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24ii000�9 THIS 5�CURITY INSTRUMENT corabines uniform covenants for national use and non-uniform cavenants with limited variations by jurisdiction to constitute a unifarm security instrurnent covering real property. UNIFORM COVENANTS. Borrower and L.ender 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 charges and late charges due under the Note. Borrower shall also pay funds for Escraw Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as paymenC under the Note or this Security Instrument is returned to L.ender unpaid, Lender may require that any or all subsequent payments due under the Nate and this 5ecurity Instrument be made in one or more of the fallowing forms, as selected by L.ender: (a) cash; (b) money order; (c) certified check, bank checl�, treasurer's check or cashier's check, provided any such check is drawn upan an institution wh.ose deposits are insured by a federal agency, instrumentality, or entity; ar (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by L,Ender in accordance with the notice provisions in Sectian 15. l.ender may return any payment 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 Loan current, without 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 Periadic Payment is applied as of its scheduled due date, then L.ender need not pay interest on unapplied funds. I.ender may hold such unapplied funds until Bort'ower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of Cime, Lender 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 Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrurnent. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payrnents accepted and applied by �.,eander shall be applied in the following arder 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 Payrnent in the order in which it became due. Any rernaining amounCs 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 I.ender receives a payment frorn Borrower for a delinquent Periodic Payment which includes a suf�cient amaunt to pay any late charge due, the payrnent may be applied to the delinquent payrnent and the late charge. If more than one Periodic Payment is outstanding, Lendear znay apply any payment received from Borrower to the repayment of the Periodic Payments if, and to Che extent that, each payment can be paid in full. To the extenC that any excess exists after the payrnent is applied to the full payment of one ar more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied �rst to any pr�payment charges and then as described in the Note. Any applicatio:n of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Itenns. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien ar encurnbrance on the Property; (b) leasehold payments or graund rents on the ProperCy, if any; (c) premiums for any and all insurance required by I,ender under Section 5; and (d) Mortgage Insurance NEBRASKA - Singls Family - Fannie Mae/Fweddle Mac UNIFORM INSTRUMENT �-61N�) loei i � Page 4 of 15 i��c�ais: � I�C. Form 3028 9/U7 � t