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2� 1 ��5215 B�RR4WER C�V�NANTS that Borro�ver�s �awfu�iy seised of th�estate hereby con�ey�d and has �he right to grant and�onve� th�Prop�r�y and �hat the Pr�per�� s unencumb�red, ex�ept for encurnbrances af record. Borrotiver warrants and ti�� defend general�y the t��l�to �he Property aga�nst all cla�ms and demands, sub�ec�to any �ncumbranc�s of record. T�IS�E�UR�TY �NSTRUM�NT c�m�in�s un�f�rm covenan�s for na��ona�use and nan-unif�rn�co�enants with �imited�ariat�ans by jur�sdi��ian tn �onst��ute a uniforn�security instrument c�verin� rea�pr�per�y. Unifvrm �vrrenants. Barrow�r and Lender co�enant and agree as fol�aws: '1. Payment of P�incipa�, Interest, Escr�w Items, Prepayment �ha�ges, and Late �harges. Borrower sha�l pay when due the prin�ipal of, and interest on, the deb�evidenced by�he Note and an�prepa�rment charges and Iate charges due under the Note. Borrow�r sha�l also pay funds for Escrow ��ems pursuan� to Sec�i�n 3. Paymen�s due under�he Note and�h�s S�curkt� �nstrumen�shal�be made �n U.S. currency. Hov�rever, if any check or other ins�rumen�rece��d by Lender as paymen�und�r the Note or this 5ecurity �nstrument is returned ta L�nder unpaid, Lender may requ�re that any or a�i subse�uent payments�ue under the N�te an� this Se�ur�ty Instrument be made in ane�r more of the f�ilou�ing forms, as se�ected by Lender: (a} cash; �b}maney nrder; �c} certi�ied che�k, banl�check, �r�asurer's ch��k or cashier's check, pr�vided any such che�k xs drawn upon an�nst��u�ian whose depas��s are insured by a fe�eral agency, �nstrum�n�ality, or entz�y; �r�d} E�ectronzc Funds Transfer. Pa�m�nts are d�emed r��ei��d by Lender when recei�ed at the tocat�o�a des�gnated in th�Nate ar at such other�ocation as may be designated by L�nd�r in ac��rdance with the notice pravisions in Sectian �5. L�nder ma� r�turn any payment or par�iai payment if�he payment or partial pa�rn�nts ar�insuffi��ent�fl bring the L�an current, Lender ma� acc�p�any paymen�or part�a� payment insuf�i�ien��brin��he Loan �urren�, w�thout waiv�r�f any r�ghts her�under or prejud��e�a �ts ri�hts �o r�fuse su�h paymen�or par�ia� payments �n th�futur�, but Lender�s n�t ab��at�d to app�y such payments at th��ime such pa�ments are acG�pteci. �f each Perifldic Pa�men�is app�ied as �f its s�h�dul�d due�at�, then Lender ne�d not pay �nterest on unappl�ed fund�. Lender may hold �uch unapp�i�d funds unt�l Borr�wer�make�paymen�s to bring the Loan current. If B�rrower does not do so v�ithin a reasonabie periad of t�me, L�nder shall either app�y such funds ar return them�o Borrawer. If na� appiied earl�er, su�h funds wili be appiied to the outstandinb principal ba�anc�under the I�o�e immediate�y prior to foreclasure. No offset ar claim which Borrawer mi�ht have now ar in�he fu�ure abains�L�nder shall re�ieve Borrower fram making pa�ments due under�h� Nate and t��s Se�urity �nstrum.en�ar performing�he c�venants and agreements secured�y th�s��curity �nstrumen�. �. App�icatian vf Payments vr Pr�ceeds. Excep� as other-�vise described in thi� Sectian Z, all paymen�s acc�p�ed and applied by Lender sha�� be applied in the foll�v�ing order af priar�ty: �a} int�r�st�u�under�h� Note; �b} principal due under the Na�e; ��:} amounts due under SeLtion 3. Such payments sha�� be�pp��ed t� �ach Periodic Payment in the order�n�vhi�h it�ecam�due. Any remaining amoun�s sha��be app��ed f�rst to late charges, second�o any other amounts due under�his Secur��y �nstrumen�, and then�a reduce th� pr�nc�pal balance of th�Not�. If Lender receiWes a paym�nt fram Barrower for a de�inquent Periodic Payment Which inc�udes a suf�ci�nt am�unt to pay an� late charge due, the paymen� may�e applied ta the d��inquen�payment and�he�a�e char�e. �f more than one P�riod�c Pa�ment is outstand�n�, Lender may apply any payment recei��d from Barrower�❑the repayment af the Per�o��c Payments if, and to the extent that, each paym.ent can be paid in fu��. T� the exten�that any excess exzsts af�er�he pa��ment is applied to the ful�pa�ment af�n�or more Per�odic Payments, such exc��may be app�ied t� any Iat�charg�s due. Vo�untar�prepayments sha��be appiied f�rs� to any pr�payment charges and then as descr�bed in the Nate, NEBRASKA-5ingle Famity-�annie Mael�reddie Mac UNIFORM fNSTRUMENT Form 3�28 11D1 VMP[s� VMPfitNE}t1302y Walters Klt�wer Financiat 5er�ices Page 4 af 17