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2oioo7s2� 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 Property is unancumbered, except for encumbrances of record. Borrower waxrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTItUMENT combines uniForm covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instruYtient covering re�,l property. IJNIFORM COVENANTS. �3orrower 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 aaad any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escruw Itams 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 instrurnent received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, L,ez�der may require that any or all subsequent payments due under the Note and this Security Instrument be made in one ar more of the following farn�s, as selected by Lender: (a) cash; (b) maney order; (c) certified check, bank check, txeasurer'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 deemad received by Lender when received at the location designated in the Nate 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 payrnents are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient 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 Lender is not obligated to apply such paynnents at the time such payments are acccpted. If each Periodic Payment is applied as af 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 Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower rnight have now or in the future against Lender shall relieve Barrower from making payments due under the Note and this Security Ins�rument or performing the covenants and agreements secured by this Security lnstrument. 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 otder of priority: (a) interest due under the Note; (b) principal due under the Nate; (c) amounts due under Sectinn 3. Such payments shall be applied ta each Periodic Payment in the order in which it became due. Any remaining amounts shall bc applied first to latc charges, second to any other amaunts due under this Security Instrument, and then ta reduce the principa] balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amaunt ta 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 firom Horrower 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 �rst 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 not extend or postpone the due date, ar change the amount, of the Periodic Payments, 3. Funds for Escrow Items. Barrower shall pay to Lender on the day Periadic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment aF amounts due for: (a) taxes and assessments and other iterns which can attain priority over this Security Instrurnent as a lien or encumbrance on the Property; (b) leasehald payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Sectian 5; and (d) Martgage Jnsurance 88D0885775 8800885775 NEBRASKA - Single Family - Fannle Mae/Freddie Mac UNIFORM INSTRUMENT WITH MER �-BA(N6) �oato� Page4 of 15 i��t�ais: Form 3028 1101 � [/� �/!