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2oioo9s4� THTS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifoz�m covenants with lunited variations by jurisdiction to constitute a uniform security instrurnent covering real property. UNIFORM COVENANTS. Borrower and L.ender covenant and agree as follows: 1. Payment of Principal, Inte�-est, 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 prepayment charges and late charges due under the Note. $orrower shall also pay fw�ds far Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrunnent shall be made in U.S. currency. However, if any check or other instrument received by Lender as payrnent under the Note or this Security Instnunent is returned to L.ender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instnunent be made in one ar rnore of the follawing forms, as selected by Lender: (a) cash; (b) maney order; (c) certified check, bank check, treasurer's check ar cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instr�unentality, or encity; ar (d) Electronic Funds Transfer. Payrnents are deetned xeceived by T.ender 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 1S. Lender rnay return any paynnent or partial payment if the payment ar partial payments are insufficient to bring the Laan current. Lender may accept any payment or partial payment insufficient to bring the l.oan current, without waiver of any rights hereunder ar prejudice ta its rights to refuse such payment or partial payments in the future, but Lender is nat obligated to apply such payments at the titne such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then T..ender need not pay interest on ttnapplied f�ulds. Lender may hold such unapplied funds until Borrower makes payments to bring the Luan current. If Borrower does not do so within a reasonable period of tirne, Lender shall either appIy su�h funds arr return t�ern to Borcower. If not applied earlier, such fi.uids will be applied to the putstanding principal 1�a�e wider the Nvte immediaceIy prior to foreclosuxe. No offset or claitn which Borrower t�ai:ght have �w or in the future against Lender sha11 relieve Sot�awer from making paytnents dtte � t�ee Nate a�d ttus Security �un� or perfornung t�ee cavenants and agr�nts seeured by tteis Seec�riky I�. 2. App�tAlioo of Payments or Procee�. Fascept as �rwise d�escxibed in this S�tion Z, all payrr�ts accepted �ad ap�Iieci by Len�r shaIt be applied in the fulIowing order of priority: (a) interest c�ue tuu3er tEae Note; (b) principaI due under the Note; (c) aznounts due under Section 3. Such payments shail be applied to each Periodic Paynne;nt in the order in which it became due. Any remaining amaunts shall be applied first to late charges, second to any other amounts due under this Secu�ty Instrument, and then to reduce the principal balance of the Note. If Lender receives a payrnent frorn Borrower for a delinquent Periodic Payrnent which includes a suf�cient amount to pay any late charge due, the payment may be applied to the delinquent payrnent and the late charge. If rnare than one Periodic Payment is outstanding, Lender may apply any payrnent received from Borrower to the repayment 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 payment of one ar more Periodic Payrnents, such excess may be applied to any late charges due. Voluntary prepayments shall be applied �irst to any prepayment charges and then as described in the Note. Any application of payments, insurance procceds, or Miscellaneous Proceeds to principal due under the Note shall not extend ar postpone Che due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to I..ender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of arnounts due for: (a) taxes and assessrnents and other items which cat� attain priority aver this Security Instrument as a lien or encucnbrance on the Property; (b) leasehold payments ar ground rents on the Property, if any; (c) premiums far any and all insurance required by C.ender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT � �-B�NE) Ipst t) Page 4 of 15 Initials: �r Form 3028 1/01 � �