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2� 1 ��3972 B�RR.�WER C�VENANTS that Barraw�r is �awfully se�sed of the�s�ate hereby c�n�eyed and has the right t� grant and�onve� the Prap�r�y and tha�the Property �s unen�umber�d, excep�for encumbranc�s of record. Borrower warran�s and vvil� defend generally th��it�e t� �he Prnp��rty agains�a�l ciaims and d�mands, subj�ct�o any encum�rances �f record. TH�S SE�UR�TY �NSTR�MENT combines unzfarm c�venants for natz�nal us�and non-unifQnm co�enants wi�h ��mit�d�ar�a��ons by�urxsdic�ion to constitu�e a un�form security instrumen�covering rea�praper�y. Uniform Co��nants. Barrower and Lender cavenant and agr�e as fol�o�vs: "I. Paym�nt vf Principal. �nter�st, Escrvw ttems, Prepayment �harges, and Late Charges. Borrawer sha�I pay vvh�n due�he principal af, and in�erest an, the debt evidenced by�he�ate and any pr�paymen� charges and late charges due under the Not�. Borrower shai� alsa pay fund� far Escraw ��ems pursuant�o Section 3. Paymen�s due under the Note and thi� 5�curity�nstrument sha��be mad�in IJ.S. curre�c�. Hou�ever, if any check flr o�her instrument re�e�ved �� Lender as payment under�he Not�or this S�curi�y Ins�rument�s returned to Lender unpa�d, Lender may requzre that any or all sub�equen�paymen�s du�under �he Note and th�s Secu�r�ty �nstrument�e made in�ne or mare�f�he fo�Iavving farms, as sel�cted b� Lender: �a} cash; �b} money order; �c}cer�i�ed check, bar�k check, treasurer's check or cash��r's�heck, pravided a.ny such check is drawn up�n an ins�i�ution whose d�pnsits ar� insured�� a federal agen��r, �ns�rumentaii�y, or enti�y; or�d} Electranic Funds Transfer. Payments are deemed reGei�ed by Lender when recei�ed at th�locat�on designated in�h�Na�e or at such other l�cat�on as ma� be designated by Lender�n accordance with�he n�tice pr�v�si�n� in Sec��on �5. Lender may re�urn any pa�ment or par�ia�payment if the paym�nt or part�a�pa�m�nts ar� insuffic�ent to �ring the Laan�urrent. Lender may acc�pt any pay�nent flr par�ial payment insuff�c�ent t� bring the L�an current, wi�hou�vvaiver�f any rights hereunder or prejudzc��o its righ�s�a refus�such payment�r par�ial payments in�he fu�ure, �ut Lender�s nat ab�igat�d to apply such paymen�s a�th�time such payments are acc�p�ed. Yf each Peri�d�c Payment is appl�ed a��f�t� s�hedu��d due date, then Lend�r ne�d na�pay �nterest �n unapp�ied funds. Lend�r may ha�d such unapp��d fun�.s until Borrower makes paym�nts ta bring the Loan�urr�nt. Yf Borrawer does n��do sa�v�thin a reasanah�e per�o�i af��m.e, Lender shail either app�y such funds or r�turn them�o Bflrr�w�r. �f not applied ear�ier, such funds wi�� be appli�d to th�outstanding pr�n��pal balance under the Note�mmed�a�ely prinr tn farecl�sur�. No flffs�t or claim which Bnrrativer might have now �r in the future agaxnst Len�i�r sha�� relieve Borrawer from ma.�i�g payments du�under�he Note and this Security Instrument or performing�he covenan�s and agreements se�ured b� this Securit�r Ins�rument. �. Application of Payments vr Prviceeds. Except as otherwxs�describ�d in th�s S��ion�, a�l payments ac�ept�d and app�ied by Lender sha��be applied in the fallowing ��rder of prior�ty: �a} interes�due under the No��; ��}prin��pa� due under the Note; �c} amounts du�under Sect��n 3. Such pa�m�nts sha�l be applied�� each Per�odic Payment�n the order in wh�ch ��beca�ne due. Any re�na�n�ng amoun�s sha�� be app��ed�rs�to late�harges, s��ond�a any other am�unts due unde��h�s Securi�y Instrumen�, and then to reduc�th� principa�ba�ance of�he Note. If Lender receives a paymen� from�3orrower for a delinquen�P�riadic Payment which includes a sufficient am�unt to pay any �ate charge due, the payment may be app�ied tn the de�znquen�payment and�he�a�e charge. �f more than one Periadic Fayment is ou�standing, L�nd�r may app�y any payment recei�ed fram BorrQwer�o �he repaymen�of�he Per�odic Paymen�s if, and�o the ext�n�tha�, each paymen�can b�paid in full, To the extent that any excess exists af�er the pa�men��s a�pl ied�� the fu��payment of ane ar mare Per�od�c Payments, such excess may be apptied to an�late c�arges due. Vflluntary prepayments shai�be appl�ed firs��o any pr�payment charges and then as descr�bed in th�No�e. N�BRASKA-5ingte Family-Fannie MaelFreddie Mac UNI�ORM INSTRUMENT Form 3a�8 i 1�1 VMP Q VMP6�NEy�1302} Wolters Kluwer Financial Services Page 4 vf 17