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�o��oo�� THIS SECLTRITY INSTRUMEN'1" combines uniform covenants for national use and nan-uniform covenants with limited variaCions by jurisdiction to constitute a uniform security instrurnent covering real property. UNIFORM COVENANTS. Barrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Iterns, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Nate and any prepayment charges and late chazges due under the Note. Borrower shall also pay tunds for �scrow Ttems 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 instrurnent received by �.ender as payment under the Note or this Security Instrument is returned ta Lender unpaid, J_,ender may require that any or a11 subsequent payments due under the Note and this Security Instrument be rnade in one or more of the following forms, as selected by Lender: (a) cash; (b) rnoney order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institutian whose deposits aze insured by a federal agency, instrurnentality, or entity; or (d) Electronic Funds Transfer. Payrnents are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender rnay 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 ar prejudice to its rights to refuse such payrnent or partial payments 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 ics scheduled due date, then Lender need not pay interest on unapplied fiulds. Lender rnay hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period af time, 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 foreclosuz'e. No offset or claim which Borrower might have now or in the future against Lender sha11 �relieve Borrower from making payments due under the Note and this Security Insmunent or perfornung the covenants and agreements secured by this 5ecurity Instrument. 2. Application of Payments or Prceeeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of prior�ty: (a) interest due under the Note; (b) prixicipal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periadac Payment in the order in which it became due. Any rernaining arnounts shall be applied �rst to late charges, second to any other amounts due under this Security Instrurnent, and then to reduce the principal balance of the Note. If I,ender receives a payrnent frorn Borrower for a delinquent Periadic 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 Periodic Payment is outstanding, Lender may apply any payment received from $orrower to the repayment of the Periodic Payments if, and to the exCent that, each payment can be paid in full. T'o the extent that any excess exists after the payrnent is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied �rst to any prepayment charges and then as described in the NoCe. Any applicatian of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Nate shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Fands for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the NoCe, until the Note is paid in full, a sum (the "Funds") to provide for payrnent of amounts due for: (a) ta7ces and assessments and other itezx►s 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) prerniums for any and all insurance required by L.ender under Section 5; and (d) Mortgage Tnsurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) 1oa�t� Page 4 of 15 Initials: Fofm 3d2� 7/�� � � � �~ �