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2�i409824 THIS SECURI'1'Y TNSTTtUMI'sNT cambines un'rform covenants for natinnal us� and non-uniforrn covenants with limited variatic�ns by jurisdiction to constitute a uniform security instrurnent covering real property. UNINURM COVI'sNANTS. Borrower and Lender covenant and agree as fc�llows: 1. Payment of Principal, Inter�st, Escraw Items, Frepayment Charge5, and Lat� Charges. Borrower shall pay when duc thc principal of, and interest on, the debt evidencc:d by the Note and any prc:payrnent charges and late charges due under the Note. Borrower shall also pay funds fur T;scraw Items pursuant to Section 3. Paym�nts due under the Note and this Security lnstrum�:nk shall be made in U.S. currency. However, if any check c�r other instrument received by Lender as payment undc:r the Na�C vr this Security Tnstrument is r�turned ta Lender unpaid, Lender may require that any or all subsequenk payments due undcr thc Nc>lc and this Security Instrument be made in one or more of the following forrns, as selected by L.ender: (a) cash; (b) money order; (c) certific;d chcck, 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) I'lectrc�nic Funds 'I'ransfer. Payments are deemed received by I,c:ndcr when received at the location designated in the Note or at such oCher lo�ation as may be designated by Lender in accardance with the notice provisions in Section 15. I,endc:r may return any payment or pariial paym�nt if th� payment or partial payments are insufficient to hrinb Ihe Loan current. Lender may accept any paymc:nt or partial payment insufficient to bring the T.oan current, without waiver of any rights hereund�r or prejudi�e to its rights to refuse such payment or parlial payments in the future, but I.�nd�r is not obligated to apply such payments at the time such payments are accepted. Tf each Peric�dic Payment is applied as of its scheduled due date, then Lender need nc>t pay interest on unapplied funds. L.ender may hold such unapplied funds until I3orrc�wer makea payments to bring the T.,oan current. If Borrower does not do so within a reasonable period of time, Lendcr shall eilher apply such funds or return them to Borrower. If not applied earlier, such funds will be applied lo the outstanding principal balance under the Note irnmediately prior to foreclosure. No offset or claim which Bonower might have now ar in the future against L.ender shall relieve 13orrower from making paymenls due undcr tl�c Notc and this Security Instrument or performing the covenants and agreements secured hy lhis Security In.strument. 2. Application of Payments or Proceed.5. Fxcept as nthcrwisc described in this Section 2, all payments accepted and applied by T.ender shall be applied in lhc follawing order of priority: (a) interest due under the Note; (b) principal duc undcr lh4 Nc�lc:; (c) amaunts due under Section 3. Such payments shall be applied to each Periodic Payment in thc nrder in which it b�came due. Any remaining amounts shall be applied first to late charges, second tc� any othcr aznc�unts du� under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower Cor a dulinqu4nt Pr�riodic Payment which includes a sufficient ainount to pay any late chargc due, ih� paymenk may be applied to the delinquent payment and the late charge. If more than one Pcric�dic; Paym�nt is putstanding, L.ender may apply any payinent received from Borrower to thc. 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 Pcripdic Payments, such excess may be applied to any late charges due. Voluntary prcpayments shall be applicd firsl lc� any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Procceds to princi�al due undcr the Notc shall ncri e:xtend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds far Escrow Items. Borrower shall pay to L.ender on the day Pcriodic Paymcnts arc duu under the Note, until the Note is paid in full, a sum (the "�unds") to provide for paymenl of amounls duc far: (a) taxes and assessments and other items which can attain priority over this Security Instrumcnt as a lien pr 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 Tnsurance NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-61NE) �as� �� Pagn 4 ni 1 6 i n�ais: / Fnrm 3028 1I01