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��1 5���7� <br /> B�RR�WER�C]VENANTS tha�Borrflwe�r xs�awfully seised�f the estate her�by�onveyed a��d has�he r�ght�a <br /> brant and car��ey�he Praper�y and that the Pr�oper��is unencumb�red, eKcept far enGumbranc�s �f r�e�ord, <br /> Borrower�arrants and v���� d�f�nd g�n�ral�y the title t� the Frapert�aga���st a�i�iaims and de�nand�, subjec��o <br /> any�ncumbrances�f record. <br /> THIS SECURITY�NSTRUMENT Cflmb�nes un�form co�enants for na�iona�u�e and non-unifarm c��enants wzth <br /> Iimited varia��ans�y jur�sdict�on t�canstztu��a un�forrn�security�nstrumen��o�er�n�rea�property. <br /> Uniform Co�enants. Borrower and Lender co�enant and agree as fa�iows: <br /> '!. Payrnen� vf Principal, Interest, Escr�w �tems. Prepayment Charges, and Late Charges. B�rrower <br /> shall pay when due th�principal af, and�nterest an, the debt ev�denced by�he Note and an�prepayment <br /> charges and�ate charges due under the Not�. Borrflv�er sha�l a�so pay funds for�scraw��exns pursuant�o <br /> Sectzan 3. Payments due under the Not�and this Security In�trumen�shall be made in U.S. �urrenc�. <br /> However, if any�heck ar other instrument received by Lender as payment und�r�he No�e or this Security <br /> Ins�rumen�is returned ta Lender unpaid, Lender may requ�re that any or al�subsequen�payments due under <br /> th�Note and th�s S�curity Instrument b�mad��n one or mo�re of th�f���owing f�rms, as se�ected by Lender: <br /> �a}cash; �b}m�ney order; �c}c�rtified check, bank check, t�r�asurer's check or cashie�'s check, pr�v��ed an� <br /> such check is drawn upon�n ins�i�utinn tivhose d�posit�ar�e�nsured by a fed�ral agency, in��rumentali�y, or <br /> �n���y; or�d� ��ectr�n�c Funds Transfe�r. <br /> Payments are d�emed re�ei��d by Lender when rec�zv�d at�he 1o�at�on designa�ed�n the Note ar a�such <br /> other�acat�on as may be d�s�gnated by Lender in a�c�rdanc�with�he nQtice pro�isions�n Sect�on �5. <br /> L�nder may retu�n any paym�nt or part�a�pa�ment if the pa�men��r partiai payments ar�insuff�c��nt�a <br /> bring�he L�an�urrent. Lender may accept any pa�ment o�partia�payment�nsuffiCi�n�to bring the L�an <br /> current, w�thau�wai��r�f any r�ghts hereunder�r p�ejud�c�t���s rzght�to refuse such paymen�ar par�ial <br /> paym�n�s �n the future, bu�Lender is not at�Iiga�ed t�apply such payments at the tim�5uch payments are <br /> accepted. If each P�riadic Paymen� is applied as�f it� �cheduled due date, then Lender need no�pay�nterest <br /> 4n unapplied funds. Lender ma�hold such unappl�ed funds unti�Barrower makes pa�ments to bring the <br /> LQan current, �f B�rrower does not do s�within a reasonable period of t�rne, L�n�.er sha�l eith�r app�y such <br /> funds or return�hem ta Borrower. �f na�app�xed ear�ier, such funds vv���be app��ed to the�utstand�ng <br /> pr�ncipa�ba�an��under the l�ote immediate�y przor to fo�ec�asure. No offse�or c�aim wh��h Bor�rflw�r mi�ht <br /> have nov�r ar in th�future against Lender sha��relieve Borrower fram rnaking payments due under the No�e <br /> and this Secur�ty�nstrument ar perfarm�.ng�he c�Wenants and agr�em�nts se�ured b� this Security <br /> �ns�rument. <br /> �. Appli�a#i�n of Payments or P�aceeds. Ex�ep� a�othe�-�v�se des�;ribed�n this Sectian 2, al1 pa�rments <br /> accep��d and applied by Lend�r shall b�appiied in the fo��owing order of priarity: (a} interest due under�he <br /> Note; �b)principa�due under the No��; ��}amounts�ue under Sec��on 3. Such payments shall b�aPpl�ed�o <br /> each P�riodi�Payxnent in�he ord�r�n v�hich it�e�ame due. Any rema�nzng amounts sha��be appl�ed��rst�o <br /> �ate charges, s�con�to any other amounts du�under this Secur�ty Instrurnent, and th�n�o reduce the <br /> principa�halanc��f the N�te, <br /> If Lender r�c�i�es a payrnent from Barrawer for a d�lin�uent P�r��dic Paymen�which in�iudes a suff�c�ent <br /> amaunt to pa�any late charge due, the payrnen�may be app�zed�o�he de��n�uent paymen� and the late <br /> char�e. �f xr��re than one Periodic Pa�men�is outstandin�, Lender may appty any pa�ment received from <br /> Barrawer to t�ie repaymen�of the Periodic Payment� if, and ta th�extent that, each payment can be paid in <br /> fu�l. T��he ex�ent tha�any e�cess ex�sts after the payrnen�is app�ied to the ful�pa�m�nt of�ne�r more <br /> Period�c Payments, �uch e�cess may be app��ed t� any�a�e charges due, Vo�untary pr�pa�ments sha��be <br /> app�ied f��st to any prepayment charg�s and then as descr�bed�n the Note. <br /> NEBRASKA-Single Family-�a�nie MaeJFrecf�i�Mac UNlFORM�NSTAUMENT Farrn 3D�8 1101 <br /> VMP� VMP6�NEi��3aZ1 <br /> Wvlters�C�uw�r Finan�ial 5er�ices Page 4 of�7 <br />