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2010a9715 THIS SECURTT"Y INSTRUMENT combines uniform covenants fox national use and non-uniform covenants with lirnited variations by jurisdiction to constitute 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 an, the debt evidenced by the Note and any prepayment chazges and late charges due under the Note. Bonower shall also pay funds for Escraw Items pursuant to Section 3. Payrnents due under the Nate and this S�curity Instrument sha11 be made in U.S. currency. However, if any check or other instrument received by I.ender as payment under the Note or this Security Instrurnent is returned to Lender unpaid, Lender may require that any or all subsequent paymenCs due under the Note and this Security Instrument be made in one or more of the follawing fornns, as selected by Lender: (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, instrumentality, or entity; ox (d) Electronic Funds Transfer. Payments are de�med received by Lender when received at the location designated in the Note or at such ather location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payrnents are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, wiChout waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time 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, Lender sha11 either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied ta Che outstanding principal balance under the Note immediately prior to foreclosure. No offset or claixn which Borrower might have now or in the future against I.ender shall relieve Barrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application oY Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by L,ender 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 paym�nts shall be applied to each Periodic Payrnent in the order in which it became due. Any remaining amounts shall be applied �rst to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. Tf Lender receives a payment from Borrawer for a delinquenC Periodic Payment which includes a sufficient amount to pay any late charge due, the payment rnay be applied to the delinquent payrnent and the late charge. If more than one Feriodic Fayment is outstanding, Lender may apply any payment received from Borrower to the repayrnent 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 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 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 postpane the due date, ar change the amount, of the Periodic Payments. 3. �nds for Escrow Items. Borrower sha11 pay to Lender on the day Periodic Paynnents 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 assessments and oCher items which can attain priority over this Security Instrurnent as a lien or encumbrance 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 Insurazic� NEBRASKA - Single Family - Fannie Maa(Freddie Mac UNIFQRM INSTFiUMENT � �-B�NE) �oai i� Page 4 of 15 iniciais: �� Porm 3028 1/01