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20110387� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real P�PeriY• UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 1. Paxment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower 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 funds for Escrow Items pursuant to Secrion 3. Payments due under the Note and this Security Instrument shall be made in U.S. cunency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or a11 subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selecte8 by Lender: (a) cash; (b) money otc�er; (c) certified check, bank check, treasurer's check or cash'ter's check, provided any such check is drawn upon an institurion whose deposits are insured by a federal agency, instre�mentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed r�ived by Lender when receivec� at the locatian designated in the Note or at such other location as may be designated by Lender in accordance with the aotice pro�isions in 5ecrion 15. �.enc�er may return a�y ga�t ar partial ga�ment if the payment or pastia� gay�ents are instiffcient to bring the I.oan cunent. I.ender maY ��P� �Y Payment or partial payment i�&ci�r►t to bring �he �.aan current, without waiver of an�r rights hereun�er or prejudice to its �ights ta refuse such paymertt or partiai payments in the future, but T.ender is not obligateci to apply such payments at the time such payments are acxepted. Tf each Periodl� PayEnent is apglied as of its seheduled due date, the� Lender nee�t not P�Y interest on unapplied fvnds. �.ender m�y hold such unapplied funds until; Burrower ata�es payments to briag the Loan currex�t. If Borrawer d.oes IIot do so within a reasonat>le period of time, Lender sha11 either aggly such funds ar retum them to Borrower. ff not applied earlier, such fimds will he appIied to the outstanding princiga� �alattee un�er the Note immediately prior to foreclosure. No offset or claim which Barrower might have �w or in the future against Lender shall relieve �orrawer from maldng payments due u�cder the Note and tl�is Security Insmunent ar performing the covenants and agreements secured by this Security Instrument. 2. Application o€ P$yments or Proceeds. Except as otherwise described in this Section 2, all payments accepte� and applied: by Lender shall be applied in the following order of priority: (a) interest due imder the Note; (b) principal due uECder the Note; (c) amounts due under Section 3. Such payments sYtal� be appliec� to each Periodic Payment in the order in wluch it becams due. Aay remaining amounts skail be applied first to late charges, seccrnd to any other amounts due under this Secnrity InstYVment, and then to reduce the principat balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which inclucies a sufficient amount to pay any late charge due, the payment may 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, e�ch payment can be paid in futl. To the extent that any excess exists 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 first to any prepayment charges and then as described in the Note. Any applicarion of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note sha11 not extend or postpone the due date, or change 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 of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Properly; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �///�� �-6(NE) roai u Page 4 of 15 Inftials: L Form 3028 1/07 � ��—