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20110326� THIS SECURITY INSTRiJMENT combines uniform covenants for national use and non-uniform covenants with limited vatiarions by jurisdicrion to constilute a uniform security instrument covering real property. LTNIFORM COVENANT5. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Chargea. Bonower 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 Note and this Security Instrument shall be made in U.S. cutrency. However, if any check or other instnxment received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require tha.t 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 institution whose deposits are insuted by a federal agency, instrumentality, or entity; or (d} Electronic Funds Transfer. Payments are deemed received by Lender when received at the locarion designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender 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 refuse such payment or partial payments in the futute, but Lender is not obligated to apply such payments at the time such payments ate accepted_ If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Bonower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Bonower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Inslrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Secrion 2, all payments accepted and applied by Lender sha11 be applied in the following order of priority: (a) interest due under the Note; (b) principal due uuder the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late chatges, second to any other amounts due under this Secutity 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 charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received &om 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 ia applied to the full payment of one or more Periodic Payments, such exce,ss may be applied to any late charges due. Voluntary prepayments ahall be applied first to aay prepayment charges and then as described in the Note. Any applicarion 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 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 amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Inst7ument 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 inc„rance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA- Single Family - Fannle Mae/Freddle Mac UIdIFORM INSTRUMENT ��{NE) �a�� Paga4of15 IniUals: Fom13028 1/01