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201008105 THIS SECURIT'Y INSTRiJMENT cornbines unifarm covenants for national use and non-uuiform covenants with limited variations by jurisdiction to canstitute a unifonn security inst�ument covening real praperty. ITNIFORM COVENANT5. Borrower and Lender covenant and agree as fallows: 1. Payment of Principal, Interest, Escraw Items, Prepayment Charges, and Late Charges. Sorrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds For Escrow Items pursuant to Section 3. Payrnents due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrurnent received by Lender as payment under the Note or this Security Instnunent is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Nate and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certifisd 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, instrumentality, or entity; or (d) �lectronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other lacation as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial paytnent if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuf�cient to bring the Loan current, without waiver af any rights hereunder or prejudice to its rights ta refuse such payment or partial payments in the future, but Lender is not obligated to apply snch payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, th�n Lender need not pay interest on unapplied funds. Lender may hold such unapplied funda until Borrower makes payments to bring the Loan current. If Sorrower 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 tn the outstanding principal balance under the Note immediately prior to foreclosure. Na offset or claim which Borrower might have now or in the futwe against Lender shall relieve Borrower firom making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instnrment_ 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order o£ priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3_ Such pay�ments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied �rst to late charges, second ta any other amounts due under this Security Instrument, and then to reduce the principal balanee of the Note. If Lender receives a payment from Botrower for a delinquent Periadic Payment which includes a sufficient amount to pay any late charge due, the payment �nay be applied to the delinquent payment and the late charge. If rnore than one Periodic Payment is outstanding, L�nder may apply any payment received fram Borrower to the repayment of the Fexiodic 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 Payznents, such exeess may be applied to any late charg�s due. Voluntary prepayments shall be applied �rst to any prepayment charges and then as deseribed in the Note. Any application o£ payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, ot change the amount, of the Periodic Payments. 3. Funds for Eseraw Items. Borrawer shall pay to Lender on the day Periodic Payments are due nnder the Note, until the Note is paid in full, a swn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other iterns which can attain priority aver this Security Instrument as a lien or encumbrance an the Property; (b) leasehold payments ar ground rents on the Property, if any; (c) premiuins for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA- Single Family - FannleMaelFreddie Mac UNIFORM INSTRUMENT ��6(NE) �aa� �) Page 4 af 15 initiais: � Form 3028 1l01 �