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<br />LTNIFORM COVENANTS. Borrower and Lender cavenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow ltems, Prepayment Charges, and Late Charges. Borrower
<br />shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment
<br />charges and late charges due under the Note. Borrowar shall also pay funds for Escrow Items pursuant to
<br />Section 3. Payments due under the Note and this Security Instrument shall be made in U.S, currency.
<br />However, if any check or other instrument received by Lender as payment under the Note or this Security
<br />Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under
<br />the Note and this Security Instrument be made in one or roore of the following forms, as selected by Lender:
<br />(a) cash; (b) money order; (c) certi�ed check, bank check, treasurer's check or cashier's check, provided any
<br />such check is drawn upon an institution whose deposits are insured by a federal agency, instrurnentality, or
<br />entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note oc at such
<br />other location as may be designated by L,ender in accordance with the notice provisions in Section ] 5. Lender
<br />may return any payment or partial payment if the payment or partial payments are insufficient to bring the
<br />Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current,
<br />without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in
<br />the future, but Lender is not obligated to apply such pay►nents at the time such payments are accepted. If each
<br />Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied
<br />funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If
<br />Borrower does not do so within a reasonable period of time, Lender shall either apply such funds ar return
<br />them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under
<br />the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the
<br />future against Lender shall relieve Borrower from making payments due under the Note and this Security
<br />Instrument or performing the covenants and agreernents secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise desccibed in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the
<br />Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shail be applied to
<br />each Periodic Payment in the oeder in which it became due. Any remaining amounts shall be applied first to
<br />late charges, second to any other amounts due under this Security Instrument, and then ta reduce the principal
<br />balance of the Note.
<br />if Lender receives a payment from Borrower for a delinquent Periadic Payment which includes a suf�cient
<br />amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge.
<br />If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower ta
<br />the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the
<br />extent that any excess exists after the payment is applied to the full payment of one or more Periadic
<br />Payments, such excess may be applied to any late charges due. Voluntary prepayznents shall be applied first to
<br />any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the
<br />Note shall not extend or postpone tha due date, or change the amaunt, of the Periodic Payments.
<br />3. Funds for Escrow Items. Sorrower shall pay to Lender on the day Periodic Paynnents are due under
<br />the Note, until the Note is paid in full, a sum (the "Punds") to provide for payment of amounts due for: (a)
<br />taxes and assessments and ather items which cart attain priority over this Security Instrument as a lien or
<br />encumbrance on the Property; (b) leasehold paymants or ground rents on the Proparty, if any; (c) prerniurns
<br />for any and all insurance required by I,ender under Section 5; and (d) Mortgage Insurance premiums, if any,
<br />or any sums payable by Borrower to Lender in lieu of tha payment of Mortgage Insurance premiums in
<br />accordance with the provisions of Section 10. These items are called "Escrpw Items." At origination or at
<br />any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and
<br />Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item.
<br />Sorrawer shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower
<br />shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for
<br />any ar all �scrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all
<br />Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower
<br />shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such
<br />payment within such time period as Lender may reyuire. Borrower's obligation to make such payments and to
<br />NEBRASKA- 5ingle Family - FannieMae/FreddieMac UNIFORM INSTRUMENT
<br />Form 3028 1/01
<br />Laser Forms Inc. (800) 446-3555
<br />LFI#FNMA3028-MERS 1/01 Page4 of 13 II11SI81S: —
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