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2oiooss5� THIS SECURTTY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction Co con.stitute a uniform security insCrument covexing xeal property. UNIFORM COVENANTS. Borrower and T_.ender covenant and agree as follows: 1. Payment of Principal, Interest, 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 charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Nate and this Security Instrument shall be made in U.S. currency. However, if any check ar other instrument received by I.ender as payment under the Note or this Security Instrument is returned to L,ender unpaid, I.ender may requira that any or a11 subsequenc payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) c�rti�ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institutian whose deposits aze insured by a federal agency, iz�strumentality, or entity; or (d) Electronic Funds Transfer. Paymencs are deemed received by Lender when received at the location designated in the Note or at such other locaCion as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return an,y payznent or partial payrnent if the payrnent or partial payments are insufficient to bring the I,oazx cuz't'ent. Lender may accept any payment 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 paynnents in the future, but Lender is not obligated to apply such payments 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 rnay hold such unapplied funds until $orrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, L.ender shall either apply such funds or return them to Borrower. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower rnight have now or in the future against L.ender sha11 relieve Borrawer from making payments due under the Note and this Security Tnstrument ar perfornung the covenants and agreements secured by this Seeurity Instrument. 2. Application of Payments or Procceds. Except as othexwise described in this Section 2, all payments accepted and applied by L.ender 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 ta each Periodic Paynnent in the order in which it became due. Any remaining aznounts shall be applied �rst co late charges, second to any other amounts due under this Security Instrument, and then ta reduce che principal balazxce 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 charge. If rnore than one Periodic Payment is outstanding, Lender may apply any payment received frorn Borrower to the repayment of the Periodic Payments if, and ta the extent that, each payment can b� paid in full. To the extent that any excess exists afCer the payment is applied to the full payment of one or rnore Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayrnents shall be applied first to any prepayment charges and then as described in the Note. Any application af payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payrnents. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payrnents are due under the Note, until the Nate is paid in fult, a sum (the "Funds") to provide for payment of arnounts due for: (a) taxes and assessments and other iterns 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 L.ender under Section 5; and (d) Mortgage Insuranc� NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �-61NE) Ioe t t I Page 4 of 15 i��c�ais� Form 302$ 7/Q 9 � h:.� � aar� ,�dkM,. ,:�