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2oioo�s�o THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction. to constitute a undforn� security instrwnent covering real property. UNIFORM COVENANT�. Borrower and Lender cavenant and agree as fallows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal af, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Sorrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instnunent receive3 by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, L,ender rnay require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one or more of the following fom�s, as selected by Lender: (a) cash; (b) money order; (c) certi�ied check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insuxed by a federal agency, instnunentality, or entity; or (d) Electronic Funds Transfer. Payrnents are deemed received by Lender when received at the location designated in the Note or at such other location as rnay be designate� by Lender in accordance with the notice provisions in Section 1S. Lender may return any payrnent or partial payrnent if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuf�cient to bring the Loan current, withaut waiver of any rights herewnder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments aze accepted. If each Periadic 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 makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, I.ender shall either apply such funds oar return them to Borrower. If not applied earlier, such funds will be applied to the autstanding principal balance under the Note immediately prior to foreclosure. No offset or clairn which Borrower might have now or in the future against Lender shall relieve Borrower from rnaking payments due under tY�e Note and this Security Instrument or performing the covenants and agreements secured by this Security Tnstrument. 2. Application of Payments or Proceeds. 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) arnounts due under Section 3. Such payments shall be applial to each Periodic Payment in the order in which it became due. Any rernaining amounts shall be applied �rst to late chazges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If I,ender receives a payrnent frorn Bonower 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 chazge. If more than one Periodic Payment is outstanding, Lender ma,y apply any pay�nent received frorn Borrower to the repayment of the Periodic Payments if, and ta the extent that, each paytnent can be paid in fu11. To the extent that any excess exists after the payrnent is applied to the full payment of one or more Periodic Payrnents, such excess may be applied ta any late chazges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payrnents, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or pastpone the due date, or change the amount, of the Periodic Payments. 3. Funds far Escrow Items. Borrower shall pay to T.ender on the day Periodic Payments are due under the Nate, until the Note is paid in full, a sum (the "Funds") to provide for payrnent of arnounts 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) leasehold payments or ground rents on the Property, if any; (c) premiums fpr any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie M�elFreddie Mac UNIFORM INSTRUM�NT �-6(NE) lost �1 Page 4 of 15 iniciais: Form 3028 1I01 � y � q � � i ; ; . .^; . . � �