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201007694 SORROWER 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 unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances af record. THIS SECURITY INSTRUMENT combines nniform covenants far national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real prnperty. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escraw Items, Prepayment Charges, and Late Charges. Bnrrower shall pay when due the principal uf, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Sorrower shall also pay funds for Escrow Items pursuant to Section 3. Payments dae nnder the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payrnent under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all sabsequent paymenks due under the Note and this Security Instrument be made in one or more of the following forms, as selected hy Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn apon an institution whase deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received 6y Lender when received at the location designated in the Note or at sach other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payrnent or partial payment if the payment or partial payments are insufficient to bring the Loan cnrrent. Lender may accept any payment or partial paym ent insufficient ko bring the Loan cuirrent, without waiver of any rights hereunder ar prejudice to its righrs to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payrnent is applied as of irs scheduled due date, then Lender need not pay interest on unapplied funds. Lender rnay 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 snch funds or return them to Borrower. If not applied earlier, snch funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosnre. No offset or claim which Barrower might have now or in the future against Lender shall relieve Sorrower from making payments due under the Note and this Security Instrument or perfarming the covenants and agreements secured by this Security Instniment. 2. Application of Payments or Proceeds. Except as otherrvise 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 Note; (b) pz'incipal due under the Note; (c) amounts due under Section 3. Such payrnents shall be applied to each Peniodic Payment in the order in which it became due. Any remaining amonnts 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 Sorrower for a delinquent Periadic Payment which includes a sufficient arnount to pay any late charge due, the payment may be applied to the delinquent pay�ment and the late charge. If more than one Periodic Payment is oatstanding, 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 fall. To the extent that any excess exists after the payment is applied to the fpll payment of une or more Periodic Payrnents, 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. Any application of payments, insurance proceeds, or Misceltaneous Proceeds to principal due under the Note shall not extend or pnstpone the due date, or change the amount, of the Periodic Paynr►ents. 3. Funds for Escraw Items. Barrower shall pay to Lender on the day Periodic Payments are due under the Nate, antil the Note is paid in full, a sum (the "Funds") to provide for payment of amnunts due for: (a) taxes and assessments and other items which can attain 'priority over this Secarity 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 Lender under 5ection 5; and (d) Mortgage Insurance 001122166041 CitiMortgage 3.2.41.05 V3 NESRASKA - Single Family - Fannle Mae/Freddie Mac UNIFpRM INSTRUMFNT WIT �-BA(N� (osio� Page 4 oi 15 Initials:�� Form 3028 1/01