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201009790 THIS SECURITY INSTRUMENT cambines uniform covenants for national use and non-uniform covenants with limited 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, In#erest, Escrow Items, Prepaynnent Charges, and Late Charges. $orrower 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 �scrow Itenr►s pursuant to Section 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instrument received by L.ender as payment under the Note or this Secuarity 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 the follawing forms, as selected by Lender: (a) cash; (b) rnoney arder; (c) certified 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; or (d) Electronic Funds Transfer. PaymenCs are deemed received by L,ender when received at the location designated in the Note ar at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender tnay return any payrnent or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the L,oan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial paynnents 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 ta bring the Loan current. If Borrower does not do so within a reasonable period of time, I.ender shall either apply such funds or return them to Borrower, If not applied earlier, such funds will be applied to the outstanding principal balance under the Nate immediately prior to foreclosure. No offset or clairn which Borrower might have naw ar in the future against L,ender shall relieve Borrower from making payments due under the Note and this Securicy Instru;ment or performing the covenants and agreements secured by this Sscurity Instrument. 2. Application 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 5ection 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied �rst to late chazges, secand to any other amounts due under this Security Instrument, and then to reduce the principal balance af the Note. Tf Lender receives a payment from 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 payment and the late charge. If more than one Periodic Payment 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 or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepaym�nts shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, ar Miscellaneous Proceeds to principal due under the Note shall not extend or postpane the due date, or change the amount, of the Periodic Payments. 3. Ftinds 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 surn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessrnents and other items which can attain priority over this Security Instrument 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 L.ender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-BINE► 108111 Pege 4 of 15 ��itia�s: L� J Form 30�Z8 9l09 t �� : ,, '.