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2QiQ084�1 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifortn covenants with limited variations by jurisdiction ta canstitute a uniform security instrument covering real property. UNIFORM COVENANTS. Barrower and Lender covenant and agree as follows: 1. Paynnenk of Principal, �nterest, 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 prepaymeant charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items puxsuant 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 to I.ender unpaid, Lender rnay require that any or all subsequent payments due under the Note and this Se�urity Instrument be rnade in one or more of the following forms, as selected by T.ender: (a) cash; (b) maney order; (c) certi�ed check, bank check, treasurer's check or cask►ier'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 Sectian 15. Lender may return any payment or partial payrnent if the payment or partial payrnents are insuf�cient to bring Cl�e Loan current. Lender may accept any payrnent 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 I.ender is not obligated to apply such payments at the time such payrnents are accepted. If each Periodic Payment is applied as af its scheduled due date, then Lender need nat pay interest on unapplied funds. Lender may hald such unapplied funds until Borrower rnakes payments to bring the Loaan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them co Barrower. If nat applied earlier, such funds will be applietl to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Banower rnight have now or in the future against L.ender shall relieve Borcower from making payments due under the Note and this Security Instrument or perfornung the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. �xcept 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 Nate; (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 became due. Any remaining amounts shall be applied first to late charges, second to any other amownts due under this Security Instrument, and then to reduce the principal balance of the Nate. If Lender receives a payment from Borrower for a delinquent Periadic Payment which includes a suf�icient amount to pay any late charge due, the payrnent 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 from 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 excess exists after the payment is applied to the full payment of one or rnore Periodic Paya�x►ents, such excess may ba applied to any late charges due. Voluntary prepayments shall be applied �rst to any prepayment charges and then as described in the NoCe. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amotu'►t, of the Periadic Payments. 3. Funds far Escrow Items. Borrower shall pay to L.ender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") ta provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrwnent as a lien ar 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) Mortgage Insurance NEBRASKA - Single Femily - Fannis Mae/Freddie Mac UNIFORM INSTRUMEN7 I �� f � �-B�NE) (0811) Page 4 of 15 i��c�eis: Form 3028 7/01 � � ^ n �, � . � ��' �;; g .