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20100'7154 H~R.ROWER COVENANTS that Harrower 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 far encumbrances of record. Horrawer 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. Harrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Pr~epaym~t Charges, and Late Charges. Horrower shall pay when due the principal of, and interest nn, the debt evidenced by the Note and any prepayment charges and. late 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 Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Nnte and this Security Instrument be made in one or mare of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check ar cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrwtaentality, ar entity; nr (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 to bring the Laan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lenderrs 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. Caroler may bold such unapplied funds until Borrower makes payment to bring the Loan current. If Harrower does oat do so within a reasonable period of time, Lender shall either apply such fins or return them to Harrower. If oat applied earlier, such furuls will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Harrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Nate 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 Nate; (b) principal due under the Nate; (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 then to reduce the principal balance of the Nnte. if Lender receives a payment from Hormwer far 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, Lender may apply any 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 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 W any prepayment charges and then as described in the Nate. Any, application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Nate shall oat extend or postpone the due date, ar change the amount, of the Periodic Payments. 3. Fends for Escrow Items. Harrower shall pay to Lender an the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "flrnds") to provide fnr payment of amounts due for: (a) taxes and assessments and other items which can attain priority aver this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents nn the Property, if any; (e) premiums for any and all insurance required by Lender under Section S; and (d) Mortgage Insur~arrce NEBRASKA -Single Family -Fannie Mee/Freddle Mac UNIFORM INSTRUMENT WITHERS -6A~NE) (0610) Page 4 of 16 Initial . Form 3a28 1/a7 n ' 1" ~+ ~I I~III~~~~~ ~ ~III~I~I~~ ~03745151tl09 OZ33 179 tl415