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200903905 THIS SECURITY INSTRUMENT combines uniforrxr covenants for national use and non-uxrifonn coverrarxts with limited variations by jurisdiction to corxsdtute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by dxe 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 tlxis Security Instrument shall be made in U.S. currency. However, if any check or other irrstruxnent received by Lender as payment under the Note or this Security instrument is returned to Lender unpaid, Lender may require drat any or all subsequent payments due under the Nate and this Security Instrument he made in one or more of the following forms, as selected by Lender: (a) cash; (b) nxoney order; (c) certified 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, instrunxentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location desigxxated in the Note or at such other location as may he designated by Lender in accordance widx the notice provisions in Section 1.5. Lender may return any payment or partial payment if the payment cxr partial payments are insufficient to brixig 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 suclx payments are accepted. If each. Periodic Payment is applied as of its scheduled due date, thou Lender need not pay interest on uxxapplied funds. Lender may hold such urxapplied funds until Borrower .makes payments to bring the Loan currerxt. if Borrower does not do so witlxin 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 tlxe Note inxnxediately prior to foreclosure. No offset or claitxx which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note arxd tlxis Security Instrument or pertixrrning 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 priority: (a) interest due under the Note; (h) principal due under the Note; (c) amounts due under Section 3. Such payments shall he applied to each Periodic Payment in the order irx which it became due. Any remaining amounts shall he applied first to late charges, second to any other amounts due under tlxis Security Instrument, and then to reduce the principal balance of die Note. if Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payaxxerxt may be applied. to the delinquent payment and the late charge. if more than one Periodic Payment is outstarxdirxg, Lender may apply any payment received from Borrower to the repayrneut of the Periodic Payments if, and to dxe 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 appNed to any late charges due. Voluntary prepayments shall he applied first to any prepayment charges and then as described. in the Note. Any application of payments, insurance proceeds, or. Miscellaneous Proceeds to principal due under the Nate shall not extend or postpone tlxe due date, or change the amount, of dxe Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under tlxe Note, until the Note is paid in full, a surrr (the "Funds") to provide for payment of arnouxits due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a Hen or encumibrance on tlxe Property; (h) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender urxder Section 5; and (d) Mortgage Insurance NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~-G1NE) (0811) Page 4 of 1 5 Initials: Form 30,x$ ~ /~'I