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201U0773� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real praperty. UNIFORM COVENANTS. Borrower and I.ender covenant and agree as follows: 1. Payment oF Principal, Interest, Escrow Items, Prrepayment Charges, and Late Chacges. 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 Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instzvment sha11 be made in U.S. currency. However, if any check or other instrument received by Lender as payznent under the Note ar this Security Instrurnent is returned to Lender unpaid, Lender may require that any or a11 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 insured by a federal agency, instrumentality, or entity; or (d) Electronic Punds Transfer. Payments are deemed received by Lender when received at Che location designated in the Note or at such other location as may be designated by L,Qnder 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. Lender rnay accept any payment or partial payment insuf�cient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights Co refuse such payment or partial payments in the future, but Lender is not abligated ta apply such payrnents 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.ender may hold such unapplied funds until Borrower makes payments to bring the I.oan current. If Borrower does not do so within a reasanable periad of tirne, Lender shall either apply such funds or return them to Barrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against L.ender shall relieve Borrower fram making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. ExcepC as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in che following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) arnounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any xemaining amounts shall be applied �rst ta late charges, second to any other amounts due under this Security Instrument, and then ta reduce the prinCipa,l balance of the Note. If L,ender receives a payment fram Borrower for a delinquent Periodic Payrnent which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payrnent and the late charge. If nr�ore than one Periodic Payment is outstanding, Lender rnay apply any payment received from $orrower to the repayment of the Periodic Payments if, and to the extent that, each payrnent can be paid in full. To the extenC that any excess exists after the payment 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 described in the Note. Any applicatipn af payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payrnents. 3. �nds foc Escrow Items. Borrower shall pay to Lend�r an the day Periodic Payments are due under xhe Note, until the Note is paid in fixll, a sum (tha "Funds") ta provide for payment of arnounts due for: (a) taxes and assessments and other iCems which can attain priority over this Security Instrument as a lien or 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) Martgage Tnsurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) �oet t 1 Page 4 of 16 iniciais: � Form 3028 1/01 . ; ,;i '.