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�oiiao3�� BORROVJ�R COVENANTS that Borrower is lawfully seised o.f the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of recnrd. Bazrower warrants and will defend generally the title to the Prpperty against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRLTMENT combines unifarm covenants for national use and non-unifarrn covenants with limit�d variations by jurisdiction to constitute a uniform security insirument covering real property. UNLFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Barz'ower shall pay when due the principal of, and interest on, the debt evidenc�i by the Note and any prepaytnent charges and late chazges due under the Notc. Sorrower shall also pay funds for Escrow ItemS pursuant to Section 3. Payments due under the Note and this Securrty Insirument shall be made in i].S. currency. However, if any check or other ►nstrument receiv� by Lender as payment under the Note or this Security Inshument is returned to Leuder unpaid, Lender rnay require that any or all subsequent payments due under the Note and this Security �nstrument be made in one or tnore of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurcr'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) Electronic Funds Transfer. Payxnents are deemed receiv�d by Lender when received at the Iocation designated in the Nate or at such other location as may ba designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufCcient to bring tha Loan current. Lender may accept any payxnent or partial payment insufficient to bt`ing th� Loan current, without waiver of any rig�ts hereundex or prejudice to its nghts to refuse such payment or partial payments in the future, but Lender is not obligat�i to apply such payrnertts at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest un unapplied funds. Lender may hold such unapplied funds until Borrawer makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either appiy such funds or return them to Borrower. Tf not applied earlrer, such funds will be applied to the outstartding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Bprrower from rnaking payments due under the Note and this Security Instrurnent or performing the covenants and agreements se�ured by this Security Instrument. 2. Applicat�on of Payments nr Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender sha11 be applied in the followir�g order of priority: (a) interest due under the Note; (h) principal due under the Note; (e) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall he applied �rst to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. if Lender receives a payment from Borrower fpr a delinquent Periadic Payment which includes a sufficient arnount to pay any late charge due, the payment xnay be applied ta the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, T,ender may apply any payment received from Bc�rrawer to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in fu11. To the extent that any e�ccess exists after the payment is appliad to the full payment of one or more 1'eriodic Payments, such excess may be applied to any late charges due. Volur�tary prepayments shall be applied �rst to any prepayment charges and then as described in the Note. Any appHcation oF payments, rnsurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, o►' change the amount, of th� Periodic Payments. 3. Ftinds for Escrow Items. Bc�rrower shall pay to Leander on the day Periodic Payments are due under the Note, until the Note is paid in fixll, a sum (the "Funds") to provide for payment of arnounts 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 the Property, if any; (c) pre[niums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance 2200091456 A V6ANE NEBRASKA - Single Family - Fannie Mae/Freddle Mac UNIFORM (NSTRUMEN7 WITH ( 5 -' �-6A�N� 1oa�oi PaBe 4 of 15 Ini6els: � Form 3028 1/01 �