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2oiaog4s; THIS S�CURITY INSTRUMENT corrtbines uniform covenants for national use aud nan-uniform covenants with limited variations by jurisdiction ta constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and L.ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Botx'ower 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. PaymenCs due under the Note and this Security Instnunent shall be rnade in U.S. currency. However, if any check or other instrument received by L.ender as paynnent under the Note or this Security Instrument is returned to Lender unpaid, Lender znay require that ar►y or all subsequent payments due under the Note and this Securxty Tnstnunent be rnade in one or more of the following forms, as selected by I.ender: (a) cash; (b) money order; (c) certi�ed check, bank check, treasurer's check or cashier's check, pravided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrutnentality, 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. L.ender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept ar►y payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnent or partial payments in the future, but Lender is not obligated to apply such payrnents at th� tune such payments are accepted. If each Periodic Paymexrt is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. L.ender may hold such unapplied funds until �orrower makes payrneztts to bring the I.oan current. If Borrower does not do so within a reasonable period of time, Lender shall eitlxer apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance uiader the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payrnents due under the Not� and this Security Instnunent or performing the covenants and agreements secured by this S�urity Instz�wner►t. 2. Application of Payments or Proceeds. �xcept as otherwise described in this Section 2, a11 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 payments shall be applied to each Periodic Payment in the order in which it becarne due. Any remaining arnounts shall be applied first to late charges, second to any other amounts due under this 5ecurity Instrument, and then to re�uce the principal balance of the Note. If Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a suf�cient amount to pay any late charge due, the payrnent znay be applied to the delinquent payment and the late charge. If mare than one Periodic Payment is outstanding, T_.ender may apply any payment received fronn Borrower to the repayrnent of the Periodic Payments if, and to the extent that, each payment can be paid in tull. Ta the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late chaz�ges due. Voluntary prepayments shall be applied �rsC to any prepayment charges and Chen 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 amount, af the T'eriodic Payrnents. 3. k�nds far Escrow Items. Borrower shall pay to Lender on the day Periodic Payzr►ents are due under the Note, until the Note is paid in full, a sum (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 encurnbrance 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 Insurazxce NEBRASKA - Single Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) 10811) Page 4 of 15 i��c�eis: Form 3028 7/01 � 1 � � � t � � . . � ' , . A � r