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�oioo�4�9 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform cov�nants 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 �tems, Prepayment Charges, and Late Charges. Borrawer 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 NoCe. Borrower shall also pay funds for Escrow Items pursuant to Sectian 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any cheGk or other instnunent received by I,ender as payment under the Note or this Security Instrument is returned to Lender unpaid, L.�nder may require that any or a11 subsequent payments due under the Note and this Security Tnstrument be made in onc pr more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check ar cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; ar (d) Electronic Funds Transfer. Payments are deemed received by L.ender when received at the location designated in the Note or at such other location as may be designated by I.end�r in accordance with the notice pravisions in Section 1S. Lender may return any payment or partial payzanent if the payment or partia] payments are insufficient Co bring the Laan current. Lender n7ay accept any paymenC or partial payment insuf�cient to bring the I..oan current, without waiver af any rights hereunder or prejudice to its xights to refuse such payment or partial payrnents in the future, but I.ender is not obligated to apply such payments at the time such payments are accepted. If each Periadic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. L,Qnder may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of tirne, Lender shall either apply such funds or return them ta Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Nate immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against L.ender sha11 relieve Borrower from making payments due under the Note and this Security Instrument or performing the covena�ts and agreements secured by this Security Instrument. 2. Application of Payments or Proeeeds. Except as otherwise described in this Section 2, a11 payments accepted and applied by Lender shall be applied in the fallawing 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 ord�r in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Secuxity Instrument, and then to reduce the principal balance of the Note. If �.,ender receives a payment from Borrower for a delinquent Periodic Payrnent which includes a suf�icient amount to pay any late charge due, the payment may be applied to the delinquent payment and t1�e late charge. If more than one Periodic Payrnent is outstanding, Lender may apply any payment received 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 payment is applied to the full payment of one or rnore Periadic Payments, such excess may be applied to any lace charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any applicatian of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall noC extend or postpone the due date, or change the amount, of the Periodic Payments. 3. �nds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payrnents are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrurnent as a lien ox encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT //' �-6(NE) �oe�� Page4of 15 Initials:, /l Fqrm $p2$ 1/01 �� . .,�l,:l, r � + : �