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2� 15�7799 BQRR�'L�'ER C�V�NANTS ��a�Borrower is lawful�� se�sed of�he estate hereby conv�yed and has the r�gh�to grant and c�nvey �he Pr�pert� and that the Prap�rty �s unen�umbered, ex�ep�far encu�n.bran��s�f recard. Barr��ver warrants and vv�l� d�fend generally the tit�e to �h�Prop�rty against all claims and demands, subject to any encumbrances af rec�rd. T�iS SE�URITY INSTRUMENT combines un�form cavenants fflr national use an�nan�unifarm covenar��s �vith lim.zted variations by jur�sd�c��on�o constitute a uniform security ins�rument�ov�ring real prop�rty. Unifar�m Ca�enants. Borrower and L�nder Ga��nant and agree as �o��ows: 't. Payment �f Principal, �nterest, Escrov►► �tems, Pre�ayment Charg�s, and Lat� Charges. Barraw�r shal�pay when due�he prin�ipal of, and interest❑n, the debt e�id�nced by the N�te and any pr�pa�ment �harges and late charg�s due under the Nate. Borrower sha�1 als�pay funds for Escrflw Items pursuant t� Sec�ion 3. Payments due under the Nnte and�his S�curity �nstrument shall be mad�in U.S. currenc�. However, if any check ar ather ins�rumen�r�cei��d by L�nd�r as payment under�he Nate�r�his Security �nstrumen�zs returned to Lender unpaid, Lender may r�quire that any ar a�l su�sequent paymen�s due under the�Iote and�h�s Security �nstrum�nt be made in�ne or mor��f the fo��ow�ng forms, as se�ected by Lender: �a} �ash; �b}money ord�r; �c}certified check, bank check, treasurer's chec�or cashier's check, provided any �uGh che�k is drawn upon an�nstitut�on wh�se depasits are insured hy a federal agency, ins�rum��ntality, or ent�ty; nr�d} Ele�tr�nic Funds Transfer. Paym.ents are deemed rece��ed by Lender when receive�at the location des��nated �n the No�e or a�such �ther�ocat�on as may be designated by Lender�n accordance with the notice pro��s�ons �n Section 15. Len�er may re�urn any payment or partial payment if the payment or partia� payn�ents are�nsuf��czent to br�ng�he Loan curr�nt. Lender ma� ac�ept any pa�ment or part�a�payment insufficient to br�ng th�Loan curr�nt, v�ith�u�wai�er of any r�ghts hereunder or prejudice to �ts r�gh�s�o r�fus�such paymer�t or partia� paym.�nts xn�he futur�, but Lender�s na�ob�igat�d ta apply such paym.ents at the time such pa�men�s are accepted. �f�ach Peri�dic Pa�ment �s app��d as af its schedu�ed due date, �hen Lender n��d not pay inter�st on unapp�ied funds. L�nder ma� h�ld such unapp�ied funds until Borrawer makes paymen�s to t�r�ng the Loan current. �f Barrovsrer does nnt do so v��thzn a reasonab�e peri�d af time, Lender sha�l e�ther apply such funds�r return them to Borrower. �f not appli��l�ar��er, such funds wili�e appli�d to the outstanding pr�ncipal balanc�under the Not� zmmediately pr��t� forec�osure. No offset or cla�m�vhich Barravver might have now or in the future agains� L�nder shall r�lie�e Borrow�r from making payments due under the Note and th�s Security Instrumen�or performing the cavenan�s and agre��nents se�ured b� th�s Securi�y Instrumen�. �. App�icati�n vf Paym�nts v� Prviceeds. Excep� as atherwise descr�bed in�his Section�, a�l payments accepted and applied by Lender sha��be appli�d in th�fo��ow�ng order of pri�rit�: �a} interest due under the Note; ��}prin�ipal due under�he Na�e; ��} amounts du�u�der Sect�on 3. Such paymen�s sha�l be appl�ed to each Periodic Payment in the arder�n whzch z�b��ame due. Any rem.a�ning amounts sha�i be appli�d firs�to tate charges, second to any ather amaunts due under�his S��urity Instrumen�, and then to reduce the principal balance�f�he No�e. �f Lender receives a paym,en� fr�m Borrow�r for a de��nquent Perifldic Payment which include� a suf��ient amflunt to pay any late charge due, the payment rnay be appl�ed�o the del�nquen�payment and the late charge. �f more than�n� Periodic Paymen�zs outstandxng, L�nder may app�y any paymen�rece��ed fram B�rrow�r�o the repaymen�of�he Periodic Paym�en�s �f, and tn the extent that, each paymen�can�e pa�d in fuil, T� th�extent that any excess exis�s after the paymen� �s app�ied t� the fuil payment of one or mar� Periadic Paym.en�s, such excess may be appl�ed ta any la�e char�es due. Valun�ary pr�payments shall be app�xe� f�rst to any prepaym�nt charges and th�n as described in�he No�e. N�BRASKA-5ingle�amily-�annie Mael�reddie Mac UN1�C3FiM INSTRUM�NT Fvrm 3028 1141 VMP� VMF'6[N��t�302y W�fters Kluwer Financial Ser�ices Page 4❑f 17