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20�oos343 THIS SECURITY INSTRUMENT cornbines uniform covenants for national use and non-uniform covenants with limited variatians by jurisdiction to canstitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender cavenant and agree as follows: 1. Payment of Principal, Inter�.st, Escrow Items, Prepayment Charges, and 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 chazges due under the Note. Borrower shall also pay funds for Escrow Items pursuant ta Section 3. Payments due under the Note and this Security Instruznent shall be rnade in U.S. currency. However, if any check or other instrument receiv�d by Lender as payment under the Note or this Security Instrument is returned to I,ender unpaid, Lender may require that any or a11 subsequent payments due under the Nate and this Security Instrument be made in one or more of the fallpwing forms, as selected by Lender: (a) cash; (b) maney arder; (c) certified 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) Electronic Funds Transfer. Payrnents are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 1S. L.ender may return any payment ar partial payment if the payment or partia� payments are insufficient to bring the L.oan current. Lender rnay accept any payment or partial payrnent insuf�cient to bring the Loan curr�nt, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnent or partial payments in the future, but Lender is not obligated to apply such payrnents at the time 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 unappli�d funds until Borrower makes payments to bring the Laan 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 outscanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from malcing payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 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 of priority: (a) interest due under the Note; (b) principal due under the Noce; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any rernaining a�mounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance af the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount ta pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payznent is outstanding, Lender may apply any payment received from Bnrrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full, Ta the extent that any excess exists after the payment is applied to the full payment of one ar more Periodic Payrnents, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, ar Miscellaneous Proceeds to principal due under tk�e Note shall not extend or postpone the due date, or change the arnount, of the Periodic Payments. 3. Ftinds for Escrow Items. Borrower sha11 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 pravide 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 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannle MaelFreddie Mac UNIFQRM INSTRUMEN7 / �-6�NE) �ast t 1 Page 4 of 15 i��c�ais: 4-- � Form 3028 1101 J,L�, r. �,�