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2oiooso4o BORROWER COVENANTS thaC Borrower is lawfully seised of the estate hereby conveyed and has the right ta grant and convey the Property and that the Fraperty is unencurnbered, 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 of record. THIS SECURITY INSTRUMENT cornbines uniform covenants for national use and non-uniform covenants with lirnited variations by jurisdiction to constitute a unifarm 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, a�nd interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall aiso pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this 5ecurity 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 ta Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instzument be made in one ar more of the following forms, as selected by Lender: (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 deposzts are insured by a federal agency, instzumentality, or entity; or (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 1S. Lender may return any payment or partial payment if the payment ar partial payments are insuf�cient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the L.oan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment ar partial payments in the future, but Lender is not obligated to apply such payments at the time such payrnents are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender znay hold such unapplied funds until Barrower makes payment ta bring the Loan current. If Borrower does not do sa within a reasonable period of tirne, Lender shall either apply such funds or return them to Borrowear. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foxeclosure. Na affset ar claim which $orrower rnight have now or in the future against Lender shall relieve Borrower from making payments due under the Note 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 payrnents accepted and applied by Lender shall be applied in the following order of prioxity: (a) interest due under the Nate; (b) principal due under the Note; (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, secand to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient arnount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Feriodic FaymenC is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payrnent can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or rnore Periodic Payments, such excess nnay 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 applicaCion of payments, insurance proceeds, or Miscellaneous Praceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Fayments. 3. Fands 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 "�unds") to provide for payment of arnounts due for: (a) taxes and assessments and other items wlnich can attain 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 Lender under Section 5; and (d) Mortgage Insurance 2200067769 ri V6AN� NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INS7RUMENT WIThi�M�RS � �-6AINE) �os�o� Pege4of 15 Initials:�� Form 3U28 1/U1 0