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201102914 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 follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment chazges 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 Instnunent shall be made in U.S. currency. However, if any check or other instnunent received by Lender as payment 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 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 institurion whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lencter when received at the locatian designated in the Note or aE such other loeation as may be designated by Lender in accordance with the notice provisions in Section I5. I.encIer may return any payment or partiat payrnent if the paymen2 or partiat payments are insufficient to bring the Loan current. L,ender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refi�se such payment or partial payments in the future, but �,ender is not obligated to apply such pay�rients at the time such payments are accepted. If each Periatic Payment is applied as of its scheduled due date, then Lender need not pay interest on unappliec� furnis. L.ender ma}� hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrovver dces nc�rt civ so vvithin a reasonable period of time, I.ertder shall either apply such filncts or retur� them to Barrower. If not applied earlier, such funds will be applied to the outstanding principat batar�e unc}er ttEe Nate immediately prior to foreclosvre. No offset or cTaim which Borrower might have rtow or in the future against Lender shati relieve Borrower from making payments due under the Note and this Security Instrument or perfornung the covenants and agreements securect by this Security Instniment. 2. Appiication of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shaII be applied in the foIlowing order of priority: (a} interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be agplied to e�h Periadic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principat balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower 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 fulI payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments 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 not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower sha11 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 amounts due for: (a) ta�es 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) premiums for any and a11 insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � �-6(NE) loatt) Page4ot 15 Initials: �n( �/ � Form 3028 1/01 � �=--t—