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��14�7��1 B�RRU��R C�VENANTS that Barrawer is�awfu��se�sed of the estat�hereby c�n�reyed and has th�righ�ta gran�and convey �he Property and that th�Praper�y is unen�umbered, �xc�pt f�r�ncumbrances of r��rd. B�rr�w�r�varrants and wi�l defend generall��he title to�he Pr�p�r�y agaznst all claims and demands, �ubject ta any enGun�brances of record. T��S SECURITY�NSTRUMENT camb�n�s un�f�r�m c�venants for natianal use and non-un�form co�enants wi�h �imi.ted Waria�ions by jurisdict�an ta canst�tu�e a unzfarm security ins�rument covering rea� pr�per��r. Uniform �orr�nants. B�rrower a.�d Lender co��nant an�agree a� f�l�ows: 'I. Payment �f Prirtcipa�, lnterest, Escrvw �tems, Prepayment Cha�ges, and Late Charges. Borrawer sha�Z pay�vhen due the principal �f, ar�d int�rest on, the debt ev�denced by the No��an,d a.r�y prepa�rm�nt charges and late charges due under�he Note. Borrower sha.�� axs�pay funds for E�crow ��em�pursuant to Section 3. Payments due under the Nnte and th�s S��urity �nstrurnen�sha�i be made�n IJ.S. currency. Hov�e�er, if an�check�r other�ns�rument received by Lender as pa�men�under the Nate ar this Security Instrument �s returned�o L�nder unpa�d, L�nd�r may require that any�r a�� subsequent pa�ments due under the Na�e and th�s Secur�ty Ins�rumen�be made�n one�r m�ore of the fol�owing f�rms, as se�ected by Lender: �a}cash; �b�money ord�r; ��} certified�heck, bank check, treasurer's check or cashier's check, pro�vzded any such check�s drawn upon an inst�tu�ion whose d�pos�ts are �nsured by a federal a�ency, zns�ru�ment��, or �n�it�r; or td} Eiec�r�n�� Funds Transfer, Payments are deemed rece�ved by Lender vvhen received at�he�ocat�on deszgna�ed in the Note or a�such ��her lacation as may be d�signated by Lend�r in accordance w��h�he notice pro�isions in Sect�on �5, Lender may return any paym�nt�r par�ia�pa�ment �f the payment or par��al payments are insuf�c�en�ta �r�ng the Loan current, L�nd�r may acc�p�an�r payment or partial payment insuf�cien��o brzng the Loan current, v�ithvut wai�er of any rights hereunder or prejudice ta it,�righ�s��refuse such payment or par�ial payments zn�he future, but Lend�r is n�t obliga�ed ta apply such pa�ments a�the time su�h paym�n��are accep�ed. �f�ach Period�� Pa�ment is app�ied as of its scheduled du�da�e, then L�nd�r n��d na�pay in�eres� an unappZ�ed funds. Lender may hald such unappl�ed funds until Borrawer mak�s paym�nts to br�r�g the L€�an eurrent. �f Borrawer does nat do s�w�thin a reas�nab��per�od of tim�e, L�nder shal��th�r apply such funds or r��urn them�a B�rr�wer. If not applied ear��er, such funds will be appl�ed�o the auts�anding principal balance under�he Note immediate�y pr�or to f�rec�osure. �1�offset�r c�ainl which B�rrower might ha�re now or in the fu�ure aga�ns�Lender shal� reliev�Borra�ver from making payments due und�r�he Na�e and�his S�curi��Instrumen�or p�rfarm�ng the c�venant�and agreem�nt� secured by this Security Instrum�nt. �. App[�cativn �f Payments nr Praceeds. E�cept as otherwise des�r�bed in thi� 5��on 2, a.��payment� accepted and app�ied by Lender shail be appl��d �n the fo��ow�ng order of pri�rity: �a} interest due under�he Nate; �b}principa� due und�r�he Nn�e; �c} am,ounts due und�r Sec�ian 3, Such paymen�� shall be applied to each Periad�c Payment�n the order zn vv��ch i�became due. Any remaining amounts shall be app�ied�rst ta la�e charges, second�a any o�h�r aamoun�s du�un�tr�his�ecurity Instrum�n�, and then to reduce the principal�alanCe of the Nat�. �f Lender receives a paym�nt fram Borr�w�r far a de��nquent Fer�odic Paym�n�vvhich �nc�udes a sufficient amount to pay any late char��due, �he paymen�znay�e applied to th�delinquent payr�aent and the late charge. If more than�ne P�rzfldzc Paym�nt is outstandzng, Lender may app�y any pa�men�received fram Borrawer to the repayment of th�Periodic Paym�nts �f, and to the extent that, each paymen�can be paid�n full. T�the ex�ent�hat any excess�xists af��r the paym�nt�s app��ed�a�he fu1l paym�nt of one ar more Period�c Pa�men�s, such excess may be applied to any late charges due. '�1'oluntary prepayments sha��b� app�xed f�rs��any prepaymen�charges and�hen as des�r��ed in�he No�e. NEBRASKA-Sin�l��amily-�anni�MaelFreddie Mac UNI�aRM IN5TRt1M�NT Form 3028 11a1 VMP(� VMPfi4N�Z 413q2Z V1lolters Kl�wer�inancial�er�ic�s Page 4 of i 7