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201104288 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 COVENAN'I'S. Borrower and L.ender covenant and agree as follows: Y. 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 instrument received by Lender as pay�nt under the Note or this Secutity Tnsttument is return� to Lender unpaid, Lender may rec}uire that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following fortns, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank ch�k, treasurer's check or cashier's check, provided any such check is drawn upon an insritution whose deposits are insured by a federal agency, insmun.entality, or entiry; or (d) ElecCronic Funds Transfer. Payments are deemed. received by L�nder when received at the locarion designated in the Note or at such other Iocarion as may be designated by Lender in accordance witl� the norice provisians in Section 15. Lender may return any payment or gartiat payment if the payinent or partial payments are insufficient to briug the Loan current. Lender may accept any payment or partiai 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 fut�ue, but Lender is not obligated to apply such payments at the time such payments aze accepted. If each Periadic 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 Bonower does not do so within a reasonable period of time, I.ender sball either agply such funds or retum them to Hortower. If not applied earlier, such funds will be applied to the outstanding principal balance tmder the Note immediately prior to fo:�losure. No offset or ciaim which Bortower might have now or in the future against Lender shall relieve Borrower fro� making payments due under the Note and this Security Instlument or performing the covenants and agreements secured by this S�urity Instrument. 2. Application of Payments or Proceeds. Except as othezwise described in this Secrion 2, all payments accepted anct applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal c�ue under 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 charges, second to any other amounts due under this Security Instrument, and ttien to reduce the principal balance of the Note. If Lender r�eives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late chazge due, Che payment nnay be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, I.ender may apply any payment received from Bonower 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 chazges 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) 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 foF 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) (o811J Page 4 of 15 Inkials: Form 3028 1/01 m \% ' _ ' � � ��`