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2� 1 ��8��2 BaRR.�WER ��VENANTS�hat Barrower is lawfu�I� s�ised af�he es�a�e hereby canv�yed and has the right to grant and con�ey the Pr�perty and�hat the Prop�rty is unencum�ered, excep�for encumbrances of record. B�rra��r warran�s and�v��l defend gen�rally�h�title to the Property against ali c�a�ms and de�nands, subject to any�n�umbrances af re�ard. . T�IS SECUR�TY �NSTRUMENT combines uniform covenants f�r nat�ona� use and non-uniform co��nants wi�h 1im�ted�ar�at��ns by jur�sd�ction to cnnsti�ute a unifarm security instrumient c��er�ng real pr�per�y. LJn�f�rm Cvr►�nants, Borro�ver and Lender cavenan�and agr�e as foi�ows: � �. Payment of Principal, lnterest, Escraw �tems, Prepayment C�arges, and Lat� Cha�ges. Borrower sha��pay when due�h�principal,of, and �nteres�ons �he de�t evidenced by the Note and any prepa�rn�ent char�es and Iate charges due un��r the Not�. B�rrower sha�� also pay funds for Escraw items pursuant to Secti�n 3. Paymen�s due under the Na�e and this Se�urity Instrument shal�be made in U.S. currenc�. Hawever, if any check ar other instrument re�e��ed by L�nder as pa�rn�nt under the Note or th�s Securi�y Instrument �s re�urned�� Lender unpaid, Lender may requ�re tha�any ar all subs�qu�n�payments due under �he Not�and th�s Securit�Instrumen�be made in one ar m�.are af the f�ll�wing forms, as seiected�y Lender: �a} cash; �b} money order; �G}cer��fied check, bank check, treasurer's check�r cash�er's check, prfl�ided any such check is drawn upon an institutian whose deposits are insured by a federa� ag�n�y, ins�rumentaiity, �r entity; ar�d} Eiectranic Funds Transfer. Pa�n��nts are deemed rec�i��d by Lender when rece��ved at the�oCat�on�es�gnat�d in the No�e flr a�such �ther location as may b�designa�ed by Lender in accordan��w��h th�nat�ce pro�isions �n Section �5. Lender may return any payment or part�al payment if the payam.ent�r par��a�pa�ment�ar� insuff�c�ent ta br�ng th� Loa.n curr�nt. Lender ma� aCc�pt any paymen�or pa�tial pa�rnent�nsuff�cz�nt�� bring th� L�an curren�, withaut waiWer�f any r�ghts hereunder or pr��udice to its righ�s to refuse suCh paym�n�nr part�al payments in the f�tur�, bu� Lender�s not o��igated to apply such payments at the tim�suGh paym�n�s are a�c�p�ed. If each P�ri�dic Pa�m�nt �s app��ed as of zts schec�uled due date, �hen Lender ne�d n�t pa� interest on unapp�i�d funds. Lender may ho�d such unapp��ed funds unti� �orra�v�r makes paymen�s�o bring the Laan curren�. �f B�rrnwer d�es n�t do so within a reasonab�e per�od af time, Lender shal� either apply such funds or re�urn them�to Borrower. �f nat applied�arlier, such funds w�� be applied to�he�utstanding principa�balance under the No�e�mmed�ate��pri�r t� foreciosur�. N� affset or��aim whieh Borrower migh� hav�naw ar in the future against Lender sha�� re��ve Borrower fr�m making pa�men�s due under the N'ote ar�d this Security Instrumen�or perfarming t�.�co�enants and agre�ments secured by �h�s Secur�ty �nstrument, 2. App��Gati�n of Payments or Proceet�s. Excep�as otherw�se d�scr�bed �n this Secti�n�, a11 payments accepted and applied by Lender sha�x be app�ied in the follov�ing order af priori��r: �a} interest du�under the Note; �b}principai due under�he Nate; �c} amounts�ue und�r Section 3. 5uch paymen�s sha�� be appiied to each Periodi� Payment in the arder in which i�became due. Any r�main�ng amounts sha�i b�app��ed�rs�ta late charges, secand t� any�ther amflunts due under th�s Secur�ty �ns�rumen�, and then to reduce�he pr�nc�pal ba�ance of the Na�e. If Lend�r rece�ves a payment fran�Barrower f�r a delinquent Periodzc Payment wh�ch �nciudes a suf�ic�ent amount to pay any�a�e�harge due, the pa�m�nt may be applied to th��e�inquent paym.en�and �he �ate charge. �f more�han one Peri�dic Payment is ou�stand�n�, Lender may apply any payment recei�ed fro�n Barrower�o�he repa�ment of�he Period�c Payments if, and�o �he extent�ha�, �ach pa�m�n�can�e paid in fu�i. To the ex�ent tha�any excess exists after�he payment is app�ied to the fu��pa�ment nf one or m�re Peri�di� Paymen�s, such excess may be applied�� any late�harges due. Voluntary prepayn��n�s sha�l be applied f�rst t� any pr�paym�n�charges and then a�d�scribed in�he Note, N�BRASKA-Singl�Family-�anni�Mael�reddie Ma��Nt��RM INSTRUMENT Fvrrn 3�28 i1�7 VMP� VMP�qNEf{1302} Wolters Kiuwer�inancial S�r�iGe� Page 4 a#i 7