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201107724 THIS SECURI7'Y INSTRi1MENT combines uniform covenants for national use and non-uniform covenan[s with limited variations by jurisdicrion to constitute a uniform s�urity instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agr�as follows: 1. Payment of Principal, Int�t, F.scrow Items, Prepayment C6arges, 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. Honower shall also pay funds for Escrow Items pursuant to S�tion 3. Payments due under the Note and this Security Ins[rument shall be made in U.S. currency. However, if any ch�k or other instrument received by Lender as payment under the Note or tlris Security Instrument is returned to Lender unpaid, Lznder may require thaz any or all subsequent paymerns due under the Note and this Security Instrument be made in one or more of the following forms, as sel� by Lender: (a) cash; (b) money order; (c) certi5� check, bank check, treasurer's ch�k or cashier's check, provided any such ch�k is drawn upon an insritution whose deposits aze insured by a federal agency, inskumentality, or entity; or(d)Electronic Funds Transfer. Payments are deemed received by Cznder when r�eived 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 renun any payment or partial payment if the payment or partial payments aze insufFcient to bring the I.oan current. Lender may accept any paymern or partial payment insufficieat to bring the Loan current, without waiver of any rights hereunda or prejudice to its rights to refuse such payment or partial payments in the future, but Lznder is not obligated to apply such payments at the time such payments are accept�. If each Periodic Payment is applied as of its scheduled due date, then Lender nced not pay interes[ on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. ff Borrower does not do so within a reasonable period of time, Lender shall either apply such fimds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note i�ediazely prior to foreclosure. No affset or claim which Horrower might have now or in the future against Lender shall relieve Borrower from maldng payments due under ffie Note and ttus Security Instrument or�rerforming the covenants and agreements secured by v113$�11III�'JILSimmrni, 2. App6cation of Payments or Proceeds. Except as atherwise descri6ed in ttris Section 2, all payments accepted and applied by Lendet sUall lre applied in the following order of priority: (a) i�erest due under the Note; (b) principal due under the Note; (c) amo�mts due under S�tion 3. Such payments shall be applied to eacd� Periodic Payment in the order in which it became due. My remaining amounts shall be applied first to late chazges, s�ond to azry otha amounts due under this Security Instrume�, and then to reduce the principal balance of the Note. If I.ender receives a payment from Horrower far a delinquent Periodic Payment which includes a sufficieM amount to pay any laze charge due, the payment may be applied to the delinquent payment and the late cLarge. If more than one Periodic Payment is outstanding, I.ender 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 exists after the payme�is applied ta the fiil] payment of one or more Periodic Payments, such escess may be applied to any late charges due. Voluntary prepayments shall be applied first m anY P�aYmeIIt charges and then as describ�in the Note. Any application of paymenu, �.+�,*asP proceeds, or Miscellazieous Proceeds to principal due under the Note shall not emend or postpone the due date, or change the amount, of the Periodic Payments. 3. F�mds for Escrow Items. Borrower shall pay to Lender on the day Petiodic Payments are due under the Note, until the Note is paid in fiill, a sum(the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items wlilch can attain priority over tttis Security Insm�ent as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums For any and all inc�,ran� required by Lender under S�don 5; and (d) Mortgage �*+��sP NEBRASKA-Singla Family-Fennia Mea/Freddie Mec UNIFORM INSTRUMENT ,n1`�/pp/II �-8(NEl�oaii) eaeaamis mcneis:N P!1 Form3028 7/07 -PrT-