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��14���53 <br /> B�RR�WER C�VENANTS that Borrower is lawfu�ly seised of the estat�hereby�onv�yed and has�he righ� ta <br /> grant a�d�anv�y the Proper�y and that the Pr�perty is unencumbered, exeept for encumbrances af recard. <br /> Barrower warrants and wii� d�f�nd generaliy the t�t�e to th�Prapert� against al� claim�s arzd derr�ands, subje�t�o <br /> any en�umbranc�s nf rec�rd. <br /> THIS SECURITY �I�ISTRUMENT com�ines uniform cov�nants for nati�nal us�and n�nµuniform covenants with <br /> Iim�ted var�at�ons�y jurisdiction�o consti�ute a unifarm security instrument c�vering real praper�y. <br /> Unifarm Cavenants. Barrower and Lender ca�enant and agr�e as fo�lows: <br /> �. Payment of Principal, �nterest, Escrov+► Items. Prepayment Cnarges, and Late Charges. Barr�w�r <br /> sha��pa�when du��he pr�ncipa� af, and �nterest on, th�deb�e�ridenc�d by the Nat�and any prepayment <br /> charges and Ia�e�harges du�under�he Note. Barrower shal� also pay funds f�r Es�row Items pursuant�� <br /> Sec�i�n 3. Paymen�s due under�he N�te and this S�curity Ins�rument�hall b�made�n U.S. currency. <br /> How�ver, �f any ch�ck�r ather instrument recei���.�y Lender a�payment un�.er the No��or�his Securi�� <br /> �n�trument is returned t� Lender unpa�d, Lender may requ�re that an��r a�l subsequent pa�rments due under <br /> the N�te and�his Security Ins�rument be made in one�r more af�he following forms, as selec�ed by Lender: <br /> (a} cash; �h} mone�order; ��} cer�ified check, ban�che�k, treasurer's check or cashi�r's check, pro�ided any <br /> such check is dra�n upon an ins�itution wh�se deposits are insur�d b� a federal agency, instrumentalit�, or <br /> enti��; nr�d} E�ectronic Funds Transf�r. <br /> Paym�nts are dee�med receiv�d by Lender when rec��ved at the�acati�n des�gnated�n the Note or at such <br /> other lacation a�may be designated by Lender in acc�rdance wi�h the notice provisians in Section 15. <br /> Lender may return any payment or par�ial pa�ment if�he payment or par�ial payments are�nsuffici�n�ta <br /> bring the Loan current. Lender may accept any paymen�or partial payment insufficient t��ring th�Loan <br /> curren�, wi�hou�u�aiver�f any rights hereunder or pre�udice to its r�gh�s to refus�such payment or par��al <br /> paymen�s in the future, �ut Lender�s no�ob�igat�d�� appiy such payments at the t�me such payments are <br /> accepted. �f�ach Per�fld�c Payment�s app�ied as of z�s schedu�ed due date, �hen Lender need not pay �nteres� <br /> on unappiied funds. L�nder may hold such unapp��ed funds until Barro�r�r makes payments to br�ng �he <br /> Laan current. If Borrawer does not da so with�n a reasonabie period of�ime, Lender shaii eith�r apply such <br /> fi.�nds or return�hem to Borr�w�r. If nat appiie�earlier, suGh funds will be applied�a the�utstan�ing <br /> prinGipal balance under�he Note immediately pr�o��a f�reclosur�. Na affse�ar claim�vhich Borraw�r mzght <br /> ha�re now or�n�he fu�ure against L�n�er shali reli�ve Barraw�r from making payments du�under the Nate <br /> and th�s Secur�ty �ns�rum.�nt ar performing the c���nant�and agr�ern�n�s secured�y�h�s Security <br /> �nstrument. <br /> �. Application vf Payments vr Prviceeds. �Excep� as otherwise des�ribed in�his Section�, a�l payments <br /> ac�ept�d and applied by Lend�r sha�I be applied in the fallowing order af prior�t�r: �a} in��rest due under the <br /> Ivote; �b}pr�ncipal due under th� Nate; �c} am�unts du�under��ction 3. Such pa�men�s sha�l be app��ed to <br /> each P�r�nd�c Paymen��n�he ard�r zn which �t b��ame due. Any remain�ng amounts sha��be app��ed�rst ta <br /> �ate charges, sec�nd ta any other amoun�s due un�er th�s S�cur�t��nstrumen�, and�hen ta reduce the <br /> pr�ncipal baiance�f�he No�e. <br /> If Lender r��eiveS a payment from Barrower for a�elinquent P�riadiG Payment which �ncludes a suff�cien� <br /> arn�un�to pa�any late�harg�due, the payment may b�app�ied to�he deiin�uent payment and the�ate <br /> charg�. �f n�.ore than one Per��dz� Paymen� �s outstand�ng, Lend�r may app�y any paym�nt r�ce�v�d fram <br /> Barrower t�the repayrn�n�of�he P�r�ad�c Payments �f, and t�th��xtent tha�, each payment can be pa�d �n <br /> fu��. Tfl the extent tha�any excess e�ists after th�pa�ment is applied�o th�fu.i� payment af one or more <br /> Periodic Payments, such excess may be applied to an� la�e charges due. Va�untary prepayments shali be <br /> applied first ta any prepa�m�nt charges and then as described in the Na�e. <br /> N�BRASKA-Single Fami�y-Fa�nie MaelFreddie Mac UNlFDRM iNSTRUMENT Form 30�8 11D1 <br /> VMP O VMPfi�N�)47 3aZ� <br /> Walters Kluwer Financia!5er�ices Page 4 of 17 <br />