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�01�09G51 THIS SECURITY INSTRUMENT cornbines uniform covenants for national use and non-uniform covenants with lirnited variations by jurisdiction to constitute a uniPorm 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 prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Iterns pursuant to Section 3. Payments due under the Note and this Security Instruznent shall be made in U.S. currency. Howevex, if any check or other instrurnent received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of tl�e following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier' Ci18C�C provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by I.,ender when received at the location designated in the Note or at such ather lacation as may be designated by L,ender in accordaz�ce 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 �,oan current. Lender may accept any payment or partial payment insuf�cienC to bring the Loaz� current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is noC obligated Co apply such payments at the time such paym�nts are accepted. If each Periodic Payment is applied as of its scheduled due date, then L.ender need nat 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, Lender shall either apply such funds or return thern to Borrower. If not applied earlier, such funds will be applied to the autstanding principal balance under the Note immediately prior to foreclosure. Na offset or claim which Borrower might have naw 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 Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by L,�nder 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 Payrnent in the order in which it becarne due. Any rennaining 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 Lender receives a payment fram Borrower for a delinquent Periodic Payrnent which includes a sufficient amount to pay any late chazge due, the payment rnay be applied to the delinquent payrnent and the late chazge. If rnore than one Periadic Payment is autstanding, Lender rnay apply any payment received from Borrawer to the repayment of the Periodic Payments if, and ta 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 or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepaymenc charges and then as described in the Nate, 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 Pexiodic 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 surn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrurnent as a lien or encumbrance on the Property; (b) leasehold payrnents 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/Freddie Mac UNIFORM IN3TRUMENT `�� / �-6(NE) laai i � Pa¢e a of i 5 inmeis: { V F rm 3028 1/01 V