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20110309G <br />THIS SECURITY INSTRiJMENT combines uniform covenants for national use and non-uniform <br />covenants with limited variadons by jurisdiction to constitute a uniform security instrument covering real <br />properiy. <br />U1�IIFORM COVENANT5. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charg�, and Late Charges. <br />Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any <br />prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items <br />pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. <br />currency. However, if any check or other instrument received by L.ender as payment under the Note or this <br />Security Instrument is returned to Lender u�aid, Lender may require tha.t any or all subsequent payments <br />due under the Note and this 5ecutity Instrument be made in one or more of the following forms, as <br />selected by Lender: (a) cash; (b) money order; (c) certif'ied check, bank check, treasurer's check or <br />cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a <br />federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in the Note or at <br />such other location as may be designated by Lender in accorda.nce with the notice provisions in Section 15. <br />Lender may return any payment or partial payment if the payment or partial payments are insuf�cient to <br />bring the Loan current. Lender may accept airy payment or partial payment insufficient to bring the Loan <br />current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial <br />payments in the future, but Lender is not obligated to apply such payments at the time such payments are <br />accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay <br />interest on unapplied funds. Lender ma.y hold such una.pplied funds until Borrower makes payments to <br />bring the Loan current. If Borrower does not do so within a reasona.ble period of time, Lender shall either <br />apply such funds or retum them to Borrower. If not applied eazlier, such funds will be applied to the <br />outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which <br />Borrower might have now or in the future against Lender shall relieve Borrower from making payments <br />due under the Note and this Security Instrument or performing the covenants and agreements secured by <br />this Security Instrument. <br />2. Application of Payments or Proceeds. Except as otherwise described in this Section Z, all <br />payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest <br />due under the Note; (b) principal due under the Note; (c} amounts due under Section 3. Such payments <br />shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts <br />shall be applied first to late charges, second to any other amounts due under this Security Instrument, and <br />then to reduce the principal balance of the Note. <br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a <br />sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and <br />the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received <br />from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be <br />paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or <br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall <br />bE applied first to any prepayment charges and then as described in the Note. <br />Any application of payments, instivance proceeds, or Miscellaneous Proceeds to principal due under <br />the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. <br />3. Fnnds for F�crow Items. Borrower shall pay to Lender on the day Periodic Payments are due <br />under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due <br />for: (a) taxes and assessments and other items which can atta.in priority over this Security Instrument as a <br />lien or encumbrance on the Properly; (b) leasehold payments or ground rents on the Properly, if atry; (c) <br />premiums for any and all �*+�*ans-� required by Lender under Section 5; and (d) Mortgage Insurance <br />NEBRASKA - Single Family - Fennfe MeelFreddie Mec UNIFORM INSTRUMENT <br />�-6(NE! toa� t► PaBe 4 of 16 i �`� Form 3028 1/01 <br />l <br />