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20110923� BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby corneyed and has the right to grant and com•ey the Property and that the Property is unencumbered, e�cept for encumbrances of record. Borrowcr warrants and w�ill dcfcnd gcncrally thc titic to thc Properly against all claims and dcmands, subjcct to any encumbrances of record. TH1S SECURITY 1NSTRUMENT combines uniform co��enants for nalional use and non-unifonn covenants �vith limited variations by jurisdiction to constitute a uniforni security instrument covering real propertS�. Uniform Covenants. Borrower and Lender covenant and agree as follo�vs: 1. Payment of Principal,lnterest, Escrow Items, PrepaymentCharges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and am� prepayment cl►arges 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 Sccurity Instrumcnt sl�all bc madc in U.S. currcncy. How�ever, if any check or other instnunent receiced by Lender as payment under the Note or this Security lnstrument is relurned lo Lender unpaid, Lender may require that any or all subsequenl payments due under the Note and this Security Instrument be rnade in one or rnare oP the following I'orms, as selected by Lender: (a) cash; (b) moneti order; (c} certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an insdtution whose deposits are insured by a federal agency, instnimentality, 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 15. Lender may return any paYment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept anv payment or parti�l payment insufficient to bring the Loan currenl, without waiver of any rights hereunder or prejudice to its righls to refuse such paymenl or pariial payments in tlie future, but Lender is not obligated to apply such payments at tlie time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then L,ender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balancc undcr thc Notc immcdiatcly prior to forcclosurc. No offsct or claim which Borrowcr might have now or in the future against Lender shall relieve Borro�ver from making pa`�ments due under the Note and this Security Instrument or performing the covenants and agreements secured b_v this Security Lnstrumenl. 2. Applicationof Payments or Proceeds.E�cept as othenvise described in this Section 2, all payments ' 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 payments shall be applied to each Periodic Pavment 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. [f Lender recei��es a payment from Borrow�er for a delinquent Periodic Pa}�ment �vhich includes a sufficient amounl to pay �ny lale charge due, the payment may be applied to the delinquent paymenl and the lale charge. If mare 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 estent that, each payment can be paid in full. To the estent that any elcess esists after the payment is applied to the full payment of one or more Periodic Payments, such e�cess may be applied to any late charges due. Voluntary� prepayrnents shall be applied first to any prepayment charges and then as described in the Note. NEBRASKA-Single Family-Fannia MaetFreddie Mac UNIFORM INSTRUMENT Form 3028 1101 VMP � � VMPB(NE� (110� DO Wolters Kluwer Financial Services Page 4 of 17