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201008469 HORROWER COVENANTS that Borrawer 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 dez�nands, subject to any encumbrances of record. THIS SECURITY TNSTRUMENT combines uniform covenants for national use and non uniform covenants with limited variatinns by jurisdiction to constitute a uniform security insirurnent covering real PrpP�Y• UNIFORM COVENANTS. Borrower and Lender covenant and agree as fol.lows: 1. Payment of Principal, Interest, Escrovv Items, Prepayment Charges, and Late Chargea. Borrower shall pay when due the principal o F, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under thc Note and this Security Instrument shall be made in U. S. currency. However, iF any check or other instrurnent rec�ived by Lender as payrnent under the Note or this Security �nstrument is returned to L,ex►der unpaid, Lender may require that any or all subsequent payments due undcr the Note and this Security Tns�ument be made in one or more of the following forims, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer' s check or cashi�r' s check, provided any such check is drawn upon an ir�itution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Fuinds Transfer. Payrnents are deemed received by Lender when received at the location designate�l in the Nota or at such other location as may be designated by Lender in accordance with the notice provisions in 5ection 15. Lender may return any' payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender rnay accept any paynnent or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnent or partial payments in the future, but Lender is not obligated to apply such payments at the tirne 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 Borrowcr makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of tirne, 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 irnmediately prior to foreclosure. No offset or claim which Sorrower might hava now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Inslrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Pa�ments or Proceeda. Except as otherwise described in this Section 2, all paynaents accepted and apphed 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 payments sha11 be applied to each Periodic Payrnent in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under tliis Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Barrower for a delinquent Periodic Payment which includes a sufficient �nount to pay atry late charge due, the payment may be applied to the delinquent payrnent and the late charge. If rnore than one Periodic Payment is autstanding, Lender may apply any payment received frorn Sorrower to the repayment of the Periodic Payments if, and ta th� extent that, each payment can be paid in full. To thc extent that any excess exists after the payment is applied to the fu11 payment af one or more Periodic Payments, 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 Nate. Any application af payments, insurance proceeds, or Miscellan,eous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payrnents. 3. �nd� for Eecrow Item�. Borrower shall pay to Lender on the day Pe�iadic Payments are due under the Note, until the Nota is paid in full, a saxn (tlae "�unds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encurnbrance 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 Sect�irna S; and (d) Mortgage Insurarxce 2200068229 D v6� NFHRASKA - Single Family - Fannle Mae/Freddla Mac 11NIFORM INSTRUMENT WIT� r �-6A�Nq IOet01 Pepe 4 of 15 Initials: Fom1 3D28 7/p1 c�