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201i0037G THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrowex and L.ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower 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 Nate. Borrower shall also pay funds for Escrow 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 payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any ar a11 subsequent payrnents due under the Nate and this Security Instrument be made in one or more of the following forms, as selected by L.ender: (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 institution whose depasits are insured by a federal agency, instrumentality, or entity; ox (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 Lender in accordance with the notice provisions in Section 15. Lender 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 insuf�cient 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 futuxe, but L.ender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then L.ender need not pay interest on unapplied funds. L.ender may hold such unapplied funds until Borrower makes payments to bring the I.nan 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 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 Instruznent or performing the covenants and agreements secured by this Security Instrument. 2. Application af Payments or Proceeds. Except as otherwise described in this Section 2, all payrnents accepted and applied by Lender shall be applied in the following 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 Payrnent in the order in which it becarne due. Any remaining amounts 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 Lender receives a payment frorn Borrower for a delinquent Feriodic Payment which includes a sufficient arnount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If rnore than one Periadic Payrnent 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 payznent is applied to the full payment of one or more Periadic Payrnents, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepaymenC 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 Periodic Payments. 3. Funds for Escrow items. Borrower shall pay to I.ender 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 assessrnents and other items 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) premiums for any and all insurance required by Lender under Section 5; and (d) Martgage Insurance NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-61NE) 1oe>>1 Page 4 ot 15 Initials: � �� Form 3028 1/01 _.,, i � ,