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2o~.ou544s 'PHIS SF("C.I12I"fY INS'1'ItUMIN'1' combines unifnrzn cavezxants i'or national use and non-uniform covenants with limited variations by ,jurisdiction to a)nslitute a uniform security instrument covering real property. C)NIP(:)RM C()V)/NAN"1"S. Borrower and I.undcr covezzant azxd agree as follows: X. Payment at' Prizacipal, Interest, Escrow Items, Prepayment Charges, and Late Charges. l3orrnwer shall pay when due lhu 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 )scrow Items pursuant to Section 3. 1)aymunls due under the Note axxd this Security Instrument shall be made in U.S. currency. However, if any chuck or otlxer instrument received by Lender as payment under the Note or this Security Instrument is ruWrned to Lezxder unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in arxe or rrxore of the following forms, as selected by I,endur: (a) cash; (b) money order; (c) certified check, bazxk check, treasurer's check or cashier's chuck, provided any such cheek. is drawn upon an institution whose deposits are insured by a federal agency, instruxuentality, or entity; or (d) rleclrC)nic I'ux1d5 Transfer. 1'ayznents arc deexrxed received by l.endur when received at the location desigzzated in the Note or at such other location as znay be desigxxatcd by I,cndur iaY accordazzce with the notice provisions in Section 1S. I,cnder nzay return axxy payrrxent or partial paynzcnl i1' the payz~xexzt ur partial payments are insufficient to bring the l..uan current. Lexxder xnay accept any payxrxunl or partial payxzYent insufficient to bring the Loan current, witht)ul waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in lhu future, but Lender is not obligated to apply such payments at tlxe time such payments are accepted. if each Periodic payxx'xent is applied as of its schadulcd due date, then Lender need not pay interest on unapplied fuxxds. Lender xuay hold such unapplic:d funds until Borrower makes payments to bring the Loan current. Ii' Borrower does not do sc) within a reasoxxable 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 Nole inxrzxediately prior tei foreclosure. No offseC or claim which f3arrower rrxiglxt have now or in lhu future against Leander shall relieve Borrower from making payments due under the Note and ibis Security Ixislruxnunt or perfornxing tlxe covenants and agreements scoured by this Security Izxstruxxxenl. 2. Application of Payments or Proceeds. Except as otlxerwise described in ibis Section ~, all payments accepted and applied by I.,undur shall he applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Notc; (c) amounts due under Section 3. Such payments shall he applied to each periodic 1'aymcnt in the order in which it became due. Any remaining amounts shall be applied first to tale charges, secozxd to any other axrxouxxts due under this Security Instrument, and then to reduce tlxe principal balance of the Note. If Lender receives a payzrtent froxzi Borrower for a delinquent periodic Payment which includes a sui~ficient amount to pay any late charge due, fire payment may bu applied to the delinquent payment and the late charge. If more than t)zze Periodic payment is outstanding, l.,ender may apply any payment received i'roxn Borrower to tlic repayrzxezzt of the Periodic payments if, and to the extant drat, each payment can be paid in full. 1'o the extent that any excess exists after the payzz'xerxt is applied to the full payment of one or zz'tore periodic payments, such excess xnay hu applied to any late charges due. Voluntary prepayments shall he applied first to axxy prupayx~~cnt charges and then as descriheci in the Nute. Any application oI' paymuzxts, izzsurancu proceeds, or Miscellazxeous proceeds to principal due under llxe. Nt)te shall not extend or postpone the due dale, or ctxaxxge llxe axxzouxzt, of kkxe periodic payments. :i. I~ undti t'or F,scrrrw Items. Borrower shall pay to Lender on the day periodic payments are due uzxdcr Llxu Nutc, uxxiil the Note is paid in full, a surxx (,the "I~uzxds'") to provide 1'or payment of amounts due 1'or: (a) taxes and assessxxxexxts axxd other ilexes which can attain priority over ibis Security Instrument as a lien or encumbrance oxx tlxe Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and. alI izxsuraxxce required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT [~ -6(NE) lose t 1 Paga 4 of 15 initiai8: h'- Form 3028 1 /07