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2� 1 ��58�8 <br /> B�RR��V'ER ��VENANTS tha� Borrower is lawfu��y se�s�d of th�es�ate hereby��n�eyed and has the righ� ta <br /> grant and can�ey �he Property and �hat th�Propert� �s u�.encum�er��., except for encumbrances of record, <br /> �orrower warran�s and w�ll d�fend generally the�it���o �h�Pr�per�y aga�nst a�l claims and demands, subject to <br /> any�ncumbrances nf re�ord. <br /> TH�S SE�UR�TY YNSTRUMENT�ambin�s un�farm c�venants for national use and n�n�uniform cav�nants wi�h <br /> limi.ted variat�ons by jurisdict��n to�ans�itute a uniform secur��y instrum�nt cnvering rea�proper�y. <br /> Unif�rm �orrenants. B�rrawer and Lender ca�enarit a.nd agree as fa��ows: <br /> '1. Payment of Principal, Interest, Escrow �tems, Prepayment Charges, and Late Gharges. Borr�u�er <br /> shall pay�vhen due th�principa� �f, a��.interest on, �he debt ev�den�ed by the I�o�e and any prepayment <br /> charge� and �ate charges due under�he Note. B�rro�v�r sha�� a�so�ay funds f�r Escr�w �tems pursuant�o <br /> S�c�ion 3. Payments due under the Nnte and this Security �nstrume�at sha��b�made in U.S. curr�ncy. <br /> Howe�er, if any check�r o�her instrument re�eiW�d by Lend�r as payment under�he Note�r this Se�ur�ty <br /> �ns�rument �s returned�a L�nder unpaid, Lender may require that a�y ar a�l �ubsequent payments du�u�der <br /> th�Not�an�i�h�s Securi�y Ins�rument be made in one or more of the follflv�ing form�, as selected by Lender: <br /> �a}cash; �b} money order; �c}cert�fied ch��k, bank che�k, tr�asur�r's check or cashier's check, pro�ided any <br /> such che�k is drawn up�n an institutian whase dep�s�ts ar�insured by a federal agenc�, instrumentalit�, �r <br /> entity; �r�d} Electronic runds Transfer. <br /> Payments are deemed recei�ed by Lender when rece��ed at�he�oca�ion deszgnated in the N�te ar at suCh <br /> ��her�acat�on as may be designated by. Lender in accor�ance vw�th the not�c�prov�sions in Section 1 S. <br /> Lender may return any payment ar partial payrnent if the pa�ment or partial payments are insuff�cient to <br /> brxng�he Laan curr�nt. Lender ma� accept ax�y paym�nt or par�ial payment insuf�ci�nt��br�ng �h� Loan <br /> current, w�thout wai�er of any rights hereunder or prejudic�to i�s righ�s�o refuse such payment or partial <br /> payments in the future, hut Lend�r is not obligated to app�y such payments a�the time su�h paym�nts are <br /> acc�pt�d. �f eaeh P�riodic Paymen� is appl�ed as of its scheduled due date, �hen Lender need nat pay �n��r�s� <br /> an unapplied funds. Lender m.a�r h��d such unappli�d funds until Barrawer makes payments to bring the <br /> Loan curren�. If Borrower does not�io so within a reasonable period af tim�, Lender shall �ither appiy such <br /> funds or r��urn them to Borrow�r. If no� app��ed ear�ier, such funds wil�be appl�ed to the ou�standing <br /> principal ba�ance under the No�e imm�diatei�r prior to f�rec�asure. N�offset or claim wh�ch Barrav�er might <br /> have now or in the future against L�nder shall re��e�e Barrower from making payments due under the No�e <br /> and this�ecuri�y �nstrument or performi.ng th�cnvenants and agreem.ents secured by th�s Security <br /> �ns�rument. <br /> �. App�ication of Payments or Proceeds. Excep�as other�ise described in this Section 2, al�payments <br /> accept�d and applied by Lend�r shall�e app�ied �n��.e fo��ow�ng�rder of priorz�y: �a} in��rest due under�he <br /> Note; �b}pr�ncipa� due under�he Note; ��} amaur�ts due und�r Se�tzon 3. Su�h payments sha�l be app��ed �fl <br /> each P�ri�dic Payment in the arder in wh��h it becaxn�due. Any remain�ng amounts sha�� be app�ied fzrst to <br /> �a�e charg�s, s�c�nd to any other amaunts due under thi� Security Ins�rument, and�hen to reduce�he <br /> pr�ncipa� balance of the Note. <br /> ��Lender recei�es a paymen�frnm Borrower��r a de�inquen� Periodic Payment which includes a sufficient <br /> amount�o pay any late charge du�, th�paym.ent may be app�ied�o the de�inquen�paymen�and the�ate <br /> charge. �f mflre�han ane Peri�dic Pa�m�nt zs outs�and�ng, Lender may apply any paym�nt receiv�d fr�m <br /> Borrovver�o the repayment of�he Period�c Paymen�� �f, and�o the ex�ent�hat, ea�h paymen�can be paid in <br /> fu��. To the extent�ha� any excess ex�sts after th�paym�n� �s app�ied to�he fu�� pa�ment of one nr mor� <br /> Per�odic Payments, such excess may be app��ed t� any�a�e charges due. Vo�un�ary prepaym�nts shall be <br /> appli�d�rs��o any prepaym�nt charges and then as described in�he Note. <br /> NEBRASKA-Single Family-�annie MaelFreddie Mac fJN#FaRM INSTRUMENT Farm 3D�8 11�� <br /> VMP[�a VMPfi{NEy{�302J <br /> Wol�ers Kluwer Financial Services Page 4 of 17 <br />