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�Q11�0479 THTS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifarm covenants with limited variations by jurisdiction to constitute a unifoz'm security instrument covering real property. UNTFORM COVENANTS. Borrower and Lender 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 on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. 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 L.ender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequern payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) maney 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, instnunentality, or entity; or (d) Electronic Funds Transfer. Payrnents are deerned received by Lender when received at the location designated in the Not� 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 payxnent if the payment or partial payments axe insuf�cient to bring the Laan 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 payrnents in the future, but L.ender is not obligated to apply such payrnents at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need nat pay interest on unapplied funds. J.,ender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower do�s not do so within a reasonable period of time, Lender sha11 either apply such fiuids or return them to B�orrower. If not applied earlier, such funds will be applied to the outstanding prinGipal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might hav� now or in the future agaiz�sC I..ender shall relieve Sorrower from making payments due under the Note and this Security Instrument or perfornung the covenants and agreements secured by this Security Instn��+t. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by L.endear 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 b� applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, secand to any other arnounts due under this Security Instrument, and then to reduce the principal balance of the Note. if L�.mder receives a payment from Borrower for a delinquent Periodic Payment which includes a suf�icient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender rnay apply any payment received from Borrower to the repayznent of the Periadic Payments if, and ta the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied ta the full payznent of one or more Periodic Payrnents, such excess rnay be applied to az�.y late charges due. Voluntary prepayrnents shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaz�eous Proceeds to principal due under the Nate shall not extend or postpone the due date, ar change the amount, af the Periodic Payments. 3. Ftinds for Escrow Ytems. 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 Tnstrument 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 I.ender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Maa UNIFORM INSTRUM�NT �-B�NE) �oa� i� Page 4 of 15 Initials:� � Form 3028 1/01 � , n ,