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2010U8401 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 property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Frepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note az�d any prepayment charges and late chazges due under the Note. Borrower shall also pay fw�ds for Escrow Items pursuant to Section 3. Payrnents due under the Note and this Security Inst�v�ment shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrurnent is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be rnade in one or more of the following foarms, as selected by Lender: (a) cash; (b) money order; (c) certi�ed check, bank check, treasnrer'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; or (d) Electronic Funds Transfer. Payrnents 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 15. Lender rnay return any payment or partial payrnent if the payment or partial payments are insufficient to bring the Loan current. I,ender may accept any payment or partial payrnent insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnent or partial payments in the future, but I..ender is not obligated to apply such payments at the time such payments are accepted. 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 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 Instrument or performing tka.e covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payrnents accepted and applied by Lender shall be applied in the following 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 became due. Any remaining amounts shall be applied �rst to late charges, second to any other amounts due under this Security Instrument, and tkaen to reduce the principal balance of the Note. If �.ender receivas a payment from Borrower far a delinquent Periodic Payment which includes a sufficient amount to pay any late charge dne, the payment may be applied to the delinquent payrnent and the late charge. If more than one Periodic Payment is outstanding, I.ender may apply any payment received from Borrower to the repayment of che Periodic Payments if, and ta the extent that, each payment can be paid in full. To the extent that any excess exiscs after the payment is applied ta the full payment af ane or rnore Periodic Payrnents, 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 applicatian of payments, insurance praceeds, or Miscellaneous Proceeds to principal due under the Note sha11 not extend or postpone tl�e due date, or change the amaunt, af the 1'eriadic Payrnents. 3. F�nds for Escrow Items. Bonower shall pay to I.ender an the day Periodic Payrnents are due under the Note, until the Note is paid in full, a sum (che "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this 5ecurity Instrument 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 insurance required by Lendex under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) loet t1 Page 4 of 15 ininais: ��. � ,Q Form 302$ 1/07 .�� � . $ ' `� +'` r ' .