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2oilos35�. 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 Property is unencumbered, except far �cumbrances of record. Borrower warranxs �d vv�ll defend generaily the title to the Praperty agamst all claia� and d�mands, subject to any encumbrances of record THIS SECURITY INSTRUMENT combines uniform covenants for national use and noiruniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering rea[ �oI�Y• UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay wh� due the principal of, �d interest on, the debt evidencad by the Note and any prepayment ch�ges and late chaz�ges due under the Note. Borrower shall also pay funds frn Escrow Items pursuant to Seclion 3. Payments due under the Note and this Security Instiume,nt shall be ma�e in U. S. currency. Howevex, if any check or other instrument received by Lender as payment under the Note or this Security Inshument is reti:rned to Lender unpaid, Lender may require that any ar all subseque,nt AaYments due under the Note and this Security Instrunaent be made m one ar more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check„ bank checl� treasurer' s check ar cashier' s chcck, provided any such check is drawn upon an institution whose deposits aze insured by a federal agency, inst�vmentality, or �tity; or {d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note ar at such other location as may be de4ignated by Lender in accordance with the notice provisions in Section 15. Lender may return any paym�t or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or pazkial payment insufficient to bring the Loan curre,nt, without waiver of any rights hereunder or prejudice to its nghts to refuse sueh paym+ent or paztiat payments in the future, but Lender is not obligate3 to apply such payments at the tix� such payments are acceptecl. If each Periodic Payment is applied as of its scheduled dne date, then Lender need nat pay interest on wnapplied funds. Len@er may hold such unapplied funds wiril Borrower makes payment to bring the Loan caarrent. I� Borrower does not do so within a reasonable period of time, Lender shall eithes apply such funds or return them to Borrower. If not applied eatlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrow�' might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Se�nity Instrument or perfurming the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Seckion 2, all payments accepted and applied by Lender shail be applied in the following order of priority: (a) interest due under the Note> (b) principal due under the Note; (c) amounts due under Sectian 3. Such payments shall be applied to each Periodic Payment in the arder in which it became due. Any remaining amounts shall be applied first to late chazges, second to any other amounts due under this Se�urity Instrvment, and then to redwce the principal balance af the Note. If I.ender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be appliefl W the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender maY apPZY �Y �Y�t rece�ved from Borrower to the repayment of the Periodic Payments if, and to the eastent that, each payment c�n be paid in fall. To the extent that any excess exists after the payment is applied to the full payment of ane ar more Periodia Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the am�unt, of the Periodic Payments. 3. �nds for Escrow Items. Borrower shall pay to Lender on tlie day Periodic Payments are due ., under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payinent of mnaunts'due for: (a) taxes and assessments and other items which can attain priority ove� this Security Ins�t as � lien or encumbrance on the Properiy; (b) leasehold payments or ground rents on the Properiy, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance 2200162791 D v6AN$ NEBRASKA - Single Family - Fannle MaelFreddle Mac UNIFORM INSTRUMF�IT WRH M �$A�NE� (0810) Pape 4 of 15 i�,wa�a:�r� Form 3028 1/01 �