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201109302 BORROW�R COV�NANTS that Borrower is l�wfully seised of the estate lzereby conveyed a�id has t11e riglzt to grant and convey the Pi•operty aild that the Property is unenctunUered, except for encumUi•ances of record. Borrower warr�ntis aud wi11 clefend generally the title to the Property against all claiins and deinulds, subjec�to any encumbi-ances oF record. THIS SECURITY INSTRUMENT combines uniform covenants for natioiial use and non-unifornz covenants with liinited va��i�tioils by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and�gree as Follows: 1. I'ayment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 pay when due the principal of, and iiiterest on, tlie debt evidenced by the Note and any prepayment ch�rges �tncl late charges due under tlie Note. Borrower sh�ll also pay funds for Escrow Items pursuaiit to Section 3. Payineilts due under the Note�nd this Security Instruineilt shall Ue nz�de in U.S. cu��ency. IIowever, if�ny check or other instrunlelit received by Lender as payment under tke Note or this Security Instrumenti is returnecl to Lender unplid, Lender inay reqttire that any or all subsequent p�yments due iuider the Note antl this Security Instriiinent Ue m�de in one or more of the rollowing forins, �s selected by Lender: (a) cash; (b)inoney order; (c) certi�ed checic, Uanlc checic, treasurer's checl�or cashier's checic, provided any such checic is drawn upon an i�7stitution whose tleposits ase insurec�by a federal agency, ins'truinentality, or entity; or (d)Electronic runds Transfer. Payinents are deemecl received 1�y Lender wlien receivecl at the location designated in the Note or at such a�her location as may Ue d�signated by Lender in accar•dance yvith the notice provisions in Section 15. Lender may rettitrn a�iy payment or parEial payment if the payinent or pas•tial payments are�instiifficient to bring the Loan current. Lendar may aocept any payinent oi��artial payznent insufficie�t to bring the Loan current; without waiver of arzy riglits hereunder or prejudice to i�s rights to refuse such payment or partial payinents in the fitture, Uut Lender is not obligated to apply such payineiits at the time such�ayinents are accepted. If elch Perioclic Payineilt is a�plied�s of its scheduled due date, then Lentler neeci not pay interest oii unapplied fullds, Leneler m�y hold such unap�lied fiuids until Borrower iii�lces p�yments to brivg the Loan current. If Borrower does not do so within a reasonaUle perioc�of tiine, Lender shall eitl7er apply such fiulds or retiu•n thein to Borrower. If not applied ea�•lie�, s�ich funds wi11 be applied to the autstandi�lg _ principal Ualance undei•the Note iuunediately prior to foreclosure. No offset or claim whicli Borrower inight have uow or in the future��gainst Lencier sh�ll relieve Borrower from m�lcing payments due under the Note and tliis Security Instrument or performing the covenants ancl agreeznents secured by this Security Ius�rtunent. 2. Application of Payment� or Proceeds. �xcept as otherwise desci•iUed in this Section 2, all p�yinents accepted and appliec�Uy Lender sl�all ve applied in fhe£ollowing orcler of priority: (a) interest due under tlie Note; �(b)principal due under the Note; (c) linotuits due under Section 3. Sucli pl�ments�sh�ll be applied to each Periodic Payment in the order in which it�ecame due. Any reinainii�g ainounts sha11 be appliad�'irst to lata charges, aeco7id to any otlier arizotu7ts due itnder this Security Instrument, aud then to reduee t11e priilcipal balauee of the Note, If Lender receives a payment froin Borrower for a delinquent Periodic Payinent which incltiides � suFfieient amount to pay auy la�e charge due, th�payment inay be applied to �he delinqtiient�aynient a�id tlie late chal•ge, If more than one P�iAiodic T'ayinent is autst�uding, LeXlder ma.y apply any payinent received fi•oi1� Borrower to the i•e�ayment of the Periodic Payments iF tind to t11e extent that, each payment caii be paid in full. To the extent that�ny excess exists after tha payment is �pplied to ihe ftill p�ymeiit of o�ie or more Periodic Payments, such excess m�y Ue�pplied�o any late charges c�tte, Voluntary prepayments s�a11 be applied first to any prepayment ch�rges and thei��s describecl in the Note. 231232 NEBRASKA-Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1101 VMP O VMP6(NE)(1105) Wolters Kluwer Financlal Services Page 4 of 17