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��15��151 B�]RR�WER.C�VENANTS that Barrower�s �awfu��r seised flf�he estate here�y canveyed and has the r�ght ta gran�and con�ey�he Proper�y and�ha�the Proper�y is unencumhered, exe�p�f�r encumbrances of record. Borrower warrants and�vi�l defend gen�ra��y�he�itle to the Prflper�y against al� cla�ms and demands, subj�ct to any encumbrances of record. T��S SE�URITY INSTRUMENT combine�uniform co�enants for nat�onal use and non-unif�rm ca�enants wi�h ��m�i�ed Waria�ions by jurisdict�on to con�titute a un�form security instrument cov�ring real proper�y. Un�f�rm Cv�enants. Barrnw�r and Lender cov�nant and agr��as folla�s; 'I. Payment af Principa[, Interest, Escrow Items. Prepayment Cna�ges, and Late Cnarges. Borro�rer sha��pay when due th�pr�nczpa�of, and interest an, the debt e��denc�d�y the Note and any prepaym�n� charges and late charg�s du�und�r�he No�e. B�rr�wer sha�t a�so pay funds f�r�s�row ��ms pursuan�ta �ec�i�n 3. Paymen�s du�u�d�r the No�e and thi� Securi�y Instrum�nt shall be made in IJ.S. curr�n��, �awe�er, if any cheGk or ather zns�rument rec�i�ed by Lender as payment under the Not��r thi� Se�urx�� �nstrument�s returned t� Lender unpa�d, Lend�r may requir�that any or a�� subsequent payments due under the Note and this Security Instrument be made�n one or more�f�he f�liowing forms, as selected by Lender: �a) cash; tb}mon�y arder; �c} cer�ified check, bank check, treasurer�s ch�ck or cashier's check, pra�rided any such�h�ck is drawn upon an ins�ituti�n whose deposits are insured by a federal agency, instrum�n�alit�, or en�ity; nr�d} Electronic Funds Transfer, Paym�ents are deemed rece��ed by Lender when rece�ved a��h��o�atzon deszgnated �n the Nate or at such a�her location as may be d��ignated by Lender zn acCordar�c�with the n�tice provisions in Section 15. Lender may return an�payment or partial payment if the payment or partial payments are�nsuff�cient to bring the Laan Curr�n�. Lender may acc�pt any payment ar par�ial paym�nt insuff�cient to bring the L�an current, w�thout waiv�r af any rights her�under or prej Udice ta its rights to refuse such payment ar par��a1 paymen�s�n�he fu�ure, �u� Lender is nnt obligated�o app��such payments at the time such payments are ac�epted. �f each P�r�od�c Paymen� �s app��ed as of i�s scheduled due date, then Lender need nflt pay int�rest on unapp��d fund�. Lender ma�r hald such unappl�ed funds unti� B�rraw�r ma.k�s payments to br�ng�he �.aan�urrent. �f Borrawer does nat d� sa with�n a reasonabl�period�f time, Lender shali eith�r apply �uch funds�r r�turn th�m ta Borrower. If not appli��arli�r, such funds will be applied�a the outstand�ng prin��pa�ba�an�e under the Na�e immedia�ely pri�r to farecl��ure. No nffs�t or claim wh��h Borr�w�r might have n��r in the fu�ur�against Lender sha�� rel�e�e Barro�a�r fr�m mak�ng payments due under the N�te and this Security�nstrumen�or p�rf�rnung the��wenants and agreements secured by�h�s Se�ur�ty Instrument. �. Appl�catian vf Payments or PrviceedS. Exc�pt as atherwise des�ribed in this Sect�on 2, all payments acc�p�e�and app��e�by Lender shall b�applied in the fa�Iow�ng order�f priority; �a} int�res�due under�he Nate; �b}princ�pa�due under�he No�e; �c} am�unts due und�r Sect�an 3. Su�h payments sha�� be app�ied to each Periodic Pa�rxnent in the order�n which�t b��ame du�. An�renna�nzng amaun�s sha��be applied firs�ta late charge�, second�a any other amaunts due under th�s Security �nstrument, and then t� reduce the prin��pa�balance af the Note. �f L�nder rece�Wes a paymen� fr�m Borrower for a deiinquent P�riod�c Pa�men�which includes a suff�cient am�unt to�ay any Iat�charge due, the paym.�nt may be applied ta the de��nquent payment and�he�at� charge. �f more�han on�Per�od�c Payment is�utstand�ng, Lender n�ay app�y any payment recei�ed from Borrower ta the r�payment�f the Periad�c Paynlen�s �f, and to the extent�hat, each paynnent can be paid in fu11. To�he e�tent that an�r excess exists after the paymen�is app�ied�a the fu�1 pa�men�of ane ar more Periadic Payments, such excess may be applied tfl any�a�e charges due. Valun�ary prepayments sha�l b� appl�ed�rst ta an�prepayment�harges and then as described in�he No�e. NESRASKA-5ingle Family-�annie Ma�l�reddie Mac UNI��RM lNSTRUM�NT Farm 3028 71�1 VMP� VMP�tNE�{�3�Zy Walters Kluw�r Financiaf Ser�ic�s Page 4 ot�7