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, � Q � � � �; � 201503646 BORROWBR COVENANTS that Barrawer is lawfully seised of the estate hereby conveyed and has the right to grant and convey tha Property and that tl�e Ptoperty is unencunlbered, except for encuznbrances of record. Borrower warrants and will defend generaliy the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRiJM�NT combines uniforin cavenants for national use and non-uniforin covenants with liinited variations by juz•isdiction to constitute a unifornl security instrtunent covering real property. linifarm Covenants. Borrower and Lender co�enant and agree as follaws: 1. Payment of Principal, Int�rest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and intexest on, the debt e�idenced Uy the Note and any prepayment charges and late charges due under the Nate. Borrower sha11 also pay funds for Escrow Iteins pursuant ta Section 3. Payinents du�under tl�e Note and Chis Security Tnstrumenl sha11 be naade in U.S. currency. However, if any check or other instrutnent received by Lender as payinent under the Note or this Security Instrument is returned to Lender unpaid, Lender inay require that at�y or all subsequent payments due under the Note and this Security Instruinent be made in ane or rnore of the following forms, as selected by Lender; (a) cash; (b}rnoney order; {c} certitied check, t�ank ch.eck, treasurer's checic or cashier's check, pro�ided aily such check is drawn upon an institution whose deposits are insured by a federal agency, instruinentality, or entity; or{d)Electronic Funds Transfer. 1'ayinents are deemed received by L�Zder when recei�ed at the location designated in the Note or at such other location as inay be designated by Lender in accordance with the notice provisions in S�ction 15. Lencler znay xeturn airy�ayment or partial payment if the payment or partial payments are insuffici�nt to bting the Loan current. Lender inay accept any payment or partial payinent insufficient to bring the Loan current, without waiver of airy rights hereunder or prejudice to its rights to refuse such pay�nent or partial paytnents i�a the future, but Lender is not obligated to apply such payanents at the liine such pay�nants az•e accepted. IF each Periodic Payin�nt is applied as of its scheduled due date, then Lendex need not pay interast on r.tnapplied funds. Lender rnay hold such unapplied fiinds until Borrower makes payments to bring fhe Loan current. If Barrower cloes nol do so within a reasonable period of time, Lender shall either apply such funds or reCurn thein Lo Borrower. If t�at applied earlier, such funds will be applied to the outstanding principal balance ui�der the Note iininediataly prior to foreciosure. No offset or claim which Borrower rnight have now or in the future against Lender shall relieve Borrower firom making payinents di�e undar tl�e Note and this Security Instruinent or performing the co�venants and agreements secured by this Security Instrument. 2. ApplicaEion of Payments or Proceeds. Except as otherwise described iu tlus �ection 2, all payments accepted and applied by Lender shall be applied in the fallowi��g order of priority: (a} interest due under the Noke; {U}principal due under the Note; {c} ainounts due under 5ection 3, Such payments shall be�pplied to each 1'eriodic Payment in the order in which it Uecanie due. Any remaining amounts sha11 be appiied first to late charges, second to ai�y other ainounts due luider this Security Instruinent, and then to reduce tl�e principal balanc�of the Not�. IF Lender recei�es a payinent from Boxrower for a delinquent Periodic Payinent wh.ich includea a sufficient amount to pay any late charge due, the payin�nt may be applied to the delinquent payinenti and the laCe charge. If more than one Periadic Pa�nent is outstanding, Lender anay apply any payment received frozn Borrower to the rapayinent of the Periodic Payinents if, and to the extent that, each pay�nent can be paid in full. Ta the extent that any excess exists after the payment is applied to the full paymenl o£o�e or more �'exiodic Payinents, such excess may be applied to �►ny lata char�;es due. Volunlary prepayinents shall be applied firsC Lo any prepayment charges and then as descriUed in the Note. 9D0352070749 NEeRqSKA-Single Fam€ly-Fannie MaelFreddla Mac UNIFOftM INSTRllM ENT Form 3028 1109 VMP� VMPfi(NE){1302) Wollers Kluw er Financial Services Page 4 of 17