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201102962 BORROWER COVENANTS t6at Borrower is lawfiilly seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Propeity is unencumbered, except for encumbrances of record. Borrower wazrants and will defend genaally the tifle to the Property against all claims and demands, subject to any encumbrances of xecord. T'HIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited vaziations by jurisdiction to constitute a uniform security instrument covering real properiy. UI�IIFORM COVENANTS. Borrower and Lender covenant and agee as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and any prepayment chazges and late charges due under the Note. Borrower sl�all 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. currancy. However, if any check or other instniment received by Lender as payment under the Note or tlus Security Instrnment is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and tivs Security Instrument be made in one or more of the followmg forms, as selected by Lender: (a} cash; (b) money order; (c) certified check, bank check, treasurer's check or casluer's check, provided any such check is drawn upon an instihrtion whose deposits are insuted by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments aze deemed received by Leuder when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provLCions in Section 15. Lender may retiun any payment or partial payment if the payment or paztial payments aze insufficient to bring the Loan current. Lender may accept any payment or paztial payment insufficient to bring the Loan current, without waiver of any rights hereunda or pre�udice 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 Bonower makes payment to bring the Loan cwrent. If Borrower does not do so within a reasonable period of time, Lender shall either apply such fimds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance undet the Note immediately prior to foteclosura. No offset or claim wluch Bonower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agr�ments secured by ttus Security Instrument. 2. Applfcat3on of Payments or Proceeds. Except as otherwise described in this Seclion 2, all payments accepted and applied by Lender shall be applied in ffie following order of prioriry: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the ozder in which it became due. Any rpma+n� i o nu ��ts shall be applied Srst to late chazges, second to any other amoLmts due under flus Security Instiunent, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment wluch includes a sufficient amount to pay any late charge due, the payu�ent may be applied to the delinquent payment and the late ctu+rge. If more than one Periodic Payment is outstanding, Lender may apply any payment received &om Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in fu1L To the eactent that any excess exists after the payment is appGed to the full payment of one or xnore Periodic Payments, such escess may be applied to any laze charges due. Voluntary prepayments shall be applied 5rst 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 Payruents. 3. FY�nds for Escrow Items. Borrower shall pay to I,endez on the day Periodic Payments aze due under the Note, until the Note is paid in full, a s� (the "Funds") to provide for pa}weut of awounts due for: (a) taxes and assessments and other items wluch can attain priority over this Sacunry Inslrument as a lien or encumbrance on the Properry; (b) leasehold payments or ground rents on the Properly, if any; (c) premiums for any and a11 insurance required by Lender under Secrion 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannir NealFreddie Mac UNIFORM INSTRUMENT W ITH MERS �•6A(NE��oeio� raeaaot�s mni�a: � 10-12301 Form 3028 1107 V �