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201048664 BORROWF..R COVENAN'I'S lhat Bcrrrower is ls�wfully tiei:�ecl of the e5lale hereby conveyecl and hati the right to grant and convey the Property and that the Property is unencum6ered, except for encumbr�nces of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record_ '1'HIS SECURI"1'Y INS'1'RUMEN'f combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security insirument covering real property. UNIFURM C.OV�NAN'1'�. Borrower and Lender covenant and agrec as follows: 1. Paymept of Principal, Int�rest, Eserow Item�, Prepayment Charges, and Late Charges. Bortower shall pay when due the principal of, and interest on, the de6t evidenced by the Noie and any prepayment charges and late charges dua under the Note_ F3ortawer shall also pay funds Fot Escrow Items pursuant to Section 3. Payments duc under the Note and this Sec:urity Instnunent :�hall be made in U.S. ciurcncy. Howcvet, if any check or other instrument rec:eived by Lendet as payrnent under the Note or this Security Instrument is returnr� to Lendet unpaid, Lendet may require that any or all subsequent payments due under the Noie and this Security Instrurnent be made in one or more of the followin� fnrms, as sclected by Lendet: (a) cash; (b) moncy ordcr; (c) ccrtified chc�ck, bank chc°ck, treasurct's chcck or cashier's chcck, providcd any such chcck is drawn upon an institution whose dcposits arc 'rnsurcd by a federal agency, instrumentality, or entiiy; or (d) Ele�tronic Funds Transfer. Payments are deemed re�eived by I,ender when received at the location designated in the Note or ai such other locaiion 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 insufficient to hring the Loan cuttent. Lendcr may acccpt any paymcnt c�r pattial paymcnt insufficient to bring thc Loan cnrrent, without waiver of any rights hcrcunder or prejudice to its rights to refusc such paymcnt or partial payments in the future, but Lender is not obligaied to apply such payments at the time such payments are acccpted. if cach Periodic Payment is applicd as of its schccluled duc date, then Lender neod not pay interesi on unapplied funds. Lender may hold such uns�pplied funds until Bortower makes payment to bring the Loan current. If Bonower does not do so wilhin 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 prineipal balance under the Note immediately ptior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Fiorrower frorn making payuients due under the Note and this Security Instrument ot petfotming the covenants and agreements sc�ured hy this �utity Instrument. 2. Applica4on af Payments or Proceeds. Except as othetwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the followin� order of prinrity: (a) interest due under the Note; (b) principal due under the Notc; (c) amounts due undet Section 3. Such payments shall be applied to each Periodic Payment in the order in which it becaine due. Any reinaining ainounts shall be applied �rsi to late charges, second to any othet amounts due under this 5ecurity Instrument, and lhen to reduce the ptincipal balance of the N��te. If Lender receives a payinent from Borrower for a delinquent Periodic Payment which includes a snfficient arnvunk io pay any late charge due, the payment may be applied to the delinquent payment and the late charge. Tf inore than one Periodic Payia�ent is outstanding, Lender may apply any payment received &om $otrowet to the repayment of the Periodic Payinents if, and to the extent that, each payment can be paid in full. To the extent that any excess exist� aftet the payment is applied to the full payment of one or mc>re Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment chatges and then as dascribed in the Nvte. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Npte shall not extend or postpone the due date, or change the amount, of th� Periodic Paymenty. 3. Funds for Escrow Items. Bortcrwer shall pay to Lender on the day Periodic Fayment� ate due undet the Note, until the Note is paid in full, a suin (the "Funds") t<� provide for payment of arnounts due for: (a} taxes and assesernents and other items which can attain priotity ovet this Security Instrument as a lien or e[icumbrance on the Property; (b) leasehold payuients or ground rents on the Property, if any; (c) premiums for any and all insurance reyuired by Lender under Section 5; and (d) Mortgage Insutance 3461498 3461498 NEBIa4SKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT VYI MERS, �-6A(NE)�oeio� P8ge4 of 15 Initials Farm 3028 1/01 (+03D05 3461498