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��1 5�5�3� F3aRR�V�ER C�VENANTS tha�Barro�u�r is Iawfuily se�sed af the esta�e h�r�by can�eyed and has the righ�ta grant�nd con�ey t�.e Praper�y and that the Pr�perty is unencumbered, excep�f�r encumbrances of rectird. Bar�ower wa�r�rants and w�ll defend generaily the�i�i�ta the Pr�perty against aII cla�ms and demands, s��ject�� any�ncumbrances�f record. T��S SE�UR�TY �NSTRUMENT cnmbines un�form��venants for national use and non-unzform cauenar�ts with limited�ariatxons by jur�sdic�ian to��nsti�ute a uniform security instrument c�ver�ng real property. Uniform C�venants. B�rr�vver and Lender covenant�nd agree as fol�ows: '1. Payrnent of Principal, �nterest, Escrow I�ems, Prepaym�nt Charges, and Lafie Charges. B�rrow�r shall pa�when due the princzpal of, and intere�t an, �he deb�evidenced by the Nate and any prepayment �harges and �ate char�es due under the No��. Borrower shall al�o pay funds for Escrow�tems pursuant to Sec�ion 3. Payments due under the I�ate and th�s Se�urity Ins�rument sha��be made�n U.S. �u�rency. �3owever, �f any check ar ather ins�rumen�r�ce��ed by Lend�r as paymen�under the Note or this S�curity �nstrument is r�turned ta Lender unpaid, L�nt�er may require that an�or al� subsequent paymen�s due und��r the Nate and this SeCurity�nstrument be ma�e�n one ar mnre flf the fo��owing form�, as selected b�Lend�r: �a��ash; (b}mone�a�der; (c}cert��ied�heck, bank c�aeck, t�easu�-e�'s check or cashier's check, prov�t��d any such chec��s drawn upon an i�s�itutifln vvhose depas�ts are�n�ur�c!�y a fed��a� ag�n�y, instrum�nta��ty, or enti�y; or �d} E�ectr�nic Fu��ds Trar�sfer, Payments are deemed r��eived hy L�:nder when received at the location designa�ed�n�he�ot�or at�ueh other�o�at�an as may be designated by Lender in accordance with�he n�tice provis�ans in Secti�n 15. Lend�r may re�urn any pa�men�or partial paymen�if the pa�ment ar par��a�payments are insuffi�i�nt�o bring the Laan current, Lender may accept any payrnent or partia�payment�nsuf�cient to bring the Loan current, �ithaut wazver af any rights hereunder or pre�ud�c��a its r�ghts ta refuse such paymen�ox par��a� paymen�s in the future, but Lender is not ob�iga�ed t�app�y �uch paym�nts at the t�me such payments are acc�pted, �f each Periodic Paymer�t is applied as�f its sche�uled due date, th�n Lende�r ne�d na�pay interest on unapplied funds. Lender ma�h�1d �uch unapplied funds unt�l Barrnv�rer ma.�es pa�ments to bring�he Lflan cur�ent. �f Borra��r daes not do s��th�n a r�asona�Ie p�riod nf��me, Lender shali eith�r apply such funds or return them ta Barrnwer. �f not app��ed earizer, such funds�►r��l be applied�o�he autstanding pr�nc�pa�balanC�und�r the Note�mmedzate�y pr�or ta for�c�asu�re. N�affse�or claim which Borrawer might ha�e now or in the future against Lender sha�l re�ieve Borro��er fram mai��ng payrnents due under the No�e and this Secu�rzty�nstrurnent or perfarn�ing the cavenants and agreements secured by�his Security Instrumen�. 2. Applica�ian of Payments a� Proceeds. Exc�pt as ath�rwise descri�ed�n th�s Sect�an Z, a�I payments accepted and applied by Len�er sha�l be app�z�d in �he fo�lovv�ng�rd�r of priority: �a}interest due under the Nate; �b}principal due under the N��e; �c} am�unts due und�r�S�ct�on 3. Such pa�ments,shall be appli�d to each P�riodic Payment�n the arder zn vvhich it be�ame due. Any rem.aining amounts shall be applied�irst to �ate charges, second to any �th�r am�unts due under�h�s Secur�ty�nstrum�nt, and then�a r�duc�the principa�ba�ance of the I�ate. �f Lender rece�ves a paym�nt frorn Barro�ver far a d�iinqu�nt P�riodic Pa�rnent�vh�ch�ncludes a�ufficient amoun�t�pay any tate charge due, th�pa�ment ma��e app�ied to xhe del�nquent payrnent and�he late charg�. If mare�ha.r�ane Pe�ifld�c Paymen��s nutstand�n�, Lender m�.ay apply any paymen�received fram Borrawer ta th�repayment of the Per�ad�c Payments �f, and�o�he extent tha�, each payment can be pa�d �n fuli. To the ex�ent�ha�any exc��s exist�af�er�he pa�ment is applied�o the fu�l paymen�af one�r more Peri�dic Payrnent�, such excess ma�be appl�ed t�an�late charges due. Voluntary prepayments sha�� be app��d fzrst to any prepayment charges and�hen as de�cribed in the Na�e. N�BRASKA-Single�amily-Fannie MaelFreddie Mac UNlFaRM INSTRUMENT Form 30�8 11D1 VMP� VMP�4N�]4�30�1 Walt�rs�fuw�r F�nanEial Ser�ices Pag�4 0�17