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�oioo�i54 T�-IIS SECURITY iNSTRUMENT combines uniform covenants for national use and nan-unifarrn covenants with limited variatians by jurisdiction to constitute a uniform security instrument covering real property. LTNIFORM COVENANTS. Borrower and Lender cavenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, aand Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late char�es due under the Note. Borrower shall also pay funds for �scrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U. S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned ta Lender unpaid, Lender may require that any ar all subsequent payments due under the Note and this Security Instrument be mada in one or more of the following forms, as salected 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 axa institution whose depasits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payxnents are deemed received hy Lender when received at the lpcation designated in the Noce or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insuf�icient to bring the Loan current. Lender may accept any payment ar partial payment insufficient to bring th� Lpan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or parrial payments in the future, but Lender is not obli�ated to apply such payments at the time such payments ar� accepted. lf each Periadic Payment is applied as of its scheduled due date, then Lender need not 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 thenn to Sorrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No o£fsat pr claim which Borrower r�aight have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument ar performing the covenants and agreements secured by chis Security Instrument. 2. Applicatian af 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 of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under 5ection 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining azaaounts sha11 be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balaxxce of the Note. If Lender receives a payment £rom Borrower for a delinquent Periodic Payznent which includes a sufficient amaunt to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If mare than one Periodic Payment is outstanding, Lender may apply any payznent received from Borrower to the repayment of the Peripdic Payments if, and ta the extent that, each payxnent can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of ane ar more Pe�riodic Payrnents, such excess may be applied to any late chaz'ges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any applicatian of payments, insurance proceeds, or Miscellaneous Proceeds to principa1 due under the Note shall nat extend or postpone the due date, ar change the amount, of the Feriodic Payments. 3. Funds for Escraw Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note 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 required by I.,ender under Section S; and (d) Mortgage Insurance 230952 NEBRASKA - Single Family - Fannie MaefFreddie Mac UNIFORM INSTRUMENT �-6�NE) �as�� Page4 of 15 in�t�ais: � Form 3028 7/01 �