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2011004�i THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrurnent covering real property. UNIFORM COVENANTS. Borcower 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. Bonower shall also pay funds for Escrow Itenns pursuant to Section 3. Payments due under the Note and this Security Instrument shall be rnade in U.S. curxency. However, if any check or other instrurnent received by Lender as payrnent under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrurnent be rnade in one or rnore 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 institution whose deposits are insured by a federal agency, instnunentaliCy, ar entity; or (d) Electronic Funds Transfer. Payments are deemed received by �.ender when received at the location designated in ttae Note or at such other location as may be designated by I,ender 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. L.ender 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 Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payrnent is appliecl as of its scheduIed due date, then Lender need not pay interest nn unapplied fiu�ds. Lender may hold such unapplied funds until Borrower rnakes payments tn bring the Loan current. If Barrower daes not do so within a reasonable period of time, Lender shall either apply such funds or retum them to $orrower. Tf not applied earlier, such funds wiIl be applied to the outstanding principal halance under the Not� immediately prior to foreclasure. No affset or claim which Barrower miglit have now or in the future against Lender shall relieve Borcower frozn making payments due under the Note and this Security Instriunent or performing the covenants and agreements secured by this Security Instreut�ent. 2. Applicatiun of Paymerits or Prceeeds. Except as otherwise described in this Section 2, all payments accepted and applied by Letlder shall be applied in the following order of priarity: (a) interest due under the Note; (b) griacipal due under the Note; (c) amounts due under Section 3. Such payments shall be apglied ta each Per'rodic Payment in the order in which it became due. Any remaining amounts shall be applied first to Iate chazges, second to any other amounts due under this Security instrument, and then to reduce the priacipal balance of the Note. If J�ender receives a payment from Borrower for a delinquent Fexiodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payrnent and the late charge. If rnore than one Periodic Payrnent is outstanding, Lender may apply any payrnent 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 excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Nate. Any application of payments, insurance proceeds, ar Miscellaneous Proceeds to principal due under the Note sha11 not extend ar postpone the due date, or change the amaunt, of the Periodic Payments. 3. Ftinds far F„scrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Nate is paid in full, a surn (the "Funds") to provide for payment of arnounts due for: (a) taxes and assessrnents and other items which can attain priority over this Security Instrument as a tien or enctunbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) prerniutns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance IYEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) (0811) Page 4 of 15 Initials: � / " l�� Form 3028 1/01 � 1 �