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201007491 THIS SECURITY INSTRUMENT combincs unifarm cavenants for national use and non-uniforni covenants with limited variations 6y jurisdiction to constitute a uniform security instrumcnt cnvering real property. UIVIFORM COVENANI'S. Borrower and Lender covenant and sgrec as follaws: 1. Payment of Principal, Intereat, E�crow Items, Prepayment Charges, and Latc Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges aand late charges due under the Note. Borrower shall als� pay fiwds for Escrow Items pursuant to Scction 3. Payments due under thc Note and this Security Instrurtient shall be made in i1.S: curtency. However, if any check or othet instrument received by Lender as payment under thc Note or this Security Instnimcnt ig returned td Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Tnstnunent be made in one or more of the follawiag fottns, as selected by I.ender: (a) cash; (b) tnaney order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose dc,posits are insured by a federal agency, instnunentality, or entity; or (d) �Lecironic Funds Transfer. Paytnents are deemed received by I,cnder when received at the location designated in the 1Vote or at such other location as may be designated by Lendar in accardance with the notice provisions in Sectian 1 S. Lender may return any payment or partial payment if the payment or parkial payments are insufftcient to bring the Loan curtent. Lender may accept any payment or partial paytnent insufficient to bring the Loan current, without waiver af �ny rights hereunder or prejudice to its righfs to refuse such payment or partial payments in the future, but Lender is not obligated ta apply such payments at the time such payments are accepted. If each Feriodic Payment is applied as of its scheduled dus date, then Lendcr need nat pay interest on unapplied funds. Lender may hold such t�napplied funds until Borrower makes payments to bring the Loan current. If Bartowet does not do so within a reasonable period af time, Lender shall either apply such funds or return them to Borrower. If nat applied earlier, such funds will be applierl ta the outstanding principal balance under the Nate inamediately prior to foreclosure. No offset ar claim which Borrower might have now or in the future against Lender shall relieve Horrowet from raaking payments due under the Note and this Security Inshvment or performing the covenants and agreeraents secured by this Security Instrument. 2. App�ication ot Payments or Froceeda. Except as ntherwise described in this Section 2, all payments accepted and applied by Lendet shall be applied in the following ardcr of prinrity: (a) interest due under the Nnte; (b) principal due under the Note; (c) au�,ounts duc under Section 3. Such payments shall be applied to each Petiodic Payment in the ardcr in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts duc und�' this Security Instnunent, and then to reduce the principal balance of the Note. If Lender receives a paytnent from Horrower for a delinquent Periodia Paynacnt which includes a sufficient amount ta pay any late charge due, the payment may be applied ta the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lcnder may apply any payment received from Sorrower to the repayment af the Periodic Paytnents 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 more Periodic Paytnents, such excess may be applied to any late charges due. Voluntary prepayments shall be applied itrst to any pr�aymcat charge� and then as described in the Note. Any application of payment�, insurance proceeds, or Miscellaneous Procee�s to principal due undcr the Note shall not extend or pastpone the due date, or change the amauut, of the Periodic Payments. 3. Funds far Eserow Items. Sorrower shall pay to Lender on the day Periodic Payments ate due undcr We Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for_ (a) taxes snd ussessments and othcr items which can attaiu priority over this Security Instrument as a liea or encutnbtance on the Property; (b) leasehold paymenta or gtnund rents on the Froperty, if any; (c) premiume for any and a11 insurance requirod by Lender under Section 5; and (d) Mnrtgage Insurance NEBRASKA- Stngle Famlly - Fannip M�sf�reddls Mac UNIFORM INSTRUMENT ��(NE) �oett) Pap�4ot15 inia■i . Form 3028 1/01