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240909447 BORROWER COVENANTS that Borrower is lawfully seisul of the estate hereby conveyed and. has the .right to grant and convey the Property and that the Property is ttnencutnbered, except for encumbrances of record..Barrawer warrants and will defend generally the title to ehc Property against all claitrs and demands, subject to any encumbrances of record. THIS S.EC~IJRITY INSTRUMENT combines uniform covenants for national use and non-wlifarm covenants with litritecl variations by jtuisdictian to constitute a unifo.nn secturity instrument covering real property. iJN1FURM CUVENANTS. Borrower and Lender covenant and agree as follows: i. Payment of Principal, Interest, .F,scrow .Items, Prepayment Charges, and Date Charges. Borrower shall pay when due the principal of acrd 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 Notre and this Security Instrument shall be [Wade in U.S. currency. I-Iowev~r, if any ch<~k or other instrutncnt rcceivcx! by Lender as payment under the Note or this Set-ttrity Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instnunent be trade in one or more of the following forms, ac selected by .Lender: (a) cash; (b) -Ttoney order; (c) certified check, bank check, treasurer's check or cashier's chulc, provided any such check is drawn upon an instittrtion 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 [:nay be designated by Lender in accordance with the notice; provisions in Section 15. Lender [nay return any payment ar partial payment if the payment. or partial payments are insufficient to bring the Lean current. Lander may accept any payment or partial payment insufficient to bring the Loan. c-ttrrent, 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 to apply such payments at the time such payments are accepted. 1f each Periodic Payment is applied ag of its scheduled due date, then Lander need not pay interest on unappl.ied tiuads. Lender tray hold such unapplied funds until Borrower makes payment to bring the Laaa~ current. If Borrower does 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 forecaosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Bcrrrowcr front making payments due under the Note and this Sectrity Inst.rulne-tt ar performing the covenants and agrec;rnents scc:ured 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 '.Nate; (b) principal due under the Note; (c) ata~aunts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it becatxte due. Any retraining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If .Lender receives a payment from .Bo.rrower for a delinquent Periodic I'aytrent which includes a suftic.ient amount to pay any late charge due, the payment may be applied to the delinquent payment anti the late charge. if more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Pericxlic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Paytrents, such excess may be applied la any late charges due. Voluntary prepayments shall be applied first to any prepaytrcnt charges acrd then a5 described in the Nate. Any application of payments, .insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall rat extend or postpone the due date, or change the amount, of the Periodic Paytrents. 3. Funds far ESCYOW Items. Forrower shall pay to Lender on the day Periodic Payments are; due under the Note, until the Note: is paid in full, a sum (the "Funds") to provide for payment of amounts due Far: (a) taxc~ and assessments and other items which can attain priority aver this Security Instrun~tent as a lien or encumbrance on the Property; (b) leasehold payments ar ground rents on the Property, if any; (c) premiums for any and all instuance required by Lender under Section 5; and (cl) Mortgage Insurance 8800745200 8800745200 NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MFRS -6A(NE) toeiol Peq~ a of is ~nn~a~s; .~ Farm 9028 1101 m 7```