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2o�ooss�o THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform cavenants with limited variations by jurisdictian ta constitute a uniform security instnunent covering real propercy. UNIFORM COVENANTS. Barrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escraw Items, Prepayment Charges, and Late Charges. Barrower 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. Rorrower shall also pay funds for Escrow Ttems pursuant to Section 3. Payrnents due under the Note and this Security Instrument shall be rnade in U.S. currency. However, if any check or other instrument received by J..ender 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 azid this Security Instrument be made in ane or moxe of the following forms, as selected by Lendcr; (a) cash; (b) rnoney order; (c) certi�ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposics are insured by a federal agency, instrurnentality, or entity; or (d) Electronic F�nds Transfer. Fayments are deemed received by I..,ender 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 payrnent or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuf�cicnt to bring the Loan current, without waiver of any righcs 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 th� 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 unapplied funds until Borrower makes payments to bring the Loan current. If Borrower daes not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrawcr. If not applied earlier, such funds will be applied to the outstanding principal balance under tha Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrwnent or performing the covenants and agreements secured by this Security Instrurnent. 2. Application of Paymernts 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 Note; (c) arnounts due under Section 3. Such payments shal] 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 amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suf�cient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Fayment is outstanding, Lender may apply any payment received firom Borrower 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 or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied �z�st to any prepayment charges and then as described in the Note. Any application of payrnents, insuraa�ce proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or pastpone the due date, or change the amount, of the Periodic Payments. 3. �nds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payznents are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessznents and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments ar ground rents on the Praperty, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT � � �-BINE) 1081 t 1 Paoe 4 of 15 inieiais: Farm 302�8 1/01 \ �. -, � �