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200904247 THIS S>/(.".tlRl'1'Y INS"fR171v11/NT combines uniform covenants for national use and non-uniform covenants with limited variations by jr.rrisdiction to constihde a uniform security instrument covering real property- i7N11~OItM ('OVENANTS. Borrower anal Lendet covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay whcr, clot the principal af, and interest on, the debt evidenced by the Note and any ptepaytnenl. chart;cs :urd I:rlc charges due under the Note- Borrower shall also pay funds for Escrow Items pursuant to Section 3. P:.ryrncul.s due under the Note and this Security Instniment shall be made in U.S. currency- i~awevcr, if any check ur other instrunent received by Lender as payment under the Note or this Security Insl.rr.rm(n1 is r•ctur•ned to Lender unpaid, Lender may require that any or all subsequent payments due >-u[)dcr the Nnt:c anti this 5ecurily Instrument be made in one or more of the following forms, as selected by i.,ender: (a) cash; (h) nu)ney order; (c) ccrtitied check, bank check, treasurer's check of cashier's check, provided any sr.rch check is drawn upon an institution whose deposits are iusm'ed by a federal agency, instru:n)cntaliiy, nr cnt.ity; or (d) llectranic Funds Transfer. Payments arc deemed re;cr:ivucl by .Lender when received at the location designated in the Note or at such other location. as may he dc~ignatcd by Lender in accordance with the notice provisions iu Section 15. Lender may return any payn)enl nr parlia.l payment. if the payment or partial payments are insufficient to h. ring the Loan current. Lender nrry 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 lirlc.n•e, but. Le:ndnr i~ r:,ot ahligated to apply such payments at the tinnc such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on llllapplled Illu(Is. L ~nd(:r (rray hold such unapplied fiords tultil Borrower makes payments to bring the Loan cu.rre;nl. If Borrower does not do sn within a reasonable period of time, Lender shall either apply such Iirncis or relr.rrn Ih~m to Borrower. If not applied earlier, such funds will be applied to the outstanding principal halanc(~ ru)dcr fire Note irmmediately prior to foreclosure. No offset or claim which Borrower might. have now or in the fui:ure against bender shall relieve Borrower from making payments due under the Note and Lhis Sccr.n-ity instrument pr perfi)rming the covenants and agreements secured by this Sccnrity lnslrtinnUnl. 2. Applic.-tion ul• Payments nr Proceeds. Iixccpt as otherwise described in this Section 2, all. payments accepted and ;y)1)licd by Lender shall be applied in the following order of priority: (a) interest clue ulldet Lh~, NULe,; (h) ln•iucil)al due. render the Note; (c) amounts due under Section 3. Such payments shall he applied to caclr I'criodic Payment in the order in which it became due. Any remaining amounts shall be applied tirtit to laic charges, second to any other amounts due under this Security Instrument, and then to reduce the principal. halunce ol'1.1)e Note. If Lcndcr receives a payment l~rotai Borrower for a delinquent Periodic Payment which includes a sufficient aorrnrnt to pay any lal( charge due, the payment may be applied to the delinquent payment and the late charge- iP rnor•c than. one Periodic Payment is outstanding, Lender may apply any payment received from. B(~rrnwcr to the repayment of Lhe Periodic Payments if, and to the extent that, each payment can he paid in fiill- 'fo the extent that any excess exists alter the payment is applied to the fiill payment of one or more Perinclic Payments, sr.rch excess tray be applied to any late charges due. Voluntary prepayments shall be applied first to any prc:paymenl c.ha.rges and then as described in the Note. Any al)plication oI' payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend ur• posfponc the due date, or change the amount, of the Periodic Payments. 3. Funds for escrow Itcn)s. B(.,rrower shall pay to Lendet on the day Periodic Payments are due under the Note, until the. Note. is paid in toll, a sum (the "Funds") to provide For payment of amounts due for: (a) taxes and •asscssmcnls ;end other items which can attain priority over this Security Instrument as a lien or cncurnhrance on IhG 1?rop~rly; (h) leasehold payments of ground rents on the Property, if any; (c) premiums Iiir any a.ud ..ell insr.n-:ante rcyuired by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA- Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT -6(NE) (0811) Page 4 of 15 i~~t~eis: Farm 3028 1~U1