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��15��154 B�RR�WER��VENANTS that E�orrower is Iawfu�ly seised of�he e5tate h�r��y con�eyed and h�5 the right tv grant and��nv�y the Propert�and that t�e Property is unencumbered, ex�ept fvr encum�arances of record. Borrower�varrants and will defend generally the title t�the Pmperty against a11 claim.s and deman�ls, subje�t t� arYy encumbran�es af rec�rd, THIS SE�URITY INSTRUMENT combines unif�rm cavenantas for na.tion�a�use and nvn-uniform c�venan�s with limited variati�ns�y jurisdiction t�const�tute a unif�rm security instrument�overing rea.�praperty. U n if��m C ove nants. B�rrower and Lender covenant a.nd agree as fallaws: �. Payment �f Principal, Interest, Escraw Items, Prepaymen# Charges, and l�te Charges. �orr�wer sh�l�ay when�ue the principai of, and int�re�t�n, the debt��iden�ed by the Not�and any prepayment charges and la�e�ha.rge�due un�er�he l��te. Borrower shall aiso pay funds for Escrovv Iterr�s pursuant to Section 3. Paymen�s due under�h�Note and this Security Ins�trument shall�e made in U.�. currency. However, if any che�k or�ther instruntient re�eived�ay L�nder as paymenr und�r the Nnte or this Se�urity Instrum�nt is re�urned to Lender unpaid, Len�er rnay require that any�r al1 su�sequen�payments d�e under the Nate and�his Securi�y Ins�trument be made in�ne ar more of�he following form�, a�selected�y Lender: �a}ca�h; (b}man�y arder; �c}certified check, bank�heck, �reasurer'�ch�ck or cashier's�heck, provided any su�h check is drawn upon an in5titut�on�vhose deposits are insured by a federa�agen�y, instrumentality, or �niity; �r�d}Electranic Funds Transfer. Paym�n�are deemed received by Lender when recei�ed at the�acation designated in the Note or at such v�her I��at�on�s xnay he des�gnated hy Lender in accordance with the n�tice pr��isions in Section 15. Lender may return any pa.ymenti ar partia�paymen�if�the payment�r par�ial payments are insuf�r'�cient to �ring�he L�an current. Lender may accept any payrnent or partial payment insuffi�ient to bring the L�an current, with�ut wai�er�f any rights hereunder ar prejudice to its rights ta refuse�uch payment or pa�tial, payments in the future,but Lender is not obiigate��a apply such paymen�s at the time such pa.yments are accepted. �f ea�h Periodi�Payment is applied as+�f it�sch�duled due date, then Lender need not pay�.nterest on unapp�ied funds. Lender ma�hQ1d such unapplied funds unt�l�orrower makes payments to bring the L�an�urrent. �f Borrower do�s not da sn wi�.un a rea.sonable peri�d of time, Lender shall either app�y such fu.nds or re�urn them to Barrower. If n��applied earlier, such funds�vi11 be applied to the ou�sta.nding principal�alan�e under�he Note unmediately priar to foreclosure. No afFset or claim which Borrower migh� have n4w ar in the future against Lender sha11 relie,ve Borro�ver from making payments due under�he Note and this Security Instrum+�nt or perfflrming the c�venan�s and agreements secured�y this Security Instrument. �. Applicativn vf Payments vr Proceeds. Except as otherwise d�scril�ed in th�s Sec�i�n 2, all payments acc�pted and appli�d�y Lender sha111�e appl�ed in�he following order of pri�rity: �a}int�rest due under the Note; (b}principa.l due under the Nate; �c}amounts due under Sectian 3. Such payments shall�e ap�lied ta each Period�c Payment in the order in wh�ich it�ecarne due. Any remaining amoun�s shall h�applied first to la�e charges, sec�nd to any�ther amounts due ur�ler this Securi�y Instrument, an�then t�reduce the prin�ipa.l balanc�of the Note. �f Lender reeeives a payment fr�m Bflrro��ver f�r a delinquent Perindic Paymen�which includes a sufficient amvunt ta pay any late c�a.rge due, the payment ma.y he applied ta the delinq�x�nt payment and ti�e late charge. If m4re than one Period�c PaymEnt is out�tan�ing, Lender may apply any payment received fronl B�rra�ver to the repayment of the Peri�dic Payments if, and to the extent�hat, each payment can be pa.id in fu�l. To the extent that any excess exists aft�r�he payment is applied tfl the fu�l payxnent of ane or rr�ore Periadic Payments, suc�excess ma.y be applied to any late charges due. V�luntaxy pr�paymen�s sha�l be applied first to ar�y prepayment charges and then as described in the Note. 23Q�3B�497 ❑VfiN� N�BRASKR-Single Family-Far�nie M aelFreddie Mac IJNIF�RM INSTR�M ENT Fvrm 3�Z8 i 1D 1 VMP� VMP6�NE)�1302� Walters Kluwer Financial Services Page 4 of 1