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201U09330 THIS SECURITY TNS'I'RUM�NT combines uniform covenants for national use and non-uniform covenants with limited vaziations by jurisdictian to canstitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender 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 prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for Escrovc+ Iterns pursuant to Section 3. Payrnents due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Secuxity Ianstrument is returned to Lender unpaid, Lender cnay require that any or all subsequent payments due under the Note and this Security Instrurnent be made in one or rnore of the following forms, as selected by �,ender: (a) cash; (b) money order; (c) certi�ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instzwmentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender 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 provisions in Section 15. Lender may retum any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. I.ender 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 payments in che fuhu'e, but Y.eender is not abligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then L.ender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the [.,oaza current. If Borrower does not do so within a reasoraable pe�iod of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claizn which Borrower might have now or in the future against Lender shall relieve Borrower frozxa xn�aacing payments due under the Note and this Security Instrurnent or perfornzing the covenants and agreements secured by this Security Instrurnent. 2. Applrcation af Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order af priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Sectian 3. Such payments shall be applied to each Periodic Payment 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 T_.ender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the paymenC may be applied to the delinquent payment and the late charge. If more than one Periodic Payznent is outstanding, I,ender may apply any payznent received froxn Borrower to the repayment of the Periodic Payrnents if, and to the extent that, each payrnent can be paid in full. To the extent that any excess exists after the payment is applie� to the full payrnent of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment chazges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Nate shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. F�nds for Escrow Items. Borrower shall pay to I,�nder an the day Periadic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amaunts due for: (a) taxes and assessments and other items which can atcain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payannents 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 - Fannie Mae/Freddia Mac UNIFORM INS7RUMENI' �-6(NE) �osttl Page4of 15 �nitials� �orm 302$ 7/p7 S �� ; � X � � � � � �� ; V