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201�09006 BORROW�R COV�NAN'I'S 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 for encumbrances of record. Bonowcr warrants and will dcfcnd gcncrally thc titic to thc Property against all claims and dcmands, subjcct to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited varialionti by juriuiiclion lo contitilute a uniform security inslrument covering re�al properly. Uniform Covenants Borrower and Lender covenant and agree as follows: 1. Payment of Principal,interest, Escrow Items, PrepaymentCharges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepaytnent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Scction 3. Paymcnts duc undcr thc Notc and this Sccwity Instntmcnt shall bc madc in U_S. currcncy. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned 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 Lender: (a) cash; (b} money order; (c) ceriiCed check, bank chec:k, lreatiurer's chec;k or catihier's check, proviJeci any such check is drawn upon an institution whose deposits are insured by a federal agency, instnunentality, 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 othcr location as may bc dcsignatcd by Lcndcr in accordancc with thc noticc provisions in Scction I5. Lender may return any payment or partial payment if the paytnent or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payinent insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payinent or partial paymenls in lhe fulure, bul Lender is not obligaled lo apply such puyments at the lime such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds_ Lender may hold such unapplied funds until Borrower makes payments to bring the Loan curtent. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or retum them to Boaower. If not applied earlier, such funds will be applied to the outstanding principal balancc undcr thc Notc immcdiatcly prior to fori;closurc. No offsct or claim which Borrowcr might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instnunent or performing the covenants and agreements secured by this Security Insttument. 2. Applicationof Paymentsor Proeeeds.F.xcepl as otherwise deuribed in this Section 2, all paymeniti accepted and applied 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 Section 3. Such payinents shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balancc of thc Notc. If Lender 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 applied to the delinquent payment and the late charge. If more lhan one Periodic Paymenl is oulstanding, Lender may upply any paymenl received Gom Borrower 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 full pa}nnent of one or more Periodic 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. NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 3028 1/01 VMP � VMPB(NE) (1105).00 Wolters Kluwar Financial Sarvices Page 4 of 17