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�01007�7� THIS SECURITY INSTRUMENT combines uniform covenants for natianal use and non-uniForm covenants wzth lixnited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrowez' and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charg�s, and Late Charges. Borrower shall pay when due che principal of, and interest an, the debt evidenced by the Note and any prepayrr►ent charges and late charges due under the Note. Borrawer shall also pay funds for Escrow Items pursuant to Section 3. Paym�nts 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 payrnent under the Note or this Secnrity Instrument is returned to I.ender unpaid, Lender rnay require that any or all subsequent payments due under the Note and this Security Tnstrurnent be made in one or rnore of the following forms, as selected by I.ender; (a) cash; (b) money order; (c) certi�ed check, bank check, treasuxer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; ar (d) �lectronic Funds 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 1S, Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender rnay accept any payment or partial payrnent insufficient to bring the Laan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment ox partial payments in the future, but I,ender is not obligated to apply such payrnents at the time such pay�nents are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay intexest on unapplied funds. Lender may hald such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable periad 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 Note immediately 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 InstrumenC or perfoz7ming the covenants and agreements secured by this Security Instrument. 2. Application oY Payments or Procceds. Except as otherwise described in this Section 2, all payrnents accepted and applied by Lender shall be applied in the follawing 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 becarne due. Any remaining amounts shall be applied first to late charges, second to any other arnounts due under this SecuriCy Instruznent, and then to reduce the principal balance of the Note. If L.ender receives a payment fram Borrower for a delinquent Periodic Payment 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 rnay apply any payznent received from Borrawer 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 exists after the payment is applied to the full payment of one or more Feriodic 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 proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or chang�e the amount, 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 the Note is paid in full, a sum (the "Funds") to provide for payment af amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encurnbrance on the Property; (b) leasehold payments or ground renCs on the Property, if any; (c) premiums for any and all insurance required by Lender under Section S; and (d) Mortgage Insurance NEBRA5KA - Single F�mily - FBnnip Ma9lFreddie Mac UNIFORM INSTRUMENT �-BIN�) Ioai�l Paaeaqfi5 Initials: Form 302$ 7/07 � � Y � ��x, • . '.