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201107882 BORROWJ3R C6VFNAN"CS that Borxowox is lawRilly seised of tha astata hexeby conveyed and has tha right w grant and convey the Property and that the Property is unencumbered, except for encumbrances oFrecord. Borrower warr�ants and will defend gener�tlly fhe title to the Property agauist all claims and dom vYds,subjaot to any encumbrances of record. THIS SECURITY INSTRUMENT aombines uniform covenants for national use and non-uniPorm covenants with limited variations 6y jurisdiotion to wnsritutc a uuiform sacurity instrumant covering real property, Uniform Covenants. Borrower and Lender covenant aiid a�-ec as follow�s: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay whcn duc thc principal oP, and interest on, the debt evidencad by tha Note and nny prepttymant chnrges and late chnrges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. PaymenEs due under the Note and this Secw�ity InsCrumant shall ba made in U.S. currency. Horvever, if aaiy oheck or other instrument received by Lender as payment under the Note or this Security Instrument is r�turned to Lender unpaid, Lender m1y require fhat any or all subsequeut payments due under the Note and this Sern�riYy IneYrument be made in one or more of tha followi�ig Pornis, as selecfed by Lender: (a) cash; (bJ money order; (c) certi£ied oheck, ba�d<clieck, treasurer's checic or cashiov`s checl<, provided any such check is drawn upon an institufion whose deposi�s are insured by a federal agency,instriunentnlity, or cntity; or(d)ElaeCronic i'unds Transfer. PaymenYs aro dcemed recaivad by Lender when reoeived at the looation designated in ihe Note or at such other loc�fion as may be designated by Lender in aowrdance with the notice provisions in Sectian 15. Lender tnay return any payment or paatial paymant if tha payment or partial payments are insuffioient to bring the Loan current. Lendar may accept aziy paymont or partial payment insufficient to bring the Loau currant, without waiver aP any rights hereunder or prejudice to iYS rights to refuse such payment or parHal payinents in the ftdure, bue Lender is noY obligated to apply such paymants at Uie time such payments are xcoepted, If elch Periodic Payment is applied as oP its scheduled dua date, Ehea Lendar need not pay interast on unapplied£unds. Lander may hold such unapplied funds until Bomower makes payments to bring the I,oui current. If Borrower does not do so withrn a reasonable period of Yime, Lender shall eithar apply such funds or return them tp Borrower. If not 2pplied earlier, such f'unds will be applied to the outstanding principal balance tinder the Note immedi�.tely prior tci fotecl�sure. No oPfseY or olai�n which Rorrower miglit havo now or in t6a fuCUre against Lander shall relieve Borrowex from mal<ing payments dua under the Note and this Security Instrument or perf'orming the covenants aud agreeinents secured by this Security Instrument. 2. Application of Payments or Proceeds, Exeapt as otherwisa described in this Seotion 2,all paymeuts accepted and applied by Leuder shall be applied in Cha following order of prioriYy: (a) interest due under the Note; (b)principnl due undcr Yhe Note; (c) amounts due under Section 3, Such paymants shall be applied Co each Poriodic Payment in the order in which it became due. Any remainuig�aniounts sl,iall bo applied first to late charges� seoond Yo any other amounts due undar this Sacurity lnstranicnt, and then to reduee the principal balance of tlia Note. IfLender receives a payment from Borrowe� for a dcl9nquent Periodic Payment which includes a sufficient amount to pay any late oharge duc, kha payinenE may be applied to the delinquant payment and tlie late chargc, if inore than one Periodic Plyment is outstand'uig, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if and to thc oxlant that, each paymeut oan be paid in full. To tha extent tliat any excess e�sts aftcr the payment is applied to the full payment of oua or morc Periodi¢Payments, such excess may be applied to any lafe oharges due. Voluntary pxepayments shall be applied itrst to any peepayment oharges and Chen ns dascribed in the Note. 231194 NEBNASKA-Single Femlly-Fennle MaelFretldio Mec UNIFORM INSTRUMENT Form 3028 1101 VMP VMP6(NE]f1106) Wolter�s Kluwer Flnencial Servicea Page 4 oi 1�