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20110237� BORROWER COVENANTS that Bonower is lawfully s�ised of the es� the right to grant and convey the Property and that the Property is unencumbe� of record. Botrower warrants and will defend generally the dde to the Pr demands, subje�t to any encumbrances of record. � THIS SECURITY INS'FRUMENf combines uniform c�venants for n$ oovenants with limited variations by jurisdidion to constitute a uniform se� property. ic � LTNIFORM COVENANTS. Borrower and i.ender oover.ant and agree �s i 1. Payment of Principal, Intertst, Escavw Items, Fiepayment �C� Borrower shaII pay when due the grincipal of, and interest on, the debt e�' prepayment charges and late charges due under the Note. Borrower shall a1� pwsaant to Sedi.on 3. Payments due under the Nate and this Ser.urity Insh'�� currency. However, if any check or other instrument received by Lender as pa1, Security Instrument is returned to Lender vnpaid, Lender may require that an! due nnder the Note and this Security Instrament be made in one or more selected by Lender: (a) cash; {b) money order; (c) cer 'af'ied check, bank cashier's check, provided any such check is drawn upon an institution who; federal agency, instrumentality, ox entity; or (d) Eledronic �tnds Traasfer. Payments are deemed received by Lender when received at the location such other location as may be designated by Lender in acc�rdance with the nol Lender nnay return any paymeni or partial payment if the paymenf or paziial briag the Loan current. Lender may accept any payment or partial payment i� current, without waiver of any rights hereunder ar pre�uclice to its rights to re payments in the future, but Lender is not obligated to apply such payments a accepted. If each Periodic Payment is applied as of its scheduled due dats interest on unapplied fnnds. Lender may hold such unapplied funds uutil Borrc the Laan current. If Borrower does not do so wit6in a reasonabie period of tu such funds or return them to Horrower. If not applied eariier, such funds will principal baIance under the Note immediately prior to foreclosure. No off5 migbit i�ave now or in the future against I.ender shall relieve Borrower from the Note and this 5ecurity Instrument or performic►g the cavenants and agreea Instrument. 2. Applecation of Payments or Prnceeds. Except as atherwise desc payments accepted and' applied by Lender shaIl be appIied in the fotlowin� c due under the Note; (b) principal ctue under the Nota; (c) amounts due und� shall be applied to each Periodic Payment in the order in whi�h it - became� c shall be applied first to late charges, second to .any other aznounts due unde� � ihen to xeduce the principal balance of the Note. If Lender receives a payment from Horrower for a deiinquent Periodic sufficient amount to pay any late charge due, the payment may be applied to the late chazge. If more than one Periodic Payment is outstanding, Lender may from Borrower to the repayrnent of the Periodic Payments if, and to the exten paid in full. To the extent that any excess exists after the paqment is applied tc more Periodic Payxnents, such excess may be applied to any late charges due. ` be applied first to any prepayment charges and then as descxibed in the Note. Any application of payments, insurance praceeds, or Misc�llaneaus Proc the Note shatl not extend or postpoae the due date, or change the amount, of th 3. Fands for Eserow Items. Borrower shail pay to Lender a� the day under the Note, until the Note is paid in full, a sum (the "Funds"} to provide for: (a) taxes and assessments and other items which can attain priority over t Iien or encumbrance on the Property; (b) leasehoTd payments or graund rents premiums for any and all insurance required by Lender vnder Sectian 5; a NEBRASKA - Single Famlfy - Fannb Mae/Freddie Mac UNIFORM INSTHUMEMIT W17 I� �-6A(NE} (08� o) aage a of rs inicbrs:�� hereby conveyerl and has except far �ncumbranoes ry against atl claims and �al use and nan-uniform instrument oovering real arg�, and Late Gfiarges. lenced by the Note and any pay funds for Escrow Items ment shali be made in U. S. ;aneac under the Note or this � or all subsequent payments of the following forms, as check, treasurer'S check or ;e deposits are insured by a lesignated in the Note or aE �e prov�sions in Section 15. �ayments aze insufficient to sufficient to bring the Loan use such payment or partial the tima such paymants are then Lender need not pay Ner makes payment to bring e, T,ender shall either apply e applied to the outstanding t or claim which Borrower aaking payments dne under ;nts secured by this Security �ed in this Section 2, all er of priority: {a) interest Sec�ion 3. Such payments . Any remaiuing amounts s Security Instrument, and Payment which includes a he delinquent payment and ipply any payment receive� that, each payment can be the full payment of one or �oluntary prepaymeats shall eds to principal due under Periodic Payments. ?eriodic Payxnents are due rr payment of amounts due is Security Instrument as a n the Ptoperty, if any; (c) d (d) Mortgage lnsurance 11-02-000060 Form 3828 1/Ot