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��15�1355 B�RRD�ER CC)��NANTS tha�Borro�ver�s�awfully seised af�he�stat�hereby��n�reyed and has�he right�o grant and conwe��he Pr�perty and�ha�the Property is unen�umbered, exc�pt f�r encumbrances�f record. Borrawer warrants and v�il� defend genera��y the t��te�a the Prnper�y aga�nst all cla�ms and demands, subject t� an��ncumbrances af recard. TH�S SECUR�TY �NSTRUM�NT comb�nes uniform co�renants for na�iona�use and nfln-un�form cov�nants wi�h Iimited var�atians by�urisdiction to constitute a un�farm secur�ty �ns�rument cov�r�ng rea� prop�rty. l3nif�rm C��enants. Borr�wer and Lender co�enan� and agree as follou�s: 'i. Paym�r�t vf Prin�ipal, �nt�rest, Esc�vw Items, Pr�payment �harges, and Late Charges. B�rrower shall pay when due the principal of, and �n��rest on, the debt ev�denc�d by the N�te and any prepa�men� �harges and la�e charges due under the Note. Barrovwer shall a�so pay funds for Escrow �tems pursuant ta 5ection 3. Payments due under the No�e and�his Security Instrument sha��be made in U.S. currency. Hawever, if an�check or ather instrument rec�i�ed by Lender as payment under t�e Nate�r th�s Secur��y �nstrum.en� �s returned�o Lender unpa�d, Lender may require tha�any ar ail su�sequen�pa�rments due under the Nate and this Se�urity Instrumen�be made�n one or more af t�� fa��our�ng farms, as se�ect�d by Lend�r: �a}�ash; �b}mane�order; �c}��r�i�ed�heck, bank check, tr�asurer'�check or cashier's�heck, provided ar�y such check�s�rawn upnn an ins�itutian whase depasit� are insur��by a federat agency, instrumenta�zty, or en��ty; or�d} ��e��ron�c Funds'Transfer. Paymen�s are deem�d recez�r�d by Lender v�hen re�e��ed at�he la�a�xan desxgna�ed�n�he Note or at such ather la�ation as may be designat�d by Lender�n acc�rdan�e w�th�he no��ce pra��sians in S�ctzor� I5. Lender may return any payment ar par�iai paym�en� �f the paym�n�ar partia�paym�n�s are insuff�cient to br�ng the L�an current. Lend�r may ac�ep�any payment ar partia�paymen� insuff�cient��bring the L�an current, wzth�u�wa��rer�f any r�gh�s hereunder or pr�judice t� i�s rights ta refuse suCh paym�n��r par��a� payments in the future, bu�L.ender is not ob��gated t� app��such paym�nts at th�t�me such paym�en�s are ac�epted. If each Per�odic Payment is applied as�f its schedu�ed due dat�, then Lender need no�pay �nteres� on unapp�ied funds, Lender ma�ha�d such unapplied funds unti� Barrower makes payment�to bring the Laar�current. �f Borrov�er does nat d�so wi�hin a reasonab�e peri�d of time, Lender sha11 either apply such funds or return them ta Borrav�er. If no�applied ear�i�r, such funds wi��be applied to the outstanding prznc�pal.�aian�e under the Nate immedia�e�y prior to forecl�sure. No offset ar claim�vh�ch Barrawer m�ght have now or in the future aga�nst Lender shall relieve Barrower from making pa�ments due under�he Note and�hi� Security Instrum�n�or performi�ng�he cavenan�s and agreements secur�d by thzs 5ecur�ty Ir�strum�n�. �. Appl�cativn �f Payments o� Pr�ceeds. Exc�pt as otherv�ise described in this Section 2, a��paymen�s accepted and app��ed�y Lender sha�l be applied in the f�l�owing order of priarity: �a} �nteres�due under�he Note; ��}principal due under the Note; �c} amounts du�under Sec��on 3. Such pa�rments shai�be app��d to each Periodic Paym�nt in the arder in wh�ch ��e�ame due. Any remainzng amounts sha�l be appl�ed fzrst to late charges, second to any other amounts du�under this Securit� �ns�rument, and then to reduce�he prznc�pa��aiance af th� Note. �f Lender r�ce�ves a pa�rmen�from Bnrrower for a de�inquent Periadic Payment wh�ch includes a suff�c�ent amount to pay any �at�charge due, �he payment may be app��ed�a the del�nquent payment and�he�a�e charge. If mor�than one Periodic Payment �s outs�anding, Lender may apply any payment received from B�rr�wer�o th�r�paymen�of the Per�odic Payments if, and�o �he extent that, �a�h paym�nt�an be pa�d�n fu�l. To�he�xtent that any exce�s ex�s�s after the payment is appi��d to�he full paym�nt nf an�ar more Period�c Payments, such excess n-�ay be app��ed t� an� �ate charges due, V��untary prepayments shal�be applied�rs��o an�prepaym�nt charges and�hen as descr�bed in the Na�e. N�BRASKA-SingEe Family-�annie MaelFreddie Ma�UN#�4RM INSTRUMENT Fvrm 3028 11�� VMP Q VMP6(NE�{'1302j Waliers Kiuwer Fina�cial 5er�ices Page 4 at 17