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2� 1 ��884� B�R.R�WER��VENANTS�hat Borrvv��r is Iawfully seised af t.h.e�stat�bereby conveyed and h�the right to grant and convey the Prop�rty and tha��he Properry is unencumbered, �xcept for encumbrances of recor�. Bvrrower warra.nts and w�ll d�fend general�y the�itle t�the Property agai.nst aI�cla�ims and demands, sub�e��to � . a.n�encumbrances vf recard. THIS SECURITY ZNSTRUMENT combzn�s uniform covenants for nataonal use and non-u.niform cov�nants wi�h Iimited variations by jur�sdictian to constitute a uniform securit�instrument��veri.ng real pr�pert�. Unif�rm Cv►renants, Borrower and L.�nder co�ven�ant and agree as fax�ovws: 7. Payment of Prin�ipal, lnterest, Escrow �tems, Prepayment Charges, and Late Charg�s, Borrawer shall pa�wh�n due the princxpa� of, and interest on, the debt evidenced by the Note and any prepaymen� charges and late charg�s du�under the Note. Borrower shall also pay funds for Escrow Iterns pursuant to Section 3. Payments due under the Nate an.d this Security Instru.ment�ha11 be made in U.S. Gurrency. Hawe�er, if an�check or other�nstrument received by Len�er as pa�ment und�r the Nv��vr this 5ecurity Ins�rument is returned ta Lend�r unpa.id, Lender may requi.re that any or all subsequent payments due under the Nate a.nd this Security Instn�ment be made in one or mor�vf�he fall�wing f�rnas, as selec�ed by L�nder: (a�cash; �b}mone�order; �c}certif��d ch�ck,bank check, treasurer's check or cashier's check, provid�d any such�he�k xs dravvn upon a.n in�t�tu�tion whose deposits are insured by a federal agency, instrum�ntality, or ent�ty; or(d}EleG�r�nic Funds Transfer. Payrnents are d�emed recexved by Lender when re�eived a�the lvcat�on desxgnated in th�Note ar at such o�her location as may be d�signated by L�nder in a�cordanCe vwitb the�notice pravis�ons in 5ectivn 15. Lender ma�re�urn.any payment ar partia�payment if the paym�nt or part�a.�payments are insufficient to bring the Loan current. Lender may accept any payrnent�r partial payment insufficient t�bri.ng�the Loan current,without waiver of any rights hereund�r or prejudice to its rzghts to refuse such payment�r partial p a�rnents�n th�fu�ure, but Lrender is not abI�g at�d to apply such p ayments at the tim�such p ayments are a�cepted. If each Periodic Pa�rrnent�5 applied as of its scheduled du�da�e, �h�n Lender need not pay interest on unapp�ied funds. Lender may ho�d such unapplied funds unti�Borrow�r mal�es paym�nts to hring the Loan curren�. I�Borrvwer daes nat do so within a reasonable perivd vf time, Lender sha1��ither app��such � funds or r��u.m them�o Borr�wer. If n�t applied earlier, such funds will be app�ied ta the outs�anding principal bal.ance under the No�e i.mmediately prior to forec�osure. No vffs�t vr�laim�vhich Bvrr�v�rer mxght have.nvw or in th�future agai.ns�t Lender shail relieve Bvrrower from mak�ng paym�nts due under t1�e Note and this Security Instrument or perf�rming the cavenan�s and agreements secured b�th�is 5ecu.rity Instrument. �. App�iGativn of Payments vr Proceeds. Except a.s o�herwise descnibed in thzs Sectian 2, all payments accepted and applied b�Lender shall be applied in the fvllowing arder of priority: �a}inter�st due under th� Nvt�; �b}principal due under the Note; �c} a.maunts due under Section 3. Such pa�naents sha11 be applied to �ach Periodic Paym�nt in the order�n which it became due. Any r�mai.ning amoun�s shall be appl�ed fxrst ta Iate charges, second to any other amounts due under this Security Lnstrument, and then to reduce the principal balance of the No�e. If Lender reGezv�s a paXment from Borrav��r for a delinquent Periadic Payment which inc�udes a sufficient amount�o pay a.ny Zate charge due, the paymen�may be applied to�he d�I3nquent payment and�he Iate charge. �f more than one Period.ic Pa�ment is outstanding, I.�nder may apply a.n�pa�rment recei�ed from Borrower to the repayment of the Periadic Payments if, and to the ex�ent that, ea�h payment can be paid in full. To the ex�en�that a.n.y excess ex�sts after th�pa�ment zs app�ied ta the full payment�f on�vr more Periodic Payments, such�xcess may be applied to any late charges due. �v�untary prepayrnents shall b� applied firs�tv any prepayment charges and then as d�s�ribed in�he Nate. N�BRASKA-5ingle Family-Far�nie MaelFre�die Mac UNIFORM iNSTRUMENT Fvrm 3D28'�107 VMP� VMPfi[NE)[7 3D2) Waiters Kluwer Fnancial 5ervices Page 4 vf 17