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201�0540� THIS 5ECURITY INSTRUMENT combines wniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security 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. Bonower sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment chazges and late chazges due under the Note. Borrower sha11 also pay funds for Escrow Items pursuant to S�tion 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instrument re�eived by Lender as payment under the Note or tlus Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Securiry Instnunent 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 ch�k is drawn upon an insriturion whose deposits are insured by a federal agency, instrumentality, or enrity; or (d) Electronic Funds Transfer. Payments aze de,emed received by Lender when received at the location designated in the Note or at sucfi other l:ocatian as ma.y be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any p�yment or partial payment if the payment or partiai 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 future, hut Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unappliect funds. LencieF inay hold such unapplied funds untit Bonower makes payments to bring tlte Laan current. If �orrower do� nat do so within a reasonable period of time, I,ender shall either apply such funds or return thenz to Borrower. Tf not applied earlier, such funds will be agplied to the outstanding principat balaace under the Note immediately prior to foreclosure. No offset or cIaim which Borrower m'tght have now or ia the fut�.re against Lender shall relieve �orrower from making payments due under the Note and this Security instrument or performing the covenants and agreements secured by this Se,curity Instrument. 2. Applica�ion of Pay�ents or Proce�ds. Except as otherwise described in this Secrion 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principaI due vnder the Note; (c) amounts ciue 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, seconct to any other amounts due uncter this 5ecurity Instrument, and then to re�uce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient atnount 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 from Bonower to the repayment of the Periodic Payments if, and to the elctent 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 chazges due. Voluntary prepayments sha11 be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proc�eeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or gostpone 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 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 Securiry 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) coa� �� Page 4 of 15 io�c�eig: L� Form 3028 1/01 0