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2o�ooso95 BORROW�R COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Prnperty 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 of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdictian to cansHtute a uniform security instrument covering real property. UNIFORM COVENANTS. 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 prepayrnent charges and late charges due under the Nate. Borrower shall also pay funds for Escrow Items pursuant to 5ection 3. Payments due under the Note and this Security Instrument shall be rnade in U.S. currency. However, if any check ar other inswrnent received by Lender as payment under the Note or this Security Instrument is returned tn Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be nnade in one ar more af the follo�uving forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, pravided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrurnentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location desi�nated in the Nate or at Such other location as may be designated by Lender in accordance with the noticc provisions in Section 15. Lender rnay return any payrnent or partial payments if the payment ar partial payrnents are insufficient to bring the Loan current. Lender may accept any payment �r partial payment insufflcient to bring the Loan carrent, without waiver of any rIghts hereunder nr prejudice to its rights to refuse such payment or partial payments in the Future, but Lender is nat obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender rnay hold such unapplied funds until Borrawer makes payment to bring the Loan current. If Borrower does not do so within a reasanable period of time, Lender shall either apply such funds ar return them to Borrower. If not applied earlier, 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 Borrower from making payrnents due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Applicatian of Pay�ments or Prceeeds. 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) interest 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 arnounts shall be applied first to late charges, second to any other NEBRA$KA--SingleFamily--FannieMadFreddieM�aUN11r0YtMYNB'IRUMHS�TFarm3028 1/Ol � (3CC - (i3028-04 (09/Ol) (Page 4 of79) Initial�: