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2oloos�2i 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 W�rr defend generally the title to the Praperty against all clairns and dernands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIPORM COVENANTS. Borrouver and Lender covenant and agree as follaws: 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 Nate and any prepayment chaxges and late charg�s due under the Note. Borrower shall also pay funds far Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be rnade in U.S. currency. However, if any check or other instrument received by I,ender as payment under the Note or this Security Instrument is returned to l,ender unpaid, Lender may require that any or all subsequent payments due under the Not� and this Security Instrument be made in one or more af the following forms, as selected by L.ender: (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 deposits are insured by a federal agency, instrurnentality, or enCity; oar (d) Electronic Funds Transfer. Payments are deerned received by Lender when received at the location designated in the Note or at such other location as may be designated by L.ender in accordance with the notice provisions in �ection 15. Lender rnay return any payment or partial payments if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan cutrent, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but I.,ender is not obligated to apply such payments at the time such payments are accepted. If each Periadic Payment is applied as of its scheduled due date, then I.ender need not pay interest on unapplied funds. �,ender rnay hold such unapplied funds until Borrower makes payrnent to bring the I,oan current. If Borrower does not do so within a xeasonable 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 iznmediately prior to fareclosure. No offset ar claim which Borrower rnight have now or in the future against Lender shall relieve Borrower from making payrnents due under the Noce and this Security Instrument or performing the cavenants and agreements secured by this Security Instrument. 2. Application of Payments or Praceeds. 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 payments sha11 be applied to each Periadic Payrnent in the order in which it became due. Any remaining amounts sha11 be applied first to late charges, second to any other NEBRASKA -- Single Family -- Fannle MaelFrodd4 Mac UNIFpRM INSTRUMENT Form 3(1�28 1! GCC - G3028-04 (09/Ol) (Page 4 of 19) Initials: