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2oioa�572 THIS SfiCURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limitetl variations by jurisdiction ta constitute a uniform security instrurnent covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Iterns, Prepayment Charges, and Late Charges. Borrower shall pay when due the p�incipal of, and interest on, the debt evidenced by the Note and any prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for �scrow �tems pursuant to Section 3. Payznents due under 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 th� Note or this Security lnstruunemt is returnecl to Lender unpaid, Lender nnay require that any or all subsequent payments due under the Note and this Security Instrunnent be made in one or more of the following forms, as selected by Lender: (a) cash; (b) rnoney order; (c) certified check, banlc 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, instrumentaliry, or entity; or (d) Electronic F�nds 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 Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payrnent if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payrnent insuf�cient to bring the Loan current, without waiver of any rights hereunder or prejudic� to its rights to refuse such payment or partial paynnents in the future, but Lender is not obligated to apply such payments at che time such payrnents are accepted. If each Periodic Payment is applied as of its scheduled due date, then I,ender nced not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payrnents to bring the T.oan current. If Borrower does not do so within a reasonable period of tixne, I.ender shall either apply such funds or return them to Borrower. If not applied earlier, such funds wi11 be applied to the outstanding principal balance under the Note irnmediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrurnent or performing the covenants and agrcements secured by this Security Instrunn:ent. 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; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be appliad first to late charges, second to any other amounts due under this Security Instnunent, and then to reduce the principal balance nf the Note. If Lender receives a payment fram Borrower for a delinqueant Periaiic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If mare than one Periodic Payment is outstanding, Lender rnay apply any paya�xAent received from Banower to the repayrnent of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full paym�nt af ane or more Periodic Payrnents, such excess may be applied to any late charges due. Voluntary prepayments shail be 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 Note shail nat extend or postpone the due date, or change the amount, of the Periodic Payments. 3. �nds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of arnounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrurnent as a lien or encumbrance on the Property; (b) leasehold payments or ground rents an the Property, if any; (c) prerniums for any and a11 insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�N7 �-6(NE) �oa� �1 Page 4 of 16 initiais: Form 3028 1/07 � �, � i� Mi M � .. "i �' ; _ � • ��