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2Q1049594 azz�vs66�a with law or custom, M�RS (as nominee for Lender and Lender's successors and assigns) has the right; to exercise any or all of those interests, including, but not limited to, the right to foreclose and scll the Property; and to take any action required of Lender including, but not limited to, releasing and cancelin� this Security Instrument. BpRROWER 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 cncumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURTTY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdictian to canstitute a uniform security instrument covering real property. UNIFORM COV�NANTS. Borrower and Lender covenant and agree as follows: 1. Payment af Principal, Interest, �scrow Items, Prepayment Charges, and Late Charges. Borrawer shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges duc under the Note. Borrower shall also pay funds for Escrow Items pursuant to Scction 3. Payments due under the Note and this Security lnstrument shall be made in U.S. currency. Howcver, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all suhsequent payments due under the Not� and this Security Instrument be made in one ar more of the following forms, as selectcd by Lender: (a) cash; (h) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose dcposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are decmed received by Lcndcr when received at the location desi�nated in ihe Nofe or at such other locatian as may be designated by Lender in accordance with the notice provisions in 5ection I5. I,ender m1y return any payment or partial paymcnt if the payment or partial payments are insuf�cient to bring the Loan current. Lcnder may accept any payment or partial payment insufficient to brin� the Loan current, without waiver of any rights hereundar or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments ar� accepied. lf each 1'eriodic Paymcnt is applied as of' its scheduled due daca, then Lendcr need not pay interest on unapplied funds. Lender may hold such unapplied funds until $orrower makes paym�nt 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 Bonower. If not appliad earliar, such funds will bc applied to the outstanding principal balance under th� Note immediatcly prior to foreclosure. No oftset or claim which Borrower might have now or in thc future against Lender shall relieve Borrower from n�aking paymenis due under the Note and this Sccurity Instrument or perf'orming the covenants and agreements secur�d by this $ecurity Instrument. 2. Application of Payments or C'roceeds. �xcept as otherwise described in this 5ection 2, all payments accepted and applied by Lender shall be applied in the following order of ptiority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due undar Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amaunts shall be applied firsl to late charges, second to any other amaunts due under this Security Tnstrument, 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 charga due, the paymcnt may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply 1ny payment received from Borrower to the repayment of the Periodic Payments if, and to the axtent that, each payment can be paid in full, To the extent that any excess exists atter the payment is applied to the full payment of one ar more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment chargcs and then as described in the Note. Any application of paymcnts, insurance prpceeds, or Miscellaneous Procecds 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. Borrnwer shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") 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 encumbrance on the Property; (b) leasehold payments or ground rents on thc Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) NEBRASKA--Single Pamily--Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT � 338.2 Page 3 of 12 Form 30Z8 1/U1