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2oo9o~soi 'THIS SECURITY INSTRUMENT combines Lmiforn~ covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a Lu~.iform security instnu~~ent covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Xtems, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest an, the debt evidenced. by the Note and any prepayment charges and late charges due under the Note. Iorrower shall also pay Binds far Escrow Items pursuant to Section 3_ Payments due under the Note and this Security Instrument shall be made in U_S_ currency. However, if any check or other instrument receivcci by Lender as payment under the Note or this Security Instrument is rehuned to Lender unpaid, Lender may require that any ar all. subsequent payments due under the Note and this Security Instnunent be made i:n one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certiticd check, bank chcclc, treasru•er's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrcuuentality, or entity; or (d) Electronic funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufftcient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to reliise such payment or partial payments in the ftYture, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its schedLded due date, then Lender need not pay interest on unapplied funds. fender xnay hold such unapplied fiuads until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period oP tinic, 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 immediately prior to foreclos>ue. No offset or claian which Borrower might have now or in the future against fender shall relieve Borrower front malting payments due under the Note and this Security Instrument ar perfon~~ing the covenants anal agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. 1~xcept as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest drxe under the Note; (b) principal due under the Note; (c) ~unotimts due under Section 3. Such payments shall be applied to each Periodic Payment in the order iu which it became due. Any remaining amounts shall be applied first to late charges, second to any other am.otmts due Linder this Security Instrument, and then, to reduce the principal balance of the Note. If Lender receives a payzxxent from Borrower for a delinquent Periodic Payn~.cnt which inclLides a sufficient amount to pay any late charge due, the paymenl clay be applied to the delincuent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any paytx~ent received from Harrower to the repayment of the Periodic Payments il; and to the extent that, each payment can be paid in ftxll. 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 charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall zzot extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Horrower shall pay to Lender on the day Periodic Payments are due under the Nate, until the Note is paid in full, a sLUm (the "funds") to provide lirr payuie.nt of axnoLUZts due for: (a) taxes and assessments and other items which can attain priority over this Security lnstnunent as a lien or encumbrance on the Property; (b) leasehold paymet~ls of gtoLmd rents on rite Property, iF any; (c) prenniuxns far any and all insurance required by Lender under Section 5; and (d) Mortgage InsLUance NEBRASKA- Single Family -Fannie Mae/Freddle Mac UNIFORM INSTRUMENT -6(NE) toa~~~ Page 4 of15 mitiais:/! ~ Farm 3028 7/01