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2010U8043 THIS SECURITY INSTRUMENT combines uniforna covenants for national use and nan-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender oavenant and agree as fallows: 1. Payment of Principal, �nterest, 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 chazges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Sectian 3. 1'ayments due under the Note and this Security Instrument shall be rnade in U.S. currency. However, if any check or other instrumcnt received by Lender as payment under the Note or this Security Instrument is returned to I.ender unpaid, I.ender may require that any or all subsequent payments due under the Npte and this Security Instrument be made in one ar more af the following farms, 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 insured by a federal agency, instrurnentality, 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 L,�nder in accordance with the notice provisions in Section 1S. Lender rnay return any payrnent or partial payrnent if the payment or partial payments are insufficient to bring the Loan cunent. Lender may accept any payment or partial payment insuf�cient to bring the Loan cuncnt, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but �ender 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 I.ender need not pay interest on unapplied funds. L,�nder may hold such unapplied funds until Borrower makes payments to baring 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 eaxlier, such funds will be applied to Che oucscanding principal balance under the Note immediately prior Co foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from znaki.ng paymenCs due under the Note and this Security Instrument or performing the covenants and agree�nents secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payrnents 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) arnounts due under Section 3. Such payments shall be applied to each Periodic Payrnent in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other arnounts 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 vvhich includes a sufficient amaunt to pay any lat� charge due, the payment rnay be applied to the delinquent payment and tbe lace charge. If more than one Periodic Payment is outstanding, I.ender may apply any payment received from Borrower to the repayment of the Periodic PaymenCs if, and to che 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 to any late charges due. Voluntary prepayments shall be applied �rst to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Feriodic Payments. 3. Ftinds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Npte, until the Nate is paid in full, a sum (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) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance reqnired by Lender under Section 5; and (d) Martgage Insurance NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (�,,. �-6(NE) �oe� �1 Page 4 of 15 iniciais: ��- '�'� Form 3028 1I01 ., ,1�,� � ��1i � i9