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2oiooso49 THIS SECURITY INSTRUMENT cornbines uniform covenants for national use and non-uniform covenants with liinited variations by jurisdiction to c�nstitute a unifonn security instrument cavering real property. LTNIFORM COVENANTS. Borrower and �,ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest an, the debt evidenced by the Nate and any prepayrnent charges and late charges due under the Note. Borrower sha11 also pay funds for Escrow Items pursuant ta Section 3. Payments due under the Note und this Security Instrurnent shall be made in U.S. currency. However, if any check or ofher instrument received by Lender as payrnent under the Nate or this Security Instrument is raturned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instruinent be made in one or rnore of fhe following forms, as selected by Lendet: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check ia drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) �lectronic Funds Transfer. Payments are deerned received by Lender when received at the location designated in the Note or at such other location a� may be designated by Lender in accordance with the notice provisions in Section 15. Lender rnay retum any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender inay accept any payment or partial payment insufficient to bring the Loan curtent, without waiver of any rights hereunder or prejudice to its rights to refitse 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, ihen Lender need not pay interest on unapplied funds. Lender may hold Guch unappliad fiinds until Bortower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period af time, Lender sha11 either apply such funds or teturn thein to Borrowcr. If not applied earlier, such funds will be applied to the outatanding principal balance under the Note irnnnediately prior to foreclosure. No aFfset or claim which Borrower might have now or in the future against T,ender shall relieve k3orrower from making payments due under lhe Note and this Securiiy Instrument or performing the covenants and agreements secured by this Security Insinunent. 2. Application of Payments or Proceeds. l:xcept as otherwrse 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) ptincipal due under the Note; (c) amounta due under Seetion 3. Such payrnents shall be applied to each Periodic Payment in the order in which rt became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Securily Instnunent, and then ia reduce the principal balance of the Note. If Lendet teceiVes a payment froin Borrower for a delinquent Periodic Payment which includes a sufficient amounC to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. I£ more than one Periociic Payment is outstanding, L,ender may apply any paymant receiVed from Borrower to the repayment of the Periodic Payrnents if, and to the extent that, each payment can he paid in fu11. To the extent that any excess exists after tho payment is applied to the full payment af one or mate Petiodic Payments, such excess may be applied to any late chaX�;es due. Vnluntary prepayments shall be applied titst to any prepaytnent charges and then as described in the Nate_ Any application oF payinents, insurance proceeds, or Miscellaneous Proceeds to ptincipal due imder the Note shall not extend ot postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower s:hall pay to Lender on the day Periodic Payinenls are due under the Note, i�ntil the Note is paid in full, a sum (the "Fun�ls") to praVide for payment of amaunts due for: (a) taxes and assessments and othex items which can attain printily over this Sccurity lnstnunent as a lien or enctunbrance on the Prnperty; (b) leasehold payments or ground rents on the Property, if any; (c) prernitxn�s for any and all insuraucc required by Lender under Seclion 5; and (d) Mortgage Insurance NEBRASKA- Single Family - FannieMae/Freddie Mac UNIFARM INSTRUMENT �-G�N�� (0811) Page 4 of 15 Initials: Fpl'f11 3028 1/01