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�o��o�o�� BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Property is unenctunbered, except for encumbrances of record. Bonower warrants and will defend generally the title to the Property against a11 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 security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 7. Payment of Principal, Interest, 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 charges due under the Note. Bonower shall 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 a11 subsequent payments due under the Note and this Se,curity 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 u�n an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) IIectronic Funds Transfer. Payments aze deemed received by Lender when received at the locarion designated in the Note or at such otfier location as may be designated by Lender in accordance with the nc»tice provisions in Section 15. bender ma.� ret�ur� arsy payrace�t os partiat gaymeIIt if the pay�ceSt or partial gaynzents are insufficient to briag the I.�� cvrce�. �.�er m�y aec:ept arsy p�ayment ar partiat payment ins�.fficient to bring the Loan c�rent, v�tho� waiver c�f �r rights hereurider or grejudice ta its rigF��s to refase s�tcfi payment or partial payme�ts i�e tise �, but F.��tder is �t �1�Bsgate.� to ap�Iy � ga�ceuts aY tfie t�ce s�efi payinents are �tecfi. �f ea� Pezi�ic Payment is ag�Di� as of its s�w.te� c&ae da�e, t� I,e�er need not pay urterest on u�apg�i�d frr�cfis. �eac�er r�►ay hold sucEa ua�aggliecfi fur�ds �ntil �orrovver m�ces ga}{mexets to tsring the F.o�e �. I� ��acawer �:Oes nat i1n ��vrit� a reasoa�Ie per�od of tiffie, �,ende� shall either apply such fvncfis os retv:ra the� to Burro�wer. If �c�t a�pliee€ earl�er, such funds �� be apglied w ti�e outstanding principal Fsatauce uacFer the Nate i�ediatel�r grior to foreciosure. No offset or claim which Borrower might have rni�v og ia ttce f�ae ag� �tc�er shal� reiieve Hormwer franz xnaking gaymeats due under the Note atr� t�is �trity �eaE �s perforffiing the cvvenaats attd agsee�ents secured by this Security Instrur�ent. 2. Applicatio� of Payrnents or Proceeds. Except as otherwise deserit�ed in this 5ection 2, all payments acoeptec3 and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (6) 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 aznounts due under this Se.curity Instivment, and then to reduce the principal balance of the Note. if Lender receives a payment from Bonower 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 chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment re,ceived from Bonower 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 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 sha11 be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) 41705) Wolters Kluwer Financial Services Page 4 of 7 7