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2otoo7sss � THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifarm covenants with limited vaziations by jurisdiction to constitute a uniform security instnunent covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Paynnent of Frincipal, Interest Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 pay when due the principal of, and interest on, the debt evidenced by the Nate and any prepayment charges and late charges due under the Note, $orrawer shall also pay funds far Escrow Items pursuant to Section 3. Payrnents due under the Note and this Security Instrument shall be rnade in U.S. currency. However, if any check or other instrument r�ived by Lender as payment under the Note or this Security Instrucnent is returned to Lender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this Security Instrurnent be rnade in one or more of the following forms, 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 institution whose deposits are insuxed by a federal agency, instru�mentality, or entity; or (d) Electronic Funds Transfer. P�yments are deemed received by Lender when re�eived at the location designated in the Note ar at such other location as may be designated by Lender in accordance with the notice provisions in Seetion 1S. Lender rnay return any payrnent or partial payrnent if the payment or partial payrnents are insuf�icient to bring the Loan current. Lender rnay accept any payrnent or partial payrnent insufficient 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 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 Borrower makes payrnents 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 them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against I.ender shall relieve Borrower from making payments due under the Note and this Security Instnunent or performing the covenants and agreements secured by this Security Instrument. 2. Applicat�on of Payments or Proceeds. Except as otl�erwise 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 che 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 arnounts 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 $orrower for a delinquent Periodic Payxnent which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If rnore than one Periodic Payment is outstanding, Lender may apply any payment receive� from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full paym�ent of one or nc►ore Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment chazges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proce�s to principal due under the Note shall not extend or postpone the due date, or change the arnount, of the Periodic Payrnents. 3. �nds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payrnents are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of arnounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encurnbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Sectian 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannia MaelFraddia Mac UNIFQRM INSTRUMENT �-B�NE) lost t 1 Paqa a ot i 5 initiais: � Form 302$ 1/01 � r ) . ' � d } �,A ., � , � ' ,•"'