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201107509 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 Properly is unencumbered, except for encumbrances of record. Bonower warrants and will defend generally the title to the Property against a11 claims and demands, subject to any encwnbrances of record. THI5 SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variarions by jurisdiction to consritute a uniform security instrument covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 1. 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 chazges and late charges due under the Note. Bonower sha11 also pay funds for Fscrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other insmunent received by Lender as payment under the Note or this Se,curity Instrument is returned to Lender unpaid, Lender may require that any or all 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 ch�k, tm.asurer's check or cashier's check, provided any such check is dra�vn upon an institution whase degosits are insured by a federa� agency, instrumentality, or entity; or (d) IIe�ctronic Funds Transfer. Payments aze deemed received by Lender when received at the location designated in the Note or at such other loca.tion as may be designate� by Lender in accordance with the notice provisions in Section I5. Lencfier may retvm any payszemt or parti� gayment if the payment or partial payments are insufficient to briug the Lo� �ux�t. �.ea�i m�y �� PaYn►ent or partiat gay�II� insu�cient to bring tfie E.oan eurrent, witlzo� �ve� o� �y rig�sts ��ct�:r �r preluc�iee to its �ights to refuse sacli payment or pa� payme�s i� the fr,�ae, ��.ere�fie� rs �t QbIl�g�ec� to a�PIY s� Pa�me�s at the time such payffients are accepted. � eaa� �'e�c Pay�g is ��ie� � of its s�heduEed due date, then Lender need not ga�r interesc ott vnapplie� fuads. F..ea�r aga�r &oE�i ser�a �g�ied fEmds untit Borrov�+er m�es payments to bring the Loan cvrrent. If Bmr�w�r c� not dQ so v�ithin � �easonable geriod of time, Lender shall either appIy such funds or retu� the� to Bosrower. �f nat agglied earlier, sucfi fimds will be applied to the outstanding principal baiance uac�eF the Note i�iate�y griar to foreclosure. No offset or claim which Borrower might have now or in the f�re ag�nst �reter sFs� relieve �orrower fram making payments due under the Note and this Security jnstr�megt or perfu�iag EFie coveaants and �ents secured by this Security In:strument. 2. Application of Payments or Proceeds. Except as otherwise descrihed in this Section Z, alI payments accepted and applied by Lender shall 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 Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge 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 fu11. 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 shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UN�FORM INSTRUMENT Form 3028 1/01 VMP � VMP61NE) (1705) Wolters Kluwer Financial Serv(ces Page 4 of 17 1 , , . ''d � p; N