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2U1i00 THIS SECURITY INSTRUMENT cornbines uniform covenants for naCional use and non-uniform covenants with limited variations by jurisdiction to constitute a unifarm security instrument covering real property. UNIFORM COVENANTS. Borrower and L,ender covenant and agree as follows: 1. Pay�nent of �'incipal, Ipterest, Escrow Items, Prepayment Charges, and Late Charges. Bozxower 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 Escrow rtems pursuazit 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 payment under the Note or this Security Instzv�nent is returned to I.ender unpaid, L,ender may require that any or a11 subsequent payments due under the Note and this Security Instrument be made in ane or more of the following forms, as selected by I..endex: (a) cash; (b) money ordear; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose depasits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the locatian designated in the Note or at such other location as may be designated by L.ender in accordance with the notice provisions in Section 15. Lender may return any payznent or partial payrnent if the payment or partial payments are insuf�cient to bring the L.oan current. Lender may accept any payment or partial payment insuf�cient to bring the Loan current, without waiver of any rights hereunder or prejudice ta 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 accepCed. 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 payznents to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principa.l balance under the Note immediately prior to foreclosure. No offset or clairn which Barrower might have naw or in the future against Lender shall relieve Borrower from making payments due under the Note and this 5ecurity Instrument or performing the covenants and agreements secured by this 5ecurity Instrument. 2. Application of 1'ayments or Proceeds. Except as otherwise described in this Sectian 2, all payments accepted and applied by Lender shall be applied in the fallawing 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 Payment in the order in which it became due. Any rernaining arnounts shall be applied �rst to late charges, second Co any other amounts due under this $ecurity Instrument, and then to reduce the principal balance of the Note. Tf Lender receives a payrnent frorn Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payrnent may be applied to the delinquent paym�nt and the late charge. If more than one Periodic Payrnent is outstanding, L,ender 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 Periodic Payments, such axcess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application 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 Periadic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lendex on the day Periodic Payments are due under the Note, until the Note is paid in full, a surn (the "Funds") to provide for payment af amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encurnbrance an the Property; (b) leasehold payrnents or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �' (�%� �-6�N�) (0811) Paga 4 of 15 Initials: �� (� Farm 3028 1�01