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201109173 BORROWER COVENANTS that Borrower is lawfitlly seised of the estate hereUy conveyed�nd has tlie right to grant and convey the Property ancl that the Property is unencumbered, except for encumUi•ances of record. Borzower warrants and will defand general�q the title to�he Property against�ll cl�ims and demands, subject to �ny encumbrances of record. THIS SECURITY INSTRUMENT coinbines uniform covenants for natiional use and non-uniform covenants witli liinited variations by jurisdictioiz to constitLite a uniforin security instruinen�covering real property. Uniform Covenants. Borrowei•and Lander covenant aiid agiee as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charge�, and Late Charges. Borrower sha11 pay when due tha principal of, flnd interest on, t11e debt evidenced by the Note a�1d any prepayinent charges ai7d late char�es due ttnder the Note, Borrower shall aiso pay funds for�scrow Items pursuant to Section 3. PaymenYs due under the Nate and this Security Instrttment shall be made in U.S. currency. �IoWever, if any checic or other instruillent received Uy Leilder as payment under the Note or tlus Security Instrumenti is retiirned to Lender unpaicl, Lender inay require t11at any or all suUsec�uent payinents due under tlze Note�iid this Security Instrument be made in one or more of the following fornrs, as selected by Lender: (a)casl�; (b)money ordei; (c) certified checic, bai�lc checic, �reasui'er's checic or cashier's cliecic, provided any suah checic is drawn upon an institution whose deposits ase insured by a federal agencq, instrumentality, or entity; or(d) �lectronic Funds Traizsfer, Payments are deemed received Uy Lender when received at tihe location designated in tihe Note or�t sucli other location as may�e designated by Lender in accordance with the notice provisions in Section 15, Lender�nay returi�any payment or partial paym�nt if t77e paymoizt or�arti�l payments as•e insuffic�ent to vring the Loan current, Lender rnay accept any payment or partial paymeizt insufficient to bring the Loan current, without waiver of any riglits hereunder or prejudice to its rights to refuse such p�yment or�ai•tial payments in the future, but Lender is not obligated to a�ply such payments�t tlie tiiile sucli payinents are acce�tiec�. If each Periodic Payinent is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender riaay hold sLtch unapplied funds until Bori•ower makes�ay�nentis to biing the Loan curreilt. Ii'Borrower does not do so within a reasonable period of tinle, Lender shall either�pply such fuuds�or return tl�em to Borrowei•. TF not applied earlier, such Funds will be applied to the ou�staszding principal balance uzlcler the Note iminediately prior to foreolosure. No offset or claiin which Bori°ower migllt have now or in the futui�e 1g�inst Lender shall relieve Borrower froin inalcing plyments due under the Note arid this Security Instrument or perl'orming the coveizants and agr�einents secured vy this Secui'ity Instruinent. 2. Application of Payments or Proeeeds. �xcept as otherwise clescribed in this Section 2, 111 payments �ecepted and applied by Lender shall Ue appfied in the following order of priority: (a) interest due uiider ths Note; (b)princi�al due a7ider the Note; (c) amounts dL�e under Section 3. SLlcli payments sliall be a�plied to e�ch Periodic Payinent in the order u1 which it becai�ie due�. Any remaining asnounts shall be applied first to late cha�ges, second to anq other ltnounts due Linder this Security Instrument, and then to recluce the princip�l Ualai7ee of the Note. Tf Lender receives a p�yn7ent fi•om Borrower for a clelinquent Periodic Payment which incluc�es a suf�'icieiit amount to pay any late cllarge due, the payineiit may be applied�o the delinquent payinent ancl the late charge. It'�noi•e t1ia11 one Periodic Payinent is otiitstaslding, Lender may apply any p�yment received f�o1i1 Borrower to the i•eplyment of the Periodic Paynients iF, and to tlie extent that, e�ch paynlent c�n be paicl in full. To the extent that any excess exists �fter the�ayment is applied to the Fitll payinent of one or more P�riodie Paysnsnts, suah excess may��pplied Eo�tny 11te charges due. Voltuztary prepayinents shall be lpplie�firsti tio any prepayinent charges a�1d tlien as described in the Note, 231231 NEBRASKA-Single Famlly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1I01 VMP O VMP6jNE)(1105) Wolters Kluwer Flnancial Services Page 4 of 17