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201408934 THIS SECURITY INSTRUMENT combines uniforn� covenants tor national use and non-uniform covenanis with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM CQVENANTS. Borrower and Lender covenant and agree as follows: l. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when duc thc principal of, and interest on, the debc evidenced by the Notc and any prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for Bscrow ltems pursuant to Section 3. Payments due under the Note and this Security Instrumcnt shall be made in U.S. currency. However, if any check or other instrument received by L,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 and this Security Tnstrument be made in one or more of the following forms, as sclected by L,ender: (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 dcposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deei��ed received by Lender when received at the location designated in the Nnte or at such other location as it�ay be designated by Lender in accordance with the notice provisions in Section 15. Lender i��ay recurn any payment or partial paymcnt if thc payment. or partial payments arc insufficicnt to bring the Loan current. Lender may accept any paynient or partial payment insufticient to hring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in d1e future, but Lender is not obligated to apply such payments at the time such payments are acc;epted. IP each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lcnder may hold such unapplied funds until Borrower makcs payments to bring the I�oan current. [f Borrowcr does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will bc applied to the outstanding principal balance under the Note immediately prior to foreclosure. Nn offset or claim which Bprrower might havc now or in the future against Lender shall relieve Borrower from making payments due under thc Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of T'ayments 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) amounts due under Section 3. Such payme��ts shall bc applied to each l�eriodic Payment in the order in which it becamc due. Any remaining amounts shall be applied tirst to late charges, second to any otl�er amounts duc under this Security Instrument, and then to reduce the principal Ualance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufticient 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 Borrower to the repayment of the Periodic Paymenis if, and to the extent that, each paynlent can be paid in full. To the extent that any excess exists after che payment is applied to the full pay�nent of nne or more I'eriodic Paynlents, such excess may be applicd to any late charges due. Volu�ltary prepayments shall be applied t7rst to any prepayn�ent char�es and then as described in the Note. Any application of paymenls, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpoa�e the due date, or changc thc artiount, of the Periodic Payments. 3. P'unds for Escrow Items. Borrc�wer shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (che "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Tnstrument 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 unc3er Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ]�� �-fi�NE) 108� 1) Pac7e 4 0( 15 �nit�a�s: �Nr� Form 3028 1l01 m �" � t � f� !' �b , "