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2� 1 ��8� 15 B�RR�WER CQVENANT�that Borrower�s �awful�y s��sed of�h�estate hereby conve�ed and has the right to gran�and�onvey the Prop�r�y and tha�the Praper��r is un�ncurnbered, except far encumbrances of record. B�rrow�r warrants and u�i�� defend g�nera�� the��tle�a th� Praper�y agains�a�l c�aims and demands, sub�ect to any encumbrances of record. TH�S SECURITY INSTRUMENT cambines un�form covenants for nationai use and n�n-unifarm cQv�nants w��h ��mited variatians by jurisd�c��on ta const��ute a un�form security instrum�n��avering reai prop�rty. Uniform CoWenants. Borr�v�er and Lender covenant and agre�as follaws: �. Payrraent af Principa[, IntereSt, Escr�w �tems, F'repayment Gharges, artd Late Charg�s. Borrower sha��pay when due th�pr�ncxpa� �f, and int�res�on, the debt evidenced by�he Nate and any prepayment charges and Ia�e�harges due under the Nn�e. B�rr�w�r�hall also pay funds f�r Escr�w I�ems pursuant to Se��i�n 3, Payments due under the NQt�and th�s Security Instrument shall be made in U.�. curr�ncy. However, zf any check or other instrument rec�iv�d by Lender as payment under the Note or th�s Secur�ty �nstrumen�is returned�o Lender unpaid, Lender may require that any�r al� subsequent payrn�n�s due und�r the Note and this Security �nstrum�nt be made in one or more of�he fo�iowing farms, as seiected by Lender: �a} cash; �b}money order; �c} certified check, bank c�aeck, treasur�r's che�k ar cashier's check, pra��ied any sueh checl�is�irawn upon an�ns��u��n wha�e c�eposzts are insured�y a federai ag�ncy, �nstrumental�t�, or en�ity; or�d} E�ectronic Funds Transf�r. Paymen�s are deemed rec�iv�d by Lender when received at the��ca�ion des�gnated �n the Note or at such other lflcatian as may be d�signated�y Lender in accordance w�th the no��c�prov�sions in Section I S. Lender may return an�paymen�ar par�iai paymen� �f�he payment flr partial pa�ments ar�in�uf�cien� �a bring the L�an current. Lend�r may accept any paymen�or partial paymen� insufficien�to�ring the Loan current, withou�wa�ver of any r�ghts hereunder or pre�udice ta its rights ta refuse such payment ar par��al payments in�h�fu�ure, bu� Lender is nat obligated to appiy su�h pa�ments a� the t�me such payments are acc�p�ed. �f ea�h Periadi�: Payment is applied as of its scheduled du�date, then Lender need not pay in�erest on unappl�ed fun�s. L�nder m�.y hold such un�pp�z��. funds un�� B�rr��er makes paymen�s �a bring the Loan current. If Barr�wer does not do so ti�rithin a r�asonable p�riod af�ime, Lend�r shall ei�her apply such funds ar re�urn �h�m tfl Borrawer. �f no� app��ed ea�r�ier, such funds wil� be applied to the au�standing principai balance under th�Nate immed�ate�y priar to forec��sure. N�offset or c�aim which Borr�wer might ha�e now or�n the future against Lender sha�i relieve Borrower fram making paymen�s due under�h� Note and this Secur�t� �ns�rument�r performing the covenants and agreemen�s secured by �hzs Secur�ty �ns�rument. �. Appli�ativn of Payments or Praceeds. Except as otherwise described in this Section 2, all pa�ments accept�d and appl�ed by L�nd�r shal� be appl�ed in the fallow�ng order of prior�t�: �a} inter�st due under the Nate; �b}pr�nczpa� due under the No�e; �c} amount�due und�r S�ction 3. Such payments shatl be applied to ea�h Per�adic Pa�ment in the order in whi�h it became due. Any remazning am�unts sha��be app��ed f�rst ta �ate charges, ��ond to any��h�r arn�unts due un�er th�s Secur�ty �ns�rum�nt, azad then�o reduce�he principal ba�ance of the No�e. �f L�nder receives a paym.ent fram�Borrawer far a del inquent Periodic Paymen�u�hich includes a suf�cient amaunt t�pa�any late charge due, th�paymen�may b�app�ied�o�he de�inquen�payment and the�ate charge. �f m.or��han one Periodic Paymen� is autstan.d�ng, Lender may apply any payment r�c�i��d from Borrower to th�repayment�f the Periadic Payments �f, and�a the exten�that, �ach payment Can b�pa�d �n full. Ta the extent tha�any excess exists af�er�he payment is app�ied to the full pa�ment of one or more Periadic Pa�ments, such exc�ss may be appl�ed to any Iat�charges�iue. Va�untary prepayn-�en�s shal� be applie��rst to any prepayment charges and then as desGri�ed in th�Nat�. NEBRASKA-5i�gle FaEnily-�anni�Ma�IFreddie Mac UNIFURM ENSTRUM�NT Form 3Q�8 110� VMP[� VMP54N�1 ti 302� Wa�fers Kluwer Financial Ser�i�es Pat�e 4 of i 7