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2U1�OQ4E8 THIS SECURITY INS"I"RUMENT combines uniform covenants for national use and non-uniform covenants with lirnited variations by jurisdiction to constitute a uniform security instrument cavering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepaym�nt Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepaymenC 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 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 Instrument be made in one or more of the following farms, as selected by I..ender: (a) cash; (b) rnoney order; (c) certi�ed 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 fad�ral agency, instrumentality, or entity; or (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. L.ender may return any payment or partial payment if the payment ar partial payrnents are insufficient to bring the L,oan current. L,Qnder may accept any payment ar partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnent or partial payments in the future, but I.,ender is not obligated to apply such payrnents at the time such payrnents are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender rnay hold such unapplied funds until Barrower rnakes payrnents to bring the Loan current. If $orrower does not do so within a reasonable period of time, I.ender shall either apply such funds or retum them to Borrawer. If not applied earlier, such funds will be applied to the outstanding principal balance under the Nate immediately prior ta foreclosure. No offset or claim which Borrower might have now or in the future against L.ender sha11 relieve Barrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Tnstrument. 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 due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments sha11 be applied ta each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied �rst to late charges, second to 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 Payment which includes a sufficient arnount to pay any late charge due, the payment may be applied to the delinquent payrnent and the late charge. if more than one Periodic Paym�nt is outstanding, Lender may apply any payment received frorn Borrower to the repayment of the Periodic Payments if, and ta 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 rnore Periodic Payments, such excess may be applied to any 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 Miscellaneous Proceeds to principal due under the Note shall nat extend or postpone the due date, or change the amount, of the Periodic Payments. 3, k�nds for Escrow Items. Borrower shall pay to I.ender on the day Periodic Payments are due under the Nate, 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 Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiuzns for any and all insurance requ'ired by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ''� _ �-B�NE) ioei i i Page 4 of 15 Initials . Form 3028 1/01 �