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201�004�� 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. Borrower and Lender covenant and agree as follaws: 1. Payment of Principal, Ynterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debC evidenced by the Note and any prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Fayznents 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 paym�nt under the Note or this Security Instrument is returned to L.ender unpaid, Lender rnay require that any or all subsequent payrnents due under the Note and this Security Instrument be rnade in one or mare of the following forms, as selected by Lender: (a) cash; (b) money 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 federal agency, instrumentality, or entity; or (d) Electronic Pun.ds Transfer. Payments are deemed received by L,ender 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 pravisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Laan current. Lender rnay 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 payments in the future, but J.ender is nat 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 Lender need not pay interest on unapplied funds. T..,ender may hold such unapplied funds until Borrower makes payments to bring the I.oan current. If Borrower does not do so within a reasanable period of time, Lender shall either apply such funds or return thern to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note irntnediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from rnaking payments due under the Note and this Security Instrurnent or performing the covenants and agreements secured by this Security Instrument. 2. Application of 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 sha11 be applied ta each Periodic Payment in the order in which it becatne 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 af the Note. If Lender receives a payment from Borrower for a delinquent Periodic 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 more than one Periodic Payment is outstanding, Lender rnay apply any payment received from Barrower 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 payment of one or more Peripdic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayrnent 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 pastpone the due date, or change the amaunt, of the Periodic Fayments. 3. �nds for Escrow Items. 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 arnounts due for: (a) ta�ces and assessments and other itezt�s which can attain priority over this Security Instrument as a lien or encunr�brance 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) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �-6(NE) 108t t 1 Page 4 of 15 �nitia�s: Form 3028 1l01 �