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201000521 BORROWER COVENANTS that Bornnwer is lawfully seised of the Mate hereby conveyed and has the right th grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title th the Property against all claim aril demands, subject to any encumbrances of record. TIIIS SECURTTY INSTRUMENT combines wrifornr covenants Cor national use and non-uniform covenants with limited variation by jurisdiction b constitute a uniform security instrument covering real property. UNIFORM 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 orb the debt evidenced by the Note aril any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Paymenrts due under the Note aril this Security hrslrument shall be made in U.S- cumency. However, if any check or other instrwrrent received by Lender as payment under the Note or this Security hrsinuneni is relurrred in Lender unpaid, Lender may require that any or all subsequent paymerds due antler the Noie and this Security Instrument be made in one or more of the following 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 inured by a federal agency, instromenWity, or entity; or (d) Electronic Funds Tr~fer. Payments are deemed received by Lender when received at the location designated in the Note or ai 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 inufficient th 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 to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need Trot pay interest on urrapplied funds. Lender may hold such wrapplied funds until Borrower rrrakes payment to bring the Loan current. If Borrower does not do so within a reasonable period of ame, Larder shall either apply such furxls or return them io Borrower. If not applied earlier, such funds will be applied to the ouisiardirrg principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from malting paymenrts due under the Note and this Security Instrument or perl'ornning the covenants and agreements secured by this Security h75irument. 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 Note; (b) principal due under the Note; (c) amounts dine under Section 3. Such payments shall be applied tv each Periodic Payment in the order in which it became due. Any renrairuing amounts shall be applied first io late charges, second m arty other amounts due order this Security Irtshturrent, and then to reduce the principal balance of the Note. U 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 Periodic Payment is outstanding, Larder maY ~I~Y ~Y paynnent received from Borrower to thc repayment of the Periodic Paymenrts if, and to the extent that, each payment tau be paid in fart. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied th any late charges due. Voluntary prepayments shall be applied Fwrst to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal titre under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower stroll pay th Lender on the day Periodic Payments are due under the Note, unfit the Note is paid in full, a sum (the "Furrds'~ 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 or encumbrance on the Property; (b) leasehold paymerds or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance 001121095467 CitiMortgage 3..29.66 V3 NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WIT ~-BA(NE) iosio~ ~ a of 15 tr;ciais: Form 3028 1101