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2010078�7 THIS SECURITY INSTRUMENT' combines uniform covenants for national use and non-uniform covenants with limited var�iations by jurisdiction to constitute a uniform secarity instrument covering real property. UNIFORM COVENANTS. Borrawer and Lender covenant and agree as follows: 1. Payment of 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 sha11 atso pay funds for Escrow Iterns 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 instrurnent received by Lender as payment under the Note or this Security Inscrument is retumed to Lender unpaid, Lender rnay require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one or more of the following forms, as selected by I.ender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any snch check is drawn upon an institution whose depasits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payxnents are deemed received by Lender when received at the location designated in the Note or at such other location as naay be designated by Lender in accordance with the notice provisians in Section 15. L.ender may return any payment or partial payment if the payment or partial payments are insuf�cient to bring the L.oan current. L.ender may accept any payrnent or partial payment insufficient to bring the Loan currcnt, withaut waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial paynnents in che future, but I,ender is not nbligated to apply such payments at the time such payments are accepCed. If each Periodic 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 makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of tirne, Lender shall either apply such funds or return thern to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note irnmediately prior to foreclasure. No offset or claim which Borrower might have now or in the future against L,�nder shaJl relieve Borrawer from making paymenCs due under the Note and this Security Instrurnent or perfonning the covenants and agreernents secured by this Security Instrurnent. 2. Application of Payments or Proceeds. ExcepC as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following arder of priority: (a) interest due under the Note; (b) principal due under the Note; (c) arnounts due under S�ction 3. Such payments shall be applied to each Periodic Payment in the order in which it becarne due. Any remaining amounts shall be applied �irst to late charges, secoand to any othsr amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrowear for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinqueut payment and the late charge. If more than one Periodic Fayment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payzn.ent 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 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 application of payments, insurance proceeds, or Miscellaneaus Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. �nds for Escrow Items. Borrower shall pay to Lender on che 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 Property; (b) leasehold payxnents 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 INSTRUMENI' /J �-6(NE) 108111 Page 4 of 15 mitia�s: _.-�x Form 3028 7/09 �� . . ' , •