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��15�1154 <br /> B�RR4�VER C�VENANTS that Barro�er�s �awful�� seis�d of th�estate h�reby can�eyed and has the right to <br /> grant and canvey the Property and that the Proper�y is unencumber�d, ex�ept far encum�rances of record. <br /> Borrower tivarran�s and v�ri11 defend genera�ly the��tle�o the Prap�rty against al� claims and demands, sub�e�t ta <br /> any encumbranCes of record. <br /> T�3�S SE�UR�TY�N�TRUMENT com��nes uniform c��enants f�r na�i�nal us�and non-unifarm c�venar�ts wi�h <br /> �imited variati�ns by�urisd�ct�on ta constitute a un�fflrm secur�ty instrument covering real property. <br /> Uniform �n►renants. Borrawer and Lender covenant and a�r�e as fo�lows: <br /> '1. Payment vf Princ�pa�, �nterest, Escrvw Items, Prepayment Charges, and Late Charges. Borrow�r <br /> shal� pa� when due�he principal af, and�nteres��n, the debt e��d�nc�d by the Note and any prepayment <br /> charg�s and la�e charges due under the N��e. Borrawer sha�� a�s�pay funds for Escrow It�ms pursuan�to <br /> Se�tion 3. Pa�rments due und�r the No�e and this Se�ur�ty �nstrumen�sha��b�made in U.S. currency. <br /> Ho�ever, if any check or o�her instrument re�eived by Lender as pay�m.en�under the Nate or thi� S�cur�ty <br /> �ns�rument�s returned to Lender unpa�d, Lender may require that any or al� subsequen�payment�due under <br /> �he Nate and�h�� Security Instrurnent be made in on�or more of�he fo��owing forms, as s��ec�e�i b�r Lender: <br /> �a} cash; �b} money ard�r; �c}�erti�ed check, bank check, �reasurer's check ar cashier's che�k, prav�ded any <br /> sueh check is drawn up�n an�ns�i�utian whose depos�ts are xnsured by a federal agency, instrumen�a�i�y, ar <br /> ent�ty; or�d} Electronic Funds Transfer, <br /> Paymen�s are�i�emed r�ce�Wed by Lender when r�cei�ed at the�acation designa�ed in the Nnte ar a� such <br /> other�ocat�an as ma�r be designated by Lender�n accordance with th�notice pro�isians in 5ect�on �5. <br /> L�nder may r��urn any pa�ment�r partial pa�men� if the payment�r partial paymen�s are insuffici�nt ta <br /> bring�he L�an current, Lender may ac�ept any paymen�or par�ial payment insufficient to bring the Laan <br /> Current, w��hau�waiver nf any r�ghts h�r�under or prejud�ce ta �ts r�ghts �o refus�such payment ar par�ia� <br /> payments in the future, but Lender is na��t�liga�ed�o app�y such payments at the tim�such payments are <br /> accepted. If each Peri�dic Payment�s app�xed as af i�s sch�duled du��at�, th�n Lender need not pay �nterest <br /> on unapplied funds. Lender ma�hold�uch unapplied funds until Barr��ver makes pa�ments to br�ng the <br /> Loan curren�. If Borrow�r does nat da so with�n a reasonab��p�ri��of time, Lender sha�� e�ther app�y such <br /> funds or return�hem to Borrower. If no�appiied�ar�zer, such funds vvi�� be app�ied to �he autstandzng <br /> princ�pal balance under the Nate immediately prior ta forec�asur�. No aff�e��r claim which Borr�wer migh� <br /> hav�n��v or zn�he fu�ure against Lender shall retieWe Borrower fram makzng payments du�und�r�he Na�e <br /> and this Securi�y �nstrument or performi.ng the covenants and agreements secured by�hi��ecurz�� <br /> �nstrument. <br /> �. App�icatifln vf Payments or Proceeds. �xcep�as o�herw�se descr�bed in this Section 2, a��pa�rm�nts <br /> accepted and appl�ed by Lender shall be app�ied in�he foi�awing�rder of pr�ority: �a} interest�ue under the <br /> Note; �b}principal�ue under the Note; �c} arnounts due under Sectzon 3. Such payments shall be app�ied�o <br /> each P�r�odic Payment in�he order in which it beGame du�. Any remain�ng a�maunts shall be app�ied firs��o <br /> �ate charges, s�cand to any ath�r amoun�s due under�his Security Instrum.ent, and then t� r�duce�he <br /> principa�balan�e af�he N�te. <br /> If L�nd�r receives a payment fram Borrower far a de��nqu�n�Per��d�c Paymen�which inc�udes a suf�cieza� <br /> amount�o pay any Iate charge due, the payment may be app��ed �o the d��inquent payment and the late <br /> Charge. �f more than one P�r�od�c Payment is ou�s�ar�ding, Lender may app�y an�r payment re�e���d from <br /> Barrower ta the repayment of the Period�c Payment� if, and to the extent that, eaGh paym�n�can be pa�d in <br /> full. To the ex�en�that any excess�xists after the payment is applied to the full payment of one or m�.ore <br /> Periad�c Payment�, such excess may be appl�ed to any �ate charges�ue. Valuntary prepaymen�s sha11 be <br /> applied f�rst�o any prepaymen�charg�s and then as descr��ed�n the Note. <br /> N�BRASKA-Single Famiiy-�annie MaelFreddie Mac UNI��RM 1N5TRLIM�NT Forrn 3028�IQ1 <br /> VMP� VMPfitN����3D�� <br /> Wolters Ktuwer F�nancial 5er�ices Page 4 af�7 <br />