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2� 1 �� 1715 B�RRC]�ER C�VENANTS �ha�Barrower zs �awfu��y seised of�he estate hereby c�n�veyed and has the r�ght to gran� and can�ey the Prop�r�y and tha�the Proper�y zs unencumb�red, excep�far�ncurr�brances of re�ard. B�rrower warran�s an�will def�nd generaiZy�h�tzt�e to the Proper�y agains�a�.l claims and demands, subject�o any encumbrances of re�ord. TH�S S�CUR�TY�N�TRUMENT cQ�zab�ne�un�f�rm co�enants for natinnal use and non-uniform�o�renan�s wi�h ��m��ed varia�i�ns�y jurisd�c�ion to cans�itute a un�form s�cur��y xnstrumen�caver�ng r�a�prvp�rty. Uniform Co��nants. Borro�ver and Lender covenan�and agree as fo�lows: '!. Payment vf Pr�ncipa�. �nterest, Escr�w �tems, Prepayment Charg�s, and Late Char�es. Barrawer sha�l pay when�ue the pr�ncipal �f, ar�d interest�n, �he debt evidenced by�he�Iote and any prepayment charges a.nd lat��harges due un�er the IVote. Borro�ver shall also pay funds for�scravv ��ems pursuant�� Sec��on 3. Paym�nts due under the No�e and this Security Instrumen�sha�l be made in CJ.S. �urrency. Hawever, �f any check ar fl�her ins�rumen�rece��ed by Lender as payment und�r the Nate ar this Se�ur�t� �nstrument zs re�urned t� L�nd�r unpaxd, Lender may require that any�r all subsequen�payments due under th�I�ote and th�s Se�uri�y Instrument�e made �n one or more�f the fo�l��vin� forms, as selec�ed by L�nder: �a}�ash; �b} money arder; �c} certzfied check, bank check, treasurer's check or cash�er's check, pra�ided any suGh check is drawn up�n an institu�ian wh�se d�pos�ts are�nsured b�r a federa� agenc�, xns�rumen�ality, or en�ity; ar�d} E�e��ron�G Funds Transf�r, Payments are de�rned r�cex�ved by Lender v�rhen recei�ed at�he loca�ion d�signa�ed in the Note or a�such other lo�a��an as may be des�gna�ed b� Lender�n accordance vvi�h the n�tice provi�ians in 5ection 15. I�ender ma�r r�turn ar�y payment or par�xal payment if the paymen�or par��al payrnent�are insuf�cient to bring�he Loan curr�nt. Lender xnay accept any paymen��r partiai paymen� insuf�cient�o br�ng the Loan current, �vithout v�a�v�r af any righ�s her�under�r pre�u�i�ce�o��s r�gh�s to refuse such payment or par�iai payments in the future, bu�Lender is not obiigated�o app�y such payments at the t��ne such paymen�s are a��epted. �f each Period�c Paymen��s applied as �f its scheduled du�date, then L�nder ne�d not pay�nter�st on unapp��ed funds. Lender n�ay h��d such unapp�ied funds un�i� Borr��ver makes payrnents t�bririg the Loan current. �f Borrower doe�nat da so wi��in a reasonab�e perx�d�f��me, Lend�r sha�� e�ther app�y such funds�r return them�o Borrow�r. If not applied earlier, �uch funds urill be appl�ed t��he�utstanding pr�nc�pa�balar�ce und�r the Note immedia�ely prior to forec�osure. N'�offset or cla�rr�which Borro�er m��h� have now or ir�the future against Lender sha�� relieve B�rrower fr�m making paymen�s due under the Note and this Secur�ty Instrument or perf�rm�.ng the�nvenan�s and agreements secured by this Securi�� Instrument. 2. App��cat�vn af Payments o� Pr�ceeds. E�cep�as o�herw�se des�ribed in this Sectifln 2, aI�payments a�cept�d and applied by Lender shai�be app�i�d in the fo��a�ing order af priority: �a} interest due under�he N�te; �b}prxnc�pal due under�he Na�e; �c}amounts due und�r Secti�n 3. Such payments sha��be app��ed to �ach Periodi�Payment�n�he order�n whxch it became due. Any remaining amounts sha�l�e applied��rs�to late charges, seCond to a.r�y other amaunts due und��r this Securi�y Ins�rument, and then t�reduCe the principal balance�f the Note. If Lender r�C�i��s a payment fr�m Bnrrow�r for a delinquent Peri�d.ic Paymen�wh�ch inc�udes a suff�cient amaunt�o pa� ar�y lat�charge due, the pa�ment may be app��d to the delinquent paym�nt and�he�ate charge. �f more than ane Per�odic Paymen�is outstanding, Lender may app�y any payment recei�ed from Borrower�o�he r�payment�f the Periodic Payments if, and to the e�tent tha�, each paymen�can be paid in fu��. To th�ex�er��tha�any excess exists after the paymen�is applied��he full paymen�of ane or mare Per��d�� Payments, such excess may be applied to an��ate charges due. Valuntary pr�payments sha11 be app��ed f�rst to aa�y prepayment charges and�hen as described in�he Nate. NEBRASKA-5ingle�amily-Fannie MaelFreddie Ma�LJNI�ORM IN5TRLIMENT Farm 30�8 11Q� VMP� VMP54N�f�13��} Wo�ters Kluwer�inancial 5er�ices Page 4 of 17