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2� 1 ��8188 � B�R.R�WER C�VENANTS tha�Borraw�r is �awfu��y seised of the es�a�e hereby con�eyed and has th�right to gran�and con�e� the Pr�per�y and that�he Prop�rty �s unen�umbered, except far encumbrances of record. Borrow�r warrants and wzl� def�nd genera��y the t�t�e ta �he Proper�y against a11 claims and d�mands, sub�ect�o any encum�brances of r�cord. THIS SECUR�TY INSTRUMENT combines unif�rm covenan�s f�r nat�anal use an�non�uniform covenant�with limited variati�ns by�urisdiction�a cons�itute a uniform se�urity instrurnen��o�er�ng r�a�proper�y. Uniform Co�enants. Borr�v��r and Lend�r c�venant and agree as fa��ows: '1. Payment of Principal, �nte�est, Escrvw �tems, Prepayment Charges, and Lat� Charges. Borrower shall pay when due th�pr�nc�pa� af, and inter�st on, �he debt ev�den��d by th� Note and any prepayment charges and late charges du�under�h�No�e. B�rr�wer sha�l a�so pay funds f�r Escrou� �tems pursuant ta Secti�n 3. Paym�nt�du�un�er the Note and this S��urity �nstrumen�sha��be made xn U.S. currency. �3awever, �f any check or�ther�ns�rument r��ved by Lender as payment under the Nate or�his Securzty �nstrumen� is returned to Lender unpaid, Lender may requ�re that an�ar all sub�equent payments due under �he Nate and this Securi�y Instrument be made in one�r mare of the fo��ow�ng forms, as sele��ed by Len�er: �a} cash; �b}mane�arder; �c}c�r�if�ed check, bank check, treasurer's ch�c��r cashxer's ch�ck, prav�ded any suCh check is drawn upon an ins�itu�ion whose deposits are insur�d by a federal agency, �nstrumentali�y, or ent��y; or�d) Electr�nzc Funds Transfer. . Payments are deemed received by Lender when rece�ved at the�ocat��rz designate�i in the Note ar a� such o�h�r location as may be des�gna�ed by Lender in accardanee with th�nat�ce pr�v�s�ans �n Sect�on �S, Lender may r�turn any payment�r par�ial payment if th�payment ar par�ial paym�nts ar� �nsuf�ci�nt to bring th� Loan current. Lender ma�accept any paym�nt or par�ial pa�ment insuf�cien�t�bring the Laan �urren�, w�thou�wa�ver of any r�gh�s hereunder or pre�udi�e�o�t�righ�s ta refuse such payment or par�ial paymen�s �n�he fu�ure, but L�nder�s nat obligated to app�y such payments at the time su�h payments are accepted. �f�ach Periodic Pa��nent is applie� as o�zts sch�du�ed due date, then L�nd�r need nat pay interest an unapplied funds. Lend�r may hold such unapplied funds unt�� Borr�wer mal�es payments to br�ng the Loan curr�n�, �f Borrower d�es not d�s�wz�hin a reas�nable peri�d�f t�me, �.ender sha�� either app�y such � funds ar re�urn them to Bnrr�wer. �f not app�ied�ar�ier, such funds�zll be appl�ed tfl the outstand�ng principa� baiance under�he N`�te i�mmediate�y pr�or to for�c�osure. �o offse�ar claim which Borrawer might ha�e now or in the future against Lender sha�l re�ie�e Borrawer fr�m mak�ng payments du�under the Na�e and this Secur�ty Instrumen�ar perfarming�he covenants and a�re�m.en�� secured by th�s Se�ur��y Ins�rument. �. App�icatian of Payments vr Prviceeds. �xeep�as�therwise describ�d in�his S�c�ion 2, all payme�ts accepted and app�ied by Lender shal� be app�ied �n �h� fn��w�ng arder of prz�ri�y: �a} inter�st du�under the No�e; �b}principa� due under�he Not�; ��} amaunt�du�under Sec��an 3. Such payments sha��b�app��ed to each Periadic Payment in the order in which i�became due. Any rema�n�flg an�.ounts sha��be app��ed f�rst ta late charg�s, second ta an�-ather amounts due under this Security �nstrument, and then�o reduce�he principal ba�ance Qf the Note. �f Lender receives a paymen� from Borrow�r f�r a delinquent Per��d��Payment�vhi�h inc�udes a suff�c�en� amaunt ta pay any iate charge due, �he paymen�may be appl�ed to the de�inquent payment and�he Iate �harge. If more than one Periodic Payment is autstanding, Lender�may apply any paym.ent received from Borrower to the r�paymen��f the Periodzc Paym.ents if, and�o�he e�tent that, each paymen�can be paid in fu��. To�he e�.�en�that any exc�ss ex�s�s after the payment is applied to the fu�l payment of on�ar more P�rifldic Pa�ments, such�xcess may be applied ta any �a�e charges due. Vo�un�ary prepayments �hal�b� applied �rst t�any prepa�m�r�t charges and then as descr�bed �n�he No�e. N�BRASKA-SingIe FamiEy-�anni�MaelFreddie Mac UNIFaRM EN5TRLIM�NT �vrm 3428�10'1 VMP� VMPfi4N�f t13�2� Walt�rs Kluwer�inancial S�r�ices Pa��4❑f�7