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2� 1 ��3232 B�RRC�WER C�VENANTS tha�Borr�v�rer is lawful�y se�sed of the estate hereby conve�ed and has �he r�gh��o grant and can�e�r the Pr�per�y and that th�Pr�perty �s unencumbered, except far�ncumbrances of record. Borrovv�r vvarrants and will defend g�nera��y th�t�t�e to �h�Proper�y aga�nst a�� c�aims and demands, subjec��o any encumbrances of recard. TH�S �E�L�R�TY��tSTRUMENT combines uniform cavenants for nat��na�use and n�n-uniform�ovenants with �imi��d�ar�a�z�ns by j ur�s�ict�on�o c�nstitute a unifarm security instrument cflv�r�n�real property. Uniform �o�enants, Borrov�er and Lender c�venant and agree as fal�ovvs: '�. Payment �f Prin�i�a�. �nterest, Escrflw Items, Prepayment Ci�arg�s, and Late �harges. Borrou�er shaii pay wh�n due�h�principal af, and in�eres�an, the debt e�idenced by�he Note and an�prepayment charge� and�ate charg�s due und�r th�Note. B�rrower sha�� also pay funds f�r Escrovv ��ems pursuan�to S��t�on 3. P��rn.��.ts du��zd�z t�� a��and this Securi�y �ns�rument shali be made in U.S. curr�ncy. ��ve�ver, if any che�k�r other ins�rumen�rece�ved by Lender as pa�ment under the No�e or this Secur��r �ns�rument is return�d ta Lender unpaid, Lend�r ma�requ�re�ha� any or all subsequent pa�men�s due und�r the Nate and this Security �nstrum�nt�e rnade zn one or mare af the fo��owing forms, as se��cted by Lend�r: �a�cash; �b} mane�order; ��} cer��f�ed�heGk, bank check, treasurer's ch�ck or cash�er's check, provzded any such�h�ck�s drav�n upon an ins�itutx�n v�vh�se dep�sits ar� insured by a f�dera� agenc�r, znstrumentaii�y, �r entity; or�d} Electronic Funds Transf�r. Payments are de�m�ed r�ce�v�d by Lender�vhen received a�the�ocation designated�n the Note or at such other Iocation as may be des�gnat�d by L�nder xn ac�ordance w��h the not�ce pra�isions in Section �5. Lender may return any paymen�or par�ial pa�m.�nt zf the payment or par�ial paymen�s are �nsuf�cz�nt to br�ng �he Lnan current. Lender may a�cept any payrnent ar part�a�pa�rment insuff�c�ent ta br�ng the Loan current, wxthout waiver�f an�rights h�r�under or prejudi�e to z�s rights to r�fuse such paym�n�or par�ial payments zn�he future, but Lender is n��o��igated to apply such paym�n�s at the�ime such paymen�s are ac�epted. �f�ach Per��dic Payment is applied as of�t� s�hedu��d due date, then Lender ne��.not pa�r �n�eres� �n unapp��d fu�ads. L�nder may hold such unapp�ied funds unt�� B�rrow�r makes�aym�n�s t�br�ng the Laan current. If Borrow�r daes no�d� so within a reasanable p�riod�f t�m�, Lender sha�� either app�y such funds�r return th�m to Borrawer. �f no�applied earlier, such funds will be applied to the outs�anding principal balance und�r the N�te�mmed�a�e�y priar to f�reClosure. No�ffset�r c�aim which Borrower m�ght have navv ar in th�fu�ur�aga�nst Lender sha�l re��eve Borrawer from making paymen�s due under the Note and this�ecurity Instrument ar p�rforming the cov�nants and agr�emen�s secured b�th�s Secur�ty �ns�rum�nt. �. Ap��cation ❑f Payments �r Proceeds. Exc�pt as�therwise described in this �ection�, al�pa�ments acC�p�ed and app��ed b�r Lend�r sha��be applied in�he following order of priority: �a} in�erest due un�er the Note; �b�pr�ncipal due under�h�Note; �� amaunts due under Sectznn 3. Such paym�n�s shall be app��d to each Periodic Paymen�in�h�order i�which it became due. Any rema�ning am�unts sha��be app��ed f�rst to �ate char�es, sec�nd t� an�r a�her amounts due under�h�s Security �nstrumen�, and then to r�duc��h� pr�ncipa�ba�ance of the Not�. If Lender rec�i��s a�ayment fram Borrower for a d�linquent P�ri�dic Payment wh�ch�ncludes a sufficien� amaunt��pay any�ate charg�due, the pa�rment may be a�p�ied ta the de�inquen�payment and�he�ate charge, �f more than�n�Periodi� Paymen� is outs�anding, Lender ma� apply any paymen�rece��ed from Borr�wer to�he repaymen��f the Per�od�c Paymen�s if, and�o �he ex�ent tha�, each paymen�can be paid in ful1. To the exten��hat any�xcess�x�s�s after the paym�n� is applied t�the full payment�f ane�r mare Per�odic Pa�rments, su�h exc�ss ma�be appi�ed to any late charges due. Volun�ary pr�payments shali be applied �rst ta any pr�payment charg�s and�hen as desCr�bed in the Nat�. N�BRASKA-Single Family-Fannie MaelFreddie Mac�NIF�RM INSTRUM�NT Fvrm 3�28 110� VMP� VMP6{N��t130�� Walters Kluwer�inancial Ser�ices Page 4 of 17