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241009042 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifnrrn covenants with liznited variations by jurisdictian to constitute a uniform security instrument covering real property. iINIFORM COVENANTS. Borrower and Lender covenant amd agree as follows: 1. Payment of Principal, Interest, �scrow 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 char�es 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 Instrument sha11 be made in U. S. currency. However, if any check or other instrurnent received by Lender as payment under the Note vr this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent paymenta 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) certified check, bank check, tr�asurer' s check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, ar entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received ac the location designated in the Note or at such other location as may he designated by Lender in accordance with the natice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insuF�cient to bring the Loan current. Lender rz�ay accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refixse such payment or partial payments 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 schaduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payxnents to bring the Loan current. If Borrower does not do so within a reasonable period of tirr�e, Lender shall either apply such funds or return them to Sorrower. If not applied eazlier, such funds will be applied to the autstanding principal balance under the Note imxnediately prior to foreclosure. No offset or claim which Borrower might have now or in the future a�ainst Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfarming the covenants and agreements secured by this Security Instrument. 2. Application of Payrnents or Proceeds. Except as otherwise described in this Section 2, all payznents accepted and applied by Lender shall be appli�d 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 ta each Periodic Payment in the order in which it became due. Any remaining arraounts shall be applied first to late char�es, 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 delinc�uent payrnent and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayrnent of the Periodic Payrnents 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 payznent of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayrnent charges and then as described in the Note. Any application of payments, insurance praceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, 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 Nate is paid in full, a suxr� (the "Funds") to provide for payment of amounts 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 payrnents or ground rents on the Froperty, if any; (c) prerniurns for any and all insurance required by Lezider under Section S; and (d) Mortgage Insurance 230981 NEBRASKA - Single Family - Fannie MaelFreddie Mac 11NI�ORM INSTRUMENT �-6�N�) �oe�� Page4 af 15 ini�iais:� ,�Y1.� Form 3028 1107 �