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r � � 4 201007515 THTS SECURITY INSTRUMENT combines uniforni covenants for nafioxutl us� and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instturnent cav�ring real property . UNIFORM COVENANTS. Barrawer and L.ender covenant and agree as follows: 1, Payment of Principal, In#erest, Eserow Ytems, Prepayment Charges, and Late Charg�s. Borrower shall pay when du� the principal of, and interest on, the debt evidenced by the Nole and any prepaymenl charges and late charges due under the Note. Borrower shall also pay funds for Escrow It�rns pursuant tc� Secti�n 3. Payments due under the Note and this Security Instruxnent shall l� mad� in U.S. curr�ncy. However, if any check or other instrument received by Lend�r as payment under the Note or this Securify Instrument is returned to Lender unpaid, T.ender may require that any or all subsequent payments dus under the Note and this Security Instrumcnt bs made in one ar more of the following forms, as selected by Lender: (a) cash; (b) amun�y ord�r; (c) ceriified check, bank check, treasurer's check or cashier's check, provided any such chuck is drawn upan an institution whose deposits are insured by a federal agency, instrumcntality, ar �ntity; nr (d) Electronic Funds Transfer. Payments are deemed received by I,ender when receivsd at the location designated in the Note or at such other location as may l� designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial paymsnt if the payment or partial payments are insufficient to bring the L.oan current. I.�nder may accept any payment ar partial payment insufficient to bring the Y,oan current, without waiver of any rights hsr�under or prejudicc ta its rights to refuse such payment or partial payments in the future, but Lender is not c�bligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applicd as Uf ils scheduled du�s date, then Lender need not pay inGerest on unapplied funds. Lender may hold such unapplied funds until Borrawer makes payments to bring the Loan current. If BorrUwer do�s not do sp within a ar�asonable period of time, Lender shall either apply such funds or retum them to Borrower. If no[ applic:d earlier, suc:h funds will be applied to the outstanding principal balancs under the Note immediately prior ta fareclosure. No off"set or claim which Borrower might have now ar in Ch� future against L.ender shall relieve Borrower from inaking payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Sccurity Instrument. 2. Applicatian of Payments or Proceeds. Except as otherwise described in this S�ction 2, all paym�nts accepted and applied by Lender shall be applied in the following ord�r uf priarity: (a) intc:r�st due under tt�e Nok�; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied ta each Periodic Payment in the order in which it became due. Any remaining amounts shall be appli�d firsl to late charges, second to any other amounts due under this Security Instrument, and th�n 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 charge due, the payment may be applied to the d�linquent payment and the late charge. If more than one Periodic Payment is outstanding, L.end�r may apply any payment received from Borrower to the repayment of the Periodic Payments if, and tu fhe extent that, each payment can b� paid in full. 1'o the extent lhat any excess exis[s aft�r thc payzr��nt is applied ta the full payment of one or mare Periodic Payments, such excess may be applied to any late charges due. Voluntary pr�:payments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous �'roceeds to principal due under kh� Note shall not extend or postpone the due date, or change the amount, af the I'eriodic T'ayments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Paym�nts are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide. for paym�nt af amounfs due for: (a) taxes and assessmenls and ath�r items which can attain priarity over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold paymenls or ground ar�nts on the Property, if any; (c) premiums far any and all insurance required by Lender under Sectian S; and (d) Mortgage Insuranc� NEBRASKA - Single Family - Fannie Mas/FrBddie Mac UNIFORM INSTRUMEN � �-6�NE) �osi i i Pape 4 of 16 i tiais: Form 3028 1�Q1