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201 �05f7� BORROWER COVENANTS thax Bono�aer is lawfully seised of the estate hereby conveyed and has the rigbi to grant and convey the Property aad that the Property is unencumbered, except for encumbrances of recvrd. Banower warrants and will defend generally the title to the Properiy against all claims and demands, sabject to any encumbrances of recard. THIS SECURITY INSTR,UMENT combines uniform covenants for national use and non-uniform covenants with limited vmiations by jurisdiction to constitute a uniform security inshume;nt covering real Pl'oP�Y• UNIFORA+I COVENANT5. Borrower and Lender covenant aad agree as follows: i. Payment of Princ�pal, Interest, Escrow Items, Prepayment Chargcs, an$ Late Charges. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Boirower shall also pay fands for Escrow Items pursuant to Section 3. Paymeats due under the Note aud this Security Instrument shall be made in U.S. currency. However, if any check or other inshument received by Lender as payment under the Note or this 5ecurity Inshument is rekurned to Lender unpaid, Lender may require that any or all snbseqnent payments due nnder the ATote 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 casbier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, inst�umentality, or enrity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location desigaated in the Note or at such other location as may be designated by Lender ia accordance with the nvtice provisions in Section 15. Lender may rehun any payment or pattial payment if the payment or partial payments aze insufficient to bring the Loan currem. Lender may accept any payment or partial payment insufficient to bring the L,oan current, �vithout waiver of any rights hereunder ar prejudice to its rights to refuse such payment or partia.l paymeats ia the fiahne, but Lender is not obligated to apply such paymems 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. Lender ma.q hold such unapplied funds until Bonower makes payment to bring the Loan curre�. If Borrower does not do so within a reasonable geriod of time, L�nder shall either apply such funds or rehun them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrumeat or performin� the covenants and ageements secured by this Security jnshvme�. 2. Appliradon of Payments or Proceeds. Except as otherwise described in this Section 2, all payments acce,pted and applied by Lender shall be apptied in the following order of priority: (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 order in which it be�ame duc. Any remaining amounts shall be applied first to late charges, second to any other amowrts due under this Security In�ument, and then to reduce the principal balance of the Note. If Lender receives a paymeut &om Borrower for a delinqueat Periodic Payme� which includes a sufficient amount to pay any late charge dne, the payment aray be applied to the delinquent payment and the laxe charge. If moxe than one Periodic Payment is outstanding, Lender may apply any payment received &om Borrower to the repayment of the Periodic Payments i� and to the extent that, each paymt�nt can be paid in full. To the extent that any �cess exists after the payment is applied to the fall payment of one or more Periodic Payme�s, 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. Aay 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 ior 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 amouats due for: (a) taxes and assessments aad other items which can attain priority over this Security Instrumeut as a lien or encurabrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all ins�rance required by Lender uAder 5ectio�n 5; and (d) Mortgage Iasurance NFBRASKA- Singte Family - FannieMaa/FreddieMac UNIFORM INSTRUMENT WiTFI M �-8A(M��a�o� aagea��s innia�;, Form3028 1/01 I��'� o� �i��i�ui��