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201U07879 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Barrower and Lender covenant and agree as fallows: 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 prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for &scrow Items pursuant to Section 3. .Payments due under the Nate and this Security Instrurnent shall be made in U. S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any ar all subsequent pay�nents due under the Note and this Security Instrnment be rnade in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, banlc check, treasurer's che.ck or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instn�mentality, or entity; or (d) Electronic Funds Transfer. Payrnents are dcemed received by Lender when received at the location designated in the Note or at such other location as may be desi$nated by Lender in accordance with the notice provisions in Section 15. Lender rnay return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice ta its rights to refuse such payment or partial payments in the future, but Lender is not obligated ta apply such payments at the time such paynnents are accepted. If each Periodic Payrnent is applied as of its scheduled due date, then Lender ne�ci not pay interest on unapplied fiu�ds. Lender rnay hold such unapplied funds until Borrower makes payme�r�ts to bring the Loan current. If Borrower doss not da so within a reasonable period of time, I.ender shall either apply such funds or return thern ta Borrower. If nat applied earlier, such funds will be applied to the outstanding 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 making payments due under the Note and this Security Instrunnent or pe�rforming the covenants and agreements secured by this Security Instruxx�ent. 2. Application of Payments or Proceecls. Except as otherwise described in this Section 2, all payrr�nts accepter� and applied by Lender shall be applied in the following order of priority: (a) interest due under the Npte; (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 rernaining amounts shall be applied first to late chacges, second to any other amounts due under this Security Instrument, and then to rcduce the principal balance of the Note. If Lender r�ceives a pay�nent from Borrower for a delinquent Periodic Payment which includes a sufficient amount 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 Borrower to the repayrnent 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 ta any late charges due. Voluntary prepayments shall be applied first to any prepayrnent charges and ther► as described in the Note. Any application of payrnents, insurance proceeds, or Miscellaneous Procee�s to principal due under the Note shall not extend or postpone the due date, ar change the amount, of the �eriodic Payments. 3. Fnnds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payrnent of amounts due for: (a) taxes and assessments and other iterns 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) premiunns for any and all insurance required by Lender under Sectian 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE►1o8�i1 Paaeaoti5 inieiais:� Form302$ 1/01 t! ( i' t1 ,' � ,� � $