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20�1�569� 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 COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, �repayment Charges, and Late Charges. Borrower shall pay when dus the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrawer 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 otlier instrument received by Lender as payment under the Note or this Security Instrument is returned 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 fornis, 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 institurion whose deposits aze insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed recei�ed by Lender when reeeived az the 1QCation designated in the Note or at such other l�tion as nnay be designated by Lender in accordance with the norice provisions in 5ection 15. Lender may retura any payment or partial payment if the payment or partial payments are insu�cieIIt to bring the I.oan current. Lenc�er may accept any payment or paniat gayment iusufficient ro bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse sueh payment or partial payments in the future, but Lender is nat obligated to apply such payxnenis at the time such payments are accepted. If each Peziodic Paymen� is applied as of its scheduted due date, tken Le�er need not gay interest on unapglied funds. �ender may hold such unapgiied funds uBtil Borrower mal�es payments to bring the Loau etanent. If Barrower does not do so within a reasa�ble period of time, I.ender shall either apg2y such ftm8s or return them to Borrower. If not applied e�arlier, such funds will be applied to the outstaading principal b�tance uncter the Note immediately prior ta for�Iosure. Na offset or claim whitch Borrower might have now or in the future against Lender sFiatt. relieve �orta�+er from g�king payments due unrier the Note annd this Se�urity Instrument or performing the covenants and agreemeIIts secured by this Security Instruinent. 2. Agplication of Fayments or Proceeds. Except as otherwise described in this Se�tion 2, all payments accepted and appliec� by Lender shall be applie� in the foltowing order of priority: (a) interest due under the Note; (b) principai due nn�er the Note; (c) amouuts due uncier Secrion 3. Such payments shall be agglie� to each Feriadic Payment in the order in v¢Iuch it became due. Any remaining amounts shall be applied first to late charges, second to any other amoUnts due under this Secusity 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 chazge due, the payment may be applied to the detinquent payment and the late charge. If more than one Periodic Payment is outstanding, I.ender may apply any payment received from Borrower to the repayinent of the Period'zc 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 chazges due. Voluntary prepayments sha11 be applied first to any prepaynnent charges and then as described in the Note. Any applicarion of payments, insurance proaeeds, or Miscellan�us Proceeds to principai due under the Note shall not elctend or postpone the due date, or change the amount, of the Periodic Payments. 3. �unds for Escrow Items. Bortower shall pay to Lender on tke day Periodic Payments are due under the Note, until the Note is paid in fvll, a sum (tlie "Funds") to provide for payment of amounts due for; (a) taxes and assessments and other items which can attain priority over this Secwrity 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 IIVSTRUMENT �-6(NE) (o811t Page4of 15 Initials: Form 3028 1/01 � � , �