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201009801 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. LTNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment af Principal, Interest, Escrow Items, Prepayrnent Char�es, �nd 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 Nate. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any ch�ck or other instrument 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 payment� due under the Note and this Security Instrum�ent be made in one or rnore of the following 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 upan 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 Nate or at such other location as may be designated by Lender in accordance with the notice prpvisions in Section 1 S. Lender may return any payment or partial payrnent if the payrxaent or partial payments are insufficient to bring the Loan current. Lender may accept any payrnent or partial payrnent insuf�cient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payznents 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 curxent. If Borrower does nat do so within a reaspnable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied ta the outstanding principal balance under the Note imrnediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Eorrower from making payments due under the Note and this Security Instrunnent nr performing the covenants and agre�ments secured by this Security Instrument. 2. Application af Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the followin� 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 Paymezat in the order in which it became due. Any remaining 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 Lander 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 payment and the late charge. If more than one Periadic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment 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 Peraodic Payments, such excess rnay be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayxnent charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall nat extend or postpone the due date, or change the amount, of the Periodic Paymants. 3. Funds for Escrow Items. Bonower shall pay to I.ender on the day Periodic Payments are due under the Note, until the Note is paid in fu11, a sum (the "Funds") to provide for payment of anaounts due for: (a) taxes and assessments 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 a11 insurance required by Lender under Section 5; and (d) Mortgage Insurance z�1o�8 NEBRASKA - 5ingle Family - Fannie MaalFreddie M ac UNIFORM INSTRUM ENT �� �-B�NE) �oeii� Page4 of 15 Initials: � or a028 1/01 �