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� 201009075 TIIIS SECURITY INS7'RUMENT combines uniform covenants for national use and non-uniform covenants with limited va�iations by jurisdiclion to constitutc a r�nifnrm sccurity instrumcnt covering rcal Pr�P�Y• UNIFORM COVENANT"S. Borrower and Lender covenant and agree as follows: 1. I'ayment of Principal, Intere�t� Escruw Items, Prepayment Charges, and Late Charged. Borrower tihall pay when duc the principal of, and interetit on, the debl evidenced hy the Notc and any prepayment charges and late chatges due under the Note. Borrower shall also pay funds for Esctow Iteins pursuant to Section 3. Payments due under the Note and this Security Instnunent shall be made in L7.5. currency. I�owever, if any check or other instntment received by Lendet as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender rnay require that any or all subsequent pdyments duc under thc Note and this Security Instrument bc madc in onc nr more of thc followin� forms, as selected by Lender: (a) cash; (b) money ordet; (c) certi�ed check, bank check, tteasurer's check or cashier's cheek, provided any such check is drawn upon an institution whose deposits are insuted by a federal agency, instrumenta]ity, or entity; or (d) Electronic Funds '1'ransfer_ Paymentti are deemed received by Lender when rec;eived al the location designaled in lhe Note or dl such other location as may be designated by L,ender in acc�rdance with thc notice ptovisions in Seciion 15. Lender inay return any payinent or partial payment if the payment or partial payments are insufficient t� bring the Loan current. Lende�r rnay accept any payment or partial payment insufficient to bring the Loan current, without waiver o£ any rights hereunder or prejudice to its rights to refuse such payment or partial paymcnts in th� future, but Lender is not obligated to apply such paymcnts at the time such payments arc accepted. Il' 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 fiuids until Borrower makes payments to bring the Loan current_ Tf $orrower does not do so wiihin a rcasonable period of time, Lender shall either apPly such Cunds or return lhem lo Borrower_ If not applied earlier, sui;h fundti will be appliecl lo the outstanding principal balance under the Note iinmediately prior to foteclosure. No off;�et ot claim which Borrower might have now ot in the future against Lender shall relieve Borrnwer from making payments due under the Note and this 5ecurity Insttument or performing the c�venants and agreements secured hy this Security In�tnunent. 2. Application of Payments or Proceeds. Except as othcrwise desctibed in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under lhe Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts nhall be dpplied first to lale charge5, seconcl lo any other amnunls due; under lhiti 5ecurity Inslrument, and then to reduce thc principal balance of the Note. If Lendet re�eives a paynnent from Bottower for a delinquent Periodic Payment which includes a sufficient amount to pay any latc charge due, the payrnent may be applied to thc delinquent payment and the late charge. If more than c�ne Periodic Payment is outstanding, Lender may apply any payment received from Bortowcr to the repaymcnt of the Pcriodic Payments if, and lc� the cxtcnt that, each paymcnt can be paid in full. To the extcnt thdt any cxcess cxists aftcr thc payment is applied to thc full payment of onc or more Periodic Payments, such excess may be applied t� any late charges due. Volunixry prepayments shall be apPlied first to any prepaymeni charges and then as described in the Note. My dpplication of paymenls, insurance Procecd5, ur Miscellanec�uti Prnceeds to principal due under the Note shall not exiend or postpone the duc date, ot change the amount, of the Petiodic Paymcnts. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic F'a�nnents are due under the Note, until the Nofe is paid in full, a sum (the "Punds") to provide for payment of amounts due for: (a) txxes 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 grnund rents on the Property, if any; (c) ptemiums for gny and all insurancc rcqnired by Lcnder under Scction 5; and (d) Mortgage Insurancc NEBRASKA- Single Family - Fannle MaelFreddle Mac UNIFORM INSTRUMENT ' r �$IN�) (�i i) Page 4 of 15 Initials: FO�m 3026 1/01