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2oiooso4i 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. Borrawer and Lender covenant and agree as follows: 1. Payrnent of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, tha debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bonrower shall also pay funds for Escrow Itezns pursuant to Section 3. Payments due under the Nate and this Security Instrument shall be made in U,S. currency. However, if any Check or other instrument received by I.ender as payment under the Note or this Security Instrument is returned ta Lender unpaid, I.ender may require that any or all subsequent payments due under the Note and this $ecurity Instrument be made in ane or more of the follawing forms, as selected by Lender: (a) cash; (b) maney arder; (c) certi�ed check, bank check, treasurer's check ar cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deezned 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. L,ender may return any payment or partial payment if the payment or partial payments are insuf�cient to bring the Loan current. Lender rnay accept any payrnent or partial payment insufficient to bring the Laan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnent 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 Payrnent is applied as of its scheduled due date, then I.ender 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 nat da so within a reasonable period af time, Lander 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 Nate immediat�ly prior to foreclosure. No offset or claim which Borrower rnight have now or in the future against Lender shall relieve Borrawer from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Tnstrument. 2. Application of Payments or Proceeds. Except as otherwise described in tl�is 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 the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payrnent in the order in which it becarne due. Any remaining arnounts shall be applied first to late charges, second to any other amounts due under this Security Instrurnent, and then to reduce the principal balance of the Note. If Lender receives a payment frorn Borrower for a delinquent Periodic Payrnent which includes a sufficient amount to pay any late charge due, the payment rnay be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received frorn 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 prepayment chazges and then as described in the Note. Any application of payments, insurance proceeds, ar Miscellaneous Proceeds to principal due under the Note shall not extend or postpons the due date, ar change the amount, of the Periodic Payments. 3. Ftinds for Escrow Items. Borrower shall pay ta Lender an the day Periodic Payments are due under the Note, un.til the Noce is paid in full, a sum (the "Funds") to provide for payment of aamounts due for; (a) taaces an.d assessments and other items which can attain priority over this Secuxity Instzument as a lien or encumbrance 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 Section S; and (d) Mortgage Insurance NEBRASKA - Single Family - Fsnnie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) loet t 1 Page 4 of 15 Initials: � l-� - �� a �C � Form 3028 7/01 ,ei � t1i`P`�1'� �