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� ��15��39 B�RR�WER C�VENANTS�hat B�rrower�.s�.awfully seised of�he es�ate hereby canveye�:a�d has�he rxght to grarit and canvey the Proper�y and�hat the JProperty i.s unencumbered, e�cept for encumbra.�ces of record. Borrower warran�s and vri1l defend general].y the�.t�:e�o the Property again.st aII cl.a�n�.s and dema.nds, sub�ect t� ar�y en�umbrances of recor� THIS SECIJRITY INSTRI.TNIENT combin.es�:farm covenants fo�nat�orial use a�d non urufarm covena�.ts�xrith limited variatians by jurisd�ctiQn to cons�.tu.te a u.xuforrm seCur�ty in.strument covering real property. U�iform �ovenants. B�rro�rer an:d Lender covenant and agree as fo��o�v�: 'I. Payment af F'rin�r�a[� ��terest, Escrv� Ite�nsj Prepa}�rr��nt Charges, and Late �h�rges; Borrower - shall pay when due the principal of, and�nterest ari, the debt evx.denced by th�Note and any prepayme�t charges ar�d�ate charges due under�he N�te. Borrower s�xa1l also pay fu�ds for Escro�v Items pursuant t� Sectxon 3_ Paynaents due u�der�ie Note a��.d this Security I�trument sha�.�.be made i_ri U.S. currency. �Iav�rever, if any check or other ixa:strument received by Lender as payn�exxt under the Note or�his Secur�ty IxLStrument is returned�o Lender unpa%d, Ilende�may requ�.re�hat any or a1�.subsequent payments due u�:der the Note and thzs Secu:rity Iro�strument be made rn one or more of�h.e followi.ng f�x ms; as selected by Lender: ta}cash; �b}xrioney order; ��)certi�ed check, baxzk chec�, treasur�r's�heck or cashzer's cheek, provi�ded any such check is dravvn upon an�nst�tutzon whose depas�t�are�.nsured by a federal agency, ins�rumer�tality, or entity; or�d}Electron�c F un:ds Transfer. Payments are deemed receavec�by Lender when r�ce�vec�a�the�ocation des�gna�ed in th�N�te ar at such. ��ier lo�a��on as may be des�gnated by Lender in acc�rdax�ce with.the notzce provisi�ns i�Sec��.Qn 15. Len.der may r�tur�any payrnent�r par�ial:paym�nt if th�pay�rnemt or partxal payn�er�ts are insuff'"�c�e�t tfl bring�he L�an current_ Lender may accep�any pay,�.�t or partia�payment zr�suf�ci�ent to b�ing�he�Loan curren�, v�r�i�.hout waa.ver of any rights hereunder ar prejudx.ce to�ts rig�its to refuse such pa�me�t�r par�.a1 payments in th�future, but Lender�s nflt obl�.gated to apply such payrri�nts at the t�me such payments are accep�ed. If each Per�odic Payment is applied a.�af its s�hedu�e�.due date, then Lender need not pay interest o�.unapp�zed fund�_ Le�der may hold such unapp�ied funds unt�:l.�orrower makes payments to bring�he Laan current. If BQrrower does x�ot do so�v�rithin a reasanable per�od of��m�, Lender�hall..e��ier apply such funds or re�urn�hem.�o Borrawer. If not applied ear��er, such funds v�i11 be applied ta�he outs�ar�ding principal ba�ance und�r the Note immed�ate�y priar�o foree�osure. No off�et ox c1ai�which Borrawer mEight have n�w or i:x�.�he future against Lex�.der sha�.�.reliev��3orrow��from�na�ing p�:y'ne�ts c�ue und�r the Not� and�his Security�istrumen�ar perfar.m�.ng th�c�venants ax�.c��.greeme�ts se�ured.by��s S�cur�ty �nstrument. �. App[icati�n �f Payments ar Prace�ds. Except as o�ierv�ise descrnbed in th�s SeCtio��, a.�.�p�.yrnents accepted.a,�d applxed by Lender shal�be app�ied i�t�e follo�xring order of pr�or�ty: �a� iuteres�due und�r the Nate; [b�principal due under the N�te; �c�amounts due under Se�tion 3. S-uch payments sha��be applied�o each Per�odic Payxnent in the order in wh�.e�it becaxne due. Any rem�XnYng am.aunts sha1�be appJ.ied�xst�o �ate charges, second to any other amQunts due under�his Security Instru�xent, and then to r�duce�he prin:cipal bala.nce�f the Note. If Lender receiv�s a payment f�-om Borrower for a c��l�nc�uent Pe�iod�c JPay�ent w�ic�i�a.cludes a suffic�ent arnount��pay any Iate�harge due; the payment�nay be ap�a��ed to�he deTi.nquer�t pay�x�ent an:d�e�ate charge. I�m�re��an one P eriod�c Pay�nen�z�outsta�dln.g, Lender may app��any payme�t r�c��vec�from JBorrower to the repaym.ent of�he P�riodYc P�:ynaents if, anc��o the extent t�iat, each pay�rne��ca�a.�e paid�n. fu�1. To the e�:tent that�:ny e�cess e�ists after the�aayment�s ap��ec�to�ie full payment of Qne�r more Per�adic Payn�en�s, such excess may be app�i.ed to any�ate charges due. Vo�untary pr�payments sha11 be app�.ed f�rst to ax�.y prepayment charges and�hen as descr�.bed in th.e Nate. 2400783� IVEBRASKA-Singie Family-Fa�nie M aefFreddi�M a��NIFORM [NSTRUM ENT Form 3�28�1�� VM P Q VM PG�NE}��3�2} W�[ters Kf�w er Fina�cia!Services Page 4 of'l�