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20��06�9� 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 encumbrances of record. Borrower warrants and will defend generally the title to the Properiy against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform securiry instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower 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 Items pursuant to Section 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this 5ecurity Instrument be made in one or more of the following fornis, 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 insritution whose deposits are insured by a federal agency, instrumentality, or enrity; or (d) Etectronic Funds Transfer. Payments aze de,emed received by Lender when received at the location designated in the Note or at such other location as ma:y be d�gnated by Lender in accordance with the nvtice provisions in Section 15. Lenrler may ret�zrn �ng ��yxueat or partial payment if the payment or partial payments are insufficient to bring tfie Loan currea�. I.e�es may accept any payment or partiat paymsnt insuffcient to bring the Loan curret►t, wit�o� �+a.iver o� �r sights hereunder or prejudice to its rights to refuse such payment or partiat gayffients im tF�e fat8�e, tn�& �er is �at obligated to appFy suc�a pa�rments at the time such payments are accepted. �f e�s P�aicm�e Pay� is �gplied as of its scheduted due c€ate, then �.encter need not pay interest on unappli� fi�a�s. F.��S r�y holci such unapplied funds uaa.til Borrower makes payments to bring the Loan current. if Borra�rer c�Oes IIot �o so within a reasonabTe period of time, Lender shall either apply such fuuds or return the� ta �orro�r. Tf IIot applied earlier, such funds will be applied to the outstanding principal balance under tlie Note immediately prior to foreclosure. No offset or claim which Borrower might have nQw or in t�e £�Lvre ag�inst Lender shall relieve Borrower fram making payments due under the Note and tt�is Security Ins�t or performing the covenants and agreements secured by this Security InstnuYtent. 2. Application of Paymen#s or Proceeds. Except as otherwise described in this Section 2, a11 payments accepted and applied by Lender shaTl be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Secrion 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 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 chazge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess elcists 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. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/O1 VMP � VMPB(NE) (7105) Wolters Kluwer Pinancial Services Page 4 of 17