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2p1008224 1'HIS SECURITY WSTRUMENT cpmbiines uniform covenants for naCional use and non-uniform covenants with limited variations by jurisdi,ctian to constitute a turiform security instnunent ooveri�ag x�eal property. UNIFORM COVENANTS. Banrawer and Lender covenant and agree as follows: 1. Payme�t of Pi3nd�, Iaterest, Fscnuw Items, P�ep�yme�t Charges, and Late Char�es. Borrowcr shal! pay w�eya due the principal af, and inte�rest on, the dcbt evidenced by thc Nate and any PreAayment c�arges and late cbarges due under the Note. Borrower sk�all also pay funds for Escrow It�ns ptYravant to Section 3. Payments due tiader the Note and this 5ecurity Instarument shall be made in U.S. currency. Hovvc,we�r, if any Check or other �t re�ceived by Lender as payment under the Note or this Secwnity Instr�ment is retume� to L.ender unpaid, I.e�zder may require that any or all subsequent payrnents duc u�der the Note and t�his Security Instrument be made in one or more of Che following forms, as selc�cted by Y.ender: (a) casti: (b) maneY order; (c) certified check, bank c.�teck, treasurer's cb�eck or cashier's aheck, pmvided any sr� che�k is drawn upon an institution whose deposits are insu�red by a federal ageancy, instrumentality, or entity; or (d) ElOCaronic l�unds Txansfer. Pa�nents aze d� received by L�ender when receivad at the location designated �in the Note or at such other locazi�n as may be designated by I.�nder in accor�idam� with the noticc provisions in Secdon 15. Lender may return any paym�at or partial payment if thc payment or partial pa}+ments are insufficient to bring the Loan curirent. Lender maY �Pt �Y Pa�t ar partial paym�pt ins�fficient to bring the L.oan current, without waiver of any rights her�under or prejudice to iCs rights to rcivse such paymenit or partial paym�nts in the fuiure, but L,ender is nvt obligated to apply such payments at the tumc such pa�+mez�ts are accepted. If cac� Periodic Payment is applied as of its scheduled due date, then T..ender need not pay inter�st on unapplied funds. Lcnder rnay hold such unapplied itunds trntil Horrawcr makes payt�en.ts to bring the Loan current. If Borrowear does not do so wi�thin a reasonable period of time, Lender shall either apply suGh fun�ds or r�turn th�n to Borrower. If not �lied eazlier, such funds will be applied to the out�tanding principal balanc� �r the Nor,� iappum�ediately prior to fore�losure. Na affset or clairn which Borrower might have now or in the future against I.eader shall relieve Borrower from malang PaYme��ts due under the Note and this Sccucity Instrument or perForming the covenants au�d agreements secured by this Se�unity Insav�ent. �. AppIIcation of Psyme�nts or Proeee�s. Exc;ept es otherwise described i,a this Section 2, all payments accepted a� ap�lied by L�der s�hall be applierl in the following order af priority: (a) interest due und�r ttxe Note; (b) PrinciPal due under the Note; (c) amounts due under Section 3. Sti�ch payrnents shall bc applied to each Periodic Payment in the arder in wbich it became due. Aray remaining mp�wunts s�aal,l be applied first to late charges, second to any oiher amounts due under this Security Inst�ument, and then to reduce the pniacipa,l balance of the Nate. If I.ender receives a payme.nt from Horrower for a delinquent Periodic PayaTent which includes a sufficient amaunt to pay any latc c�arge due, thc paynaent may be appl�ed to tha delinquent paymea�t and the late charge. If mor�e than one Periadic Payment is outstandin,g� � maY �P �Y �Y�t �ceive� from Borrower ta the repayna�nt of the Periodic Payments if, aad to the e�tcnt that, each payment can be paid in full. To the extent that any excess exists ai�er the payment is applied to the full paym�nt of one or mare Periodic Payments, such excess may be applied to any late charges due. ValuntarY PrePaYm� sh�ll be applied first w anY P�PaY�t �'Ses and then as desscribe� in the Note. �Y aPP�ication of payments, insurance proceeds, or Miscella�ouis Proceeds W principal due trnder the Note shall �t extsnd ar postpone the due date, or Ghange the anmunt, oF the Periodic Fayinents. 3. �nds for F.r�c�row It�ns. Borrov�r shall pay to I.ender an the day P�eriadic Payments arc due under thc Note, until the Note is paid in full, a sum (the "Funds") W provide for payrnent of am�ttnts due for: (a) txxes and ass�nneuts and other items which can attain p�iority over t�iis Security Instrunaent as a lien Or enCUmbratice on the PCOperty (b) leasehold paytn�nts ar groumd r�s on the PropeRy if any; (C) premiums for any aad aq insurancc required by Lender under Soction 5; and (d) Martgage lnsurancc NEBRASKA - Single Family - Fen� Ma�/Frqddle Mac UNIFORM IMSTRUMLN'T �-BINE) 1os� �) repe a o� t a inine�s: Farm $028 1/01