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2oioo7495 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Praperty is unencurnbered, except fpr encurnbrances of record. �orrower warrants and will defend generally the title to the Property against all claims and demands, subject ta any encumbrances of record. THIS SECLTRTTY INSTRUMENT cornbines uniform covenants for national use and non-uniform cavenants with lirnited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENAN"I'S. 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 on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrawer shall also pay funds for Escrow Items pursuant ta Section 3. Payments due under the Note and Chis Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note ar this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one or rnore of the following forms, as selected by I.,ender: (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 insured by a federal agency, instrumentality, or sntity; or (d) Electronic Funds 'I'ransfer. Payments are deemed received by Lender when receivsd at the location designated in the Note ar at such other location as rnay be designated by Lender in accordance with the notice provisions in Section 15. L.ender may return any payment or partial payrnent if the payment ar partial payments are insufficisnt to bring the I,oan current, Lender rnay accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuss such payment or partial payments in the future, but Lender is not obligated ta apply such payments at the time such payrnents are accepted. If each Periodic Payment is applied as af its scheduled due date, then L.ender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower znakes paymenC to bring the Loan current. If Borrower does not da sa within a reasonable period of time, L.ender shall either apply such funds or return them to Barrower. If noC applied earlier, such funds will be applied to the outstanding principal balazice under the Note i�nimediately prior to foreclosure. No offset or clairn which Bprrower might have now or in the future against Lender shall relieve Borrower frorn nnaking payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrumsnt. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by I.ender shall be applied in the following order of priority: (a) interest due under the Npte; (b) principal due under the Note; (c) arnounts due under Section 3. Such payments shall be applied to each Periodic Payment in the arder in which it becarne due. Any rernaining amounts shall be applied first to late charges, second to any oCher amounts due under this Securzty Instrument, and then to reduce the principal balance of the Nate. Tf Lender receives a payment from Borrowsr fpr 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 rnoxe than one Periodic Payment is outstanding, I,ender 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 prepay�nents shall be applied first to any prepaymsnt charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds ta principal due under the Note shall npt extend or postpone the due date, or change the amount, of the Periodic Fayments. 3. Ftinds far Escrow Items, Borrower shall pay ta Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to pravide for payment of amounts due for: (a) taxes and assessments and other iterns which can attain priority ov�r this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents an the Property, if any; (c) premiurns for any and all insurance required by Lender under Section 5; and (d) Martgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7 WIT �-6A�NE►1os�o� P8ge4pf16 in�t�ais: ( Form3028 1/01 � �� G-rJ/ q03225�24911 0233 364 0415