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200306652 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has die right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record- Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform cnvcnants for national use and non - uniform covenants with Mulled variations by jurisdiction to constitute if uniform security instrument covering real property. (INB'ORM COVENANTS. Borrower and Lender covenant and agree as follows'. 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note- Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in US, currency. However, it any check or other instrument received by Lender as payntenl under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security fnsrnnaent he made in one or more of the following forts, as selected by Lender'. (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient 10 bring life Loan current, without waiver of any rights hereunder or prejudice to its rights to reuse such payment or partial payments in the f It rq but Lender is not obligated to apply such payments at the tiutc such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest oil unapplud funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower doca not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to oncelosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from motion, payments due under die Note and this Security Inalr.mcut or performing the covenants and agreements secured by this Security Instrument 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied fn the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounta due under Section 3. Such payments shall be applied to cacti Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to Ice charges, second to any other anhuuuls due under this Security Insmnmcnl, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Perodic Payment is outstanding, Lender utuy apply may payment received from Borrower to the repayment of the Periodic Payments if and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payntenl is applied to file full paynelf of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall he applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds m principal due under the Note shall not extend Or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds fur Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, fulfil the Note is paid fn fit]], a sum (the "Funds ") to provide for payment of amounts due for (a) taxes and assessments and other d mus which can attain priority over this Security Instrument as a ]fen or encumbrance on the Property; (b) leasehold paynhenus or ground rents Orin doe Property, if any; (c) premiums for any and all insmnace required by Lender under Section 5; and (d) Mortgage Insurance prenduuns, if any, or any suns payable by Borrower to Lender fit lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10 'these items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be all Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender floe Fonds for Escrow hems unless Louder w, ives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow NEBRASKA — Single Fwally Fannie Nladfreddle Nlac UNIFORM INSTRUMENT Form 3x28 Uel .aExTINc RF_M 191513 (0011) (rG,Re "f II)'ti.41t) to Oder tat 1 A0UL9U99990 Fax 616]9111]1