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200903387 THIS SECURlTY INSTRUMENT comt :les uniform covenants for national use and non-uniform covenants with limited variations by jurisdicti( I to constitute a uniform security instrument covering real property . UNIFORM COVENANTS. Borrower ane Lender covenant and agree as follows: 1. Payment of Principal, Interest, Es row Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of and interest on, the debt evidenced by the Note and any prepayment charges and late charges due unde) the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under th Note and this Security Instrument shall be made in U. S. currency. However, if any check or other instn nent received by Lender as payment under the Note or this Security Instrument is returned to Lender unpa t, Lender may require that any or all subsequent payments due under the Note and this Security Instrtffi ~nt be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money or(r; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is e awn 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 Le der in accordance with the notice provisions in Section 15. Lender may return any payment or partial pay 1ent if the payment or partial payments are insufficient to bring the Loan current. Lender .may accept an: payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunde or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not oblif Ited to apply such payments at the time such payments are accepted. If each Periodic Payment is applie( as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hole such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not a ' so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower If not applied earlier, such funds will be applied to the outstanding principal balance under the Note' 1mediately prior to foreclosure. No offset or claim which Borrower might have now or in the future age nst Lender shall relieve Borrower from making payments due under the Note and this Security Instrumet or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Procel" Is. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shai be applied in the following order of priority: (a) interest due under the Note; (b) principal due under tie Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in Ie order in which it became due. Any remaining amounts shall be applied first to late charges, second to my other amounts due under this Security Instrument, and then to reduce the principal balance of the Note If Lender receives a payment from Barr wer for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, Ie payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payn :nt is outstanding, Lender may apply any payment received from Borrower to the repayment of the Period . Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exis' after the payment is applied to the full payment of one or more Periodic Payments, such excess may be a plied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and len as described in the Note. Any application of payments, insurance! oceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due d le, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower lall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, ' sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other iternsihich can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leas( :old payments or ground rents on the Property, if any; (c) premiums for any and all insurance required )y Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie M ae/Freddie M (t UNIFORM INSTRUM ENT J)'^ .-6(NE) (0611) Page 4 of 15 Initials: i fT . @ 230499 Form 3028 1/01 CLA ''''() ri I' J}"'.. ~ ~) . ... jh .J._ I, ...,