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, 2� 1 �� 15 B�RR�'�VER��VENANTS tha� Borraw�r is �a�vfu��y se�sed�f th�es�ate hereby con��y�d and ha� the right�a brant and�anvey �h� Propert� and �hat the Proper�y is unencumb�red, excep� for�n�umbrances af re�ord. Borrawer warrants and will defend genera��y the�i��e to the Prflperty against aI� claims and demands, sub�ect to ar�y encumbrances af re€;ard. � THIS SECURITY �NSTRUMEN'T cambines unifarm cavenants far na��onal use and nan-un�farm c��enan�s with Iim�t�d variations�y�ur�sdict�on to const�tute a unifflrm s��uri�y instrumen�co�ering rea� praperty. Uniform �ovenants. Borrower and Lender covena�at and agree as fo�lov�rs: '[. Payment of Principa�, �nterest, EsGrov►r Items, Prepayment �harges, and Lat� Cnarges. Borrower � s�ai� pay �vhen due th�princ�pai of, and in�erest on, the deb��videnced�y th�N�te and any prepaymen� charg�s and�ate charges due under the N�te. Borrouler sha�l a�so pay funds for Escr�w �t�ms pursuant �o Section�3. Payments due und�r the N��and this S�curity �nstru�m.en�shall be made in U.S. currency. Hnwever, �f any check or other�nstrum�n�re��ived by Lender as paym�ent under�he Note ar this Security Ins�rumen� is re�urned to Lender unpa�d, Lender n�ay require that any or aii subsequ�nt paym�nts due under � �he Note and thi� 5ecurit� Instrument be made�n ane or mor�of the following f�rms, as ��ect�d by Lender: �a}cash; �b} mon�y order; �c} certif��d check, bank check, treasur�r's�heck�r cashier's check, provid�d any . such che�;k is drawn upon an institution whose d�pasits are insured by a fed�ra� a�enCy, �nstrumentali�y, �r en��y; �r�d� El�ctron�c Funds Transfer. Pa�m�n�s ar�deemed received b�Lender wh�n r�ce��ed a� �h�lacation des�gnated in the Nfl�e or at such other lacation as may be designated by L�nder�n accardance w�th�he nat�ce pr�visions in Sect�on �5, Lender may return any payment ar par�ia� payment �f the paym�nt or par��al payments are insu�f�cient ta �ring th� Laan current. Lender may accept any payment or partia�pa�ment �nsuff�c�en��n bring the Laan curren�, u��htiut wa��er of ar�y r�bhts her�under or prejudice to �t� r�ghts to r�fuse such paym�n�ar partxa� pa�ments in �he �uture, but L�nder�s not obligated ta app�� such payments at the tinr�e such pa�m�nts are ac�epted. ��ach Periadic Payment is app�i�d as of�ts sch�du�ed due date, then Lender need not pa� in�er�st an unapplied funds. Lender may hoid �uch unapp��ed funds unt�l Borra�er makes pa�ments to bring the L�an�urren�, �f Borrov�er dfles n�t da sa r�v�th�n� reasflnab�e p�r�ad af t�me, Lender shall either apply such funds �r return�h�m ta Borrower. �f n�� app�ied earlier, such funds w�� be appl�ed to the outstandinb princ�pa� ba�ance under the N�te�mm�d�a��iy pri�r to for�clflsure. Na�ffset or c�a�m.wh�ch Barrower m��ht � ha�e naw or in the future against L�nder sha�l r��e�e Borrow�r fram ma�cing payments due u�ad�r the �Iat� and this 5ecuri�y �nstrumen� or performing the c�v�nants and agr��ments se�ured by this Security �nstrument. � 2. Applicat�on of Payments or Prace�d$. Exc�p� as �therwis�des�r�b�d zn�his Section�, all paym�n�s acc�pted and app�i�d by L�n�.er shall be app�ied in the fa��ow�ng�rc�er of priorzty: �a} �r��erest due under�he Note; �b}pr�n�ipal du�under the No�e; ��} amounts due under Se�t�on 3, Such paym�nts shall b�appiied �o �ach P�riodic Payment in the order in wh��h �t be�ame due. Any remaining amaunts shall b�applied firs�to �ate charges, second to any o�her amaunts du�under this 5ecuri�� Ins�rumen�, and then to r�duce the pr�ncipal ba�ance Qf�he Note. �f Lend�r rec��ves a payment from Borra�er for a de��nquent Per�odic Payment wh�ch includes a sufficient amount to pay any lat�charge due, the payment may be applied to the de��nqu�nt payment and the lat� charge. �f more�han one Periodic Payment�s ou�standing, Lender ma� app��r ar�y paym�nt re��from _ Barrower t� the repayrnen�of the Periodic Paymen�s if, and ta �he exten�that, each paymen�can b�paid zn ful�. Ta the ex�en�that an�r e�cess��sts after the ga�ment �s appl�ed ta the fu�I pay�men�of one or mar� Per�odic Paym.e�ats, such�xcess may be app��ed to any �ate charges due. V�Iuntary prepaymen�s sha�l be app�ied fir�t ta any prepayment charg�s and�hen as d�scr��ed �n�he Note. NESRASKA-Sir�gle�amily-Fannie Mael�reddi�Mac�NIF�RM INSTRUMENT Form 34�8 1101 VMP[] VMP64N�i 413�2f Walters KIuwer�inancial 5er�ices Page 4 of 17