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��14�443� BC�RR4V�ER C��IENANTS �hat Borr�wer is �au�fu�Iy s��sed of the es�a�e here�y conve�ed and has the right�a grant and convey the Pr�pert� and t�aat the Prapert� is unencumbered, excep�for encumbrances �f r��rd. Borrawer warrants and w��defend generally the t�tle ta th�Property aga�ns�a�� c�a��ms and demands, subj�ct t� any encumbrances af r��ord. TH�S SECURITY IN�STRUMENT combin�s uniform covenan�s fnr nati�nal use and non-uniform covenants w�th �imit�d variatians by jur�sd�cti�n�a constitute a un�farm security instrument covering real pr�perty. Unifo�m Cv►►enants. Borr�wer and Lender covenant and agree as follows: �. Payment af Princ�pal, Interest, Escrorrv Items, Prepayment Charges, and Late Charge�. Borrov�r�r sha��pay when due�he principal af, and interest on, the debt ev�denced by�he N��e and any prepayment �harg�s and late charges due under the Na�e. Barrower shal� a�sQ pay funds f�r�scraw ��ems pursuant to Sect��n 3. Payments due under the Note and this Security Instrument sha��be made in U.S. currenGy. Ho�vever, �f any�heck ar o�her instrumer�t reGei�ed�y Lend�r as payment under the Note or this Securzt� Instrument is return�d to Lender unpa��., Lender r�ay require�hat any or a11 subsequen�payments due und�r the Note and�hzs S�curit� Instrum�nt b�xnade in one or more of the f��In�ving forms, as seiec��i by Lend�r; �a}cash; �b}mon�y�rd�r; �c}cer�i�ed check, bank check, �reasurer's check�r�ashier's check, pr��id�d any such check��drawn up�n an institu�ion whose deposits are insured by a fed�ral agen�y, �nstrumenta�zty, ar en��ty; ar�d} E�ectranic Funds Transf�r. Pa�rments are deemed reC��d by L�nder vwhen received a�the l�cati�n designated in th�N�te ar at su�h o�her location as may be des�gnat�d b� Lender in acc�rdan�e wi�h the n�t�ce pro�is�ons in S��t��n �5. L�nder may r�turn any payment or par�ial paymen� if the pa�ment or partiai paymen�s are�nsuf�c�ent to bring th�Loan curren�. Lender may accep�any pa�rment or par�ial payment insuf�c��nt ta br�ng�he Laan curr�nt, without waiver�f any rights hereunder�r prejudice�a its rights ta refuse such payment ar par��ai payments in�h�future, but Lender�s not ob�igate�ta apply such payments at the time such payrnents are acc�p�ed. If each Per�od�c Payment is appiied as of i�s schedu�ed due date, then Lender need nnt pa�r �n�erest an unapplied funds. L�nder may hold su�h unapp��ed funds un�il BorroWer makes paym�nts�o�r�ng �he Loan curren�. �f B�rrflw�r do�s not dn s�w��h�n a reasonable periad of time, Lend�r sha�l�ither apply such funds or r�turn th�m tn Borrnwer. �f n�t app�ied earl�er, such funds w��i be appl�ed t� the outs�andin� prznczpa� baiance under�he Note immediately priar to fareclosure. No offs��or�laim wh��h B�rrower mE.�ght hav�now �r�n�he future aga�nst Lender shall re�ieve Barrower from making payments due under the Note and th�s Se�urity �nstrumen�ar perfarming the covenants and agre�ments secured by this 5ecurity �n�tru�m.en�. 2. Applicat�on uf Paym�nts �r Proceeds. Except as a�herwise descr�bed in this �ec��n�, a��paymen�� ac�epte�i and app��ed by Lender shall be app�ied �n�he fo��ow�ng arder of pr��rity: �a} �nt�rest due under the No�e; �b}pr�ncipa� due under the Note; �c} amounts due under Secti�n 3. �u�h paymen�s shall be applied�o each Peri�dic Pa�ment in�he order in wh�ch ��b�came due, Any rema�n�ng amoun�s sha�I be applied first�o la�e charges, se�ond�o any other amflunts due under thzs Secur�ty �nstrument, and then ta reduC�the principal balance�f�he No�e. �f L�nder rec�ives a payment from Borrower for a delinquent P�r��di�Payment which includes a suff�ci�nt amount�o pay any 1at�charge due, the payment may be app�ied��the delinquent payment and the Iate charge. �f more than flne Per�od�c Pa�m�nt is outstanding, Lender�may appl� any payment re�e��ed from B�rrower t�the repa�rn��nt of the P�riodic Payme�.�s if, ax�d�a the ex�ent that, each payment can be paid in fu�l. To the exten��hat an�excess�x�s�s af�er�he pa�rment is appiied to�he fu��payment of one�r more Per�fld�c Payments, such exCess may be app�i�d ta any late�harges due. Vo�un�ary pr�pa�ments shall b� appize�i frst to any prepayment charges and�hen as des�ribed in the Note. NEBRASKA-5ingle Famity-Fa�nie Ma�IFreddie Mac 11N1F4RM INSTF�UM�NT Fvrm 3�}28 71q1 VMP Q VMP6tNE)�7 302f Wolters Kluwer Financiai 5er�ic�s Page 4❑f 17