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2� 1 ��2539 <br /> B�RR.�VIIER C�VENANTS �hat Borrow�r is �awfully s��sed of�he esta��heret�y canveyed and has the r�ght�a <br /> gra.�.t and con�vey the Pr�per�y and tha�the Prop�r�y is unencumbered, �x��pt f�r�ncumbrances af record. <br /> Borro�er warrant� and�vill defend generally �h��itle to�he Prnper�y agazns�a�l Claims and demands, sub�ect�o <br /> any en�umbranc�s of record. <br /> TH�S�ECURITY �N�TRUMENT cam.b�nes uniform covenant� f�r�a��onal use and nan�unxf�rm�o�enants���h <br /> limited�rarzatians by jurisdiction tfl const��u�e a unifarm secur�t� instrumen�c�vering real prap�rty. <br /> Unifvrm Cavenants. Bor�ou�er and L�nd�r co�renant a�d agree as fo�lows: <br /> '1. Paym�nt �f PrinGipa�. �nterest. Escrow Items, Prepayment Charges, and Late Cha��es. Barrawer <br /> shall pay vvhen due the princ�pa� of, and �ntere�t o�, the deb�ev�d�r�ced by the Note and any prepaynlen� <br /> charges and�a�e char�es due under�he Note. Borrawer sha�� also pay funds for EsCrou�Itenr�s pursuan�ta <br /> Secti�n 3. Payment� due under the Note a�d th�s Security �ns�rumen�sha�l be made in U.S. currency. <br /> H�wever, if an�r ch�ck or��her instrum�nt rece�ved b� Lender as payment under�he Note�r�hi� 5ecuri�y <br /> �nstrument is return��to Lender unpa�d, L�nder may require th.a�any�r all subsequent paymen�s due under <br /> �he Note and�h�s �ecur�ty �ns�rument be made in one�r mare af the f�I�ow�n� farms, as selected by Lender: <br /> �a� cash; �b}mon�y order; ��} cer�if�ed check, bank�h��k, treasurer's check or�ashi�r's check, prowided an� <br /> such ch�ck is drawn upon an insti�ution�vhose d�pos��s are insured by a f�deral agenc�r, �nstrumentality, or <br /> �ntity; or�d} Electrnnic Funds Transfer. <br /> Pa�ments ar�de�med received by Lend�r when rec�i�ed a��he lacation des�gnat�d in th�N��e ar at such <br /> o�her locatz�n as may be designa�ed b�r L�nder in accordanc�w�th th�natic�pro�zs��ns in Sec�ian �5. <br /> Ler�der may re�urn any payment or partial payment if the payment�r partial payments are insuffi�ien�ta <br /> bring the L�an current. Lender may accept any paymen��r par��a�pa�ment�nsuffic�en��o bring�he Loan <br /> current, with�ut wai�er af any righ�s hereun�.�r ar prejudic�ta its rights�o refuse such payment�r partial <br /> pa�men�s in the future, but Lender is nat�b��ga��d to apply such pa�ments at th��ime su�h payments ar� <br /> a�c�pted. �f each Perzodi� Payment is appl�ed as af��s sch�du�ed due date, then L�r�der n�ed na�pay �nterest <br /> �n unapp��ed funds. Lender may h�ld such unapp�ied funds un��� Borrower ma.��s paymerzts ta bring �h� <br /> Loan curr�nt. �f Barrow�r do�s nat do s�within a reas��aab�e perxod af�ime, Lender shall eith�r apply such <br /> fund�or r�turn them ta Barrow�r. �f no� applied ear���r, such funds wi���e app�ied t� th�ou�stan�.�ng <br /> princ�pa�bala.�ace under�he�nt�immed�ately prior ta fore���sure. Nfl affset or c�a�m wh��h B�rrQwer might <br /> have now or in the future agains�L�nder sha�l relie�e Barrower frflm mak�ng payments due under th�N��� <br /> and this Secur��� Instrumen�ar performing�he c���nan�s and agreements secured�y this Securi�y <br /> Instrumen�. <br /> �. App[ication of Payments vr Pra�eed$. Except as a�herwise described in th�s �ection 2, all paymen�s <br /> accep��d and app��ed by Lender shal�be applied in the f����wing order of prior�ty: �a��n�erest du�und�r�he <br /> Nate; �b}prin�ipa� due under the Not�; �c} amounts due under S�cti�n 3. Such paym�n�s�ha�� be applzed�� <br /> each Per�ad��Payment in�he ord�r�r�wh�ch��b�ca�me due. Any r�ma�n�ng amounts shal�b�app�z�d f�rst�� <br /> �ate charges, second to any ather am�un�s due unde��h�s Securzty Instrumen�, and�hen to reduc�the <br /> pr�ncipal ba�ance�f th�N��e. <br /> If L�nd�r rece�ves a payment fram Borrower far a�e�in�uen�Periodic Payment wh�ch inclu��s a suf�c�ent <br /> amaun�t�pay any �ate charge du�, the payment ma�b�app�ied�o the delinquent paym�nt ar�d the lat� <br /> charge. If am�re than one Period�c Paym�r�t is�utstanding, Lender may app�y any pa�rmen�received fr�m <br /> Borrov��r ta�he repayment of the Periodic Payrnen�s if, and to the extent that, each paymen�can be paid i�z <br /> full. To the extent�hat any exc�ss exists after the payment is app���d to �he fu��paym�nt of one or rnore <br /> Periodi� Pa�ments, such excess m.ay be applied t� any �ate charges due. 'Valuntary pr�payments sha��be <br /> app�ied first to any pr�payment charges and then as ��scribed�n th�Nate. <br /> NEBRASKA-Singl�Famiiy-�annie Mael�reddi�Mac UNIFORM iNSTRUMENT �orm 3028 1101 <br /> VMP Q VMPfi4N�y�7302� <br /> Watters Kluwer Financial Services Page 4 of i 7 <br />