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2o1oos4o2 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 unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Praperty against all claims and demands, subject to any encumbrances of record. THIS �ECi1RITY INSTRUMENT combines uniforrn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform secu�ity instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Eacrow Itema, Prapaymant 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. $orrower shall also pay funds for Escrow Items pursuant to 5ection 3. Payments due under the Note and this 5ecurity Instniment shall be made in U.S. currency. However, if any check or other instrttment received by Lender as payment under the Note or this Security Tnstrument is returned ta Lender nnpaid, Lender may require that any or all subsequent payments dae under the Note and this Security Instrument be rnade in one or more of the followin� forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer s check or cashier's check, prnvided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Fands 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 15. Lender may return any payment or partial payment if the payment or partial payments are insuf�icient ta hring the Laan current. Lender may accept any payrnent or partial payrnent insufficient to bring the Laan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial paynnents in the future, but Lender is not obligated to apply such payrnents 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 may hold such unapplied funds until $arrower 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 earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset ar clairn which Borrower might have now or in the future against Lender shall relieve Borrower from making payrnents due under the Note and this Security Instrurnent or perforrning the covenants and agreernents secured by this Security Instrument. 2. Applicatian 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 order of priority: (a) interest due under the Note; (h) 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 becarne due. Any remaining amounts 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 Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may he applied to the delinquent payment and the late charge. If more than ane Periodic Fayment is outstanding, 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 full. To the extent that any excess exists after the payment is applied to the full payment of one or rnore Periadic Payments, such excess rnay 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 Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Nnte is paid in full, a sum (the "Funds") to provide for payment o£ am:ounts due for: (a) taxes and assessments and other itezns which can attain priority over this 5ecurity Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) prerninrns for any and all insurance required by I.,ender under Section 5; and (d) Mortgage Insurance QQ112223bb52 Cit�ortgaga 3.2.42.07 V11 N�RASKA - Single Family - Fannie MaelFreddie Mac UNIFpRM INSTRUMBJT WITW M9�.S �-BA(NE� (os�o) Page 4 of �5 �nicie�s:�� Fom1 3028 1/01