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201108442 BORIZOWER COV�NANTS that Borrower is lawfiilly seised of t11e estatie here�y conveyed and has tl7e right to grint an�l convey the Property�nd that the Property is unencLUnUered, except for encuinUrances of record. Borrower warrants�id wi11 defend gener�lly tlre title to the Property against a11 claims��d dem�nds, stitbject to any encumbrances of record. THIS SECURITY INSTRUMENT coinbiiles unifoi•m covenants for national use aiid non-uniforin covenants with limited vftriations by jurisdiction to constitute a uniforin secarity instrument cove�ing real property. Uniform Covenants. Borrower and Lender covenant aild agree 1s follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charc�es, and Late Charges. Borrower shall pay when due ihe principal of, and interest on, the debt evidenced by the Note and 1ny prepayinent chai•ges and late ch�rges clue under the Note. Borrower s11�11 a.lso pay finids for Escrow Iteins pursuant to Section 3. Paymants dua under the Note and this Security In�trument sha11 be made in U.S. c�u•renoy. However, if auy ahecic or other instrun�eiit received by Lender�s payinent under the Note or this Security InstruYneiit is returned to Lender unpaid, Lender m2y r�quire that any or alI subsequent�ayments due und�r the Note and this Seeurity Instrument be mada in one or more of the following forms, as selected by Lender: (�) casli; (b)inoney order; (c) certi�ed checic, Uaizlc checic, treasurer's checic or cashier's checic, provided any such cliecic is drawn upoi7 an institution whose deposits are insured Uy a feder�l agency, instrumentality, or entity; or(d)�lectronic Funds Tr�nsfer. Payments�re deeined received by Lender when received at the locatioiz c�esignated in the Note or at such otlier location as in�y be designa�ed by Lender in lccordance with the notica provisions iYi Section 15, Lender m�y r�turn any�ayinent or partial pa.yment if the payillent or paLtial payments ara insLtfficient to bring the Loan cturent. Lencler may accept any payment or pai°tial payment insuf�cient to bring the Loa�1 current, withou�waiver of any righ�s liereLUlder oi•prejudice to its rights to refuse such paytnent or partial paymei7ts�in the fiittire, but Lei�der is not ol�Iigated to �pply such paymeizts at ihe Lune such payillents are accepted. If eacli Periodic Payn�ent is applied as of its schec�uled due date, thei�Lende��need not pay is�terest on unapplied funcis. Lender may hold sucla unapplied fiuids ttntil Borrower malces payment�to bring the Loan current. I£Borrower does not clo so within a reasonable period of tiine, Lender shall eiiher apply sLich funds or return tl�em to Borrower. If not applied earlier, such fLmds will be applied to the outstanding �rincipal l�alauce under the Note inunedia�ely prior to foreclosure. No offseti or claim whicli Borrower might have now or in the future against Lender sI1�11 relieve Borrowe�•from malcing paymants ciLie undar the Notie ��zd this Security Instrixment o��erforming the covenants and agreei�ients secureci by this Security Instruinent. 2. Application of Payments or Proceeds. �xcept as otl�el•wise desc�ibed i�1 this Section 2, 111 payments �ccepted and applied by LendeY•shall Ue�ppliecl in the following order of priority: (a) interest ciue under the Note; (b}principal dLie unc�er the Note; (c) ainounts dtte Llnclel' Section 3. Sucli payinents shall l�a applied to eacl�Periodic Pa�ni2en�i�the orcler in which it became due. Any resnainiilg lmounts shall be applied�irst to late charges, secoi7d to any other ainouiltis due linder tl�is Security Tnstrument, and t1�en to rec�uce the principal balance�oi'the Note. If Lender receives�p�yinont fi•om Borrower for a delinc�u�nt Periodie Payment which includes a suf�cient ainotu7t to pay auy late charge clue, the payment m�y be�applieci to the delinquen[p�ymeilt and the late chai•ge. If'inore tl�asi one Pei•iodic P�yinent is outstanding, Lerider inay apply any payiz�ent received frosn Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in fiill. 'To the extent tliat any excess exists after the payment is applied to�he fiYll payment of one or inore Periodic Payments, such excess may be ap�lied to any late charges due. Volullt�.ry prep�yments shall be applied i�i•st to any prepa.yment charges and then as described in the Note. 231209 NEBRASI<A-Single Family-Fannle M aelFretldle M ac UNIFORM INSTRUM�NT Form 302II 1/01 VM P O VM P6(NE)(1105) Wolters Kluwer Financial Services Page 4 of 17