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��15�4485 <br /> B�RR��VER��VENANTS that Borrawer is lawfully seised of the esta�e hereby conv�yed and has the right ta <br /> grant and c�nv�y the Property and�ha�th�Proper�y is unencumbered, except for encumbrances of recard. <br /> B�rrow�r warran�s and v�ili defend g�neraX��the t�t�e�o the Property against a��c�aims and denaand�, sub���t t� <br /> any encumbrances af record. <br /> TH��SECUR�TY INSTRUM�NT�o�b�nes unifarm ca�ver�ants for na��onal us�and nfln-uniforrn co�enants�ith <br /> �imited variations by jurisdictian to Cons��tute a unifor�n securit�instrument co�ering real prape��y. <br /> Unif�rm Cavenants. Borr�w�r and Lender co��nant and agree as follov�s: <br /> 'I. Paymen# �f Principal. 1n�erest, Escrow [tems, Pre�ayment Charges, and Late Charges. Barrawer <br /> sha��pa�when due the prin�ipal of, a�a.d in�erest�n, the debt ev�den���by�he�at�and any pr�paymen� <br /> charges ax�d Iate charges due und�r t�.e No�e. Borrower�hal�als�pay funds fnr Escr�w Items pursuant ta <br /> Se��ion 3. Payments du�under the I�Io�e and th�s SeGurit� Instrument�ha�l be made in U.S. �urrenc�. <br /> Hawever, �f any check or o�her instrumen�rec���ed by Lender as payr�en�under th� N'��e or�h�s Se�uri�y <br /> Instrurnent�s returned t�L�nder unpaid�, Lender�rna�require tha�any or a��subsequ�n�payments due under <br /> the Nate and�his Security Inst�rument�e mad�zn one or more af the fo�low�n� f�rms, as se�e��ed b�Lend�r: <br /> �a}�ash; �b}maney vr�.er; ��}c�r�i�e�1 checl�, bar�k check, treasurer's�heck�r cashier's chec�, provid�d any <br /> suc�cheGk is drawn upon an�n�titut�on wh�se de�asits are insured�y a federal agen��, ins�rumenta��ty, ar <br /> entit�; or�d}El�ctronic Funds Transfer. <br /> Paymen�s are deem�d receiW�d h�r Lender wh�n rece�ved at the l�ca�ian desxgna�ed in�he Note or at such <br /> o�her lo�ation as may be de�ignat�d by Lender xn accordan�e w��h th�notice proWisions�n Sec��an 1 S. <br /> Lender may r��urn any paym�nt�r par�ia�pa�ment if�he payment or partial payments are insuf���zen��o <br /> bring�he Loan current. Lender may accep�any pa�ymen�or par�ia�payment insuf�"�c�e�t to br�ng�he Laan <br /> curr�nt, ��thout waiver af an�r r�ghts hereunder�r pre�ud�ce�o�ts righ�s to refuse su�h payment ar par��a� <br /> payments in the future, �ut Lender�s not�h��gated�o app�y such paymen�s a�the time such pa�rrn�nts are <br /> accepte�. If each P�r�adic Pa�ment is appli�d as�f its schedule�due date, then L�nder n�ed not pay�nteres� <br /> on unappl�ed funds. Lende�r may ho�d su�h unapp�ied funds until Barrow�r makes pa�men�s to br�ng�he <br /> Loan current. If Barr�w�r d�es nnt da sa wx�hin a reasonab�e periad of t�me, Lender shal�either appiy suCh <br /> funds�r return th�m�o Borro�ver. �f not app���d ear��er, su�h funds wil�be app�ied ta the outstand�ng <br /> pr�nc�pal ba�ance under�he Note�rnmediate�y. pr�o��o farec�osure. No�ffset�r��airn whzch Borrower migh� <br /> have now ar in th�future against L.�nder�ha�l re��eve Borr�wer fram making pa�rm�nts due und�r�he Nate <br /> and this Security�ns�rument or p�rform�n��he co�enan�s and agre�men�s secured b�th�s�ecurit� <br /> Ir�,��rument. <br /> 2. Appl�cativn nf F'ayments ❑r Proceeds. Except as�therwise described in thxs Sec�ion�, a.�i payments <br /> a�c�pted azad app��ed�y Lend�r shall be applied in the follow�ng order of pr�or�t�r: �a} �nt�rest due under the <br /> l�o�e; �b}pr�nc�pa�du�und�r�he Nc��; �c} amounts due un�er Sec��an 3. Such payments shall b�applied�o <br /> each Periodic Payment in the arde�r�n wh�ch i�heca�me due. An�remain�n�amounts shal�b�app��ed first�o <br /> la�e charges, sec�nd�a any�ther amounts due under this Secur�ty I��trumen�, ar�d�hen to reduce the <br /> pr�nczpal�alance af�h��ote. <br /> If Lender recei�res a payment from Barrou�er for a de��nque�t Perxadic Payment v�rhich iric�udes a suff�c�ent <br /> amaunt�o pay any�ate charge due, the payment may b�appli�d t��he delinquent paym.ent and the�ate <br /> charge. If mflr�than�ne Period�e Payment is ou�standizag, L�nder may apply any paym�n�recei�ed frflm <br /> Borrovver ta t�.e repa�rment of�he Peri�d�c Payments if, an.d t�the extent that, �ach pa�rm�nt ca�a be paid in <br /> fu1l. To the ex�ent that any excess exists after the pa�mezat�s applied to the ful�paym�nt of arie or m�r� <br /> Periadic Pa�ments, such excess ma.y be appx�ed to an�1a�e�harges due. �'Voluntar�prepayme�ts shal�b� <br /> app��e��rs��o an�prepaym�nt chargts and then as described in�he Note. <br /> NEBRASKA-Singfe Famify-Fanr�ie Mael�r�ddie Mac UNIF4RM iNSTRUM�NT Farm 3D28 114'� <br /> VMP[y <br /> VMPfitNE}Z�3��f <br /> Wvlters K luwer�inanciat Services Pag��of 1 7 <br />