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20iioo34o BORROWER COVENANTS that Borrower is lawfully seised of lhe estate hereby conveyed and has the right to grant and eonvey the Prvperty and that the Property is uncncunabered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Prnperty against all claims and demands, subject to any encucnbrances of record. THIS SECURITY INS'L'RUMENT combines uniform covenants for national use and non-uniform covenants with litnited variations by jurisdicLion to c:onstitute a uniform security instrument covering real property. UNIFOIZM COVENANTS. Bc�rrower and Lender covenant and agree as follaws: 1. Payment of Principal, Interest, Fscrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and intc� an, the debt evidenced by the Note and any prepayment eharges and late charges due under the Note. Borrower shall alsa pay funds for Esc;row Ilerns pursuant ta Sectivn 3. Payments dne under thc Noke and this Sccurity Instrumenl shall be made in U.S. enrrency. However, if any check or ather instrument received by Lender as payment uncicr the Notc or this Security Instrument is returned to I.ender unpaid, Lender may reyuire thal any or all subsequent payraent�s due nnder the Nate and this Security Instnunent be �nade in �ne nr mare of the following torms, a5 selectcd by I.,ender: (a) ca�h; (b) money order; (c) certified check, hank check, treasurer's check ar cashier's check, provided any such check is drawn upon an inslitution whosc dc~posits are inswed hy a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by I.ender when r�ceived at tl►e location designateci in lhe Note or at sneh other locatian as may be designated by Lender in accordance with tl�e notice provisions in Seclion 15. Lender may return any payment ar partial payment if ihe payment or partial payments arc insu�cient ta bring the Lnan current. I.,ender anay accept any payment or pariial payment insuf�cient to bring the T.oan cunent, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or parlial payments in the future, but Lencier is not obligated to apply such paymcnt�s at the time such paymenls are accepted. If each Periodic Payment is applied as of its scheduled dne datc, then I,ender need not pay interest on unapplied funds. Lencier may hald such unapplied funds until Barrawer miakes payment I� 6ring the Loan current. If Borrower does not do so within a reasonable period of time, I.ender shall either apply such funds or retum lhem lo Borrowcr. If not applied earlier, such funds will be applied lo the outstanding principul balance under the Note innmediately pri�r to foreclosure. Nu offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from malcing payments due urnler the Note and this Security Instrument or performing the covcnants and agreements secured by lhis Security Instnrment. 2. Applicakion oY Payments or Aroce�cls. �xcept as otherwise describeci in this 5eclion 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due nnder the Nate; (b) priru;ipal due under the Nate; (c) axnounts due uncier 5ec:lion 3. Such payments shall bc applied to eac:h Periodic Paym�nt in the order in which it became due. Any remaining amounts shall be applied �irst to late charges, second tc� any other amounts due undcr this Sccurity Instrument, and then to reduce the principal balance of the Not.e. If Lender receives a paynnent from Borrower for a delinquent Pcriodic Payment which inctudes a sufficient amount to pay any late charge due, the payment may bc applied to khe delinquent paymenl anci the late charge. If more th�w one Periodic Payment is outstanding, Lcndcr may apply any payment receivcxi fram Borrower to the rcpaymenk af the Periodic Fayments if, and to lhe exlenl that, each payment can be paid in full. To the extent khac any excess exists after the paymcnt is applied ta the full payment of one or more Periodic Payments, such excess may be applicd to any late charges due. Voluntary prepayments shall be applied first to any prepayment cbarges and then as described in the Noce. Any application of payments, insurance proceeds, vr Mitscellaneous Prnceeds tc> principal due under the Note shall not extend or postpaue the due dale, or change lhe amounl, uf lhe Periudic Payments. 3. �ndr t'or F�erow Items. &�rrnwer shall pay to Lender on the ciay Periodic Paymcnts are duc under the Note, until the Nate is paid in full, a sum (the "Funds") to provide for paymcnt of aznounts due Por: (a) taxes and assessments ancl other ilems which can auain priority over ttzis Security Instrument as a lieu or eneumbrance on the Praperiy; (b) leasehold paymenls or ground rents on the Property, if any; (c) premiums for any and all insuranr;e required by Lender under Section 5; and (d) Martgage insurance NEBRASKA - Sinqle Femily - Fannie MaelFreddie Mac UNIFOFiM (NSTRUMENT WITH RS �-eA�NE► �oa�c�1 Paqn 4 vt 16 i�;+�ai�: Form 3028 1/09 II I Inl�lll alil�� I�N � MII INI�I III