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2oioo�43i BORROWER CQVENANTS that Bprrower is lawfully seised of the estate hereby conveyed and has the right ta grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against a11 claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniforrn covenants with limited variations by jurisdiction ta constitute a uniform security instrument covering rea� property. UNIFORM COVENANTS. Borrawer and Lender covenant and agree as follo�vs: l. Payment oF Principal, Ipterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayrnent charges and late charges due under the Note. Borrower shall also pay funds Por Escrow Ttems 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 L.ender unpaid, I.ender may require that any or all subsequent payrnents due under the Note and this Security Instrument be made in pne or rnore 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 depasits are insured by a federal agency, instrumentality, or entity; or (d) �lectronic Funds Transfer. Payments are deemed received by L.ender when received at the location designated in the Note or at such other location as may be designated by I.,ender in accordance with the notice provisions in Section 15. L.ender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lendex may accept any payment or partial payment insuf�cient 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 L.ender is not obligated to apply such payments at the time such payments are accepted. If each Periadic Payment is applied as of its scheduled 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 Borcower does not do so within a reasonable period of time, Lender shall either apply such funds or retum them tp Bprrower. Tf nat applied earlier, such funds will be applied to the outstandin� 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 Barrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secursd 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) intexest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payrnents shall be applied to each Periodic Payrnent 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 Tnstrument, and then to reduce the principal balance of the Note. If T.,ender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payrnent rnay 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 Borcower to the repaymenC of the Periodic Fayments if, and to the extent that, each payment can be paid in full. Ta the extent that any excess exists after the payrnent is applied to the full payment of one or more Feriodic Payments, such excess may be applied to any late charges due. Valuntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall nat extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Ftinds for Escrow Items. Borrower shall pay to Lender on the day Periodic Paynnents are due under the Note, until the Note is paid in full, a sum (the "�unds") tp prpvide for payment of amounts due for: (a) taxes and assessments and other items which can atCain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by I.ender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS �-6AINE1 coaioi Page 4 of 16 iniciais: �_ Form 3028 9/09 III IIIIIIIII IIIIIIIIIII IIIIIIII IIIIIII II�III II III