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201007483 THIS SECURITY INSTRUMENT combines uniform covenants £or national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. CTNIFORM 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 prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Iterns pursuant to Section 3. Payments due under the Note and this Security Instrument shall be znade 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 unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following Forms, 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 insurad by a federal agency, instnunentality, 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 desi�nated by Lender in accordance with the notice provisions in Sectipn 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 pr partial payment insuf�cient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments ian the future, but Lender is not obligated to apply such payments at the tirne such payments are accepted. lf 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 mak�s payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender sha11 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 ixnmediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making pay�anents due under the Note and this Security Instrument or perfprming the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as atherwise described in this Section 2, all payments accepted and applied by Lender sha11 be applied in the following order pf priarity: (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 remaining amounts shall be applied first 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 Borrawer £or a delinquent Periodic Fayment which includes a suf�icient amount to pay any late charge due, the payament may be applied to the delinquent payment ar�d the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayrnent 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 fu11 payrnent of one or more Periodic 'Payments, such excess may be applied to any late charges due. Valuntary prepayments shall be applied first to any prepayment char�es and then as described in the Note. Any application of paynnents, insurance proceeds, or Miscellaneous Proceeds ta principal due under the Note shall not extend ar postpone the due date, or change the amount, af the Perindic Payrnents. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provida for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehald payments or ground rents on the Praperty, if any; (c) premiums for any and all insurance required by Lender under Section S; and (d) Mortgage Insurance 10-09-000003 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRLIMENT ,,,,> �-6�NE) �oe�� Page4 of 15 init�ais: ,��`".. Form 3028 1101 �