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�oioo7s�� THIS SECUAITY INSTKUMENT cambines uniform cvvenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. LTNIFORM C�VENANTS. Borrawer and Lender covenant and agree as follows: 1. Payrnent af Principal, Interest, Escrow ltems, 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 chaz 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 5ecurity lnstrument shall be znade in U. S. currency. However, if any check or other instrument received by Lender as payment under the Nate or this Security lnstrument is returned to Lender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one or more of the following forxz�s, 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 depasits are insured by a federal agency, instruz�entality, 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 5ection 15. Lender zx�ay return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payrnent or partial payment insuf�cient to bring the Loan current, without waiver of any rights hereunder 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 are 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 doe� not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the autstanding principal balance under the Note imrnediately prior to foreclosure. No affset or claim which Sorrower 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 Fayments or Proceeds. Bxcept as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in tk�e following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Sectian 3. Such payments shall be applied to each Periodic Payment in the ord�r in which it became due. Any remaining amounts shal] 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 Nota. If Lender receives a payment from Borrower fpr a delinquent Periodic Payment which includes a sufficient amaunt to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Bonower 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 Paynr�ents, such excess may be applisd to any late charges due. Voluntary prepayments sha11 be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceads, 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 �serow Items. Borrower shall pay to Lender on the day Periodic Payrnents are due under the Note, until the Note is paid in full, a suzn (the "Funds") ta provide for payment of amounts due for: (a) ta7ces and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payrnents or ground rents on the Property, if any; (c) premiums for any and all insurance required by L�nder under Section 5; and (d) Martgage Insurance 230935 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-B(NE) (D811) Page4 of 15 Initials: Fo�RI 3028 1101 �