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201107691 BOItFZOWER COVENANPS that Borrower is lawfully seised of the cstate hereby conveyed and Y�as the right to grant and convey the Properry and that the Property is unencumbered, except for encumbrances of record. Boaawer warrants and will defend genexally the fitle to the Property against all claims and demands,subject to any encumbrances of record. TIIIS SECUffiTY NSTRUMENT combfnes unifomi c�venants for national use and non-unifonn covenants with limited variarions tiyjurisdiction to consritute a uuiform security instrument covering real property. � Uniform Covenants. Bonower wd Lcnder covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal c,f. and interest on, the debt evidenced by the Note and any prepaymcnt charges and late char�es due under the Notc. �orco�ver shall also pay funds for Sscrovr Items puisuant to Scction 3. Payments due under Ehe Note and this Securiry lnsh-ument shall be made in U.S. currency. However; if any check or o[her instrumentxeceived by Lender as payment undes fl�e Note ox this Security Instrument is retumed to Lender unpaid, Lender may xequire that any ox all subsequent payments due under the Note azid this Security Insfrument be maflc in one or more of The followrug forms, as selected�y Lender. (a) cash; (b)money order; (c) certified check, bank check, treaeurer's check or casluer's check, provided any sucfi check is dtawa upon an institution whose deposits are insured by a federal anency,instmmentallty, ox � entity; or(d) F,lectromc Punds Transfer. Payments aze deemcd received by Lender when received at thz locatian designated in the Note or at such other location as may be desia iated by Lender in accordazice with the notice provisions in Section 15. Lender may retum any payment or parpal payment if the payment ar parti3l paymen� aze insufficient to bring the Loan current Lender may accept any payment or partial payment insufficient to bring the Loan current, without uraiver of axry rights hereunder or prejudiee to it�rights to refilse such p3yment or partia� paymen1s in the future, but Lender is not obligated to apply such payments at the time sucli payments are accepted if each Periodic Payment is applled as o£its schedLffed due date, then Lender need not pay interest on unapplied iunds. Lender may hold such unapylied funds until Borrov✓er makes payments to bring the Loan cuirent. IPBorro��er does not do so within a reasonable period of time, Lender shall eitlzer apply such funds or retum them to Borrowei. If not applied earlier, auch funds wLll be applied to the outstaading principal balance imder the Note inunediately priar to foreclosure.No offset or claun wluch Bonower might have now or in the future against Lender shall relicve Borrower fiom inaking payments due under ihe Note and this Security Instrument ox performuzg the covenants and agreements seeured by this Seciuity Inshument. 2. Application of Payments or Proc2eds. Except as otherc«se described in this Section 2, a11 payment, accepted and applied bq Lender shall be applied in The following ordei of pxioriry: (a�interest due under the Note; (b)prineipal dus und�the Note; (c) amounts due nnder Seclion 3. Such pa�rznents shall be applied to each Periodic Paymcnt in the ardsr in wluch it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts dne under this Secutity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrowcr for a delinquent Periodic Paymen[which includes a sufficient unount to pay any lat�chazge due, the payment may be applied Co the delinquenC paymcnt and the laie charge. If moxe than one Periodic Payment is outstanding, Lender may apply any payment received from Bosowcr to the repayment of flio Periodic Payments if, and to the extent that, each payment can be paiel in ful1. To the extent that any excess exists after the payment is applied to tke full paymant of one oi more Periociic Payments, such excess may be applied to any late chaznes due. Vr�funtary prepayments shall be applied first to any prepayment charges and dien as described in thc Note. 231186 N�RASKA-Singl�Family-FaMIe Mae/Freddie Mac UNIFORM INSTRUMENT Porm 3028 V 01 VMP(�g VMPG(NEl(11�5) Wcltets Klwrer Financial5ervfcas � Page 4 ai 11