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2411~U712$ THIS SECURITY INSTRUMENT 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 ~nd Lender covenant and agree as follows: 1. Payment of Principal, Interest, screw Itenns, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal ~f, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due unGler the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under he Note and this Security Instrument shall be made in U. S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender un aid, Lender may require that any ar all subsequent payments due under the Note and this Security Instr ment be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money ~rder; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check i drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) 8lectronic Funds Transfer. Payments are deemed received by Len er when received at the location designated in the Note or at such other location as may be designated by ~ ender 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 ~ny payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder nr prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not o~ligated to apply such payments at the time such payments are accepted. If each Periodic Payment is appl ed as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may h~rld such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borra~er. If not applied earlier, such funds will be applied to the outstanding principal balance under the Not immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future gainst Lender shall relieve Borrower from making payments due under the Note and this Security Instxu ent or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Pro Beds. Except 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 due under the Note; (b) principal due unde~ the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment iq the order in which it became due. Any remaining amounts shall be applied first to late charges, second Ito any other amounts due under this Security Instrument, and then to reduce the principal balance of the Nbte. If Lender receives a payment from l3~rrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge du ,the payment may be applied to the delinquent payment and the late charge. If more than one Periodic P ent is outstanding, Lender may apply any payment received from Harrower to the repayment of the Peri die Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess e>Fists after the payment is applied to the full payment of one or mare Periodic Payments, such excess may b~ applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges grid then as described in the Note. Any application pf payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend ox postpone the du~ date, or change the amount, of the Periodic Payments. 3. Flmds for lE'<serow Items. Borrowe~ shall pay to Lender on the day Periodic Faytnents are due under the Note, until the Note is paid in fula sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other ire which can attain priority over this Security Instrument as a lien or encumbrance an the Property; (b) le~sehald payments or ground rents on the Property, if any; (c) premiums for any and all insurance requirgd by Lender under Section 5; and (d) Mortgage Insurance 134-1 NEBRASKA -Single Family -Fannie MaelFreddle Mac UNIFORM INS7RUMEN7 rr / -s(NE) (0811) ~ page4 of 1b Initials: -a~zy~~ Form $l}28 1lOt w G'