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2� 1 ��5�31 rF. BDRRD�ER C�VENANTS ��at Borraw�r �s �awfully seised af�h�es�a�e hereby canveyed and has the r�ght�a grant and convey th� Property and that the Property is unencurnbered, except far encumbrances of record. Borr�wer warran�s and w�ll d�fend genera�i� the tit�e ta the Proper�y aga�nst al� claims and demands, sub�ect t� any encumbrances of record. , T��S SECUR�TY"�NSTRU��NT combines uniform�nvenan�s for nat�ona� use and non-unifarm cnv�nants with �� r - �imited var�ations b�jur�sd�cti�n to cons�itute a uniform secur�ty instrumen�c�v�r�ng real pr�per�y. ' ;� Unifarm Cvrrenants. Borrow�r and Lender covenant and agre�as f�i�o�vs: / 1. Pay�ent vf Principa�� IC1tP1"P.S�, Escr�w Items, Prepayment G�arges, and Late �harges. Borrow�r shall pay when due the prin�ipai of, and interest on, t��d�bt evidenced by the No�e and any pr�paym�nt charges and�ate char�es due under�he Nate. Borrativ�r shal� also pay funds for Escraw Items pursuant to Sect�on 3. Payments due under�h�Na�e and this S��urity Instrument shal�be made in U.S. currency. H�we�er, zf a�y check or o�h�r instrumen�received by Lender as payment und�r the Note or this Se�urity �nstrument is returned t� Lender unpaid, Lender may requ�re that any or aI� subsequent paymen�s du�under th�Note and th�s SeGurity �nstrument be made�n on�or�aore of the fo�ia�v�ng �arms, as seie�t�d by Lender: �a} cash; �b}mon�y order; ��} �ert�f�ed check, bank check, treasurer's check or cashi�r's che�k, provided any su�h check�s drawn upan an xns�itut��n whose dep�sits ar�insured by a f�deral agency, instrumentality, or �nt�ty; or�d� E�ectranzc Funds Transfer. Payments ar�de�med rec�ived by Lender when rece�ved at�he�ocat�on designa�ed in the Note or a�such oth�r�ocati�n as may be designated by Lender�n accardance��th �he no�ice provisions zn Sec��on �5. L�nder may r�turn any paymen�or partial pa�rn�nt if the payme�.t or part�a� payments ar� insuf�cient to bring th�Loan�urr�nt. Lender may ac:cep� an�pay�ment or partial payment �nsuf�cient��br�ng t�e Loan current, without��aiv�r of any r�ghts hereunder or pre�udice�n �ts rights to refus�such payment or partia� payments �n the fu�ure, �u� Lender��not obligated to app�y such payments at �he tim�such payments are acc�pt�d. �f each Peri�dic Payxn�nt is app��d as of�ts schedu��d du�date, then Lender need not pay interest on unapp�i�d funds. Lender may hold such unappl�ed funds un��l Borrflwer makes paymen�s �o bring the Loan curren�. �f Borrawer d�es not do so with�n a r�asonab�e period af��me, Lender sha�l either appiy su�h funds ar return them ta Barrawer. �f no� app�i�d�arlier, such funds vvill be appl�ed�o�he autstanding principal ba�ance under the Not� �mmediately pr�or to f�reciasure. No affse�or��aim vvhi�:h B�rr�v�er migh� ha�e no�y or in�he future agains�Lender shall relieve Borrower from makrng payments due under the �ate and th�s S�cur��y �nstrumen�ar performing �he co�enants and agreemen�s s�cured by this Secur�ty Ins�rument. �. Applieat�on af Payments ar Proceeds. Except as atherwis�d�scr�bed in this Se�t�on�, ail payments accepted and appii�d by Lender shall be app�ied in the fa�iowing ard�r�f priority: �a} int�r��t due und�r the Na�e; ��}princ�pa� due under the Note; �c} amoun�s due under Sec��on 3. Such payments shall be appli�d�o �ach Periodic Payment in the order in which it be�;ame due. Any remaining amounts shall be applied first ta late charbes, second�o any other am�unts due under this Security �nstrument, and then to reduce�h� prin�ipal balance of�h� Note. �f Lender receives a payment from Borrower far a d��inqu�nt Periodic Pa�men�which includes a suff�c��n� amoun� �o pay any Iate charge due, �he payment may be appli�d ta the de�inqu�nt payment and the�ate charge. �f more than one Per�od�c Payment�s outstanding, Lender may apply ar�y payment received fram Borrower t� th�repayment of th� Per�od�c Payments if, and�Q the extent tha�, ea�h paymen�can be pa�d �n fu�l. To�he�xten�that any excess ex�sts af�er the paymen� is app��ed to�he ful�paymen�of one or m�ore P�r�odic Payments, such e�cess may be applied ta any Iate charges due. Vo�untary prepayments sha�i be appiied f�rst�o any prepayment�harges and then as described in the N�te. NEgRASKA-5ingfe Family-�annie MaelFrec�die Mac UNIF�RM INSTRUMENT �arm 3028 1Ia1 • VMP�] VMP6tNE1�1302y Walters Kluwer�inancial Ser�ices Page 4 nf 17