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�01007872 THIS SECUAITY INSTRUMENT combines uniform covenants for national use and non-uni£orm covenants with limited variations by jurisdictian to constitute a uniform security instrument covering real property. LTNI:FO'RM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment af Principal, lnterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, che deht evidenced by tk�e Nate and any prepayment char�ec and late charges due under the Note. Borrawer shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security lnstrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this 5ecurity Instrument is returned to T.ender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this Security Instrurnent be made in one or more of the following fornas, 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 institutipn whose deposits are insured by a federal a�ency, instxumentality, or �ntity; 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 may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Laan current. Lender may accept any payment or partial payment insuf�cient to bring the Loan current, without waiver of any rights her�under or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is npt obligated to apply such payments at the time such payments are accepted. If each Periodic Payment i� 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, Lender shall either apply such funds or return thezn to Borrower. If not applied earlier, such funds will be applied to the outstandin� principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from 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. Except as otherwise described an this 8ection 2, all payments accepted and applied by Lender sha11 be applied in the following order of priarity: (a) interest due under the Note; (b) principal due under the Nate; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it becaxne due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this 5ecurity Instrument, and then to reduce the principal balance af the Note. If Lender receives a payment frnm Borrower for a delinquent Feriodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payxnent and the late charge. If more than one Periodic Payrnent is outstanding, Lender may apply any payment received 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 payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepaym�nts shall be applied first to any prepayxnent charges and then as described in the Note. Any application of 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 Payments. 3. Funds for Escrow Iten�s. Sorrower shall pay to Lender on the day Periodic Payments are due under the Npte, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxeti and assessments and ather items which can attain priority over this Security Instrurnent as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Properiy, if any; (c) premiuras for any and all insurance required by T.ender under Section 5; and (d) Mortgage Insurance 230933 NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT �-6�NE) �oeii� Page4 of 15 Initials: �i 17 C.t� Form 3028 7/01 � ��