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2010Q986� BORROWER COV�NANT5 that Borrower is lawfully seised of d►e estate l�ereby conveyed and has t}ie ri�t�t to grant and convey die Property ar►d that the Property is un�ncumbered, except for encumbra�►ces of record. Borrower warrants and will defend general(y the title ta tl�e Property against all claims ar►d demands, subject to any encuir�brances nf record. THIS SECURITY INSTRUMENT combines urufor�u covena�►ts for national use ar�d non-miiform covenants with limited variations by jurisdicUon to constitute a ur�iforni security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Esorow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due die principal of, and interest on, the debt evide��ced Uy tl�e Nate and any prepayment char�es and late charges due under the Note. Borrower shall also pay fimds for Escrow Items p�usuar�t to Sectian 3. Payments due under the Note and U►is 5ecurity Instr�iment shall be made in U.S. r.urrency. However, if any cl►eck or od►er instriuiient received by Lender as payment i�nder the Nute ar this Sea�rity Instrument is returned to Lender unpaid, Lender may require that any or all snbsequent payments due under the Note and this 5ecurity Instriunent I�e made in one or more of the following forms, as selected by Lender: (a) cash; (u} 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, instrumentality, or entity; or (d} Electroiuc Fiu►ds Transfer. Pay�uents are dee�txed received by Lender when received at the location designated in the Note or at such other lacation as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment iF tlie payment ar parUal payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuf�icient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to reCuse such payment or p�rlial �ayments in die firture, but Lender is npt obligated to apply such payments at the time such payments are acr.epted. If each Periodic Payment is applied as af its scheduled due date, then Lender need not pay interest on �mapplied funds. Lender may liold such imapplied fi4nds ur►til Borrower iiiakes payment tv l�ring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return diem to Borrower. If not �pplied earlier, such fiunds will be applied to the outsta�iding principal balance under tlie Note immediately prior to foreclosurc. No o�'set or claim which Borrower might have now or i�► d►e fiiture against Lender shall relieve Borrower from n�aking payments due under We Note a►►d dYis 5ecurity Instrument or performing the covenants and agreemenis secured by d►is 5ecurity Instnuner�t. 2. Applicalion of Payments or Proceeds. Except as od►erwise described in d►is Seetion 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 dne rmder Section 3. Such payments st►all be applied to eacli Periodic Fayment in the order in whicl► it became due. Any rec�iaining a�ciounts shall be applied first to late charges, second to any otl�er amounts due under lhis Security Instrument, and then to reduce d�e principal balance of the Nnte. If Lender receives a payment from Borrower for a deli��quent Periodic Payment which includes a sufficient a�nount to pay any late charge due, the payment may be applied to die delinquent payment aud U►e late charge. If more than one Periodic Pay►nent is nulsianding, Lender may apply any payment received from Borrower to die repayment of tl�e Per[odic Payments if, a�icl to the extent that, each payment can be paid in frill. To the extent that any excess exists after d�e payment is applied to die full payment of one or more Perivdic Payments, such excess may be applied to any late charges due. "Voluntary prepayments shall be applied �rst to any prepaymeni charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due tmder the Note shall not extend or postpone the due date, or change the a�uount, of tlie Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due lmder the Note, until the Note is paid in full, a sum (tlie "Fimds") to prnvide for payment of amounts duc 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 the Property, if any; (c) premiut�is for any and all insurance requlred by Lender under Section 5; and (d) Mortgage Ins�Uance 001122305972 [001122308972] N RASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH ER5 � BA(N� (oe1o) Page 4 vf 15 �naia�s: � F01'rfl 3028 1l01