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2oioosss2 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with liznited variations by jurisdiccion ta constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agre� as follows: 1. Payment of Principal, Ynterest, Escrow 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. Borrower shall also pay funds for Escrow items pursuant to Section 3. Payments due under the Note and this Security Instrurnent shall be made in U.S. currency. However, if any che�k or ather instrument received by Lender as payznent under the Note or this Security Instrurnent is returned to Lender unpaid, T..,ender may require that an.y or all subsequent payments due under the Note and this Security Instrurnent be made in one or more of the fallowing forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's che�k or cashier's check, provided any such check is drawn upon an in.stitution whose deposits are insured by a federal agency, instnrrnentality, or entity; or (d) �lectronic Funds Transfer. Payments 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 provisians in Section 15. Lender may return any payrnent or partial payment if the payment or partial paymez►ts are insuf�cient to bring the Loan current. Lender rnay accept any payment or partial paynnent xnsufficient ca bring the i.oan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment ar partial payments in the futuare, but I.ender is nat obligated to apply such payments at the time such payments are accepted.. If each Periodic Payznent is applied as of its scheduled due date, then i.ender need not pay interest on unapplied fwads. Lender may hald such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return thern to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balancc under the Note immediately prior to foreclosure. No offset or clairn which Borrower might have naw or in the future against L.ender shall relieve $orrower from making payrnents due under the Note and this Security Instnunent or perfomting the covenants and agreements secured by this Security Instnunent. 2. Application of Payments or Proceeds. Except as otherwise described in chis Section 2, all payrnents 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) amounts due under Section 3. Such payments shall be applied to each Periodic Payrnent 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 fram Borrower for a delinquent Periodic Payment which includes a su�cient amount to 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 from Barrawer 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 af ane or more Periodic Payments, 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, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the arnount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall 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 arnounts 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 Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fennie Mae/Freddie Mac UNIFORM INSTRUMENT �— �-61NE) 108711 Paga a of i 5 �nitials� Fnrm 3028 1/01 � /rl-� J . s��