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�o�oo�rs�4 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to canstitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and L.ender cavenant and agree as follows: 1. Payment oF Pcincapal, Interest, Escrow Items, Prepayrnent 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 ax�d late charges due under the Note. Borronver 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 instrument received by Lender as payrnent under the Note or this Security Instrument is returned to I.,ender unpaid, Lender may require that any or all subsequenc 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 arder; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposics are insurad by a federal agency, instrumentality, ar entity; ar (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such othex location as may be designated by Lender in accordance with the notice provisions in Section 1S. Lender may returr► any payment or partial payment if the payrnent or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payrnent insufficient to bring the Loazi current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payrnents in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic 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 Borrawer makes payments to bring the I.oan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds ar return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal ba,lance 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 t7�is Securicy Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proeeeds. Except as otherwise described in this Section 2, all payrnents accepted and applied by Lender sha11 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 payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payrnent which includes a sufficient amount to pay any late charge due, the payment may be applied ta the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, L,�nder may apply any payment received from Borrower to Che repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exiscs after the payment is applied to the full payment of one or rnore Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayrnent charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Praceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periadic Payments. 3. Ftinds for Escrow Items. Borrower shall pay to Lender on the day Periadic Payrnents are due undar the Note, until the Note is paid in full, a surn (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 on the Property; (b) leasehald 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 UNIFORM INSTRIJMENT �-6(NE) 1oe�i1 Page4 of 15 inieiais: Form 3028 1/01 F��.. � ro �