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200907299 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Harrower 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 covenants for national use and non-uniform covenants with limited variations by ,jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows; 1. Papment of Frmcipal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Npte 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 U.S. currency, However, if any check or other instrument received by Lender as payment under the Nate ar this Security Ltstrument Is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the fallowing forms, 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 ar at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment ar partial payment if the payment pr partial pa ents are insufficient to bring the Loan current. I,endsr may accept airy payment ar partial payment insu tf icient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated tv apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its schedWed due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not da 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 tv the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Harrower might have now or 1n the future against Lender shall relieve Borrower from making payments due under the Nnte and this Security Instrument 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 in the following order of priority: (a) interest due under the Nvte; (b) rinclpal due under the Note; {c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and Wen to reduce the principal balance of the Note. If Lender receives a payment from Borrower far a delinquent Periodic Payment which tncludes a sufficient amount to pay any late charge due, the payment may be applied to We delinquent payment and the late charge. If more than one Periodic Payment is outstanding, bender may apply any payment received From 1orrower tv the repayment of the Periodic Payments if, and to the extent that, each payment can be paid !n full. Tv the extent that any excess exists after the payment is applied to We full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall tie applied fast to any prepayment charges and then as described in the Note, Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under fhe Nate shall oat extend or postpone the due date, or change the amount, of the Periodic Payments, 3. Funds for Escrow It~ns. Borrower shall pa fv Lender on the day Periodic Payments are due under the Note, until fhe Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien yr encumbrance on the Property; (b} leasehold payments or ground rents on the Properly, if any; (c} premiums for any and all Insurance required by Lender under Section 5; and {d} Mortgage Insurance 001120699230 [001120699230] N®RASKA -Single Family -Fannie Mae/Freddle Mac UNIFORM INSTRUMENT WI71~N~' -6A(Nq loei0l Pe{]B 4 Of 75 ~nitiais: FOfnf 5028 1101