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201103756 BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby canveye� and has the right to grant and convey the Property and that the Properiy is unencumbered, except for encumbrances of r�ord. Bonower warrants �d will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record THIS SECLTRITY INSTRUNIENT combines uniform covenants far national use and non �miform covenants with limital variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Bo�ower and Lender covenant and agres as follows: 1. Payment of Prindpal, Interest, Escrow Items, Prepayment Charges, and Late Chargea Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and any prepayment charges and late chazges due under the Note. Barrower sbali also pay funds for Escrow Items pursuani to Section 3. Payments due under the Note and this Security Instrument shall be made in U. S. cuirency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is redirr►erl to Lender unpaid, Lender may re�uire that any or all subsequent PaYments due under the Note and this Sec��rity Instrument be made in one or more of the following foffis, as sele�ted by I.ender: (a) c�sh; (b) money order; (c) certifie� check, bank cher� treasurer' s che�k ar cashier' s checl� provide� any such che�k is drawn upan an institution whose deposits ara insured by a federal agency, instrumentality, or eirtity; or (d) Electronic Funds Transfer. Payments are deemed r�eived by Lender when receival at the lacation designated in the Note or at such other location as may be desi� by Lender in accordance with the notice provisions in Se�tion 15. Lender may retum any payment or partial payment if the payment or partial payments are insufficieat to bring the Loan current. I.ender maY ��Y PaYment or Pa�al PaYment insufficient to bring tb.e Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such PaYm+ent or Patial payments in the future, but Lender is not obligated to apply such payments at the time such payments ara accepted. ff each Perialic Payment is applied as of its scheduled due date, th�► Lender need not pay interest on unapplied fimds. Lender may hold such unapplied funds tmtil Horrower makes payment to bring the Lo� current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately priar to foreclosure. No offset or claim wluch Borrower might have now or in the future against I.ender shall relieve Borrower from maldng payments due uader the Note and this Se�urity Inshniment or performing the covenants and agr�ments se�urerl by this Security Instrument. 2. Application of Pa�ments or Procceds. Except as otherwise describe� in this Section 2, all payments accepted and apphed by Lender shall be applied in the following order of priority: (a) interest due unde� the Note; N) PnnciPal due under the Note; (c) amouats due under Section 3. Such gayments 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 �unts due under this Security Instrument, and then to reduce 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 delinqumt payment and the laYe charge. If more than one Periodic Payment is outstanding, Lender ma.y apP �Y PaYmenY recei�ed from Bonowe2 to the repayment of the Periodic Payments i� and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment i.s applied to the full payment of ane or m�re 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 descnbed in the Note. Any application of payments, insurance proceeds, or Miscellaneous Pro�ds to principal due under the Note shall not eartend or poslpone the due date, or ahange the amount, of the Periodic Payments. 3. Fnnds for Eacrow Itema. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in fiill, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Se�urity Instrument as a lien or encumbrance on the Properiy; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insuranc� required by Lender under Section 5; and (d) Mortgage Ins�uance 2200133693 D V6ANE NEBR/1SKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WITH M ��A(NF� loa�o) Pege4 of 16 i„� Form 3028 1/01 � �