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2� 1 ��8347 BflRRfl�ER C�VENANTS that Borrow�r is Iav�ful�y s��s�d of the estate her�b�conveyed and has �h�r�ght�o grant and convey�he Proper�y and�hat the Property is unen�umb�red, ex�ept far en�umbrances of rec�rd. Borrower warrants and w�i�def�nd generaliy the�it�e to the Property against aii claims and demands, subjec��o any encumbrances of record. T��S SE�UR�TY INSTRUM�NT comb�nes un�form co�v�nant� for na��onal use and non-unifarm coWenants vvx�h ��mi�ed varia�ians by juri�dic�i�n to canstitute a uniform secur�ty �ns�rument c�ver�ng r�a�prop�rty. Un�fnrm Ca�enants. Barrawer and Lend�r�ovenant and agre�as fo��a�vs: �. Payment of P�in�ipal. �nterest, Escrow Items, Prepayment Charges, and Late �har�es. Borrower sha��pay when due the pr�ncipa� of, and int�rest on, the deb�evidenced by the Note and�any prepaymen� charges and late charg�s due under the No�e. Borro�ver sha11 alsa pay funds for Escraw Items pursuant to Section 3. Paymen�s due under�he Not�and th�s Secur�ty �ns�rument sha�l be made in U.S, curr�nc�. Ho�c�v�v�r, if any cheCk�r n�her instrum�nt recei�ed by Lender as payment under the No�e or this Security �ns�rument �s re�urned ta Lender unpaid, L�n�.er may require that any or all subs�qu�nt payments due un�er the Nate and thi��e�ur�ty �nstrumen�be made�n�ne or more of the foll�wing forms, as s�lected b�r Len�er: �a} cash; �b} m�ney❑rder; �c} cer�ifzed check, bank check, �rea�ur�r's check or cashier's check, provided any such check is drawn upon an ins�i�utian whose d�pas�ts are insured by a fed�rai ag�ncy, instrum�ntalz�y, Qr entity; or�d} E�ectronic Funds Transfer. Paymen�s are deemed r��e��d by L�nder wh�n recei�ed a�the locatian designated �n the No�e or at such other�acat�on a�ma�be designa�ed by L�nder in acc�rdance��th�he notice praviszons in Se�t�on �5. Lender may return any payment or par�ial paymen�xf th�payment or par�ial paym�nts are insuff�cien�ta bring the Loan current. Len►der may accept an�payment ar par�ia�pa�men�insuffici�nt to bring�he Loan curr�nt, v�ith�ut wai��r of an� rights hereunder�r pr�judice ta �ts righ��t�refuse suCh payment ar partial pa�ments in�he future, but L�nder �s not obligat�d to app�y su�h paym�nts at the t�xne such payments are accepted. �f each Period�c Pa�ment is applied as af its schedu�ed due da�e, then Lender n�ed not pay �nt�r�st on unappl�ed funds. Lend�r rnay ha�d�uch unapplied funds until Borrawer makes paymen�s�a bring�he Loan current. �f Borrawer daes na�do so wi�hin a r�asonable period of�ime, Lend�r shal� ei�her apply such funds or r�turn them to Borr�wer. �f not app�ied ear�ier, such funds �vi��be applied t� the�u�s�anding prinCipal baiance under the Note im�med�ately prior�a far�cl�sure. N� offset�r ciaim which B�rr�w�r might have naw or in�he futur�agains� Lender shall relie�e B�rraw�r from rnaking pa�men�s due under the Note and�h�� Secur�ty �ns�rum�n�ar performing th��n�enants an� agr�emen�s secured by th�s Secur��y �nstrument. 2. Applicativn vf Payments or P�oc�eds. E�cep� as otherwise described in this Sect�on�, al�payments ac�ep�e�and app�ied by Lender sha�� be app��ed in th�fo��v��ng order af prior�ty: �a} �nterest due under�he I�ate; �b}principa� due under the�o�e; �c} amounts due und�r Sectzon 3. Such payments sha��be appl��d t� �ach Per�ad�c Payment in th��rder in which it became�ue. Any remazning amoun�s shal� be app��ed��rs�to la�e�harges, s�c�nd�o any other am�unts due und�r this Secur�ty �n�trumen�, and�herz t� r�duce the princ�pal ba�ance af the N�te. If Lend�r re�eiv�s a payment fr�m Borrawer for a de��nquen� Period�c Payxnen��rhich �n�lud�s a suf�cient amount ta pay any �a�e charg�du�, th�payment n�a�b�applied to �he delinquent payment and the�ate charge. �f more�han one Per�adz� Paym�.en�is ou�s�anding, Lender may apply any paym�nt recei�ed from Borrower t� �he repa�ment flf the PeriQdic Paymen�s �f, and�o th�extent that, each payment can be paid in ful�. Ta the�xtent tha� ar�y excess exists after the payn�en� �s app�ied�o the ful�paymen�of�ne�r more Peri�dic Payments, such excess may be app�ied to any�a�e charges due. Va�untary pr�payn�ents sha��be applied�rst to any prepayment charges and then as described in the Na�e. NEBRASKA-Singl��arr-iily-�anni�Mael�reddie Mac UNI�ORM lNSTRLJMENT Fvrm 3��8 1141 VMP[� VMP6�N�}t1342� Walt�rs Kluwer�inancial Ser�ices Page 4 af 17