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201109342 $ORROWER COVENANTS 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 cncumbrancea of record. ' Borrower warrants and will defend generally the title to the Property againaf all claims and demands,subjeci to any encumbrances of record. THIS SECURITY INSTRLTMENT combines uniform covenants for nationa]use and non-uniform covenants witL ]imited variations by jurisdiction to coastitute a uniforro security instrument covering real property. Unifornt Covenants.Borrower and Lender covenant and agree as follows: 1. Payment of Principal,Interest,Escrow Items,PrepaymentCharges,and Late Charges.Borrowet ' shall pay when due t6e principal of,and interest on,the debt evidenced by the Note and any prepayment charges and lata charges due under the Note.Botrower shall also pay fitnds for Escrow Items pursaant to Section 3.Payments due under t6e Note and thia Security Instrument shall be mado in iI.5.currency. However,if any check or otl�er instturoeat received by Lender as payment under t6e Note or this Sceurity Instrument is retumed to Lender unpaid,Lender may require tbat any ar all subsequent payments due under the Note and this Secwtity Instrument be made in oae or more of ihe following forms,as selected by Lender: (a)cash;(b)money order;(c)cedified check,bank check,treasurer's eheck or cashier's check,provided any. such check is drawn upon att institution whose deposits are inswed by a federa]agency,instrumentality,or entity;or(d)Electronic Funds Transfer. Payments ere deemed received 6y Lender when received at the locatioa designated in the Note or at such ' other iocation as may be designated by Lender in accordance with the notice provisions in 5ection l5. Leader may retum any payment or partial payment if the payment or partial payments are insufScient to bring the Loan current.Lender may accept aay payment or partial payment insufficient to bring the Loaa , cuaent,without waiver of any righta hereunder or prejudice to its rights to refuse such payment or partia) payments in the future,but Lender is not obligated to apply such payments at the time such payments are accepted.If each Periodic Paymeat is applied es of its scheduled due date,then Lender need not pay interest on upapplied funds.Lender may hold such ttnapplied funds until Borsower makes paymcats to bring the ' Loan current.If Borrower does aoi do so within a reasonable period of titae,Lender sha11 either apply such fuads or retum them to Boaower.If not applied earlier,such fnnds will be applied to the outstanding principa!balance under the Note immediately prior to fareclosure.Na offset or claim which Boirower mighf , have now or in the fi�ture against Lender s6a11 relieve Borrower&om makipg paymedta due w�der tLe Note and ihis Security Instrument or performing the covenants end agreements secured by this Security Instrument. 2, Applicationof Payments o�P�oceeds.Except ae otherwise described in ihis 5ection 2,all paymenta accepted and applied by Lender shall be applied in the following ordcr of priority:(a)intcrest due undcr t6e Note;(b)principa]due under the Note;(c)amounts due uader Section 3.5uch payments shall be applied to each Periadic Paymeni in the order in which it became due.Any remaining amounte ehall be applied first to ]ate charges,second to any other amounts due under tLis Security Instrument,and t6ed to reduce the principal halance of thc Note. If Lender receives a payment fmm Borrower for a delinquent Periodic Paymcnt which includes a sufficient amount to pay any late charge due,ihe payment may be appliad to the deliaquent payment and lhe late charge.IF more than one Periodic Payment is outatanding,Lender may apply any payment rcceived firom Borrower io the repaymedt of the Periodic Payments if,add to the extent that,each payment can be paid in full.To the extent that any exceas exists after the payment is applied to ltte full payment of one or more Periodic Paymenta,sqch excess may be applied to any lato charges due.Voluntary prepaymettts sLall be applied first to any prepayment charges and then as described in t6a Note. NEBRABKASirgk famiyr-Farmie MeelF�sdtl�s Uac UNIFORM INBTRUMENT ��'�•- , Fwm 3028 7701 � VMP� VMPB(NE)(1105�00 Wolton Kluwar Finarrcid 5rrvicoa �,(� . Pepe 9 of 17 J