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201406331 BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRiTMENT combines uniform covenants for national use and non-uniform covenants with limited variarions by jurisdicrion to consritute a uniform security instrument covering real property. Uniform Covenarrts. Borrower and Lender covenant and agree as follows: 1. Paymerrt of Principal, Irrterest, Escrow Items, Pnepaymerit Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instnunent receiv�l by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent paym�ts due under the Note and ttris Security Instrument be made in one or more of the following forms, as selected by Lender: (a)cash; (b)money order; (c}certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or(d)Electronic Funds Transfer. Payments are deemed received by Lender when r�eived at the location designated in the Note or at such other location as may be designated by Lender in a�cordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments aze insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future,but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender nced not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payme�nts to bring the Loan current. If Bonower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender sha11 relieve Borrower from maldng payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Paymer�ts or Procxeds. Except as otherwise described in this Section 2, a11 payments accepted and applied by Lender sha11 be applied in the following order of priority: (a)interest due under the Note; (b)principal due under the Note; (c)amounts due under Section 3. Such paymarts shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Sec�uity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be appliefl to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment re�eived&om Borrower to the repayment of the Periodic Payments if, and to the extent that, each payme,nt can be paid in full. To the extent that any excess�ists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. 2300342829 D VBNE NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fwm 3028 1/01 VMP(� VMPBINE)(t 302) Woltxs Kluwer Finanad Services Pege 4 of 17