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201109428 BORROW�R COV�NANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to �rant and convey the Property and t1i1t tlie Property is unencumbered, except foi•encumbrances oI'record. Borrower warrants and will def�nd generally the title to the Property against all claiuzs and�deinands�, siYbject to any euaumUrances-of recorcl. THIS S�CURITY INSTRUMENT comUines uniform covenants for national use at�d non-uniform covenants with li�ni�ed vas•iations by jtrrisdiction to constitute a uniform secu�ity instruinent eovering real property. Uniform Covenant�� Boi•rower and Lender covenant aild agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower s�a11�ay when due tlie principal of, anc�interest on, the deb� evideneed by tlYe Note flnd any prepayment charges and late charges dua iu�der the Note. Borrower shall 11so pay fztnds for Escrow Items pursuant to Section 3. T'ayinents due under the Note and this Sectu•ity Ins'truinent shall be inade in U.S. curreiicy. However, if aiiy checic or other instrument received vy Leiider as payinent under the Note or this Security Instruinent is returned to Lencler unpaid, Lencier may require that any or all suUsequent payinents due uiider the Note arld tl�is Sacurity Ins�rument be made in one or inore of the following foriils, as selectecl by Lencler: (a) cash; (b)money order; (c) certified checic, U�nlc checic, treasurer's checic or casliier's check;�rovided any such chec7c is drawn upon an institutioii whose deposits are insured by a federal a.gency, ivstrumental'ity, or eiltity; or (d)Electroiuc I'LUids Ti�nsfer. Payments are deemed recaived by Lender when received at tlie location designated in the Note or at suoh other location as may be designated�y Lerider in ac�ordar�ce with t11e notice provisions in Section 15. Lendei may return anq payment ar•partia.l payinent if�lia p�yment ot•partial paysnents are insufficient to Uring the Loan current. Lei7der inay accept any payment or partial payinent insuf�cient to bring the Loa11 current, without waiver of any rights hereunder or prejudice to its rights to i•efiise such payment or partial payments in the futtu•e, but Lender is not obligated to apply suclz payiilents at the time sucli p�yinents are accepted, If each Periodic Payment is applied as of its schecluled due date, then Lender ileed not pay interest on unapplied fi.ulds, Lender ulay hold such unapplied fiuzcls titntiil Borrower m�lces p�yinents to bring the Loan cui•rent. If Borrower c�oes not do so within a reasonaUle period of tim�, Lender sha11 either apply such funds or return them to 13'orrower. If not applied earlier, such fiinds wi11 be appliecl to the outstanding principal balaiice under the Note iinmediately prior to foi•eclosure. No offset or claim which Borrower might 11ave now or in the fiiture ag�inst Lencler shall relieve Borrower froin malcing payments due under the Note and this Security Instrunienti or�erfnrining tlze covenants and agreeineizts secured l�y this Secui�ity Instruinent. 2. Applieation of Payments or Proceeds. Except as otherwise descriUed in tkis Section 2, all payments accepted�d a�plied by Lender shall be appli�d in t1�e following order of priority; (a)interes�t due tulder the Note; (U)principal clue under tlie Note; (c)ainounts due under Section 3. Such payments sh�t11 be applied to eacli Periodic Payinont ii1 tl�e oi°cler in wluch it becaine dtie. Aizy rein�ining ainounts sh�ll be�applied first to late cltarges, second,�o any other amonnts due unde�•tl�is Security Instrurnent, and tlien tio reduce the principal balanoe o�tihe Note. If Lender receives a p�tyment from Borrower for a delinquent Periodic Payment which includes a sufficienti �inount to pay any late aharge dtte, the payment rnay be appl'ied to the delinquent payinent and the late cll�rge. If inore than one Pe�iodic Payment is oLitstanding, Lender may ap�1y any payment received fi�oril Borrower to tl�e repayment of the Periodic Payments if, a�d to the extent that, each paynzent cail be paid in fiill. To the extent th�t�ny excess exists after the p�yment is a�plied to the full payment of ove or moi�e Pei•iodic Payments, such excess may be applied to any late charges due. Voluntary preplyinents sh�tll be applied�rst to any prep�yment ch�rges�nd then 1s descriUed in tlie Note. 281234 NEBRASKA-Single Family-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1J01 VM P O VM P6(NE)(1105J Wolters Kluwer Financial Services Page 4 of 17