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2oiiooi35 BORROWER COVENANTS that Borrower is lawfully seised af the estate hereby conveyed and has tk�c right to grant and canvey the Property and that the Property is unencumbered, except for encumbrances af record. Borrower wan'ants and will defend generally the title to the Praperty against a11 claims and demands, subject to any encumbrances of record. THiS SECURITY INSTRUMENT combines uaiform covenants for national use and non-uni�orm cavenants with lirnited variations by jurisdiction to constitute a uniform aecurity instrument cuvering real ProP�Y• LINIFORM COVEN.ANT9. Borrowe� and Lender cove�yant and agree as follows: 1. Payment of Principa�, Interest, Escrow Items, Prepayment Chsrges, and Late Chsrges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note aind any prepayment charges and late charges due imder the Note. Borrower shall also pay funds far Escrow Items pursuant to Section 3. Payments due under the Nate and this Security Insmument shall be made in Yl. S. currency. Hpwever, if any checic or other instrument received by Lender as pay�ment under the Note or this Se�urity Inatrument is retuined to Lende�r unpaid, Lender may require that any ar all subsequent paymants due under the Note and this S�n'ity Instrumeut be made in one ar morB of the following forms, as selected by I.ender: (a) cash; (b) money order; (c) certi�ied check, bank check, treasurer' s check or caahier's ch�k, provided any such check is drawn upon an insl'itution whase deposits are insured by a federal agency, ins�umentality, or entity; or (d) Electromc Funds Tremsf�. Payments are deemed received hy L,ender when receiv� at the location designatefl in the Note or at such other Iqcarion as nnay be designated by Lendar in accordance with the narice provts�ons in Section 15. I,ender may rehu�n any payment or partial payment if the payment ox pardal payments are insufficient to bring the Loan current. Lender may accePt anY PaYment or pt�rtisl payment insuffiicient to bring the Loan current, without waiver of any rights hereimder or prejudice to ita rights ta refiase such payment or partial payments in the fuitu'e, but Lender is not obligated to apply such payiz�ents �t the tixne such paymants are accapted. If each Periodic Payment is applied as of its scheduled due date, t1�en Lender need nat pay interest on unapplied fuuds. Lender may hold such unapplied funds until Horrower makes payment to bring the Loan cucx'en� If Borrowar does not do so within a reasonable periad of time, Lender shall either apply such funds or return them to Boxrower. If not applied earlier, such fimds will be applied ta the outstanding pnincipal balance under the Nate immediiately prior to foreclosure. No offset ar claim wluch Borrower might have now or in the fuiure against Lender shall relieve Borrawer fronn mal�ng payments due under the Note and this Se�urity Instrumeat ar performing the covenants and agreements secured by this Security Instr�unent. 2. Applicatio�a of Paymeats or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of prirnrity: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. S�xch payments aha.11 be applied to each Periodic Payrnent in the order in which it became due. Any rernaining aanounts shall be applied first m late charges, se�oind to any other amounts due under this 5ecur►ty Instrument, and then to reduce the principal balance of the Note. If Leander receives a payment fronn Borrower fnr a delinquent Periodic Paymeut which includes a sufficicnt amount to pay any late charge due, the payment may be appliod ta the delinquent payment and the late charge. If more than one Periodic Payment is outstax►ding, Lender may apply any payment re�eived from Horrawer to the repayment af the Periadic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess e�cists after the payment is applied to the full payment of one ar more Periodic Payments, such excess nnay be applied to any late chargea due. Valuntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any �pplication of payments, insurance procceds, or Miscellazieous Proceeds to principal due ux►der the Note shall not extend ar postpone the due date, or chauge the amount, af the Periodic Pa�+ments. 3. F�nds for E�crow Item�. Borcower 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 pravide for payment of amounts due for: (a) taxes and assessments and ot�er items which can attain pnority over this Secuz^ity Inskn�ment as a lien ar encumbrauce on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance 2200081627 a v6� N�3RASKA - Single Family - Fannle Mae/Fraddle Mac UNIFORM INSTRUMEM WITH �-6A(NFa�aeio� Pe¢eaw�5 i��qa FormSD28 1/07