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2� 1 ��8748 <br /> B�R.RC]V�TER C�V�NANTS tha�Barrow�r is lawfu��y seised af the esta�e hereb�c�n�eyed and has the right to <br /> grant and con�ey the Property and�hat�he Property is unencumb�red, except for en�umbrances of record. <br /> Borrower warrants and wi�l def�nd generally�he t�tie to the Property against all cla�ms and demands, sub�ect ta <br /> an�r encum�rances of recard. <br /> T�3�S SE�URITY INSTRUMENT��mbines unifarm covenants for national us�and n�n-un�farm co�enants w�th <br /> lim�ted�ar��ations by�urisdict�on to c�nstitute a uniform se�ur��y instrument�nverzng real proper��. <br /> L�nifarm Co�enants. Barrou�er and Lender covenant and agree as fo�laws: <br /> '1. Payment �f Princ�pal, Interest, Eserow items, Pr�payment Charges, and Late �harges. Borrou�er <br /> shal�pa�when due the principal of, and in�erest an, the debt e�idenced by�he Note and any prepaymen� <br /> charg�s an�Iate charges due und�r the Note, B�rr�wer shal� alsa pay funds for Escrow ��ems pursuant to <br /> Se�tion 3. Payments due under the No��and this Securi�y �nstrument sha�i he made�n U.S. currency. <br /> However, �f any check ar o�her znstrument rece�ved by Lend�r as paymen�under the Na���r thi� Secur��y <br /> �nstrum�n� �s re�urned to Lender unpaid, L�nder may requ�r�that any ar al� subsequen�paymen�s�.ue un��r <br /> the Nate and this Securi�y �ns�rum�nt b�made i�one or more�f the fai�awing farms, as �e�ected�y Lender: <br /> �a} cash; �b} man�y order; ��} cer�if�ed ch��k, ban�check, tr�asurer's�he�k�r cashi�r's�he�k, pr�vided any <br /> �uch�hec��s drawn up�n an�nst��u��an whase deposits ar��nsur�d by a federa� agency, instrumenta�i�y, or <br /> en�ity; ar�d} Eie�trnnzc �unds Transf�r. <br /> Payments ar�de�m�d rec�ived by L�nder v�h�n rece��ed at�he iocat�on designated�n th� N��e or at such <br /> a�h�r�ocat��n as may be des�gna�ed by L�nd�r in accordance w��h the natice pr�v�s��ns �n Sec��on 1 S. <br /> Lend�r may re�urn any paymen�or partial pa�m�nt if�he payment or partial pay�nen�s are insuff�cient�o <br /> bring�he Loan current. L�nd�r may accept any pa�m�nt�r par�iai paymen� insuff�cient to bring the Laan <br /> curren�, w�thaut waiver�f a.r��r�ghts hereunder or pr��ud�ce�a ��s r�ghts�a refuse such payment ar par�ia� <br /> paymen�� �n the future, bu�Lender is not ab�i�ated�a app�y such paym�ents at�he time such payments are <br /> accep��d. �f each Per�adic Paymen� is appiied as of its �chedu�ed due da�e, �hen Lender need not pay int�rest <br /> on unappiied funds. Lender may ha�d such unapplied funds un�il Barrawer mal�es payments to bring�he <br /> Loan current. If B�rrower�ae�no�d� sa wi�hin a reasonabl�periad of time, Lender shal� e�ther app�y such <br /> funds or r��urn them�o Borrower. �f not app�ied earlier, such funds�vi1�be app��ed ta �he outstand�ng <br /> prin.cipa�ba�ance und�r the Nnte immediate�y prior t�fore�lnsure. N� offset or claim which Borrow�r might <br /> have now or in the future aga�nst Lender shai� r��ie�e BarrQwer fram mak�ng pa�men�s du�under�h� Not� <br /> and�h�s S�cur�ty �nstrument or perfarmzng th�co�enants ar�d agre�ments secured by �his Security <br /> �ns�ruamen�. <br /> 2. Application of Payments or Proceeds. Except as otherv�ise d�scri�ed in th�s Sec�zon 2, a��paym�nts <br /> aC��pt�d and appi�ed�y Lender sha��be appl�ed�n the f�1�oti��ng order flf priflr�ty: �a) interes�due under th� <br /> Note� �b�princ�pal.due under�he Nfl�e; �c} amaunts due under Se�t�an 3. Su�h payment� shal� b�app�ied ta <br /> each Per�od�c Paymen� �n�he arder in which�t became due. Any remaining amounts shal�b�appl�ed f�rst to <br /> lat�charges, secon� to an�other amoun�s du�un��r this Securi�y Instrument, and th�n t� reduCe the <br /> prin�ipal baiance�f the Nate. <br /> If Lender receives a pa�men�from Borr�v�er for a delinquen� Per��d�c Payment which includ�s a suff�cient <br /> amount to pa�any late charge due, th�paymen�may be applied to �h�de�znquen�paym�nt and the late <br /> charge. If m�re�han one P�riodic Paym�nt is autstanding, L�nd�r may apply any payment rece��ed fr�m <br /> B�rrower to �he repaym�nt�f�he Periodic Payments if, and ta the�xtent tha�, �ach payment�an be paid xn <br /> ful�. To the ext�nt�hat any ex�ess ex�st� af��r�he paymen� �s app��ed t�the full paym�nt af one or more <br /> Per�odic Paymen�s, such excess may be app���d ta an�r�a�e�harges due. Valuntary prepayments shal�be <br /> applied fzrst tfl any prepayment charges and then as describ�d in the Na�e. <br /> N�BRASKA-Singte Famiiy-Fannie MaelFreddie Mae UNlFqRM lNSTRI�MENT Form 3�28�101 <br /> VMP� VMPS{NEy�7 3��) <br /> Wvlters Kluwer Finan�ial Ser�ices Page 4❑f 17 <br />