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201102637 BORROWER COVENANTS that Borrower is lawfully seisexi of the estate hereby conveyed and has the right to grani and convey the Property and that the Property is unencumbered, except for encumbrances of record Borrower warrants and will defend generally the title to the Property against all clsials and demands, subject to any encumbrances of record. THIS SECiTRITY INSTRUMENT combines imiform covenants far national nse and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrumeut covering real property. UNiFORM COVENANTS. Borrower and Lender covenant aud agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charaes and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U. S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security instrumeut is renirned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institntion whose deposiis are insured by a federal agency, instrumentality, or entity; or (d) Elec�onic Fimds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be desi�ated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the paynnent or partial payments are insu#�xcient to bring the Loan current. Lender may accept any payment or paztial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments 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 on unapplied fimds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower dces not do so within a reasonable period of time, Lender shall either apply such funds or retum them #o Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance imder the Note immediately prior to foreclosure. No offset or claim which Borrower might have now o.r in the future against Lender shall relieve Bonower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments 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 priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Secrion 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any rPf*+a;,,;ng amouats shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to rednce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Paymerns i� and to the extent that, each payment can be paid in full. To the extent that any e�scess exists after the payment is applied to the full payment of one or more Period.ic Payments, such excess may be applied to any late charges due. Voluntary prepaymenu shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Pay�nents. 3. Funds for Escrow items. Borrower shaIl 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 provide for payment of amounts ctue for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance an #he Property; (b) leasehold payments or ground rents on the Propezty, if any; (c) precniums for any and all insurance required by Lender under Secrion 5; and (d) Mortgage Insurance 2200093927 D V6ANE N�RASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH � �-sA(N� (08101 Page 4 of 15 Inkials: � FO[M 3028 1/Oh �