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201102624 TIIIS SECURITY INS7'RIJMENT coinbines uniii�rm covcnants ti�r national use and non-unifonn covcnants with liinitcd variations by jurisdiction to constitutc a unifonn sccurity instrumcnt covcring rcal property. IJNIFORM COVENAN"I'S_ Borrower and Lender covenant and agree. as follows: 1. Payment uf Principal, Interest, Escruw Items, Prepayment Cherges, and Late Charges. Borrower shall nay whe;n due thc principal of, and in(eresl on, lhe debl evidenced by lhe Nule and any prepayment charges and late charges due under the Note. Borrower shall also pay fiuids for F.scrow Items pursuant to Section 3. Payments due under the Note and this Security Instn►ment shall be made in U.S. currency. However, if any check or other instrument reccived by Lender as payment under the Note or this Security Instniment is returned to Lender unpaid, Lcnder may reyuire that any or all subsequent payments duc undcr thc Notc and this Su:urily Instruincnt bc niadc in c�nc or m�rc of thc following fonns, as selectcd by Lender: (a) cash; (b) money order; (c) certified check, bank chel;k, treasurer's check or cashier's ch�ck, provided any such check is drawn upon an inslitution whose deposits are insured by a federal agency, instniinenlality, or entity; or (d) [;Iectronic }�unds 7'ranster. Paymentti art deemed r�ceivud by Lender when r�:eived ul lhe location dcsigneted in the Nole or at sudi other location as may bc designated by Lender in accordance with the notice provisions in Section 15. Lender may rehirn any payinent or partial pay�nent if the payment or paMial payinents are insufticient to bring the Loan cuttent. Lender may accept any paymcnt or partial payment insuflicient to bring the Loan current, without waiver ot' any rights heret►ndcr or prejudice to its rights lo refusc such payment or partial paymcnts in thc fuhirc, but Lcndcr is not obligatcd to apply such payincnts at thc timc such payn�cnts arc accepted. If each Periodic Paytnent is applied as of its scheduled due date, then Lender need not pay interest on imapplied iunds. Lender inay hold such unapplied hmds until F3orrower makes payments to bring the Loan current If Borrower does not do so within a reasonable period of tivlc, Lender shall either apPly such Cundti or return lh�m lo I3�irrower. IC nut app{ied earlier, such funds will be applied lo th� outstandiug principal balance; under the Nole iminediately prior to forcclosure. No offset or claim wliich Borrower �uight have now or in the future against Lender shall relieve Borrower frotn inaking paynlents due under lhe Note and this Security Instrumenl or performing the covenants and agreements secured by this Security Instrument_ 2. Applicallon of Payments or Proeeeds. Exccpt as othcrwise dcscribcd in this Section 2, all payments accepted and applied by Lender shall be applied in the following ordcr of priority_ (a) ioterest due under thc Note; (b) principal due under Ihe Note; (c) atnoimts due imder Section 3. Such paymenls shall be applied to each Periodic Paytnen( in the order in which it became due_ Any remaining amounts shall he uppliecl Grtil lu lute charges, second lo any olher amounls due under this Securily Inslniment, und then to reduce the principal balance of the Note. If Lender rcceives a payment from Borrower for a delinqttent Periodic Paynient which includes a sufficient amount to pay any late charge due, the �ayment may be applied to the delinquent payment and the late charge. If mare than one Periodic Payment is outstanding, Lender may apply any payu�ent received from Bonowcr to thc rcpaymcnt oP thc Pcriodic Paymcnts if, and lo thc cxtcnt that, cach paymcnt can bc paid in fi.tll_ Tc� thc cxtcnt that any cxccs cxists aftcr thc paymcnt is applicd to thc full paymcnt of onc or more Periodic Payments, such cxcess may be applied to �ny late charges due_ Voluntary prepaymenls shall bc applied tirst to any prepayment charges and then as described in the Note. /1ny a��Pliculic�n uf paymcnl�, intiurance Priic��dti, iir Miticellan�c�us Pr��ceedti lci �rinciPul due under tlic Note shall not extend or postpone the due date, or change the amouni, of the Periodic Pay►nents. 3. Funds for Eserow Items. Borrower shall pay to Lender on the day Pcriodic Payments are due under the Note, until the Nofe is paid in fUll, a suin (the "Punds"1 to provide for payinent of amounts due for: (a) taxes and assessinents and other items which can attain priority over this Security Instrument as a lien or encwnbrance on the Property; (b) leasehold payments ar gruund rents on the Properiy, if any; (c) prculimns for any and all insurancc rcquircd by Lcndcr undcr Scction 5; and (d) Mortgagc Insurancc NEBRASKA- Single Family - FannieMae/Freddie Mac UNIFORM INSTRUMENT�,�+ v Ll �-6(NE) �oat>> Page 4 of 15 n,�r��5: Fo�m 3028 1/01 0