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�410U�3 THIS SECURITY INSTRUMENT combines unifarm covenants for national use and non-uniform covenants with litnited variations by jurisdiction ta constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Princi�al, Interest, Escrow Ttems, 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 Note. Borrower shall also pay funds for Bscrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrunnent is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be rnade in one ar mare of the following forn�s, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank 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, instnunentality, or entity; or (d) Blectronic 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 L,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 insuf�cient to bring the Loan current. I.ender may accept any payment or partial payment insufficient to bring the Loan currant, without waiver af any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but I.ender is not obligated to apply such payrnents 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. �,ender may hold such unapplied funds until Borrower makes payrnents 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 Borrawer. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note irnmediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower fram making payrnents due under the Note and this Security Instrurnent or perfonning the covenants and agreements secured by this SecuriCy Instrument. 2. Application of Payrnents or Proceeds. Except as otherwise described in this Section 2, all payments accepCed and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any rernaining amounts shall be applied �rst to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment re�eived from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payrnent 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 describe�l in the Note. Any application of payments, insurance proceeds, ar Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the annount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periadic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of arnounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrurnent as a li�n or encurnbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiwns for any and all insurance required by L.ender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � �oaii� Page4of 15 ir,�nais•,�� '`„� L�� Form 302$ 1/01 � �, ' ) + � t � � , ; {,,