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��15�5574 <br /> B�RR�WER C�VENANTS�hat Borrower is iawfuliy seised af th�estate�ereby canvey�d and has t��right ta <br /> grant and convey the Pr�perty and tha�the Pr�per�y is unencumbered, except far encumbrances af record. <br /> Bor�ovver warrants and will d�fend g�nerally the title to �he Proper��aga�nst all c�a�m�and dernands, subj�ct t� <br /> any encumbrance�flf re�ord. <br /> TH�S SE�UR�T� �NSTRUIUIENT combin�s uniform cav�nants f�r nat��nal u��and nan-unifarm c�vet�ants wi�h <br /> l�mited varia�ions by jurisdic�ion t�constitu�e a unif�rrn securi�y ins�rurnent cnverzng r�al praper�y. <br /> Uniform Co�enants. Borro�ver and Lender co�enant and agr�e as fol��ws: <br /> 7. Payrnent of Pr�ncipal, Interest, Es�rvw Items, Prepaym�nt Charges, and Late Charges. Borrower <br /> shal�pay vvh�n due the pr�ncipa�of, and interest on, the debt evidenced by th� Note and any prepayment <br /> char�es and�a��char�es due under the Nat�, Borrower sha�l a�s�pay funds for Escrow��ems pursuant to <br /> Sect�an 3. Payments due under the Nate a�ad th�s Secux�ty�nstrument s�aa�l be rnade in U.S. �urrency. <br /> However, if any ch�c�ar a�h�r instruznent re�eived�y Lender as payment un�er the Note or this S�curity <br /> Ir�strument is re�urned t� L�nder unpa�d, Lender ma�r�quirt that any ar all su�sequent payments due u���er <br /> the N��e and th�s�ecurity�ns�rument be ma�.�in ane or mox�of th�f���awing forms, as s��ected by L�nd�r. <br /> (a�cash; �b}maney order; ���cer�zfzed check, ban�check, t�easu�e�'s check or cashier's che�k, p�rav�ded any <br /> such check is drawn upon an ins��tution�vhose d�pasits are insured by a fe�eral agency, instrumenta�ity, ar <br /> enti�y; or�r�} Electrflnic Fund�Transfer. <br /> Paymen��are deem��receiv��by L�nde�when reGe��ved a�the��cati�n des�gnated in�he�a�e or at such <br /> ather�ocat�on as ma�be des�gna�ed�y L�nder in accardance w��h the notice provi�i�ns in Se�t�on �5. <br /> Lender may return an�payxnen�or par�iai payment if the paym�ent or partial payments are insuffic�ent�o <br /> br�ng the Loan curr�n�. Lender may accep�any payment ar par�ial paym�nt insuffici�nt��bring the L�an <br /> curren�, wi�hou�wa��er of any rights hereunder or prejudic�to i�s rights ta refu�e such pa�men�or par�ial <br /> paymen�s in the future, but Lender is na��b�igated to app�y such payments at�he�ime such payments are <br /> accepted. �f each Periodxc Payrnent�s app��ed as�f��s schedu�ed due date, th�n Lender n�ed no�pay�n�e�res� <br /> an unapp�ied funds. Lender may ho�d such unapp�ied funds untzl Borro�er makes payments to br�ng the <br /> L�an current. If Borro�v�r d�es nat da so within a reasonable period of time, L�nder shal� either apply such <br /> funds or�e�urn them to Borro�ver. If not applied earlier, such funds will b�app��ed��the Qutstanding <br /> pr�nc�pa�ba�ance under the��te im.me�zate�y pr�or�o forec�asu�re. N�offse�or cla�nz which Borrower migh� <br /> have now or in the fu�ure aga�nst Lender sha��relieve Barrower from makin�payrnents due und�r the Not� <br /> and this Security Tns�rument or perfarn�ng the covenants and agr��ments secured by this Security <br /> �n�trument. <br /> Z. A�pl�catinn nf Payrnents ar Prace�ds. Excep� as o�herwise des�r�bed in this 5ect�an 2, al�paymen�s <br /> accepted and applied by Lend�r sha��be app��ed in the fol�owing order of pri�rity: ta} interest du�under the <br /> Note; �b}principal due under the Nate; �c}am�unts due und�r Section 3. Such payments sha��be applied ta <br /> each P�riadic Pa�ment in the order in whi�h it�ecam�due. Any rcmaining arnounts shall b�app�ied first to <br /> lat�charges, secand to any Qther amounts due under this Se�urity Instrument, and then t�reduce the <br /> pr�ncipa�balan�e of the Note. <br /> �f Lender receives a payrnent frorn Borrawer for a de�inquent Periodic Paym�nt whi�h includes a sufficient <br /> amaunt to pay any la�e�harge�ue, the pa�rnent ma�b�app�ied to�he delinquent payment ar��i the la�e <br /> charg�. �f more than one Periodic Payment is ou�standing, Lender m�y app�y any paym�nt r�ceived fram <br /> Borro�ver�o�he repayrnen�of the Periodic Payments if, and to�he e��ent that, �ach payrnent can�e paid in <br /> ful�. To��.e exten�that any excess exists af�er�h�payment is appli�d�a the fuli payment nf an�or mor� <br /> Perindic Paymen�s, such ex���s may be applied to any Ia��charge�du�. Valuntary prepayments shall be <br /> appl��d firs�to any prepayment�harges and then as descrzbed in�h�l��te. <br /> NEBRASKR-5ingte Famity-�annie MaelFr�ddi�Mac UNI�ORM tNSTRLlM�NT Form 3p28 11�1 <br /> VMP;� VMPBfNE]��3aZ} <br /> Walters Kluw�r Finar�cial S�r�ir,es Pag�4 of 17 <br />