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201i08353 BORRGIWER COVENANTS that Borrower is lawfiilly seised of the estate hereby conveyed and has the right to grant and convey the Property and that, the Property is unencumbered, except far encwnbrances of record Borrower warrants and will defend generally the title to the Property against alt claims and demands, subject to any encumbrances of record. THIS SECIIRIT'Y I1�TSTRUMENT combines uniform covena�nts for narional use attd no�uniform covenants with limited variations by jurisdiction to constitute a uniform security inslrument covexing rea1 Pm�3'• UNIFORM COVENANTS. Bo�rower and Lender covenant and agree as follows: 1. Payment of Principal, Inter�t, Escrow Items, Prepayment Charges, and Late Chxrges. Borrower shall pay whe� due t2ie principal o� and interest on, the debt evidence�i by the Note aud a�y prepayment charges and late ch�ges due undea the Note. Bonower shall also pay funds far Escrow Itenos pursuaut to Sec.�tion 3. Payrnents due under the Note and this Security Inshum�t shall be made in U. S. currency. However, if any check or other inshument received by L�c3er as payment under the Note ar this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payme,c►ts due under the Note and this Security Instrume,nt be made in one ar more of the following forms, as selected by Lender: (a} cash; (b) money order; (c) certified check, bank checic, treasurer's check or cashier` s check, provided any such che�k is drawn upon an inslitution whose deposits �e insured by � federal agency, instrumea�tality, or entity; or (d) Electranic Funds Transfe�r. Payments are deemed received by Lender when received at the location designated in the Note ar at such other location as may be degignated by Lender in accordance with the notice provisians in Sedion 15. Lender may return any Payment or partial payment if the payment or partial payments are insufficie�t to bring the Loan cutrent. Lender maY accept anY PaYment or partial payment insufficient to bring the Loan cun'ent, without waiver of any rights hereunder or prejudice to its rights to refuse such payinent � p�tial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If e,ach Periadic Payment is applied as of its scheduled c�ue date, then I.ender need not pay interest on unapplied funds. Lender may hold such unapplie� fimds until Borrower makes payment to bring the Loan cunent. If Boirower does not do so within a reasonable period of time, Lender shalt either apply such funds or return them to Bonower. If nat applied eaz�lier, such fimds will be applied to the o�ag principal balance und�er the Note immediately prior to foreclosure. No offset ar claim whiclt Borrower might have now or in the future against Lmder shall relieve Borrower from making payments due tmdex the Note and this Security Instrument or performing the covenants and agreements secured by this Security Tnctn�rr�en�, 2. Application of Payments or Procceds. Exce�t as otherwise described in tlus Section 2, all payments acceptecl and applied by Lender shall be applied in the following arder of priority: (a) interest due under the Note; (b) principal due under the Note; (c) aznounts due under Section 3. Such pay� shall be applied to each Periodic Payment in the order in which it bec�ne due. Any remaining anrounLs shall be applied trst to late charges, second to any other amounts due under this Se�urity Instrvment, �d then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment wlvch includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment �d the late charge. If more than one Periodic Payment is outstanding, Lender may apply aay payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in fu11. To the extent that any excess exists after the payment is applied to the full paymeart of ane ar more Periodic Payments, such excess may be applie� to any late cbarges due. Voluntary prepaym�ts shall be applied first to any prepayment charges and then as described in the Note. �4ny application of payments, insurance proc�eeds, or Miscellaneous Procceds to principal due undea� the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3, �nnds for Escrow Items. Barrower shall pay to Lender on the day Periodic Payments are due under the Note, until the ATote is paid in full, a sum (the "Funds") to provide far payment of amournts due for; (a) taxes and assessments and other items which can attain priority over this Security Insh umeant as a lien or encumbrance on the Properiy; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insu�ce 2200173107 D VGANB PIEBRASKA - Single Family - Fannie Mae/Freddfe Mac UNIFORM iNSTRUMENT WITH MBiS �$A�NE� {0810j Page 4 of 15 in;ue�s: ��.� Form 5028 1/01 m