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2� 1 ��8727 BDRR��VER CaVENANTS �ha�Borravver is lawful�y s��sed af th��ta�e hereby conveyed and ha�the r�ght�a gran�and c�nv�y the Pr�per�y and that the Proper�y is unencumbered, �xcept f�r en�uznbranc�s of recard. Barrower�varran�s and w�� defend genera��y the t�tie to th�Property agaxns�a��ciaxms and dem�nds, subjec�t� any en�umbrances�f recard. TH�S SECUR�TY INSTRUMENT combines uniform cavenants for na�iona�use and nan-un�form cavenants v�►�ith limi�e�.variations by jur�sd�ct��n t��onstitute a unif�rm securx�y�ns�rument c�ver�ng rea�prop�rt�. Uniforrn Co��nant�. B�rrawer and Lender co�enant and agree as fo��ows: 'I. Payment of Prin��pal, Interest, Escraw �temsr Prepayment �harges, and Late �har�es. Borr�wer shal�pay�vhen due the principal �f, and�nt�rest on, �he d�b��vi�enced by th�I�I�t�a�d any prepaym�nt c�.arges and late charges�lue under the N�te. Borrower sha�l also pay fun�s for�scrow I��ms pursuan�to 5��on 3. Paymen�s due under the No�e and�hzs Security Instrurnent shall�e made in�J.S. currency. How�ver, �f any check ar other�nstrumen�rece�ved by Lend�r as paymen�under th��ate or�h�s Security �n�trum�nt�s returned t� Lender unpaid, L�nder may requ�re that an�or al� subsequent payments due under the Note and th�s Se�ur�t� �nstrument be made in ane or more of the f��ovv�ng for�ms, as se�ec�ed by Lender: �a} cash; �b}mone�r�rder; �c} cer�ified check, �ank che�k, treasurer's check or cash�er's check, provid�d any suCh check�s�rawn upan an�nst�tution whase deposi�s are insured by a federal agency, ins�rumentality, �r ent��y; or�d} Ele��ron�� Funds Transfer. Pay�n.en�s are deemed received by Lender when rec�i�ed a�the�a�a�ion designated in th�Note�r at such o�her loca��on as may be designated by Lender in acc�rdanc�with the natice pr�visi�ns in�e�t��n �.5. L�nder rnay return any paym.ent or par�ial pa�rm�nt zf the paymen�or partia�payment� ar��nsuff�c�en��o brir��the�oan curren�. Lender ma� accept any pa�ment or pa.rtxa�pa�rment�nsuf�c�ent t�br�ng�he Laan �urren�, vvith�ut wa�v�r of an�r righ�s hereunder ar prejud�ce to its r�ghts�o refuse such payment ar par��a� pa�xnents�n th�future, but Lender is not obligated to apply such payments a�the�ime such payments are a�cepted. �f�ach P�riodic Payment�s applied as�f i�s scheduled due date, then L�nder need no�pay interest �n unappl�ed fun�s. Lender may hald such unappl�ed funds unti� Borrower makes paymen�s to br�ng�he Laan curren�. �f�3�rro�rer�oes na�do sa wzth�n a reas�nab�e period of time, L.ender shall e�ther apply such funds or return them�a Borrower. �f not appl�ed ear��er, such funds wi�l be app��ed to the outstanding przncipa�balance under the Not��mmed�ate�y pri�r to for�closure. No offset ar c�aim whic�B�rrower migh� have nflw or in�he future agains�Lender sha�l r�l��ve Barrower from making payments due un�i�r�he N��e a.�d th�s Secur�ty�ns�rument or performaing the covenants and agreements secured by�his Secur�ty �n��rurnen�. �. Application of Paym�nts v� Pr��eeds. �xcept as otherw�se de�cribed�n�h�s S�c��on 2, a�Z paymen�s a�cepted and applied by Lender shall be app�ied�n th�fo��av��ng order of pr�ar�ty; �a} �nterest due under the Note; �b}principal due under th�Note; �c} amount�due under Section 3. Such payments sha��b�app��e�.�o each Periadic Paymen��n the�rder in whi�h �t be�arne due. Any remain�ng amounts shall be appl�ed�rst�o �ate charges, secand�a any ather am�unts du�u�der�h�s �ecurity�nstrument, and�hen t�r�duc�the pr�nc�pa�ba�.ance flf the Note. If Lender receiv�s a payment f�om Borrawer for a de�znquent Periodic Paymen�whzch inc�udes a suff�cient amount t�pay any late charge due, �he payment may be app�ied to the de�inquent paymen�and�.h��at� c�zarge. �f mare than one P�r�ad�c Paymen��s outstandzng, Lender may appiy any paymen�r�c��ed �rom Borr�v�er to the repayment of the P�riod�c Payments �f, an.d to�he ex��nt�ha�, each payment can be paid in ful1. Ta�he exten��hat any exc�ss exi��s after the pa�rment�s app��ed�o th�ful�paym.ent nf one�r nzore Periodic Paymen�s, such�xcess may b�applied�a any�a�e charges due. Voluntary pr�payments sha��be applie��rst ta any prepayment charg�s and�hen as d�scr�bed in the Note. NEBRASKA-Single�amily-Fannie MaelFreddi�Mac UN�F�RM 1NSTRUM�NT Farm 34�8 11Q1 VMP� VMPfitNE}��3�2� Wo�ters Kluwer�inan�ial Ser�ices Page 4 vf t 7