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201108345 BORROWER COV�NAN'TS that Rorrower is lawfully aeised oC tl�e estate hareby conveyed and has the right Eo graut and convey the Property and that ehe Property is Luiencumbered, cxcept£or encumbranoes af record. Borrov�er waa•rauYe znd will defend generally the Citle to tiha Property ag2inst all claims aud demulds, subject to any cncumUra�ices of record. THf S SECURITY INSTRUMENT coinUinc�a nniform eovenanta for nationKl Ltse and non-uniform covenants with IimiCed vaiiat[ons by jw�isdiciion to consti6uto a qnifonn security insri•umenC wvering real property. Uniform Covenants. Borrower nud Lendcr covenazit and agree as Pollows: 7. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower ehntl p2y when due the priucipal of, and if�Cerest oi�, the debt evidenceci by the Note aud any prepayment charges nnd lnte oharges due Lmdcr the Note. Borrower shall a7eo pay funds for Fsorow Ite7ns pLirsuant to Section 3. PAymenYs due nnder the Note aud this Security Inetrument sl�all Ue made in U.S, cmrency. Howover, if any check or other insirument recc;'tved by Lender as payment under Uie NoYe or this Seourity Insfrumcnt is rehuned to Lender unp�id, Lender may require til�t eny or all suUseyuent paymeuts dus uncier the Note nnd this Socurity insfrLUnenE be mnde in oue or more of the Following forms, as se1ected by Lender: (a) cash; (b)money order; (c) certified check, l�e�ilc check, tieasm�er's check or cashier'a cheok, prov'rded Euiy sucl� checic is drawn upon ut instituCion whoec deposits are insurect by a Cccieral agency, inst�•wmentalidy, or enfity; or(d)L+lcoh-onic Ptimds Ti<nnsfer. Payn�ents aro dcen�ed received by Lencler wheu xeceivui at the 1oc�tion designaCeci in{he Note oc aS such other locnd9on as may be dcsignated by Lander in accoxdnnoe�vitli the notice provisiona in Sccfion 15, I.ender may retmn any p�tyinent or parNal payinent if'the payment or partial payments are insufffcient Co bring the l.oa�i current. Lender may accept any paytiieut or,pu�Ual poyment ii�suffioient tio bring the Lonn eLUrenti, without waiver of any righYs herennder or prcj udice to its rights to refitise such payment or pArtial payments in LAe fuhYr¢, Uut T,ender is not obligateei to apply such paymairts at the Lime�ucl�payments are accepted. If e�ch Periodic Payu�ent is applied as of its echeduleci duo date, filien Lender need uot pay interest on nnapplied'liuids. Lendae may hold such unapplied htuds until Borrower mal<cs payme�rts to bring the Lonn currenG lf Borrower doee not do so within n reasonabl�weriod o�F time, Lender sha11 oither a�ply attch funds or return them to Borrowcr. if not applied esrlier, such fiuids will be applied to the oulstanding principal Ualance under the Note inunediatc7y prior to foreclosure. No oPfsct or ci�im wlucli Borrowec v�igl�t have now or in the fulure againet Lender sha11 relieve Boxrower faom�nalting paytneuts due imder thc Nota and this Security Histrtmieut or perTorming kl�e covenairi's and a�xeemeul.c eccured Uy this Security Inslrxunent 2. Application of Payments or PYOCeeds. Lacept as otherwise described in tl,is Section 2, n11 payments �ccepCed and applied by Lender shall be applied in the fo1lowiug order of yrioriLy: (a) interest dne under the Note; (b)principnl due uudcr the Note; (oj auiounte c[ue micie�r Scction 3. Such pn}m�ents shail bc applied Yo eaoh Periodic Payment in the orc{er in which it becaAne due. Auy rev�4iining amoLmts sli�ll be applied first to 1a[e oharges, second to auy other nmounfs due uvdcr this Sectuity Instrumenk, and H�c�� to reduce the princip�l bnl�noe oF thcNoto. Tf Lender receives a paqmcnt from Bon�ower £or�dalinquent Pcriodic PaymeuC wkuoh inoludcs a sufficient amount Yo pay any]nte chnrge ciue, tl�c pa}nnent inay be npplied to lhc ciolinquent pa}nnent ttnd the lnte char�o. ]f uiora than one Periodic Payment is o�rtstending, Lender n�ay npply any paymant receivad from Bon�owe��to the repayinent of the Periodio Paymeiite if, and to the extent th�t, each paymenY can be paid in firll. To th€exCcnt U�af any excesa exist.s etter tliapaymenC is applied to the full peymenC of oi�o or more Periodic Paym�uta, snoh excese may be applied to eny late eharges due. Vohmtaiy prepfl�nnents shall Ue a��lied fiirsC to any prepa}nnent charge.s and tl�eu as ciescribed in the Note. zs�zo3 N[�RASKA-Sin9leF�mily-Fannleblae(FreddleMaclINIFOR�d WSTRUMf-NT Form30201/07 � Vlvi P(� VM P6(NE}(11061 Woltere Kluwer f-inanolal5arvloes I�npe A oi 17