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201�0797G 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 Properiy is u.nencumbered, except for encumbrances of re,�ord. Borrower warrants and will defend generally the title to the Property against all 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 jurisdicrion to consritute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower 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 pn*�c,�ant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. cunency. I�owever, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returne� to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security 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, grovided any such che,ck is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or enriry; or (d) IIectronic Funds Transfer. Payments are deemed received by Lender when received at the locarion designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender ma� retiun any payment or partial payment if the payinent or partial payments aze insufficient to bring the I.oan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but I.euder is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay iuterest on unapplied funds. Lender ma.y hold such unapplied funds until Bonower makes payinents to bring the Loan current. If Borrower does not do so within a reasonable period of rime, Lender shatl either appiy such funds or retum them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal halance under the Note immediately prior to foreclosure. No offset or claim which Bonower might have now or in the future against Lender shall relieve Sorrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements se.cured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all 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 Secriott 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 Borrower for a delinquent Periodic Payment which includes a sufficient aznount 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 received 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 e�sts after the payment is applied to the fu11 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 descrihed in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) �1105) Wolters Kluwer Financial Services Page 4 of 17