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201503433 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.. Borrower warrants and will defend.generally#he iitle to the Froperty against all clanns and demands, subject to any encunzbran.ces o�record. THIS S�CURITY 1NSTRUMENT combines uniform covenants for national use and non-uniform covenan#s with limited variations by jurisdiction to corvstitute a uniform security in�trument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: '[. Payment of Principal, Interest, Escrow Items, Prepaym�nt Charges, and L,ate Charges. Borrower shall pay when.due the principat of, and interest on, the debt evidenced by the Note and any prepayment charges and Iate charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Securi#y Instrument shall be made in U.S. currency. However, if any check or other instrurnent received by Lender as payment under the Note or this Security Insi�uFnent is returned to Lender un.paid, �,endez xn.ay zec�uixe tb.at axzy or all subsequent payments due under tI�e Note and this Secuzity Instrument be made in one or more of the follo�ing forms, as selected by Lender: (a) eash; (b)money order; (c) certified check, bax�c ch.eck, treasuz�ez-'s check oz-cashier's check, provided any such check is dz-awn upon an institution whose deposits are insured by a federal agency, instrumentality, or enrity; or{d)Electronic Punds Transfer. Payzxaents are deemed received by Lender when received at the location designated in the Note or at suc�Z other iocation as may be designated by�,ez�.der im accordance witb the no�ice provisions in Section 15. Lender may retu�any payment or par�ial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuffici.ent to bring the Loan current, without waiver of ax�.y xigkats hereunder or prejudice to its rights to refuse such payment or partial payments in tk�e future, but Lender is not obliga#ec�to apply such payments at the time such paymen.ts are accepted. If each Periodic Payment is applied as of its schedul.ed due date, #he�Lender ne�ad not pay interes� on unapplied funds. Lender may k�old such unapplied funds�til Borrower makes payments to bring the Loax�current. If Borrower cloes not do so�ithin a reasonable period of time, Lender shall eitizez apply such funds or return them tQ Borrower. If not applied earliex, suc�Z fuxzds will be applied#o the outstanding principal balance undez-tkze Note immediately prior to foreclosure. No offset or claun which Borrower zni.glat have now or in the future against Lender shali relieve Borrower from.xxzaking payments due under the Note and this Security Instrument or perfornung tb.e covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in tYus Section 2, a.li payments accepted and applaed by Lender shall be applied in the followixzg order of priority: {a) interest due under the Note; {b}principal due�zder#he Note; (c)amo�nts due under�ection 3. Such payments shal.l be applied to each Periodic Payment in the order in which it became due. A.ny rexxaaining amounts shall be applied first to late charges, seco�d to ar�y other aaz�.ounts due under this Security Tnstnunent, and then to red�zce the principal balance a�thE Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which in.clucies a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payir�ent and the late charge. If more than one�'eriodic Pa�nent is outstanding, Lender�nay appJy any payment received from Borrower to the repayment of the Feziodzc Payments if, an.c�to ti�.e�tent that, each payment can be paid in full. To the extent tL1at any excess exists after the payrnent is appiied to the ful.l.payme�#of one or more Ferzadic Payments, such excess may be applied#o any late charges due. Voluntary prepayments sha11 be appli.ed first to any pzepayment charges and then as described in the Note. 24008622 NEBR4SKA-Single Family-Fannie MaelFreddie Mac UNIFpRM 1NSTRUMEI+lT Form 3028 V03 VM P B VM Pfi(NE){1302) Wolters Kluwer Fnancial Services Page 4 of 17