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� <br />201103ti�a <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has <br />the right to grant and convey the Property and that the Property is unencumbered, except for encunnbrances <br />of record. Borrowez warrants and will defend generally the title to the Property against all claims and <br />demands, subject to any encumbrances of record. <br />THIS SECURITY IN5TR.UMENT combines uniform covenants for national use and non-uniform <br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real <br />property. <br />UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: <br />1. Paynnent of Principal, Intere.st, Escrow Items, Prepayment Charges, and Late Charges. <br />Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any <br />prepayment charges and late chazges due under the Note. Borrower shall also pay funds for Escrow Items <br />pursuant to Section 3. Payments due under the Note and this Secuzity Instrument shall be made in U.S. <br />curtency. However, if any check or other instrument received by Lender as payment under the Note or this <br />Security Instrument is retumed to Lender unpaid, Lender may require that any or all subsequent payments <br />due under the Note and this Security Instrument be made in one or more of the following forms, as <br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or <br />cashier's check, provided any such check is drawn upon an institution whose deposits aze insured by a <br />federal agency, instrumentality, or entiry; or (d) Electronic Funds Transfer. <br />Payments aze deemed received by Lender when received at the location designated in the Note or at <br />such other location as may be designated by Lender in accordance with the notice provisions in Section 15. <br />Lender xnay retum any payment or partial payment if the payment or partial payments are insufficient to <br />bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan <br />current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial <br />payments in the future, but Lender is not obligated to apply snch payments at the time such payments are <br />accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay <br />interest on unapplied funds. L,ender may hold such unapplied funds until Bonower makes payment to bring <br />tbe Loan current. If Borrower does not do so within a reasonable period of tune, Lender shall eithex apply <br />such funds or retu�n them to Borrower. If not applied earlier, such funds will be applied to the outstanding <br />principal balance under tbe Note immediately prior to foreclosure. No offset or claim which Bonower <br />might have now or in the future against Lender sha11 relieve Bonower from making payments due under <br />the Note and this Security Instrument or performing the cavenants and agreements secured by this Security <br />Instrument. <br />2. Application of Payments or Praceeds. Except as otherwise described in this Section 2, all <br />payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest <br />due under the Note; (b) principal due under the Note; (c) amounts due under 5ection 3. Such payments <br />shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts <br />shall be applied first to late charges, second to any other amounts due under this 5ecurity Instrument, and <br />tben to reduce the principal balance of the Note. <br />If Lender receives a payment from Bonower far a delinquent Periodic Payinent which includes a <br />sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and <br />the late charge. If more than one Periodic Payment is outstanding, Lender ma.p apply any payment received <br />from Bonower to the repayment of the Periodic Payments if, and to the extent that, each payment cau be <br />paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or <br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall <br />be applied first to any prepayment charges and then as described in the Note. <br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under <br />the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. <br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments aze due <br />under the Note, wntil the Note is paid in full, a sum (the "Funds") to provide for payment of announts due <br />for: (a) taxes and assessments and other items which can attain prioriry over this Security Instrument as a <br />lien or encumbrance on the Properly; (b) leasehold payments or ground rents on the Property, if any; (c) <br />premiums for any and all insurance required by I.�nder under Section 5; and (d) Mortgage Insurance <br />V02011.1 <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH. R <br />�-6A(NE) toaioa Page 4 of 16 tr,rc;eis� Form 3028 1/01 <br />� <br />