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2aiioo��w THIS SECURITY INSTRUMENT cambines uniform cavenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrurnent cnvering real property. UNIFORM COVENANTS. Borrower and L,ender covenant and agree as fallows: 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 Nate and this Security Tnstrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrurnent is returned to Lender unpaid, L.ender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more af the following forms, as selected by Lender: (a) cash; (b) money 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, instrumentality, or entity; or (d) Electxonic Funds Transfer. Payments are deem�d received by Lender when received at the location designated in the Note or at such other location as may be designated by I.ender in accordance with the natice provisions in Section 1S. L.ender rnay return any payment or partial payment if the payrnent or partial payments are insufficient to bring the Loan current. Lender may accept any payrnent ar 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 Lender is not oblzgated 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 an unapplied funds. L.ender may hold such unapplied funds until Borrower makes paynaents to bring the Loan current. If Barrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Barrower might have now or in the future against L.ender shall relieve Borrower from making payrnents due under the Note and this Security Instrument or performing the covenants and agreemcnts secured by this Security Instrument. 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 shall ba applied to 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 lnstrument, and then to reduce the principal balance of the Note. If Lender receives a payment frorn 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 payment and the late chazge. If more than one Periadic Payment is outstanding, Lender may apply any payment received from Bonower 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 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 Nate shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under Che Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due far: (a) ta.xes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance an the Property; (b) leasehold payments or ground rents on the Property, if any; (c) prerniums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRA$KA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENt �-BIryE) Ioa� i 1 Page 4 of 15 in�sieis: Form 3028 ! 1 ��`��