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2oiioo4�� THIS SECURI'1'Y INSTRUMENT cornbines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a unifortn security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment oF Principal, Lnterest, Escrow Items, Prepayment Charges, and Late Charges. Bonower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepaynnent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Se�tion 3. Payments due under the Note and this Security Instrument shall be made in U. S. eurrency. However, if any check or other instrument received by Lender as pay�ment under the Note or this Security Instnunent is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following farms, as selected by Lender: (a) cash; (b) money arder; (c) certi�ied check, bank check, treasurer's check or cashiex'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 are deerned 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 payrnent or partial payment insufficient to bring the Laan 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 not obligated to apply such payments at the time such payrnents are accepted. If each Periodic Payment is applied as of its schedul.ed due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower rnakes payments to bring the Loan current. If Bonower 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 Bqrrower rnight have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrurnent or perfornung the covenants and agreernents secured by this Se�urity Instrument. 2. Application of Payments or Prceceds. Except as atherwise 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 Nate; (c) amaunts 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, secand ta any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payrnent which includes a sufficient amount to pay any late charge due, the pay�nent may be applied to the delinquent payrnent and th� late chazge. If mare than one Periodic Payment is outstanding, Lender may apply any payrnent received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payrnent can be paid in full. To the extent that any excess exists after the payment is applied to the full payrnent of one or more Periodic Payments, such excess may be applied to any late charges due. Valuntary prepayrnents shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance praceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due dat�, 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 payrnent of arnounts due for: (a) taxes and assessments and other iterns which can attain priority over this Security Instrurnent as a lien or encumbraz�ce on the Property; (b) leasehold payrnents or ground rents on the Pmperty, if any; (c) prerniums for any and all insura�nce required by Lender under Section S; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT �-61NE) (oet t 1 Page 4 qf 16 �n�tia�s. Form 3028 1l01 � - :-� ,,,,,, �,,