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��1 5�5�34 B�RR�WER��VENANTS that Barrawer is�awfu��y s�ised of th�esta�e hereby con�eyed and ha��he righ�t� gt�ant and C�nvey the Property and that the Property is unenr:umbere�, excep�far en�umbranc�s of rec�r�.. Borrower�uarrax��s and w��l defend genera��y the��t�e to the Property agains�aIl clairns and demands, subjec�to any encumbran�es of record. TH�S SECURITY�NSTRUMEI�T comb�nes unzform covenants far na�ional us�and n�n--un�form cavenants with �irni.��.�rariatiQns by jur�sdiction to cons�itute a un�form�ecur�t�r instrurnent covering rea�prapert�. Llnif�rm �Q�enants. Barr�vver ar�d Lender�o�enan�and agree as foi��u�s: 7, Payment vf Prin�ipa(, �nterest, Escrow �tems, Prepayment �harges, and Late Char�es. B�rraw�r sha��pay wh�n due the principal of, and�n�erest on, the debt evidenced�y th��to�e and any prepayment charges and 1at�charges due under the Not�. Borrawer shal�a�so pay funds fnr Escr�w I�em�pursuant to �ect��n 3. Paym�n�s du�under the Not�and this Security�nstrument sha��be made in U.,S. currency. Ho�vever> �f any�heck�r o�her instrument received�y Len�.er as paymen�und�r�he N�te ar this Security �ns�rument�s re�urned ta Lender unpazd, Lend�r may require that an�or a�l subsequent payments due under the Note and th��Se�urity�nstrument be made in�ne ar more of the fo��owin�forms, as selec�ed by L�nder: �a}cash; �b}mone��rd�r; �c}cer��f�ed check, ban�k check, tr�asur�r's check or cashier's c�eck,pro�ided any such check is drawn upan an�nst�tutzon whose depos�ts are insured by a f�deral agenc�r, instrumer�tal�ty, or enti�y; ar�d} Electronzc Fun�s T�ransfer. Paymen�s ar�deexn�d recezved h�Lend�r when rec�i��d at the�aca�xan designat�d�n the N��e ar a�such o��Zer�ocat�an as may he designa�ed by Lender in accardance v�rz�h the not�ce pra��sion�in Se�t�on �5. Lender may return any payment�r part�ai paymen�if the paym�nt flr par�ia�paymen�s a�re�nsuf�cient t� �ring the Loan current. Lender may a�cep�any payment or partial payment�nsuff�czent�a bring the Loan curren�, �v�thaut waxv�r af any rzgh�s hereunder ar prejudice�o �ts rig�i�s to refu��such payment or par�ial paymen�s in��e futur�, but Lender�s n�t ab�igated�o app�y such payrnents at the time such payrnents are accepted. �f each Periadic Payment is appiied as�f��s s�hedu�ed due date, then Lender n�ed n�t pay xnterest an unapp�z�d funds. Lender ma�r h�ld su�h unapp�ied funds un��Borrower makes pa�ments to br�ng the Loan curr�nt. �f Borro�ver does no�d�sa within a rea��na�le perz�d of tzme, Lender sha�Z ei�h�r app�y such funds ar re�urn them tn Borro�er. �f na�app�zed earlier, su�h funds will be app�ied to th�outstari�iing pri�cipal baiar��e under the Note immediate�y pr��r to farec�o�ure. No offset flr c�aim which B�rrawer m�ght have now or in th�future against Lender sha��relie�e B�rrov�rer fram making payrn�n�s due under th�Nfl�e and this S�curity�nstrument or performing the covenants and agreemen�s s�Gured b�thzs Se�urzty �n.stru.ment. �. Applicat�an of Payrnents �r Proc�eds. Except as��herwise de��ri�ed in thzs Sect�on 2, all payments accept�d and app��ed by Lender�hall be applied in the.fa��owing order af pri�rity: �a}�n��r�s�due under�he Note; �b}przncipal due under the Nate; �c}amounts due under Sect�on 3. SuCh payments shall l�e app�ied�� each Per�od�c Payment in the or�ler in�hich it became due, Any rema�ning am�un�s sha��b�appl�ed f�rst ta la�e charges, second�a any o�her am�unts due under this 5ecurity Ins�rument, and�hen ta red.uce�he pr�n��pa��alanc�af the�ot�. �f Lend�r receiv�s a paymen�from Barrav�rer f�r a d�ixnquent P�riadic Paym�nt vvh��h�n�c�udes a suf�cient arnount��pay any�ate charge due, �he p�yment may be applied to the de�inqu�nt paymen�and the late charge, �f mare than one Periadic Pa�ment zs au�stand�ng, Lend�r may appiy an�pa�m�nt recei�ed frnm Sarr��ver to the repa�rrnent of the Feri�dic Payments�f, and to�he ext�nt that, each payrnent car�be pa�d in ful�. To the ex�ent tha�any excess exists af�er the pa�men��s appiied�o the full paym�n�af on��r rnare Per�odxc Payments, such excess may be app��ed to any�a�e charges due. Voiuntary prepayments�ha�l be app�ie�.�rst ta any prepaymen�charges and then as describ�d in th�Note, NEBRASKA-5i�gl��amiiy-Fannie Mael�red�ie Mac UNI�ORM 1NSTRUMENT Fvrm 30�8 1141 VMF p VMP6�NE��i 302) ►Notters Kiuwer�inanciat 5er�ices Page 4 vt 7�