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��l 5��41 3 BDRRDWER�DVENANTS tha�Borr�wer is la�full�seised of the estate hereby ionveyed and has th�ri�ht to grant and con�rey the Proper�y and�ha�the Property is unencumbered, �xe�pt for encumbrances of record. Barrow�r warran��and w��d��end gene�a�Iy�he title�o the Prop�rty against a�l�laims and demands, sub��ct ta any encumbrances of reca�d. TH�S SE�UR�TY�NSTRUMENT c�mbines unzform c�venants f�r natiana�use and non-uniform c��enants wi�h lim�ted�ariations�y jurisdiction to canst�tute a un�form s�curi�y�nstrumen��ove�ring real p�r�per��. Unifarm Co�enan#s. Borrawe�and Lender covenant and agree as fo�lo�vs: �. Payment vf Principal, Int�rest. Es�row Items, Prepayment �harges, and Lat� Charges. Borr�wer sha��pay when due the princ�pa�of, and int�r�st an, the debt evid�nc�d�y th�Na�e and any prepaym�nt charges and late charges due under th�Note. Borr�wer sha�� a�so pay funds fnr Escrow �tems pursuan�ta S��tian 3. Payments due under th�Note and th�s Secur�ty �ns�rumen�shall he xnade in U.S. �urrency. Hawe�er, if any check ar oth�r znstrum�nt r�ceived by L�nder as payment under the Nat�o�th�s Secur��y �nstrument is r��urned t� Lender unpa�d, L�nd�r rnay requir�that any ar all subsequen�payrn�nts due und�r the Nate and this Securi�y Instrument be made�n one or more of the f�l�owzng forms, as sele�t�d b�Lender; �a} cash; (b} money order; �c}certified check, bank check, treasu�rer's chec�ar cashier`s check, pr�vid�d any such check is dra�vn upan an insti�utian whose deposits are insured by a federal agency, �nstrum�n�ai�ty, o� en��y; or(d) Eiectronic Funds Transfer. Payments are de�med recei�ed by Lender when re�ezved at the�o�ation de��gnated �n the Nflte�r at such other Ioca�ian as may be de�ignat�d by Lender�n acc�rdance with the n�tzce prflv�s�ons�n S�ct�an I5, Lender ma�return an�payment or partial paynzen� if the payment or partial payments are insufT'z��ent t� bring th�Loan curren�. Lend�r may ac��pt any payrnent or partial paymen�in�uff cien�ta bring th�Loan current, wi�hout v�a��er of an� rights hereunder or prejudYc��a its righ�s ta refuse such payment ar part�al paymen�s�n�he future, but Le�d�r�s not�bliga�ed to apgly such payments at the time such pa�ments are accepted. If ea�:h Periodic Payment is appl�ed a�of its schedu�ed due date, �hen Lender nee�l nat pay interest an unap�tied fur�ds. L�nd�r may ho�d such unapp��ed funds unti� Barrower ma�es paym�nts �o�ring�he Loan curren�. �f Bflrrovver does n�t da so within a reasonabl�p�r�od of time, Lender shall�ither apply such funds or r�turn them to Bor�ro��v�r. �f nnt appl�ed eariier, such fund�will be applied to the�utstand�ng prin�ipat ba�ance und�r th�Note immedia�e�y pr��r��fore��su�re. Na offs�t flr claim wh�ch Borra�ver might have now or in the future agains�Lender sha�� r��ieve B�r�awer from mak�ng paymen�s due unde��he�1��e and�hi�Security Ins�rum�nt�r perform�ng t�.e cov�nan�s and agre�ments secured by this Secur�ty �nstrument, Z. App�icativn �f Payrnents �r Praceeds. Except as o�herwise descrzbed zn th��Se�tion 2, aII�ayments ac�epted and applied by Lender sha��be app�z�d�n the fo�low�ng ard�r of pr�or��y: �a} �nteres�du�under the Note; �b}principal due under the Nate; �c}amaunts due under 5ect��n 3. 5uch pa�ments sha�� be appli�d to each Periadic Payment in th�order in which��became due. Any remaining arnounts shall be applze�.f��rs��o �ate charges, secnnd ta any other am�unt�due under this 5ecurity Instrument� and then to reduce th� pr�nc�pa�balance flf the Nat�. . If Lender receives a paym�nt frorn Barrawer far a de�inquent Peri�dzc Payment vvhich in��udes a suffiG�en� am�unt to pay any iate charge due, �he paymen�ma�be applied to the delin�uent payment and�he�a�e cha�ge. �f more than one Per�ad�c Payment i�outstanding, Lender ma�apply an�pa�men�recei�ed fram Ba�rower to the repayrnent of�he Per�od�c Paymen�s if, and to�he extent that, each paymen�can be paid in fu�l. Ta the exten�that ar�y excess exis�s after�he paymen��s app��ed�a�he fu�l pa�ment af❑ne�r mare Feriodic Payments, such exc�ss ma�be app�ied�o any Iate charges due. Vo�untary prepay�nen�s sha�1 be app��ed f�rst ta any prepaym�nt charges an�then as described in the Nate. NEBRASKA-Singte�amily-Fannie Ma�IFreddie MaG UNiFQRM INSTRUMENT F�rm 3�28 1I41 VMP� VMP64NE}413Q2) WvIters ICIuwer Fin�nci�!5er�i�es Page 4 of 1 7