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201a49$28 THTS SECURITY INSTRUMENT combines unifornx covenants for z�ational use az�d non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instniment cavering real propsrty. UNIFORM COVENANTS. Bonower and Len.der covenant and agree as fallows: 1. Payment of Principal, Iuterest, Escrow Items, Prepeyment Charges, and Late Charges. �orrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges dne under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payrnents due under the Note and this 5ecurity Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instnunent is returned tn Lender unpaid, I,ender may require that any or all subsequent payments due under the Nate and this 5ecurity Instnunent be rnade in one or more of the following fonrr�s, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or caskuer's check, provided any such check is drawn upon an institution whase deposits are insured by a federal agency, instru�nentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed z�eceived by �.ender when received at the location designated in the Note or at such other location as may b� designated by Lender in accordaz�ce with the notice provisions in Section 1S. Lender may return any payment ar partial payment if ihe payment or partial payments are insufFicient to bring the Loan current. Lender may accept any paymeatt or partial payment insufficien.t ta bring the Loan current, without waiver af any rights hereander or prejudicc to its rights to refuse suct� payment or partial payments in the future, but 7.ender is not obligacer� to apply such payments at the time such payments are acce�ted. If each Periadic Payment is a�lied as of its scheduled due date, Chen I..ender nced not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower mak�es payments to bring the Loan current. If Borrower dc�s aot do so wiChin a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be appli�l Co the outstanding principal balanc� under the Note immediately prior to foreclosure. No offser or claim which Borro�r+er might have now or i.n th.e future against L.ender shall rclieve Bortower from making payments due under the Note arnd tlais Securiry Instniment or perfaz�ning the covenants and a$reements secured by this Security Tnstrument. 2. App�ication of Payments or Proceeds. Except as otherwise describ� in this Section 2, all payments accepted and applieci by I.ender shall he applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Not�; (c) amounts due under Section 3. Such payments shall be appliefl to each Periodic Payment in the order in which it be�ame duc. Any remaining �p�s shall be applied first to late charges, second to any other aczwunts due under this Security Instn�meat, and then to reduce the principal balanc,� pf the Note. If T.,ender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late charge. If znore than ane Psriadic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of ths Periadic Paymencs if, and to the extent that, each payment can be paid in full. To the extent that any excess exists afCer the payrnent is applied to the full payment of one ar more Periodic Payments, such excess znay be applied to any laCe charges due. Voluntary prepayxnents shall be applied first to any prepayment charges and then as described in the Nate. Any application of payments, insurance proceeds, ar Miscellaneous Proce�ds to principal due wnder the Nvte shall not extend or gostpone the due date, or chazage th� amount, of the P�riodic Payments. 3. Funds fvr Escro�v Items. Borrower shall pay ta Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a surn (the "�nds") 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) leaschold payments or ground rents an the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Famfly - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-BINE) (asttl PaAea o� �s �nrta�a; Form 3028 1/A1