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201Q060S3 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to rant and convey the Property and that the Property is unencumbered, except far encumbrances of record. Borrower warranes and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INS'T'RUMENT combines unifat'm Covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform senurity instrument covering real property. UNIFORM COVENANTS. Harrower and Lender covenant and agree as follows: 1. Payment of Prixi~rapal, Interest, Escrow items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest an, the debt evidenced by the Note artd any prepayment charges and Tate charges due under the Nate. 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 or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this 5ecurlty Instrument be made in one or mare of the followirt~ farms, as selected by Lender: (a} cash; (b} money order; (c) cert~ed 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 lS.' Lender may return any payment or partial payment if the payment ar partial payments are insuffrciem to bring the Loan current. Lender tray accept arty payment ar partial payment insufficient to bring the Loan current, without waiver of any rights hereunder ar prejudice to Sts rights to refuse such payment ar partial payments in the future, but T..ertder 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 not pay interest an unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds ar return them to Borrower. If not applied earlier, such funds will be applied to the outstanding 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 making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise destribed 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) rincipal 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 rerrmining amounts shall be applied fiust to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Nate. ' If Lender receives a payment from Boernwer far a delinquent Periodic Payment which includes a sufficient amount to pay arty late charge due, the payment may be applied to the delinquem payment and the late charge. If more than one Periodic Payment its outstanding, Lender may apply any payment received from Borrower to the repayment of the Periadie 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 Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Arty application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Nate sha11 oat extend or postpone the due date, nr change the amount, of the Periodic Payments. 3. Fumis for Escrow Items. Borrower shall pay to Tender an the day Periodic Payments are due under the Nate, until the Note is paid th full, a sum (the °Funds") to provide for payment of amounts due far: (a) taxes and assessments and other items which can attain priority aver this Security instrument as a Iien or encumbrance on the Property, (b) leasehold payments or ground rents on the Property, ~' any; (c) premiums far arty and alI insurance required by Lender under Section S; and (d) Mortgage Insurance 88DD859ZI9 880085927.9 NEBRASKA -Single Family -Fsnnle wlaalFreddie Mac UNIFQRM INSTRUMENT Wl ~~BA(NE)toetol ~ t~anri5 m~udt~ Farm 3028 1101