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THIS SECURITY 1NSTRUMEN"I' combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Nate. Borrower shall also pay funds far Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. Howovor, if any check or other instrument received by Lender as payment under the Nato or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequont payments due under the Note and this Security Instrument be made in one or mono of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, back check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, 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 insufficient 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 refuse such payment or partial payments in the future, 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 scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan curront. If Borrower does not do so within a reasonable poriod 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 immodiately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Leuder shall relieve Borrower from making payments due under ttre Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by bender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal duo undor rho Nate; (c) amounts due under Section 3. Such payments shall be applied to each Poriodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any othor amounts due under this Security Instrument, and then to reduce the principal balance of the Noto. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge duo, the paymont may be applied to the delinquent payment and the late charge. If more than ono Periodic Fayment is outstanding, Lender may apply any payment received from Borrower to the repayment of rho Periodic Payments if, and to the extent that, each payment can be paid in full. To rho extent that any excess exists after the payment is applied to the Full payment of ono or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall bo applied first to any prepayment charges and then as described in the Noto. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender an rho day Periodic Payments are due undor the Noke, until the Note is paid in full, a sum (the "Funds") to provide for paymont of amounts duo for: (a) taxes and assessments and other items which can attain priority ovor this Security lnstrument as a lion or encumbrance on the Property; (b) leasehold payments or ground rents on the Proporty, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage lnsurance NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT -61NE) ~osi i i Page Q of 16 mitiais: /.~~ Form 3028 1109