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20i10576� THIS SECURITY INSTRIJMENT combines uniform covenants for na�ional use and non-uniform covenants with limited varia.tions by jurisdiction to constitute a uniform security instrument covering real property. U1vIFORM COVENANi'S. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Tnterest, Escrow Items, Prepayment Charges, and Late Charges. $orrower shall 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 ma,de in U.S. currency. However, if any check or other instnunent 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 forms, as selected by Lender: (a) cash; {b) money order; (c) certif'ied check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer, Payments are 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 notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments aze insuf�cient 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, 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 scheduled due da.te, then Lender need not pay interest on unapplied funds. Lender may hold such una.pplied funds until Borrower makes payments to bring the Loan current. If Bonower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, sach funds will be applied to the outstanding principal balance uuder the Note immediately prior to foreclosure. No offset or claim which Bortower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of prioriiy: (a) interest due under the Note; (b) principal due under the Note; (c} amounts due under Section 3. Such payments sha11 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 auy other amounts due under this Security Instrument, and then to red.uce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suff'ieient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. ff more than one Periodic Payment is outstanding, Lender may apply airy payment received from Bonower to the repayment of the Feriodic Payments if, and to the exteut that, each gayment can be paid in full, To the extent that any excess e�sts after the payment is applied to the full payment of one or more Periodic Payments, such excess ma.y be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. A� application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or cha.nge the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Period.ic Payments are due under the Note, until the Note is paid in fu11, a sum (the "Funds") to pmvide for payment of amounts due for: (a) taxes and assessments and other items wluch can attain priority over this Security Instrument as a lien or encumbrance on the Progerty; (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 Tnc,�,�n� NEBRASKA - Single Family - Fannie Mae/Freddie Mec UNIFORM (NSTRUMENT �-6{NE► toea�i Paga4ot 16 i��: Form 3028 7/01