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201108126 BORROWER COV�N�INTS that Boi•rower is lawFiilly seiseci of tihe estate herevy conveyed 1nd has the right to grant and coi�vey the Property and that the Property is unencutnbered, except for encumbrances of record. Borrower warrants and will defend generall�the title to the Property ag�inst a11 claiins and deinands, subject to any encuinbrailces of'recorcl. THIS S�CURITY INSTRUMENT conlbines uniforin covenants for nitional use�nd non-uiuform covenants with liinited vlriations by jurisdietion�o constit�ite�uniforin security instrument cove�ir�g real property, Uniform Covenant�. Borrower and Leiider coven�nt and agree as i'ollows: 1. I'ayment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall p�y when due the princip�l of, �nd interest on, the clebt evidenced by the Note aild any prepayment charges and latie eharges dLie untler the Note. Borrower s11a11 also�ay fiYnds for�scrow It�zi�s pursuailt to Section 3. P�y�nents due under tke Note and this Security Instrument sliall be macle in U,S. currency. However, if any checic or other instruinent received by Lender as payi7l�nt uncler the Note nr this Security Instrument is returned to Lender un�aid, Lender may reqLiire that auy or all suUsequeiit paynzents due under the Note and this Security Instrument Ue nrade iii one or more ot`the following forms, as selected by Lender: (a) cash; (U)inoney order; (c) certified checic, banlc checic, treasurer's cliecic or casllier's checic, provided�ny such check is drawn upon an institution whose c�epos'rts flre insured by a federal agency, insti•tunentality, or entity; or(d)Electronic Funds Transfei-. Payinents are deeined received Uy Lender wheii received at the location designatecl in the Note or at such other location as may be designated by Lencler in aceordance witlz the notice provisions in Section 15. Lender�nay return a�iy payinaiit or�artial pay�nent if the payinen�or partial payments are insuFficient to Uring the I�oan current. Lencter nlay lceept any payment oi•partial payment insufficient to bring the Loan current, without waiver of aiiy rights hereu�lder or prejtldica to�its rightis to�refuse sucl�payinent or partial pay�nents in the fittlue, buti Le�lder is not obligated to apply such payinents at the tiine such payments are �ccepE�d. If each Pariodic 1'ayment is applied as of its scheduled due date, then Lei�der neec�not pay interest oii unapplied funcls, Lender m�y hold sucli una�plied i'unds until Borrower malces payinents to Uring the Loan current, If Borrower cloes not do so witllin a reasonaUle periocl of tiine, Lender shall either apply such fu�ds or return thein i:o Barrower. If not applied e2rlier, such funds wi11 be applied to the outs�anding principal balance u�der the Note iminec�iately prior to foreclosure. No offset or claiui wluch Borrower�iniglit have now�or iiz t11e fitture against Lender shall relieve Borrower froin inaldng payine�ts due uuder tlie Note and this Security Ins�rument or perforniing the coven�nts anc�agreements secured Uy lhis Security Inslrument. 2. Applieation of Payments or Proceeds. Exce�t as otherwise descriUed in this Section 2, all payments accepted and applied by Letlder sh�ll be applied in the followiug order�of priority: (a)interest due unc�er tha Note; (U)principal due uizder the Note; (c) a�notults due under Section 3. Such paymentis shall be appliec�to each Pei•ioclic Payinent in tlie order in which it became due. tlny ramaining amounts sh�ll be applied first to late ch�rges, second to any other ainounts cltite uuder this Security Instruinent, and then to recluce tlle principal Ualance of the Note. If Lender receives i payinent from Borrower for a delilic�uent Periodic Payment which includes a sufficient amoui�t to pay any late char�e due, the payment may be applied to the delinquent payinenti a�id the late charge, If more than one Periodia Payment is outsta�7cting, Lerider may apply any�ayment receivecl fi•oin Borrower to the repayment of the Periodic Payments if, and to the extient that, each payment can be paid in fu11. To CI1e extent that any excess exists �ftar the payment is applied to tl�e fi111 paymant of o�le or more Pei•iodic Payments, sucli excess may be applied to aszy late c11a1ges dite. Volant�ry�repayinents sha11 be � applied�st to any prep�ymeiit cl�as•ges and then as d�scribed in the Note�. 231199 NEBRASKA-Sinc�le Family-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT Form 302II 1101 VM P OO VM P6(NE)(1106�) Wolters IQuwer Financial Servlaes Pac�e 4 of 17