and�onv��he Proper��r and that the Praper�y is unencumbered, �xcept fflr en�umbrances af re��rd. B�rraw�r�arrants and w��l defend g�nerally the tit�e to�he Pr�per�y agaxnst a��c�a�ms and d�mands, sub�ect�o any encumbranc�s of record. T��S SECUR�TY INSTRUMENT c�mbin�s un�form��venants for nati�na�use and non-uniform covenan�s with limi�ed variatians b�jurisd�ct�on ta constitut�a uniform s�curity instrument cover�ng real prop�rty. Unifa�m Co�enants. Borrov�er and Lender covenant and agre�as f��o�vs: 7. Payment of Principa�, �ntereSt. Escrovv Itemsr Prepayment Charg�s, and Late �na��es. B�rro�er sha��pay�vhen due the przncipa� of, and inter�st an, the debt e��denced by the No�e and an�prepaymen� charges and�a��charges due under�he N�te. Borrower sha�� a�so pa�r funds far Escraw �tems pursuan�t� Sect�on 3. Payments due under the Nat�and this S��urity �ns�rument sha�l��made�n. U.�. currency. Howe�er, �f ar�y check or o�her�ns�rument re�eived by Lend�r as payment under th�Note or th�s Security �nstrumen��s re�urned to Lender unpa�d, Lender may require that any or aI� subsequen�paymen�s due under the Nate and thxs Security Instrument�e xnade�n nr��nr m�r�of�he fa�lovving forms, as se�ec��by Lender: �a} cash; �b}m�ney order; �c}�er�if��d�heck, bank check, treasurer's check or cashi�r's ch��k, provi��.any su�h�heck zs drav�rn up�n an �nsti�ution whase depasx�s are insured by a federa� ag�ncy, instrumental��y, ar ent��y; ar�d} ElectrQnic Funds Transf�r. Payments are deemed re��xved by Le�d�r wh�n rece�ved a��he�ocat�on des�gna�ed in the Note�r at such ��her�ocati�n as may�e desxgnat�d b�Lender in accordance��h�h�n��ce pro�r�s��ns in Sec��on �5. L�nd�r may return any paym�ent�r par�ia�payment if the pa�ment or par�ia�paymen�s are insuffic�ent�o br�ng�he Loan curren�. Lender may accept a�a.y payrn�r�t�r par�ia�payment insufficient to br�ng the L�an curr�nt, wi�haut wa�ver af any rights h�reunder�r prejudice to i�s right� ��r�fuse such paym�n�or par��al payment� in�h�fu�ure, but Lender is no�abligated t� app�y such paymen�s at�he��me su�h paym�n�s are ac�ep�ed. �f each Per�od�c Pa�ment is appl�ed as af its schedu�ed due da��, then Lend�r need nat pay znter�st on unapp��ed funds. Lender may hold such unapp�ied funds unti� B�rrow�r makes payments t��ring th� Loan current. �f Borrower does no�do so w�th�n a reasonab�e period of time, Lender shall either apply�uch funds or return�hem to B�rrawer. �f n�t app��ed earlier, such funds wil�be applied to the auts�anding principal balance under th�Na�e immediately priar�o foreclosur�. No offse�ar clairn which B�rrawer m�ght ha�re now or in the fu�ure agains�Lender shall reii��e Borrawer fr�m mak�ng payments due under the No�e an�this Secur�ty Instrumen�ar perf�rm�ing the cov�r�a�t� and agreements secured by th�s Securzty Instrument. 2. Applicati�n �f Payments or P��ceeds. E�cep�as othervc�ise described in�his Sect��n 2, a11 payments accepted and applied�y Lender shal�b�app�ied in the f��awing order of przorzty: �a} interes�due under the No�e; �b}principal due under the Note; �c} am�un��due under S�ctzfln 3. Such paymen�s shall be appiied to �ach P�r�od�c Payment in the order�n v�h�ch�t be�am�due. Any remaining aamounts sha��be app��ed�rst ta �ate charges, second ta any ather amounts du�und�r this S��urity�nstrument, and th�n to r�duce�he prin�ipal ba�ance�f�he Note. If Lender recei�res a paymen� from Barrawe�r for a de�inquent Periodic Paymen�which includes a suf�c�en� amount t�pa�any la�e charg�due, �he payment�nay be appl�ed to �he del�nquent paym�n�and the late charge. �f m�re than one P�riodi�Payment is ou�standing, Lender may apply any payrnent recei�ed from Borrow�r�a the repa�m�nt�f th�Periadic Paymen�s �f, and to the exten�that, each payment�an be pa�d �n full. Tn the ex�en��hat any�xcess ex�sts after th�paymen�is appl�ed�o�he fu��payment of one or more Per��dic Payments, such e�.cess may be app�i�d ta any �ate charges due. Va�untary prepaymer�ts �hal�be app��ed first ta any prepay�rnent�harg�s ar�d�h�n as descr�bed in the Note. N�BRASKA-S�ngle Family-Fannie Ma�IFreddie Mac UNfF�RM IfVSTRUM�NT F�rm 302$71�1 VMP� VMPfi�NEy�13��f Walters Kfuwer�inanciat 5er�ices Pag�4 of 17