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�011054�9 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby c;onveyed and has the right to grant and convey the Property and that the Properiy is unencumbereci, except for encumbrances of rec:ord Bonower wazrants and will defend generally the titie to the ProPeriY against all claims and demands, subje.ct to any encumbrances of record. THIS SECIJRITY INSTRiJMENT combines uniform covenants for national use and non tmiform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properiy. UNIF'ORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Pt3ncip�l, Interest, Escrow Items, Prepayment Charges, and Late CLarges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower sha11 also pay funds for Escrow Item,c pursuant to Section 3. Payments due under the Note and this Security Inslrument shall be made in U.S. cutrency. However, if any check or other instrument receiverl by Lendet as payment under the Note or this Security Instrument is retumerl to Lender unpaid, Lender may require that anq or all subsequent PaYments due under the Note and this Se�urity Instr�ment be made in one or more of the following forms, as selected by I.ender: (a) c�sh; (b) money order; (c) certified check, bank checlr� 1re,asurer's check ar cashier' s checl� providefl any such check is drawn upon an inslitu�on whose deposits aze insured by a federal agency, insintmentality, or entity; or (d) Ele�tronic Funds Transfer. Payments aze deemed r�eived by Lender when received at the lacation designated in the Note or at such other location as may be designatefl by Lender in accordance with the notitce provisions in Section 15. Lender ma.y return any payment ar partial payment if the payment or parkial payme.nts are insufficient to bring the Loan curren� Lender maY �Pt �Y Payment or partial payment insufficient to bring the Loan current, wi.thout waiver of any rights hereunder or prejudice to its rights to refuse such payment or paztial payments in the future, but Lender is not obligate� ta apply such payments at the time such paym� are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay mterest on unapplied funds. Lender may hold such unapplieri fimds �mtil B�rower makes payment to bring the Loan current. If Bortower does not do so within a reasonable period of time, Lender shall either apply such funds or return 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 Borrowet might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Se�urity Instrument or performing the covenants and agreements s�ured by this Security Instrument. 2. Appl�cat�on of Pa�ments or Proceeds. Except as otherwise described in this Section 2, all Payments acc�pted and apphed by Lendet shall be applied in the following order of priority: (a) interest due under the Note; (b) PrinciPal due under the Note; (c) amouats due under Seckion 3. S�ch P$Yments s1�all be applied to each Periodic Payment in the order in which it became due. Any remaining arnounLg shall be applied first to late charges, se�ond to any other amounts due under this Secwrity Instrument, and then to reduce the principal balance of the Note. If I.ender recei�es a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any lete charge due, the payment may be applied to the de�inquent PaYment and the late charge. If more than one Periodic Payment is outstanding, Lender maY aPP ffiY Payment re�eived from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment c;�n be paid in fu11, To the extent tUat any excess exists at}er the payment is applied to the full payment of one or mare Periodic Payments, such excess may be applied to any late c�arges due. Voluntary prepayments ahall be agplied first to anY PrePaYment chaz'b'es and. thm as desc�nbed in the Note. Any application of payments, insurance procee�s, or Miscellan�us Proceer�s to princi at due unde� the Note sha11 not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Fands for Escrow Items. Borrower shall pay to Lender on the day Periadic Paymeats are due under the Note, utttil the Note is paid in full, a sum (the "Funds") to provide for payment of amownts due for: (a) taxes and asse�ss�nents and other items which can attain priority over this Se�urity Instrum�t as a lien or encumbrance on the Properiy; (b) leasehold payments or ground rents on the Properiy, if any; (c) premiums for any and all insurance re�uired by Lender under Section 5; and (� Mortgage Ins�u�ance 2200142286 D v� NEBRASKA - Single Femily - Fannle MaelFreddle Mac UNIFORM INSTRUMENT WITH MERS �-6A(NE) loet o) Page 4 of 16 trd�a� „)� Form 3028 1/01