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201406486 BORROWER COV�NANTS that Borrower 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. Sorrower warrants and will defend generally the title to the Property against all clailns and deinands, subject to any enculnbrances ofrecord. THIS SECURITY INSTRUMENT combines unifarin covenants for national use and non-uniforin covenants with linuted variations by jurisdiction to constitute a uniform security instruinent covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Lafie Charges. Borrower shall pay when due the principal of, and interest on, the debt evidelicecl by the Note and any prepayinent charges and late charges due under the Note. Borrower shall also pay fui�ds for Escrow Iteins pursuant to Section 3. Payinents due uilder the Note and this Security Instrument shall be inade in U.S. currency. However, if any check or other instrument receiveci by Lender as payinen.t under the Note or this Security Instruinent is returned to Lender unpaid, Lender inay require that any or all stitbsequent payinents due under the Note and this Security Instrumeilt be inade in one or nlore of the following forms, as selected Uy Lender: (a)cash; (b)inoney ordei; (c}certified checic, banlc check, treasurer's checic or cashier's check, provided any suclz clzecic is drawn upon an institution whose deposits are insured by a federal agency, instruinentality, or entity; or (d)Electronic Funds Transfer. Payments are deeined xeceived by Lender wheii received at the location designated in the Note or at such other locltion as inay Ue designated by Lender in accordance with the ilotice provisions in Section 15, Lendei�may reti.irn any payinent or partial payment if tlie payment or�artial payments az e insufficient to bring the Loan current, Lender inay acce�t any payment or partial payment insufficient to bring the Loai1 curre�t, 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 paynlents at the time such payinents are accepted. If each Periodic Pasnnent is applied as of its scheduled due date, then Lender need not pay interest on unapplied fiinds, Lender may hold suc11 unapplied fiinds until Borrower nlalces payments to bring the Loan current. If Borrower does not do so witliin a reasonable period of time, Lender shall either apply such funds o�•return thein Co Borrower. If not applied earlier, such fi.tnds will be applieci to the outstandin� principal balance under the Note iirunecliately prior to foreclosixre. No offset or claiin whicli Borrower inight have now or in the future against Lender shall relieve Borrower from malcing payments due under the Note alid this Security Instrument or peiForining the covenants and agreenlents secured by t11is Security Instrun�ent. 2. Application of Payments or Proeeeds. �xcept as otiherwise described in this Section 2, all payments accepted and applied vy Lender slzall Ue applied in t11e followiizg order of priority, (a)intiei•est due under the Note; (b)principal due under tke Note; (c)ainoui�ts due under Section 3. Such payments shall Ue applied to each Periodic Payizleiit in the ord�r in which it became due. Any remaii�iilg ainounts sh�11 be applied first to late charges, second to airy other ainounts due under this Security Instrument, and then to reduce the principal balance of the Note, If Lender receives a paymant fi•oin Borrower for a cielinquent Periodic Payment which includes a suf�cient ainount to p�y any late charge due, the payinent inay Ue ap�lied to tlie delinc�uent payment and the late charge. If more than one Periodic Payment is otrtstanding, Lender may apply any paymeiit received fro1i1 Borrower to the repayment of tlle Periodic Payments if, ancl to the extent that, e�ch payment ca11 be paict in full. To the extent that any excess exists after the paylnent is ap�lied to the iull payment of one or more Periodic Payments, such excess may ve applied to aily late charges due. Voluntary prepayments shall be a�plied first to a11y prepayment chai•ges �nd lhen as descriUed in the Note. 24007170 NEBRASKA-SingleFamily-FannieMae/FretldieMacUNIFORM INSTRUMENT Form30281101 VMP Q VMP6(NE)(1302) Wolters!<luwer Financial Services Page 4 of 17