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201�03011 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variarions by jurisdiction to constitute a uniform securiry instrument covering real property. UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 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 atso pay funds for Fscrow Items pursuant to Section 3. Payments due under the Note and this Se,curity Instrument shali be made in U.S. currencx. However, if any check or other instrument 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 l�ote 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 institution whose deposits are insured by a federai agency, instrumentality, or enrity; or (d) Electronic Funds Transfer. Payments are deemec� received by Lender when received at the locarion designated ir� the 1Vote or at such oYher 1o�l.ion as may be designated by T,ender in accordance with the norice provisions in Section 15. Lender may retu� any pa�rnent or partial payment if the payment or partial payments are insufficient to bring the Lo� cUrrent. Lenc�er may accept any payinent or partiat payncent insufficient to bring the Loan curtent, vt�itfiout waiver of any rights hereunc�er or prejudice to its rights to refuse such payment or partial payme�s ux tt�e futu.re, but �.enc�er is not obligatted to apply such payrgents at the time such payments are accegtec�. �f � Peri�c Payment is applied as of its �hedvled due c�ate, then Lender need not pay iat�.st oa �pg�i� ��. �,erider rnay hold such unagp�ied funds until Borrower n�akes payments to bring the Loa� curte�t. � Horrower does nat do so within a reasoIIable period of time, Lender shall either apply s�tch frmds or retura them to Borrower. If not applied earlier, such funds will be applied to the outstanding grinciga� ba:�ance trnder tke Note immediately prior to foreclostue. No offset or claim which Borrower mig3�E ha:de now or in the future against Lender shall relieve Bonower from making payments due under tke Note anct this 5ecurity Instrument or performiug the covenants an� agr�ments secured by this Security �nstru�ern. Z. A�ppfication of Payments or Proceeds. Except as otherwise described in this Section 2, all pa�m�nts acxepted. a� applied by Lender shall lre applied in the following order of priority: (a) interest due under tfie Note; (b) principat due under the Note; (c) amounts due under Section 3. Such payments shati be applied to � Periodic Payment in the order in which it became due. Any remaining amounts sha1l be applied fiirst 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 amount to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. 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 fu11. 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 prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proce,eds 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 shall pay to Lender on the c}ay Periodic Payments are due under the Note, until the Note is paid in fu11, 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) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) (0811) Page 4 of 15 Initials: Form 3028 1/01 � �,�� J�