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��14�7�75 <br /> B�RRaWER��VENANTS tha�Bflrrower�s lawfu�l� seis�d of the�s�ate hereby conveyed and has the right to <br /> grant and convey the Praper�y and tha�the Praperty �s unencumbered, e�cept fnr encunnbran�es of rec�rd. <br /> Borr�wer warrants and will defend generall�r the t�t�e�o the Property aga�nst ali cia�ms and demands, su��ect�o <br /> any encumbrances af r��ord. <br /> TH�S SE�URITY�NSTRUIV�ENT com��nes un�farm covenan�s for nationa�us�and non-un�form ca�enan�s wi�h <br /> I��nzte��ariati�ns by jur�sd�c��on to con�t�tute a uniform securi�y instrument cov�r�ng real proper�y. <br /> Un�form C�venants. Borrovver and Lender co�enant and agree as follows: <br /> 'f. Payment of Principal, Int�rest, Escraw Items, Prepayment Charges, and Late Charges. B�rrower <br /> sha��pay when due�h�principa�of, and in�erest on, the deb�evzdenced by�he Not�an�.any�r�payment <br /> charges and la�e ch�rg�s due under the Note. Borrower shall a�so pay funds for Escrav� ��ems pursuant to <br /> S�c�ion 3. Payments due under�he No�e and�his Security In��rument sha����made�n U.S. curr�nc�. <br /> H�we�er, �f an�r ch�c��r other�ns�rument r�c�i�e�by Lend�r as payment under the Note or this Secur�ty <br /> �nstrument�s returned t� Lend�r unpaid, L�n�.�r may requ�re tha�any ar a11 subsequent payment�due und�r <br /> �he No�e and�his Security instrum�nt be made zn�ne or mare af the fo��owing farms, as selected�y Lender: <br /> �a}cash; �b}mane�ord�r; ��} cert�fzed�heck, bank check, treasurer's check or�ashier's check, pr��ided any <br /> su�h check is�ra�rn upon an inst�tutzon�hose depo�its are insur�d b�r a f�dera� �gen��, zns�rumental�ty, or <br /> en�ity; or�d} E�ec�ronic Fund�Transfer. <br /> Payments are deemed r��e�v�d by Lend�r when re�eived a�the�ocat�an des�gnated in the No�e or at such <br /> a�her l�ca��on as may be d�s�gnated by Lender�n acCordance with th�nfl�ic�pro��sions in Section �5. <br /> Lender may r�turn any payment�r partia�pa�nr�en��f th�payment ar par�tial paymen�s are�nsuf�c�en�to <br /> br�ng the Loan curr�nt. Lend�r may accept any payn�.ent�r par�ial paymen� insuf�c�ent�a br�ng�he Loan <br /> current, withou�wai�ver of an�r�ghts hereunder ar pre�udice�o its rights to refuse such paymen�or part�al <br /> payments in the future, but Lender is na�abliga�ed to app�y �uch pa�men�s at�he t�m.e such payments are <br /> ac�ep�ed. �f each Period�c Paymen�is applied as af its schedu��d due date, then L�nd�r n��d not pay in�erest <br /> an unapp�ied funds. L�ender ma�h��d such Unapplied funds untii Barro�ver n�akes payments t�bring th� <br /> Laan�urrent. If B�rrower daes no�da sa within a reas�nable period of ti�n�, Lender shall e�ther app�y such <br /> funds or re�urn them to Barrower. If not app�ied earl�er, such funds will be app�ied�o�he outs�and�ng <br /> principal balance under the Note immediate�y priar�o forec�osure. No offs�t�r��a�m whxc�Borrower migh� <br /> have now or in the f�zture against Lender sha�� re��eve Barrovver from ma.�ing pa�rmen�s due under the No�e <br /> and this Securi�y Instrument or perfornung the covenan�s and agre�men�s�ecured by this Securi�y <br /> Instrument. <br /> �. Applicatifln af Payments ar Prviceeds. Except as oth�rw�se d�scr�bed in�his 5�c�i�n 2, a��pa�rments <br /> ac�epted and appl�ed by Lender shall��applied in the fo��ow�ng order of priarity: �a} in��rest due under the <br /> Nate; tb�principal due under�he N�t�; �c} amnunts du�under Sect�on 3. Such payments shall�e app�ied�o <br /> each Per�odic Payment in th�arder in�h�ch i�beca�me�iue. Any remaini�g amount� sha�l be applied first�a <br /> la�e charges, se�ond to any other amounts due und�r th�s Secur�ty Instrum�n�, and�hen ta reduce the <br /> principal baiance�f the�Vote. <br /> �f Lend�r re�e�ves a payment from Barr�wer for a delinquent Peri�d�c Paymen�whi�h inc�ud�s a suff��ient <br /> amaun�to pay an��ate charge due, the pa�m�n�may be app�zed to�he del�nquen�paymen�ax�d��e�ate <br /> charge. If more than ane Periad�� Payment is ou�standxng, Lender may apply any pa�ment received fram <br /> Borrower�o the repa�rmen�of th�Period�c Paymen�s �f, and to�he ext�nt tha�, each pa�men�can�e paid in <br /> fu�l. To�he ext�nt tha�an�excess e��s�s after�h�payment is appli�d to th�fu��payment�f ane or more <br /> P�ri�di� Paymen�s, such excess may b�app�i�d�a any�a�e charge�du�. Vo�untary prepayments shall be <br /> app�ied f�rst�o an�prepa�rment charges an��hen as des�ribed zn the No�e. <br /> NEBRASKA-Singl��arr�iiy-Fannie MaelFreddie Mac t,iN[FQRM 1N5TRUM�NT Farm 3428 7I4� <br /> VMP� VMP�{N�)�13�Z� <br /> Wolters Kfuwer�ina�cia!Servi��s Page 4 vf 17 <br />