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2010Q9120 SORRDWER COVENANTS that Borrower is lawfully seised af tt�e estate hereby conveyed and has the ri�ht ta grant and cnnvey the Property and that the Praperty is une�tcumbered, except far encumbrances af record. N�orrnwer warrants and will defend generally the title tv the Prvperly against all claims and demands, subject to any �ncambrances af recard. 'C'H[S 5ECUR�TY I�fSTRUMENT cornbines uniform c�venants for nadanal use and non-unifarm covenants with timited variations by jeu'isdiction la caristitut� a uniform security instrument eovering real praperty, UIVIFQRM C�V�NAt�TS. Borrawer and Lender cnvenant and agree as follows: 1. Payment of Pri�cipal, Interrat, Escrow ltems, Prepaymcnt Charges, and Late Charges. $orrvwer shall pay when due the principal of, and interest on, the debl ewideneed �y the Not� a.ttd any prepayment charges and late charge5 due under the I�1ote. Barrawer shall alsa pay Funds far Escraw I�ems pursuant to 5ectean 3. Paymen�s due under the Note and this Securiry Iustrument shall be inade in U.S. currency. However, if any Check ar other instrwnent r�ceived by L�nder aS paymenl under the Nqte nr this Security Instrurnent is returned tn Lender unpaid, Lender �ay require that any ar all suhseyuer�l payments due under the Note and thls Se�uc[ty Instrurnent be made in one or more of lhc following forms, as selected by Lender: (a) cash; (h) rnoney order; (c} certit3ed check, bank check, treasnrsr's eheck or cashier's cheek, provided any such check is �rawn upnn an inslitution whase depnsits are insured by a f�dec�al agency, instnuneataliiy, or entity; or {d) �lectronic Funds Transfer. Payments are deemed recei�ed by Lender wh�n received at the locatis�n designated in the IVote or at snrh other lo�ation as may be designated by Lender in accordance with Ihe nvtice provisions in Sectian 15. Lender may return any payment or partial paymenc if the payrr�ent ar partial payments are i�rsu(�zcient ko bring the Loan current. Lender may aecept any paymenl ar partial payment insufticient to bring Ihe Laan current, withau� waiver of any rights hereunder vr prejudice to its rights to refuse such payment ar parkial payments �n the future, but Lender is not abligated to apply such payrnenis at Ihe tirne such payments are accepted. If each Periodic Payment is applied as af its scheduled �ue date, then Lender need na� pay intere5t on anapplied funds. L.ender may hald sueh unapplied funds until Barrawer rr�akes paymeni ta bring the [.oan current. [f Borrower dnes not do so within a reasanable periad nf time, Lender shall either apply such funds ar retucn thern to Barrawer. If r►ot �pplied e�`lier, such funds w�ll be applied to the aatstanding principal balance under the iVoie immediately prior ta fnreclosurc; �Io offset or claim which Barrower m�ght have norw ur� in the future a�ainst �.ender Shall relleve Barrawer from making paym�nts due under ihe Afote and this Security lnstrument ar p�rforming the covenants and agreements secured by lhis Security Instrument. 2. Application of Payimcu#s or Pro�e�ds, Except as othen�vise (1�5C1`tb� in [his Section 2, all paymenis accepted and a�plied �y Leryder shall be applied in th� follpwing order of priarity: (a) interest due under the Nate; {1�) pr�ncipal due under the Nole; (c) amount� due under Sectinn 3. Such payments shall be applied to each Periodic Payment in the arder in w6ich it became dwe. Any remaining amounts shall be applied �rst iu late charg�s, seennd Io any other amaunis due under lhis Security Instrumenk, a�d then tn m�uce thc principal 6alance of the Note. If Lender receives a payment from Borrow�r far a delinquent Perivdic Payment whi�h includes a suf#icient amauni to pay any late char�e due, the payment way be applied to the deliRquent payrnent and the late charge. If mare thari one Perio ic Paymeni �s outstandfn�, L�nder may apply any payment rec�ived f'rom B�rrower to the repayrnent o�' the Periadic Paymenks if, and tv ihe extent ihat, each payment can be paid in full. Ta the ext�nt that any excess exists after ihe payrnent is applied to Ehe full payment af one ar moce Periodic Payments, such excess may he applied ta any late charges due_ l�oluniary prepaymenls shail be applied tirst to any prepayrnent c�ar�es and chen as descri6cd in the Note. Any application of payments, insurance proceeds, ar Miscellan�ous Proceeds to principal due under the Note shall not extend nr postpone the due date, or change d�e amaunt, vf the Periodic Payments. 3. Funds for Escraw Items. Borrower shaU pay to Len�er �n We day Periodic Payments are due under the Note, unril !he Nvte is paid in full, a surn (the "Funds") to provide For paymen� of amou�ts due for: (a) taaces and assessments and other i�ems which can attain priarity a�er th'rs Security lnstrum�nl as a lien ar encumbrance nn the Properly; (b) leasehold paymenls ar graund rents an the Praperty, if any; (c) premiurns far any and all insurance required by Lender under Section 5: and (d} Martgage �nsurance �Q1t22267�33 �itiMertgage 3.2.42.0'� Y4 IVE�3RASKA - Singla Family • Fannle MaelFreddie Mac LfNIFQFiHt INSTRUMBVT WII�� ��p(NE} (oaio) Paga 4 of 15 m�tia�s: FOrm 3D�8 1l04