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20i00840� THIS SECURITY TNSTRLTMENT combines uniform covenants for national use and non-uniform covenants with licr►ited variations by jurisdiction to constitute a uniforrri security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: l. Payment of Principal, Interest, Escrow Items, Frepayment 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 charges due under the Note. Borrower shall also pay fund5 fpr Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instruz�nent received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more af 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 any such check is drawn upon an institution whose deposits 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 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 insufficient to bring the Loan current. Lender may accept any payment or partial payxnent insufficient ta 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 time such payments are accepted. If each Peniodic Payrn�nt is applied as pf its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payxnents to bring the Loan current. If Borrower does not do so within a reasonable period af 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 priar to foreclosure. No ofFset or claim which Borrrowez might have now or in the future against Lender shall relieve Borrower frorn making payments due under the Nota and this Security Instrument ar performing the covenants and agreezzients secured by this Security lnstruznent. 2. Application of P$yments or Proceeds. Except as otherwise described in this Sectian 2, �11 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) arnounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied fiirst to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If I.ender receives a payment frozn Borrower for a delinquent Periodic Payxnezrt 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 Payment is outstanding, Lender may apply any payment received frprn Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any �xcess 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 prepayrnent charges and then as described in the Note. Any application af payrnents, insurance proceeds, ar Miscellaneous Proceeds to principal due under the Note shall not extend 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 Fayments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payrnenc of amounts due for: (a) taaces and assessments and other items which can attain priarity over this Sacurity 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 Lender under Section 5; and (d) Morcgage Insurance /� ��.-r� 230961 NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFORM INSTRUMEN7 /t �-6(NE) �os�� Pege4 of 15 in�t�ais Form 3028 1/01 W