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��1 5��8� B�RR��ER�C�VENANTS that Bor�owe�r�s�awfu��y se�sed of the es�ate hereby conveyed and has�he right to gran�and cfln�ey the Pr�p�rty and �hat the P�oper�y�s unencumbered, �xcept f�r encumbrances of record. Borrower warrants and vvill d�fend general�y the��t�e to �he Proper�y against a�I cl�ims and dem�nds, subject t� any encum�rances�f re�o�d. THIS SECURITY I�ISTRUMENT combines uniform c�venants for nat�nna�use and n�n�uniforrn co�e�ant�w��h �imited var�at�ons by�urisdiction to constitute a u��form security ins�rument cav�r�ng rea�prop�rty. Uniforrn Ca�enants. Borrawer and Lender covenant and agre�as fall�ws: '1. Payrnen� of Pr�ncipal. lnterest, Esc�ow �tems, P�epayment Charges, and La�e Charges. Borrower sha�l pay when�iue th�pr�n�ipal af, and int�rest an, the debt��v�d�n�ed by the N�te and any prepaymen� charges and late charges due under�he��te. Barrov�er sha�I also pa�funds far Escrow �tems pursuant to Sec�ion 3. Payments due unde�the Note and th��ecur�ty�nstrurnent shall be tnade in U.�. currency. H�wever, �f any che�k or other instrumen�recei�ed�y Lender as payment under�he Not��r�his Secu�ri�� �nstrum�nt�s returned ta Lender unpaid, Lender rr�ay require that any ar al� subsequent payments due under the Note and�his Se�urity�nstrurnent be made in on�or rnare af the fo�i�wing forn�, as se�ected by Lender: �a}cashy �b�money o�der; �c}certified check, bank check, �reasurer's check�r cashier's check, pravided any such Gheck�s drawn upon an ins�i�u�ion whose deposi�s are insurer�by a federa� agenc�, �ns�rumenta�ity, or en�ity; or�d} E��ctran��Funds Transfer. Paymen�s a��de�rned rec�ived by Lender�hen rec��v�d at�he location des�gna�ed in�he No�e ar at �uch o�her l�cation as ma�be deszgnated by L�nder in accordance�ith th�no�ic�pr��isians in Sec�ian �5. Lender ma�return any paym�n�or par��a�payment if the payment or par�ial pa�ments are insufficient to br�ng th�L�an curren�. Lender may accept any payment or par��a�payment znsufficient�o bring the Laan current, v��hout wa�ver of an�rights hereunder or pre�udice to its rights to refuse such pa�m�nt or par��a� payments in�he future, �ut Lender��no�ob��gat�d�a apply such payments at the time such payrnen�s ar� accepted. If�ach Periodic Payment is applied as of its schedul�d due date, then L�nder n��d nat pa�inte�e�t on unapplied funds. Lender ma�hold�uch unappl�ed�unds unt��Borrovver makes paymen�s to bring the L�an Current. If B�rrower dfles n�t d� so within a reasonable periad af time, L�nder shall either apply such funds or retu�n�hem to Borr�wer. If not applied eariier, such funds will be app�i�d to th�auts�anding principa�ba�anc�unde��he Note�mmediateXy pr��r ta foreclosure. Na Off�et or claim which Borrower migh� have n�w or in th�future against Lende�shal�rel�eve Borr�v�er from makin�pa�rnents due und�r the N�te artti this Securzt��ns�rument or performing the c�venants and agreements secured by this Security �nstrument, �. Appli�a�ti�n of Payments or Praceeds. Ex��pt as atherwise des�ribed in this Scction 2, a��payments accepted and app�ied by Lende�shal�be appl ied in the fo�low ing order of priori��; �a}interest due under the �ta��; �b�princzpal due und�r the I�tote; �c}amoun�s due under Section 3, Such payments sha��e applied tn each Periodic Payment in the��der in wh�ch�t became due. Any r�maining amaunts shall be app�ied�rs�to late charges, secand to any��her amaunts due und�r thx�Se�urity Instrument, and then ta reduce the prin�ipai balance af the Note. �f L�nder rece��s a paymen�from Barrow�r for a�el inquen�Per�odic Payrnent which�ncludes a sufficient amount t�pay any�a��charge du�, �he paym�n�may be app�ied to th�delinquen�paym�n�and the�at� charge. �f m�r�than one Per�odic Payment is outstand�ng, Lender may apply an�paym�nt re�eived from Borrower to the repaymen�af the Periadic Paymen�� if, and to�h�e�.ten�tha�, each payrnent�an b�paid zn fu��. T�th�ext�n�that any e��es� exis�s after the pa�rn�nt is applied t�the fu��pa�znen��f one ar mare Pe�r�odic Payments, such excess rnay b�appli�d to any�ate charges due. Vo�untary prepaynnents sha�I be app�ied fi�st�o any prepaym�nt�harges and then as described i�the Note. NEBRASKA-Singie Family-Fannie MaelFreddi�Mac UNIF�RM INSTRUMENT Fnrm 3�28'�101 VMP� VNlf�S[N�I{�3��1 W�lters K�uwer Financia!Ser►►ic�s Page 4 of 17