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��i�os4�4 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform cavenants with lirnited variations by jurisdiction to constitute a uniform security instrument covering real praperty. UNIPORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Banower shall pay when due the principal of, and interest on, the debt evidenced by the NoCe and any prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrurnent 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 unpaad, I.ender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or rnore of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrurnentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at che location designated in the Note or at such ocher location as may be designated by Lender in accordance witk� the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the I.oan current. Lender rnay accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payznent or partial payments in the future, but L,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 paymcnts due under the Note and this Security Instrunnent or perfprming the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Praceeds. Except as otherwise described in this S�ction 2, all payrnents accepted and applied by Lender shall be applied in the following ordex 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 tbe order in which it became due. Any remaining amaunts shall be applied first to late charges, second to any other amounts due under this Security Instrux►ient, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes 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 Feriodic Payment is outstanding, Lender 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 payment is applied to the full payment af one or more 1'eriodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and chen as described in the Note. Any applicatian of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amaunt, 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 payrnent of amounts due for: (a) taxes and assessments and ather iterns which can attain priority aver this Security Instruznent 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 Lender under Section 5; and (d) Mortgage Insurance � L�. � NEBRASKA - 5ingle Family - Fannie Mae/Fraddie Mac UNIFORM IN57'RUMENT �/.� �-6�NE) 1oe1 tl Pege 4 of 16 inicisis: �' � Form 302$ 7/09 , ' �: r' � g� � �, �