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2� 1 ��544 B�RRQWER C�VENANTS that Borrower is Iawfu�ly seised of the estate hereby con�eyed and has th.e right to ant and con.ve the Property and that the Prvperty is unencumbered, except for encumbrances af r�ord. � y Borrow�r warrants and will d�fend generally the�itle to the Properiy against all claims and demands, subject to any encumbrances�f record. THIS SECURITY INS'TRUMENT com�ines uniform c�venants for national use and n�n-uniform covenants wit�i limited variatians by jurisdictian to cvnstitute a uniform security instrument covering real praperty, L!n if o rm Co��n a nts. Borrower and Lender coven.ant and agree as foll�ws: �I. Pa ment of Principal, Interest, Escrow I#�ms, Prepayment Charges, and Late Charges. Borrower Y shal� a when due the principa�of, arid interest�n, the debt evideneed by the Note aud any prepayment PY char es and late charges due under the Note. Borrower shal�also pay funds for Escrow Items pursu.ant to � Section 3. Payments due under the Note and this Security Inst�ment shall be made in U.S. currency. However if an ch�k or vther instrument received by Lender as payrnent under the Nate or this Security s y +. Instrument is returned t�Lender unpaid, Le�der may require that any or�1 subsequent payments due under the Nate and this Securi Instrument be made in one or more of t�ie following farms, as selected by Lender: � a cash- mane order; (c}cer�ified�heck, bank check, treasurer's check or cashier's check, provided any � � _ �� Y such�heck is drawn upan an institutivn whose depos�ts are insur�d by a federal agency, instrumental�ty, or entity; ar(d}E1e�tronic Fux�ds Transfer. pa ents are deemed received by Lender when re�ce�ved at the lacation designated in the Note or at su�h � other�ocation as may be designated by Lender in accord.ance�ith the not�ce provisions in Section 15. Lender m.a return.any pay�ment��par��a�payment if the payment vr partial payrnents are insufficient to y brin the Laan.curr�nnt. Lez�.der may acce�pt any payment or partial payment insu�cient to bring the Loan � curre�nt without waiver af any rights hereunder ar prejudice to its rights tv refuse such payme�nt or partial � a ents i.n.the future, but Lender is not ob�igatec�to apply such payments at the time such payments are P Y� acc ted. If each Periodic Payment is applied as of its scheduled due date, then L�nde�'need not pay intere�t � on una lied funds. Lender may hold such una�lied funds unti�BorroweT makes paymen�ta bring the PP L� an current. If Borrower does not do so within a re�sonable periad�f time, L�nder shall e}ther apply such funds or return t�em to Borrower• If not appl�ed ear�ier, such funds will be applied to the outstanding ' i a1 balance under the Nvte immediately priar to�orecl�sure. No offset ar claim which Barrower might p��p have now or in the future against Lender sh.al�relieve Borrower from malcing payment�s.due under the Note and this Securi Inst�rument or performing the�aven,ants and agreements secured by thls Security ty rum Instrument. �. A IiGativn of Payments vr Prviceeds. Except as o�erv�ise described in this Section 2, all payments pP ac� ted and a lied b Lender shall be a�p�ied in the fallo�ring order af priority: �a)interest due under the �p � Y te� rin�i al due under the Note; (c}axnaunts due under Section 3. Such gaym�nts sha11 be app�ied to (b�P P �° ' . . • • • A� remainin am�unts shall be applied first to each Pez-r�dic Payment in the order 1n w�.ch�t b�came due. y g late char es second to any other amounts due t�uder th�s Security Instrument, arid then tn reduce the � a principal balance of the Note. f Lender receives a a ent from Borrower�or a delinquent Periodic Payment whi�h in�ludes a sufF'icient I P Ym amount ta a an. late charge due, the payment m,ay he applied to the delinquent payment and the late PY Y c h a r e. I f m o r e t h a n a n e P e r i a d i c P a y rn e n t i s o utstandin g, Len der ma y a p p l y any paY��►t receiv e d f r o m � rrower to the r a ent of the Perivdic Payments if, and ta the extent tha.t, each payment can be paid in � � Y� fuli. Ta the extent that any excess exists after the payment i�applied to the full payment of ane or more Peri�dic Pa ents such excess may be a�liec�tcs any la�charges due. Valuntary prepayments shall be Y� � applied f�rst to any prepayment charges and t�ien a�s described�n t�he Note. ��oa3ssas� D V6NE NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRJNdE�J'i ', Form 3�28 1101 VMPfi�NE}�13Q�} V M P� ' Page 4 of 1� W alters Ktuw er Financial Services , � �