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�O�lU��1� BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grani and convey the Property and that the Property is unencumbered, except for encambrances of r�ord Borrower warra�ats and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record THIS SECURIT3� INSTRUMENT combines uniform covenants far national use and non uniform covenants with limited variations by jurisdiction to c�nstitute a umiform security inslnnnent covering real properiy. LJNIFORM COVENANTS. Borrower and Lender covenant and agree as followa: 1. Payment of Prindpal, Interest, Escrow Items, Prepa�ment Chargea, and Late Charges. Boaower sball pay when due the principal o� and iirterest on, the debt evidenced by the Note and any Pi'ePaYment charg� and late chazges due under the Note. Borrower sha11 also pay funds for Escrow Items pursuant to S�tion 3. Payments due undec the Note and this Security Insttvment ahall be made in U.S. currency. However, if any check ar other instrument received by Lender as paymeat under the Note or this Security Instrument is returned to I.ender ut►paid, Lender may require that any or all subsequent payments due under the Note and this Secarity Instnmaent be made in one or more of the following farms, as �� b �: ca� �; ro� � �a� c�� , � � ��s � � cashier' s check, provided any such check is drawn upon an inatitution whose deposits ara insiaed by a federal agency, instrumentality, or entity; or (c� Electronic Funds Traasfer. Payments are deem,ed received by I.ender when r�eivefl at the l�t.ion designatal in the Note or at such other location as may be designated by Lender in accordance with the notice prov�ons in Section 15. Lender may reh�rn anY PaYment o�' Paztial PaYment if the payment or partial payments are insufficient to bring the Loaz► current. Lender may accePt anY PaYment or P�al PaYmex►t insuffic�ent to bring tha Loan current, without waiver of any rights hereunder or prajudica to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the tame such payments ara accepted if each Periodic Payment is applierl as of rts scheduled due date, then Lender n�d not pay interest on unapplied funds. Lender may lwld such unapplied fimds until Borrower makes payment to bring the Loan current If Bonower do�s not do so within a reasonable period of time, Lender shall either apply such fimds or return them to Borrowet. If not appliefl earlier, such fimds will be applied to the o�ding principal balance under the Note immediately prior to for�losure. No offset or claim wluch Hoaower might have now or in the firture against Lender shall relieve Brnrower from making payments due under the Note and this Se�urity Instrument or performing the covenants and a�eements se�ured by this S�urity Instsument. 2. Applical3on of Pa�ea� or Froceeds. Except as otherwise deseribed in this Se�tion 2, all payments acceptefl and appherl 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 he applied to each Petiodic Payment in the orde� in which it hec�me due. Any remaining aznatmts shall be applied first to late charges� second to any other amounts due under this Security Instrwment, and then to reduce the principal balance of the Note. ff I.ender receives a payment from Borrower for a delinquent Periodic Payment wluch includes a su�icient amount to pay any late chazge due, tha payment may be applierl to the delinquent payment 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 e�ctent that, each payment can be paid in fu11. To the extent that any exces.c exists after the payment is applied to the full payment of one or more Periadic Payments, such excess may be applied to any late chazges due. Volunhary prepayments shall be applied first to anY PrePa3'ment chazges and then as descdbed in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due undar the Note shall not eartend or poslpone the due date, or change the amoimt, of the Periodic Payments. 3. Fands for Escrow Itemse Borrower shall pay to Lender on the day Periadic Payments aze due under the Note, until the Note is paid in full, a sum (the "Funds"j to provide for payment of amounts due far: (a) taxe,s and assessments and other items which c�n attain priority over this Security Ins�ment as a lien or encumbrance on the Properiy; (b} leasehold payments ar ground rents on the Properiy, if any, (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance 2200198794 n v61�. NEBRASKA - Single Family - Fannle Mae/Fraddle Mac UNIFORM INSTFtUMENT WRH MER.S �-6A(Nq loetol Peae 4 0� �s i,una�� . �• Form 3028 1/01 � � �.�