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201103387 THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variarions 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. Bonower shall 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. Bortower 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. currency. However, if any check or other instnunent received by Lender.as payment under the Note or this Security Instrument is retumed 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 che,ck, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits aze insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfet. Payments aze deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the norice provisions in Secrion 15. Lender may return auy payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partia! payment insuf�cient to bring the Loan cuneut, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or gartial payments in the future, but Lender is not obligated to apply such gayments at the titne such payments are accepted. If each Periodic Payment is applied as of its sche,�ivl.e.c� due date, then L.ender nced not pay interest ��apglied �cts. �.euder �rsay ho1d. such unapplied fe�nds ru� B�rrower makes payments to briug �Iie Loa� crxsrent. if B�ro�er ctoe,s not cto so withig at resso�r�ble geriad of time, Lender shall either apply s� fuczds o� reEct�'a �tea�a to �srov�er. If not applied e�ier, sucF� fetnds wii� � applied to the outs�and�cg g�i�al �� der t�Ce Note immediately prior to forecloserre. No offset or ciaim which Bormwer �gh� E�ve How or in tf�e futuae aga�nst LeIIder shatl relieve Borrawer from making payments due u�der ttte Note auc� this Sec�ity �ent or gerforming tfie covena8ts anc� agreements se.cured by this Sec�ity Instrume�t. 2. Apglieation 0f Paym�ts or Proeee�)s. Fxcept as otherwise described in this Secrion 2, all PaYmen�s �Eed a� �glie� b�r F.�a.der sfiall be agplied in the �olFa��vin.g o�der of priority: (a) interest due uncte� t�te l�a�te; �[r) Pa�Fa� � c�er t�te Nate; Fc) amc�rmts c�e vncies Section 3. 5vch payments sha1Y i� ag�lied to eac�t Periodic Payme� in the order i� wl�ic� it � due. Any *�...ain�ng amounts sha�I Ue appIied first to Iate charges, second to azry other amounts due unc�er ttus Security Tnstcvment, and then to reduce the principal batance of the Note. If Lender receives a payment from Bonower for a delinquent Ferioc�ic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the ctelinquent 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 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 Miscellan�us 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, u.ntil the Note is paid in fu11, a sum (the "Funds") to provide for payment of amounts due for: (a) tases 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) 108� 1) Page 4 of 15 Initials: Form 3028 1/01 � � a , �i ,