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200904084 TIffS SECUCr:ITY TNSTRUMEN'P combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction w constitute a uniform sceurity instrument covering real Pr~tY• LfNIFgRM COVENANTS. 13arrower and Lender covenant and agree as follows: 1. Payment of Prindpal, Interest, Escrow Items, Prepayment Charges, and late Charges. Botrowor 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 shah also pay funds for Escrow Items pursuant to Section 3. Payments due tinder the Note and this Security Instrument shall be made in U.S, currency. However, if any check or other instrument received by Lender as payment under the Nate or this Security Instnrntent is returned to lender unpaid, Leader may require that any ar all subsequent paymutty due under the Nvte and this Security lnstrtrment be made in one nr more of the fallowing forms, as selected by lender: (a) rash: (b) money order; (c) certified check, bank cheek, treasurer's check or cashier's check, provided any such check is drawn upon an institutirtn whose deposits are Insured by a Federal agency, instrumentality, or entity; or (d) Electronic Funds "Transfer. Payments are deemed received by bender when received at the location designated in the Note or at such other location as may be designated 6y Lender in accordance with the notice prndrsions in Section 1.5. tender may rettun any payment yr partial payment if the payment or partial payments are insufficient W bring the Lean curxertt. Lender may accept any payment or partial payment insufficient ro bring the l.aan currant, without waiver of any rights hereunder or prejudice to its rights [o refuse such payment or p'ariial 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 date, then Lander need not pay interest an unapplied funds. Lender may hold such unapplied (ands until Borrower makes payment to bring the fvan current. If Borrower does not do su within a reasonable period of time, Lender shall either apply such funds ar return them trt Borrower. 1F trot applied earlier, such funds wilt be applied w the outstanding principal balance under the Nate immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against t.errder shall relieve Borrower from malting payments dam under the Note and this Security tnstrumcnt or performing the covenants and agreementx cured by this Security Instrument. 2. Applkatinn of Payments or Protxedq. Fatcepl as otherwise described in this Section 2, all payments accepted and applied by Lander shall be applied in the folbwing order of priority: (a) interest due under dre Note: (b) principal due under rho Note: (c) amounts due under Section 3. Satoh 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, second to any other amounts due ands this Security Instuument, and then W reduce the principal halancc of the Note. If [.ender receives a payment from Borrower for a delinquent Periodic: Payment which includes a sufficient atnvunt to pay any late charge due, rate payment may be applied to the delinquent payment and dte late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from .Borrower to dte repayment of the Periodic Payments if, and tv the extent that, each payment cart be paid in full. To the exteatt that any excess exists otter the payment is applied [o the full payment of one or more Periodic Payments. such excess may be applied to any late charges duo. Voluntary prepayments shall be applied first tv any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miacellartenus Proceeds to principal due under the Note shall not extend yr pvslprtrte the due date, or change the atnpunt, of the Periodic Payments, 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until [hc Nvte is paid in fall, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other ittuns which can attain priority over this Security Instrument as a lien yr encumbrance vn the Property; (b) h~settvld payments or ground carts pn the Property, if any; (c) premiums far any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Sinyla Family - Fsnnla Mu/Freddb Mao UNIFORM lNSTRUMt:N -G(NE) (ostti Pageaul t6 InaWlc~ O (128 1101