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201107752 BORRO�VPR COVENANTS Yhat Borrower is lawfnlly scised of the estate hereby o�3nvcyed and has the right to grant azxd convey the Property aud that the Proper[y ia i'met�cumUered, axcept for enoumbrances of record. Borrower warrflnC�and will dcfoi�d generally the title to the Yroperry n�;ainsC all clnima and dcmands,sub,ject Yo any encumbrnnces of record. THIS SECURITY INSTRUML'N'f combines iiuifomi covenants for national usa and non-uuiform covona.nts with limitcc�variations by,juiisdict[on to consCi[ute a unifonn security uishtimenC covcri�ig real property. Uniform Covenants. Boiirozver and Lender covc��ant avcl agree ae follows: 1. Payment of Principal, Interest, Escrow items, Prepayment Charges, and Late Charges. Bonower shall p�ty when due tlle ptivcipal oP, and iuterest on, Yhe deUt evidenced Uy tl�e ATOCe and any prepnymcnt charges and late char�;es due undar the Nofe. Borrower ahall also pa�y funds for L�eccow]tat�zs piu�suant to Section 3. Paymcnts duc under tl�e NoCe and tliis Seourity Inet��umcnt shall Ue made in U.S. cu�roncy. IIowever, i#any oheok or oCher instrumont received by Lender as paymc�lt under tlie Note or this 5ecurity Iustrument is reYtuned to Lender unpaid, Lerrdor may require t7�a�Y any or nll suUsoquent paymanYS due unc{er the Nofe ancl this Security InsCnunent be made iu one or more of the followiug forms, as selccted Uy Lender: (a) oash; (U)n�oney ordcr; (o) ocrtified chacic, bttr�lt alieck, treasurer's check or c�ehiar's checic, �rovided any such chaek is clrawn upon an insCituCion whonc deposiCs are ineured by� fcdcral agency, insYrumeutality, or eut.ity; or(d)Electronic Fiuids Trausfer. Payinents are deemed received by Leuder wl�cn rccoived at flie location designated iu the Note or aY auch other location as may Ue designated by Lencler in accordance with Che uotiee provisions iu Section 15. Lond¢r may retutn any payinant or pnrtistl payment if lhe payment or partial payments are insufficient Co bring 6ho Loai� om'rcnt. Lender may etccepC any payment or partial payment insufficient to bring the Loan current, withnnt waiver of auy rights heremider or pre;judice to its righks to refuee such payment or partia] paymenCs in the fuEUre, but Lettder is not obligatcd to apply aueh payments t�C Ll�o time snch payinants �re accoptcd. ,If oach Peitiodic Payment is applied as o£its scheduled due datie, then Lender need not pay interest on unapplied fimds. Lender m�y bo1d such uaiappliecl fundy nntil I3orrower inalces payments to bring ¢ho Loaai cw�rent. If Bon'ower does not do so witl�in a reasonable period of time, Lender 9ha11 either apply eucli funds or retwrn theni Co Aorrower. Tf not applied earlier, sueh fitnds will be npplieci to iltc outst.tnclli� psincipal balanco undcr the Note iinmediately prior-CO foreolosuro. 'No offseC or cleim whioh Borro�vcr might have now or iu the future against Lender shall rcliove Rorrower from malcing payment� due nndar the Nate and fhis Security Instnunent or performing Che covenants a�nd agreenienfs secured by tl�is SecuriCy Instrumcnt. 2. Application of Payments or Proceeds. �xeept as oflierwiue descriUed in tliis Seotion 2, all pay,nents aocepted �nd np�lied by Lencier aha]] Ue ap��lied in the Following order of piiority; (a) interesE dne uuder the Note; (b) priucipal due under the Note; (c)amc�u��ts dua nnder Seotion 3. Suoh paymcnts siiall be applied to eaoh 1'cria�die Payment in die order in which it became du¢ Any rcinaining amoiui[s sha116c applied firsC tio late charges, seoond to any othcr amouitts dua tuider Chis Security Inst�ument, and Yhen to reduoe the principal Ualuice of the Note. IP Lender recaives a paytnent�Prom Borrower for a deliuquent Periodio]'aymcnt wl�ich inclucles n snPficient amounti tio pay auy late chatge dne, the p�ymcnt may be applied tio the delinquent payment aaid Che late oharge, lf more than one Periodic Pnyn7ent is oalsfauding, T.ander may apply any payment received Crom Borrower to tho rep2ymcnt of tl�e Periodic Payments i£, mici ta 11�0 oxtent that, each payment oa�1 Uo pard in full. To the extent thnt nny excess exists after khe paymenE is epplied to thc ftill payment oY arie or moto Periodic Payinants, euch excess m�ty be applied to any late charges dua. Volnntary prepayments shall be applied first to any prcpayment chaa'ges and then as desoril�ed iu tho Note. zatt�� NEBRASKA-Single Family-Fennio MaolFroddie Mao UNIFORM INSTRUMENT Farm 3028 '1701 VMP ^O VMP6�NE)(1105) Wol[ers Kluwer f-Inanolel Servlces PaBe A of 17