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201047�3� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a unifprm security instrunnent covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follaws: 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 prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Iterns pursuant to Section 3. Payments due u.nder the Note and this Security Instrument shall be rnade in U.S. currency. However, if any check or other instnxment received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender miay require that any or all subsequent payrnents due under the Note and this Se�urity Instnunent be nnade in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certi�ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institutian whose deposits are insuared by a federal agency, instrumentality, 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 designated by Lender in accordance with the notice provisions in Section 15. I.ender may return any payment or partial payment if the paym�nt or partial payments are insuf�cient to bring che Loan current. Lender may accept any payrnent ar partial payment insufficient to bring the Loan cucrent, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is nat abligated to apply such paynnents at the time such payments aze accepted. If each Periodic Payrnent is appli� as of its scheduled due date, then L,ender need not pay interest on unapplied funds. Lender may hold such unapplie� funds until Bo�rrower malces payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or retum them to Borrower. If not applie� earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to fpreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Bonower from making payments due u�nder the Note and this Security Instniment or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payment� ar Prpceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payrnents shall be applied to each Periodic Payment in the order in which it became due. Any remaining aznounts shall be applied first to late chazges, second to any other amounts due under this Security Instrurnent, and then to reduce the principal balance of the Note. If Lender receives a payrnent frorn Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payrnent may be applied to the delinquent payment and the late charge. If marc than one Periodic Payment is outstanding, Lender may apply any payment re�eived frorn 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 payrnent of one or rnore Periodic Payments, such excess ma,y 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 application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall nat extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrpw 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 Instrument as a lien or encumbrance an 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 UNIFQRM INSTRUMENT r � �-61NE) loett� Page4of 15 in�c�ais: r'"''1� � Form 302$ 1/01 � ��r i ? .��r ,t