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2oiao9s5o THIS SECURITY INSTRUMENT combines unifarm covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender cavenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Barrower 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 Escrow Items pursuant to Section 3. Payments due under tl�e Note and this Security Instrurnent shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Nate or this Security Instrurnent is returned to Lender unpaid, I.ender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the fallowing forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institutzon whose deposits are insured by a federal agency, instrumentality, 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 notic� provisions in Section 15. Lender may return any payment or partial paynnent if the payment or partial payments are insuf�cient to bring the I.oan current. Lender may accept any payment or partial payment insufficient to bring the I..oan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnent or partial payznents in the future, but Lender is not obligated to apply such payments at the tirne such payments are accepted. If 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 funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, I.end�r shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstaanding principal balance under the Note immediately priar ta fareclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrurnent. 2. Applicatian of 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 of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. 5uch payments shall be applied ta each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any ather arnounts due under this Security Tnstrurnent, and then to reduce the principal balance of the Note. If L.ender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent paymenC and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payrnent received frorn Borrower to the repaynnent of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payrnent is applied to the full payment of one or more Periodic Payrnents, such excess xnay be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then 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, of the Pariodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender 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 amounts due for: (a) taxes and assessments and other iterns which can attain priority over this Security Instrunnent as a lien or encuambrance on the Property; (b) leasehold payments or ground rents on the ProperCy, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannia Mae/Freddie Mac UNIFdRM INS7RUMENT �-61NE) 108> > 1 Paea a o+ � s i��t�ais: � Form 3p28 1/01 � . . i ..