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2� 17�� 1 �8 B�RR��R CUVENANTS�hat Barr�wer�s lawful�y seis�d of the esta�e hereby convey�d and has�he right�o grant and canvey the Proper�y and�hat the Prap�r�y is unencumbered, except far encumbrances�f record. Barrower warrants and wzl� defend genera��y the t�t1e to the Prap�rty against all claims and demands, subject�o any encumbrances of record. TH�S SE�URITY INSTRUMENT cambines unzf�rm covenants for na�ional use and nan-uniform��v�nants with limited variat�ans�y�urisd�ction ta cansti�u�e a unifQrm s�cur��y instrum�n�c�vering real prop�rty. tJn�fv�m Cv�enants. Barr�wer and Lender c��nant and agree as fo�iows: 'I. Payment of Pr�nc�pal, �nterest, Escrow �tems, Prepaym�nt �harg�s, and Late Charges. Borrower shait pay vsrhen due the princ�pai af, and znterest an, th�debt evidenced by the Note and any prepaymen� _charge� and late charg�s due under the No�e. B�rrower sha�l also pay funds for Escraw ��ems pursuant to Se��ion 3. Paymen�s due under th� N�te and �his Securz�y �nstrument shall�e made�n U.S. currency. �iawe�er, �f any�heck or other�nstrument r��ived by Lender as paymen�under th�Note or�h�s S�curit�r Instrument is returned ta Lender unpaid, Lend�r may require that any or a�� subsequent payments due under �he Note arzd thi� Security Instrument b�made�n�ne�r more of the fo��wing f�rms, as s�leGted by Len�er: �a} cash; �b} money order; �c} certif�ed che�k, bank check, treasur�r's cheCk or cash�er's check, pr�vzded any such che�k is drawn upan an institutian whose deposi�s are�nsur�d by a f�d�ra� agency, �ns�rum�nta�zt�, �r en��ty; or�d} Elec�ron�c Funds Transfer. Pa�ments are deemed re�eived by Lend�r�vhen re��z�ed at�he loca�ion d�signated in the Nate or at such ather lo�ation as may be designated by Lender�n accordance vvith the n�tice provisians in�e��ion �S. Lender ma�return any payment or partial payment if�h�payment�r partial pa�men�s are�nsuf�c�ent to � bring the Loan current. Lender may accep� any paymen�or par��a�paym�nt znsuff�c�en�to bring�h�Loan current, wx�hout�va�ver of any rights hereunder or prejudice to its righ�s t� refuse su�h payment or partia� payments �n�he fu�ure, but Lender is na�ohl�gated to apply such pa�ments a�the�ime such pa�ments are accept�d. If each Per�od�c Pay�ment�s app�ied as af its scheduled due date, then Lender need na�pay interes� �n unapplied funds. Lend�r may hold such unapp��ed funds until Borrower mak�s paym�n�s to bring�he � Loan current. �f Borrnwer d�es n�t�ia sa wi�hin a reasonable period af t�me, Lender shal�ezther apply such fund�nr r��urn them t�B�rr��er, If n�t applied earl��r, such funds w�ll be app��ed to the autstand'zng prin�ipal ba�an��under the Note�mmediate�y prior to forecl�sure. No offset or c�a�m which B�rro�ver might � have naw or in the future aga�nst Lender sha�� re�ieve Borrower frorn ma�ing payments due un�ier the Note and�his Security Instrument Qr performi.ng�he cov�nants and agreements secur�d by this Secur��y �nstrumen�. 2. Application flf Payments ar Proc�eds. Excep� as atherw�se descr�bed xn th�s S�ction Z, a�� paymen�s accepted and app��ed b� Lender sha��be applied in the foll�wing ord�r of pr�or��y: �a} interest due under�he Na�e; �b}principal due under�he Nate; �� amoun�s du�under��ion 3. Such payment� sha�� be app�i�d ta each P�riodic Pa�ment�n the order in which it�ecam�du�. Any remainin� amoun�s sha��be app��ed f�rs�ta �a�e charges, s��ond to any other amounts due under this S�cur��y �nstrumen�, and then to reduce the pr�nc�pal baiance of th� Nate. �f Lender rec�ives a payment from Barrawer fnr a d�Iinquent Periodzc Payment v�hi�h�ncludes a suffz��ent amount to pay any late charge due, the payment may be app�i��th�d�linqu�n�payment and�he�ate char�e. �f more than one P�riodi� Payment is autstanding, Lend�r may app�y any payment re�eived fro�m Borrawer�n the repa�ment of the Periodic Pa�ments if, and t�the e��ent that, each paym�nt can be paid in fuli. To th�ext�nt that any exc�ss ex�s�s after the payment is appiied�a�he full payment of�ne or more Periodic Paym�nts, such excess may be applied to ar�y�ate charges due. Vo�untary prepayments sha1�be app�ied first�a any prepa�m�nt charges and then as descr�bed in the No�e. NEBRASKA-Singl�Family-Fanni�MaelFrecldie Ma�tJNI�aRM iNSTR�M�NT ��,�0�8�io� VMP[� VMPS�NEf t130Z) Walt�rs Kluwer�inancial 5er�ic�s Page 4 of 17