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20110D281 THIS $ECURITY INSTRUMENT cambines uniform covenants for national use and nan-uniform cavenants with limited variations by jurisdiction to constitute a uniform security instrument covering real praperty. UNIFORM COVENANTS. Borrawer and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Ytems, Prepayment Charges, and Late Charges. Borrower sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for �scrow Ttems pursuant ta 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 Instrument is returned to I.ender unpaid, I.ender may require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one or more of the following forms, as selected by L.ender: (a) cash; (b) money order; (c) certified check, 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) Electronic Funds Transfer. Payments ars deemed reccived 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. Lendex znay return any payment or partial payment if the payment or partial payments are insufficient to bring the L.aan current. Lender may acc�pt 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 nat obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as af its scheduled due date, then Lender need not pay interest on unapplied funds. J,endear may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, L.ender sha11 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 imrnediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against L.ender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest du� under the Note; (b) principal du� 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 remaining amounts shall be applied first to late charges, second to any other amounts due undear this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suf�cient amount to pay any late charge due, the payrnent may be applied to the delinquenC payrnent and the late charge. If more than one Periodic Payment is outstanding, Lender 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 ar 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 Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds ta 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 Items. 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 af amaunts due for: (a) taxes and assessments and ather items which can attain priority over this Security Instrument as a lien ar encumbrance on the Property; (b) leasehold payrnents or gxound 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 UNIFORM INSTRUMENT rl �-BINE) Ios � i I Page 4 of 15 Initials: lN Form 3028 9/01 �