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20110894� BORROWER COVENANTS that Bonower 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 for encumbrances of record. Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited vaziations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenc.ed by the Note and any prepayment charges and late charges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instcvment is retumed to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by I,ender: (a) cash; (b) money order; (c) certifie� ch�k, bank ch�k, treasurer's ch�k or cashier's check, provided any such cfieck is drawn u�n an institurion whose deposits aze insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other locarion as may be designated by Lender in accorctance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments aze insufficient to bring the Loan current. I.ender may accept any payment or partial payment insufficient to bring the Loan cunent, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Len�er is not obligated to apply sucfi payments at the time such payments are accepted. If each Periodic Payment is applied as of its schedvled due date, then Lender need not pay interest on unappliect funds. Lender may hold such unapplied funds untit Borrower makes payments to bring the Loan current. Tf Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or retum them to Bvnower. If not applied earlier, such funds will be applied to the outstanding principal batance under the Note immediately prior to foreclosure. No offset or claim which Bonower might have nvw or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants �nd agreements secured by this Security Instrumern. 2. Application of Payments or Proceeds. Except as otherwise descrihed in this Section 2, all payments ac,cepted and appliefl by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Se,ction 3. Such payments shall be applied to each Periodic Payment in the order in wYuch it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this S�urity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Bonower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the fu11 payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment chazges and then as described in the Note. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7/01 VMP Q VMP6(NE) (1105) Wolters Kluwer Pinanciel Services Page 4 of 7 7 � ll : ' q ' " � +� , , ��