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2oioo7�s� "I'HIS SECURITY INSTRUMENI' coznbines uniforrn covenants for national use and non-uniform covenants with limited variations by jurisdaction to constitute a unifonn security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender cavenant and agree as follpws: 1. Payment ot' Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower 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 shall also pay funda for Escrow Items pursuant to Section 3. Payments 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 payanent under the Note or this Security Instrument is returned to Lender unpaid, Lender znay require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier' s check, provided any such check is drawn upon an institutian whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds "I"ranafer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be desi�nated by Lender in accordance with the nntice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payrnent or partial payment insufficient to bring the Loan current, withoui 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 such payments are accepted. lf each Peripdic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds, Lender may hold such unapplied funds until Borrower n�ake5 payments to brin� the Loan current. If Borrnwer does not do so within a reasonable period of time, T�ender 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 Note imm�diately prior to foreclosurE. No offset or claim which Borrower mig}�t have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this 5ecurity lnstrument or performing the covenants and agreements secured by this Security Tnstrurnent. 2. Application of Payments or Froeeeds. Except as otherwise described in this 5ection 2, all payments accepted and applied by Lender shal] be applied in the following order oi priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such paymencs 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 under this Security Instrument, and then to reduce the principal balance of the Note. Tf Lender receives a payment from Borrower for a delinquent Periodic Payrnent which includes a sufficient amount to pay any late charge due, the payment rnay be applied to the delinquent payment and the late charge, If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full, To the extent that any excess exiats after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied �rst to any prepayment charges and then as described in the Note. Any application of payments, insurance praceeds, or Miscellaneous Proceed5 to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shal] pay to Lender on the day Periodic Payments are due under the Note, until the Nnte 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 Instrument as a lien or encumbrance on the Property; (b) leasehold payinents or ground rents on the Property, if any; (c) premiums for any �a �ri insurance required by T.ender under 5ection 5; and (d) Mortgage Insurance 10-09-000018 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INS7FtUMENT �-B'N�) (0811) Page4 of 15 Initials:�� Form 3028 1101 D