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��15�5�37 <br /> B�RR�WER C�VENANTS tha�B�rrawer is lawfu��y se�sed af�he esta�e her��y Con�e�r�d and has the r�ght to <br /> ��°����a��d c��ir-r�y�h�FrU�er��r�d i�ia�i�ie ��a�e��y �s u���z�cu�z��er�u, excep�c�or e���uxxx�ra�ac�s oi r�c�ti�. <br /> Borravver warrants and will defend genera�ly the���le�o�he Proper��against all c�arms and demands, subject�a <br /> an�r encumbran��s�f record. <br /> TH.IS SECURIT�INSTRUMENT c�m�ines unifarm covenants for na��ona�use and non-unif�rrn�ovenants�vith <br /> ��inited variations by jurisdiction to c�ns�x�ute a uniform s�curity ins�rument ca�ering r�al pr�per�y. <br /> Unifarm �arrenants. Borr�wer and Lender co�enant and agree as fo1l��nrs: <br /> '�. Payment �f �P�rin��pal■ Ii'1tP�'$5t, IEs��v� �ter��, P�e�ayr�ent �ha�ge�, an� Late Ch�rges. Borrower <br /> sha11 pa�vvl�en due the principal of, and interest on, the de�t�videnc�d by th�Note and any prepayment <br /> char�es and la�e char�es due under�he No�e. Borrower sha�l a�sa pay funds for Escrow�tems pursuar��t� <br /> ���tior�3. �aym�nts du�und��r t�le Not�and this S�cur�t��nstr�.ment sha11 be made in U.S. currency. <br /> Howe�er, if any�heck or ather xnstrument r��e�ved by Lender as payment under�he Note or�his S�curity <br /> �ns�rumen�is returne�ta Lend�r unpaid, Lender may r�quire tha�any or all subs�quent paymen�� due under <br /> �h�N�te and�his Security�nstrument be made in one ar rnore Qf the f�llowing forms, as selected b�Lender: <br /> (a�cash; ��}money order; �c}cert�fied�heck,ba.nk check, treasurer's check or cashier's check, pravid�d an� <br /> such check is�rawn upan an institutian wh�se depos��s are insured by a federal agency, ins�rumenta�i�y, �r <br /> en�ity; or�d} E�ectron�c Funds Transfer, <br /> Payments are deemed received by Lender when r�ceiv�d at�he l�ca�ion dcsignated xn�h�Na��or at such <br /> ❑ther i�cation as may be des�gnated�y Lender�n aGcordance v��th the no�ice provision�xn Section 15. <br /> Lender may return any payment ar partial paymen�if�he payment ar partia�payments are insuff��ient to <br /> bring the Laan current. Lend�r may accept any payment or partial payment insuff���en��o brzng the Loan <br /> current, vvithout v�aiver of an�r�gh#s hereunder ar pre�ud�ce�o its rights to refus�such payment or part�al. <br /> payments in the futur�, 1�u�L�nder is not a�l�gated�o app�y�uch payments at the tixne suGh pa�men�s are <br /> acc�pted. �f�a�h Per�odz� Payment is appiied as of xts scheduled due date, th�n Lender need not pay interes� <br /> on unapplied funds. Lender may hold su�h unapp�ied funds unt�l Barrower rnakes paymen�s to br�ng the <br /> Loan current. �f B�rrQwer does nat da sa within a reasonable per�od of time, Lender sha��either apply such <br /> fu��ds or r�tur���1�����to Botrow�r. If ti��a���iea earl�er, �u���func�s wiii be appl�ed�a�h�au�Cstandi�g <br /> �rincipal balance under�he Note immedia�e�y pr��r�o foreclasure. No offse�ar c�aim which Borrawer migh� <br /> have nov�r�r�n the futur�against Lender shal�rel�eve Borrov�er fram mak�ng payments due under�he No�e <br /> and this Secur�x�r�nstrument or perfarm�ng�he co�enant�and agreemen�s secured�y this Securxty <br /> �nstrunz�n�. <br /> �. �4ppl�cativn uf Payments ar Prv�eeds. Except a�atherWis�des�r�bed in this Secti�n 2, �11 payment� <br /> accepted and applie�by Len�.er shall be app�xed�n the fflllawing order of pri�rity: �a}interest due under the <br /> I����; ��u���x�����r�i ur���x��de������I���e; �c� �r.���uz��:s�ue u���ier�ec�i�n 3. �uch payrn�nis�hali o�appli�d to <br /> �ach P��xod�c Paymen�in the order in which��beCame due. Any rema�ning amounts shal�b�app��ed firs�to <br /> la�e charge�, sec�nd�o an�oth�r amounts due under th�s 5ecurity Instrument, and then to reduce th� <br /> prin�ipa�balance of�he No�e. <br /> If Lend�r receives a pa�rrn�nt fr�m Borrower for a delinquent Periadic Pa�rmen�vvh�ch�ncludes a suff�c�ent <br /> amount to pay any late charge due, �he paym�nt ma�r be app�ied to the d�linquenx payxnent and�he�ate <br /> charge. If more�han ane Per�odic Pa�m�nt�s outstanding, Lender may apply any payment rec��ved from <br /> Borrower to th�repayment�f the Per�odic Paym�nts if, an.d�o��e cx��nt that, each pa�rment can be paid�n <br /> ful�. To the extent that any ex�ess ex�sts after the payrnent�s app�ied to the fu11 pa�men�of�ne Qr m�re <br /> Periodi� Payrnents, such excess may be applied�o an��ate charges du�. Valun�ar�prepa�rments sha1�be <br /> applied f�rst t�any pr�payment charges and then as descr�bed in the Nate. <br /> NEBRASKA-Single�amily-Fannie MaelFreddie Mac EJNIFpRM iNSTRUM�NT F�rr-n 342$11Q1 <br /> VMP� VMPStN�]�13Q2j <br /> Walters�Cluwer�inancial Ser�ices Page 4 af'i 7 <br />