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� 201103ti�a BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encunnbrances of record. Borrowez warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY IN5TR.UMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 1. Paynnent of Principal, Intere.st, 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 charges and late chazges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Secuzity Instrument shall be made in U.S. curtency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is retumed 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 institution whose deposits aze insured by a federal agency, instrumentality, or entiry; or (d) Electronic Funds Transfer. Payments aze deemed received by Lender 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 provisions in Section 15. Lender xnay retum any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial 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 snch 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 funds. L,ender may hold such unapplied funds until Bonower makes payment to bring tbe Loan current. If Borrower does not do so within a reasonable period of tune, Lender shall eithex apply such funds or retu�n them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under tbe Note immediately prior to foreclosure. No offset or claim which Bonower might have now or in the future against Lender sha11 relieve Bonower from making payments due under the Note and this Security Instrument or performing the cavenants and agreements secured by this Security Instrument. 2. Application of Payments or Praceeds. 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 5ection 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this 5ecurity Instrument, and tben to reduce the principal balance of the Note. If Lender receives a payment from Bonower far a delinquent Periodic Payinent 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 ma.p apply any payment received from Bonower to the repayment of the Periodic Payments if, and to the extent that, each payment cau be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments 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 Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments aze due under the Note, wntil the Note is paid in full, a sum (the "Funds") to provide for payment of announts due for: (a) taxes and assessments and other items which can attain prioriry over this Security Instrument as a lien or encumbrance on the Properly; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by I.�nder under Section 5; and (d) Mortgage Insurance V02011.1 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH. R �-6A(NE) toaioa Page 4 of 16 tr,rc;eis� Form 3028 1/01 �