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200206812
<br />UNIFORM COVENAN'T'S. Bomiwcr and Lender urvenunt and agree as fellows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower'
<br />shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment
<br />charges and lute charges due under the Note. Borrower shall also pay funds for Escrow Items purxuanl to
<br />Section 3. Payments due under the Note and this Security Instrument shall he made in U.S. currency
<br />However, if any check or other instrament F.eived by Lender' as payment under the Nom or this Security
<br />Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under
<br />the Note and this Security Instrument he made In one or more of the following forma, as selected by Lender:
<br />(n) cash; (b) money order, (c) certified check, bank check, treasurers clreck or cashiers check, provided any
<br />such check i, drawn upon an Institution whose deposits are insured by a federal agency, utsb'umen Wlity, or
<br />entity, or (d) Electronic Faads Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Nom or at such
<br />other location as may he designated by bender 'ut accordance with the notice provisions m Section 15. Lender
<br />may Intent any payment or partial payment if the payment or partial payments are insufficient lee bong the
<br />Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan cunnml .
<br />without waiver of any rights hereunder or prejudice to its rights to refuse such payment el partial payments in
<br />the future, but Lender is not obligated to apply such payments at the time such payments are necepled. If each
<br />Periodic Payment is applied as of its scheduled d Lh
<br />ue date, en Lender need not pay interest oil unaplied
<br />funds, Lender may held such unapplted funds until Borrower makes payment to hang the Loan current If
<br />Borrower does not do so within a reasonahle period of time, I ender shall either apply such funds or return
<br />them to Borrower It not applied earlier, such tends will be applied to the outstanding principal balance under
<br />the Note immediately poor to foreclosure. No offset or claim which Borrower might have now or in the
<br />future against Lender shall relieve Borrowcr Four making payments due under the Note and this Security
<br />Instrument or performing thecovenants and agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all puymems
<br />accepted and applied by Lender shall be applied to the following order of priority: (a) interest due under the
<br />Note; (b) principal (file under the Note; (c) ame,i due under section 3. Such poyni shall be applied to
<br />each Pennine Payment in the order in which it became due. Any remaining amounts shall he applied fir's( to
<br />Tale charges, second tc any other' all due under' this Security Instrument, and then fa reduce the principal
<br />balance of theNote
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<br />It I ender recervea a payment (rum Bonower lot a delinquent Periodic Payment which includes it sufficient
<br />amount m pay any late charge due, the payment may be applied to the delinquent payment and the late charge.
<br />If more than one Periodic Payment is outstanding Lender may apply any pay Intent received form Borrower to
<br />the repayment of the Periodic Payments if, and to the extent that, each payment can be paid is full. To Cite
<br />extent that any excess exists after the payment is rippled to the full payment of one or more p luselle
<br />Payments, such excess may be applied to any lam charges due- Voluntary prepayments shall he applied first to
<br />any prepayment charges and then as described in the Note.
<br />Any application of payments, losurance proceed,, or Miscellaneous Proceeds to this l clue under the
<br />Note shall not oxford or postpone the due date, or change the unusual, of the, Periodic Payments.
<br />3. Funds far Escrow Items. Borrower' shall pay to Lender on the day Periodic payments me due under
<br />the Nom, until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due for. (a)
<br />taxes and assessments and other' items which can attain pr'ierily over this Security Instrument as n lien ca
<br />encumhiance on the Property: (b) leasehold payments or ground rents on the Property, if any: (c) premiums
<br />for any and all insurance regaired by Lender under Suction 5; and (d) Mnngage insurance premiums, if any,
<br />or any sums payable by Borrower to Lender In lieu of the payment of Moagagc Insurance premmms in
<br />accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at
<br />any time don ling the term of the Lose. Lender may require that Community Association Dues. fees, and
<br />Assessments, it any, be escrowed by Borrowcr and such dues, fees and assessments shall be an Escow Item.
<br />Borrower shall plumply furnish to Lender all notices of amounts to be paid under Wis Section. Borrower
<br />,hull pay Leader the Funds for Escrow Items unless Lender waives Bonower's obligation to pay the Funds for
<br />any or all Escrow Items. Lender may waive Borrower's obligation in pay to Lender Funds for any or all
<br />Escrow Items at any time Any such waiver may only be. in writing. In the event of such eaiver Borrower
<br />shall pay directly, when and where payable the amounts due for any 5semw Items for which payment cf
<br />Funds has b,,cu waived by Lender and, if Lender requires, shall furnish in Lender receipts evidencing such
<br />payment within such time period as bender may require. Borrowers ohienition to make such payments and to
<br />NEBRASKA - Single Family - Fannie MaelFretldie Mac UNIFORM INSTRUMENT
<br />Form 30281/01
<br />.or Froea - Fsaor aassys
<br />_n MFNMareea vie Page of 13 Int,T,i. �Wk
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