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20100$152 THIS SECURITY INSTRUMENT carnbines uniform covenants for national use and non-uniform covenants with lixnited variations by jurisdintion to constitute a uniforrn security instrument covering real property. UNI�'ORM COVENANTS. Borrower and Lender covenant and a�ree as follows: 1. Payment of Principal, lnterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principa] 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. Payments due under the Npte and this Security Tnstrument shall be made in U. S. currency. However, if any check or other instrura:�ent received by Lender as payment under the Note or this Security Instrumexit is returned to Lender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this 5ecurity Instrument be made in one or nnore of the following forms, a� selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check pr cashier' s check, provided any such check is drawn upon an institution whose depasits are insured by a federal agency, instrumentality, 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 lacation as may be designated by Lender in accordaxace with the notice provisions in 5ection 15. Lender rnay return any payment or partial payment if the payanent ar partial payments ara insuf�cient to bring the Lqan current. Lender may accept any payment or partial payrnent insufficient ta bring the Loan current, withnut waiver of any rights hez'eunder or prejudice to its rights to refuse 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 af its scheduled due date, then Lender need nat pay interest on unapplied funds. Lender may hold such unapplied funds until Barrower makes payments to bring 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 earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to Foreclosure. No affset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfoa the covenants and agreements secured by this Security Instrument. 2. Application of Payments ar Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender sha11 be applied in the follpwing 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 Payment in the order in which it became due. Any remaining amounts sha11 be applied first to late oharges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If L�nder receives a payment fram Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payrnent 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, af the Periodic Paymex�ts. 3. Fnnds for Escrow Items. Borrower shall pay ta Lender on the day Periodic Payments ax due under the Note, until the Note is paid in full, a sum (the "Funds") to provide far 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 payrnents or ground rents on the Property, if any; (c) premiuxns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance 230950 NEBRASKA - 5ingle Family - Fannfe Mae/Freddis Mac UNIFORM INSTRUM�NT �-6(NE) �oatt� Pege4 of 15 �nitieis: ,� Form 3028 7/01 �