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201104121 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations 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 sha11 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. currency. However, if any check or other instYVment received by Lender as payment under the Note or this Security Instroment is returned to Lender unpaid, I,ender may require that any or all subsequent payments due under the Note and this Security Instrument be made iu one or more of the following forms, as sel�ted by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's che,ck, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or enrity; or (d) IIectronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other Iacateon as may be designated by Lender in accordance with the notice provisions in �ction 15. Lender may return any payment or partiat payment if the payment or partial payments are insufficient to bring the Loan cunent. Lender may accept any payment or partiat payment insufficient to bring the Loan cunent, without v�raiver af any rights hereunder or prejudice to its rights to refuse such payment ar partiat payments in ttie future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its schedvled due date, then Lender need not pay interest oa unapplied funds. Lender may hold such unapplied funds until Bartower makes payments to bring the Loan cunent. If Borrower daes not do so within a reasonabie period of time, Lender s� either apply sucl� funds or return them to Borrower. If not applied �rlier, such fimds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or ctaim which Borrower might have now or in the future against Lender shall relieve Borrower fram making payments due under the Note and this Security Instrument or performing the covenauts and agreements se.cured by this Security Znsttument. 2. Application af Payments or Proceeds. Except as otherwise described in this Secrion 2, all payments accegtec� and agplied by I.ender shall be applied in the following order of priority: (a) interest due under the Note; (6) principal due under the Note; (c) amounts due uncter SecrioII 3. Such payments shall be applied to each Periodic Payment in the order in which it be,came due. Any remaining amounts shall be applied first to Iate 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 Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be appIied 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 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 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. Bonower 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 prioriry 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) (0811) Page 4 of 15 Initials: � Fo�m 3028 1/01 � ��1