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201109333 BORROWER COVENANTS that Boaower is lawfully seised of the estate hereby conveye� and bas the right to grant and convey the Property and that the Properiy is unencumbered, e�ccept for encambrances of ra;ord. Bonowe,r warrants and will defend generally the title to the Properiy against all claims and demands, subject to any encumbranc�s of record THIS SECURITY INSTRUMENT combines uruform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform se�urity instrumeat covering real P�P�Y• �JNIFORM COVENANTS. Borrower and Lender covenant and agr� as follows: 1. Payment of Principal, Interreqct, Escrnw Items, Prepaycnent Charges, and Late Charges. Horrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower sha11 also pay funds for Escrow Items pursuant to Section 3. Payments due under tha Note and this Seci�rity Instrument shall be made in U.S. currency. Howeve�, if any cha k or other instrument r�ivefl by Lender as payment under the Note or this Security Inslrument is returne� to Lender unpaid, Lender may require that any or all subse4u�'►t PaY�� due under the Note and this Sacarity Inslrument be made in one or more of the following fo�s, as select� by I.mder: (a) cash; (b) m�ney arder; (c) certifie� check, banlc chec]� treasurer' s check or cashier' s chetl� providefl any such chec k is drawn upon an institu4ion whosa deposits are insured by a federal agency, instrumentality, or entity; or (� Eleclronic Funds Trazisfer. Payments are deemed received by I,ender when r�iv� at the la�tion designated in the Note or at sucl� other loc�tion as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may retum anY PaYment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender maY �Pt �Y PaY�t � P� P��t insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refiasa such payment or Paztial payments in the futura, but Lender is not obligated to apply such payments at tha time 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 fimds imtil Boirower makes payment to bring the Loan curtent 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 balance under the Note imme�iiately prior to for�losure. No offset or claim wluch Hoaower might have now or in the firture against Lender shall relieve Borrower from maldng payments dua under the Note and this Security Insbrument or performing the covenauts and agreemmts secured by this Se�urity Tnctrnmen 2e Application of Pa�ments or Proceeda. Except as othervvise described in this �Ction 2, a1l payments accept.�d and apphe� by Lender shall ba applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Se�tion 3. Such payments shall �be applied to each Periodic Paymeat in the order in which it berame due. Any remaining amounts sbalt be applied first to late charges, second to any other amounts due under this Security Ins�t, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment wlrich includes a sufficient amount to pay any late charge due, the payment may be appli� to tha delinquent payme�nt and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment c� be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment charges and then as descn'bed in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, ar change the amount, of the Periodic Payments. 3. lbnds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over ttus Se�urity Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Progerty, if any; (c) premiums for any �d all insurance required by Lender under Section 5; and (d) Mortgage Tnsarance 2200194778 a v6� NEBRASKA - Singla Family - Fannle MadFreddle Mac UNIFORAA INSTRUMFNT��I�Ij�� — (�-6A(NE� foe�o) Pege 4 of 16 �; Form 3028 1/01 �