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201108381 BORROWER COV�NANTS that Borrower is lawFully seised of the estlte hereUy conveyecl and has the right to gr�nt and convey the Property aild that the Property is uiiencumUered, except for encumbrances of record. Borrower warrants and will clefend generally the title to the Property against all claims and demancls, subject to aily encuinUrasices of i•ecord. THIS SECUKITY INSTRUM�NT coinbines usii�oriii covana�its for uatiotial use a�1d noi7-uniform covenants with liinited variations by jurisdiction to coilstitLite a uniform security instrur�7ent covering real property. Unifiorm Covenants. Borrower and Lender covenant andagree as follows: 1. Payment of Principal, Intere�t, Escrow Items, Prepayment CY�arges, and Late Charges. Borrower sha11 pay when due the principal or; and int�rest on, the deUt evidenced by the Noie and any pi•epayi�lent chai•ges �nd late charges due under the Note. Borrower shall also p�y funds foi•Escrow Items pursuant to Section 3, Payments due undei•tlie Note�nd this Security Instrument shall be m�de in U.S. currericy. IIowever, ii'any checic or other instrument received by Lender as payinent under the Note or this Security Instrument is returi�ed to Lenc�er iuzpaid, Lender uiay requi�•e that any or all subsequent payments due under the Note and tliis Securi�y Instruinent be inade in one or inore of the following fornzs, as selected l�y T,encler: (a) cash; (b)money order�; (c) certi�ied check, banlc checic, treasurer's checic ar•c�shier's checic, provided any such check is drawn upon a�i institutiion whose deposits are insuretl by a federal agency, instrumentality, or entity; or (cl)Electronic Funds Transfer. Payments �re deemed received vy Lender wlien received at the loca,tion designated in tlle Note or at such otlzer location�s inay be designated Uy Leiider in accorcl�iice with the notice provisions in Section 15. Lender may return any payment or partial payment iP t11e paymeilt or partial payinents are insttfficient tn briilg the I,oan ctirrent. Lender izlay aecept any payment or partial payment instiif�icient to bring the Lo�in ctiurent, without w�iver of any rigllts 1lereunder or prejudice to its rights to refttse�such payment or partial payments in the futui'e, Uut Lend�x is not oblig�ted to ap�ly sucli payinents�t the 'tiine such�ayinents are �ccepted. IF e�ch Periodic Payinent is applied as of its schecluled due date, then Lender need not pay interest on unapplied ftirnds. Lender may hold sLtch unapplied fiinds until Borrower malces payments to bring tlie Loan current. IF Borrower cloes not do so within a reasonable perioc�of time, L�nder shall either ap�ly sLtch fiuids or retitrn them to Borrower, If not appliec�earlier, such funds will be applied to the outstanding principal balance tiinder the Note iir�mediately prior to �'oreclostitre. No offset or claiin wl�ich Boi�rower nught ha.ve now o1•in the future against Lender sh�ll relieve Borrower froin mllcing p�yments due under�he Note and this Security Instniinent or perfortning tha eovenants a�ld a�greements secured by this Secitrity Instrument. 2. Applicatior� of Payments or Proceeds. Exc;ept�s otlierwise descrived in this Section 2, all�aynleilts accepted aiid applied Uy Lender shall Ue a�plied ii1 tlze following order of priority: (a) interest dtte under the Note; (U)principll due under the Note; (c) ainounts due under Sectiioil3. Such payiilents shall be al�plied to each Periodic Payillent in fhe order in which it l�ecame dtiie, Aiiy reinaining�117ourits shall be appliec�first to late cllflrges, second to any otlier aanounts due under tlus Security Trlstrunlent, �nd theri to reduce the princi�al Ualance of the Note. If Lender receives 2 plymeiit fi�oni Borrower for 1 deliilquent Periodic Payinenti wllich inclucles a suf�cient aiilouilt to p�y any la.te char�e due, the payinent m�y Ue�p�liecl to the delincXuent p�yillent�nd the l�te charge. If inore tlian one Periodic Payment is outstanding, Leiider nlay ap�ly�ny payment received fi•oin F3orrower ta the re�ayment of the Periodic Payments if, and to the extent th�t, each p�yment can be paid in full. To the extent that any excess�e�eists aftar the pa�nilant is applied to the fii11 payment of one or inore� Periodic Payments, sucll excess inay ve applied to any late eharges due. Uoluntary pre��ments s17a11 Ue applied�rst to any prepayn7eiit ch�rges and then as dascribecl in the Note. 231205 NEBRASKA-Single Family-Fannie MaelFreddle Mac UNIFORM INSTRUMENT Form 3028 1I01 VM P p VM P6(NE)(11051 Wolkers Kluwer Financlal Services Page 4 of 17