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201008190 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited vari.ations by jurisdictian to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the p�incipal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Nate. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Nate 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 to Lender unpaid, I.ender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or rnore of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided aa�►y such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentalicy, or entity; or (d) �lectronic Funds Transfer. Payments are deemed rec�ived by Lender when received at the location designated in the Note vr at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender rnay return any payment or partial payment if the payment or partial payments are insufficient to bring the Laan current. Lender rnay accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder 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 tirne such payments are accepted. If each Periodic 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 Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable periad of tirne, 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 offset or claim which Borrower rnight have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfarming the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, a11 paynr►ents 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 Section 3. Such payments shall be applied to each Periodic Payment in the order in which it becarne due. Any remaining amounts shall be applied �rst to late charges, second to any ather amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If I,.ender receives a payment from Borrower for a delinquent Peripdic Payment which includes a sufficicnt amount to pay any late charge due, the payment may be applied ta the delinquent payment an.d the late charge. If mare than ane Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Fayments if, and to 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 payrnent of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments sha11 be applied first to any prepayrnent charges and then as described in th� Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not excend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments aze due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for paymcnt af amounts due for: (a) taxes and assessrnents and other items which can attain priority over thzs Security Instrument as a lien or encurnbrance on the Property; (b) lsasehald payments or ground rents on the Property, if any; (c) prerniurns for any and a11 insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannia MaelFraddie Mac UNIFORM INSTRUMENT C�, --6�NE) lost 11 Paqe a ot i s iniciais: " � Form 3028 7l01 � r . , r t ; �%