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�01�0871G THIS SECURITY INSTRUMENT combines uniform covenants far national use and non-uniform covenants with limited variations by jurisdiction to canstitute a uniform security instrurnent covering real property. UNIF�RM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Ttems, 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 lace charges due under the Note. Barrower shall also pay funds for Escrow Items 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 instrument received by I,ender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any ar all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certi�ied check, bank check, treasurer's check ar cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; ar (d) Electronic Funds Transfer. Payments 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 SecCion 15. Lender may return any payment ar partial payment if the payment or partial payments are insuf�icient to bring the Loan current. Lender may accept any payrnent or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, bnt Lender is not obligat�d to apply such payrnents at the time such payments aze accepted. If each Feriodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied fuuds 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 irnmediately 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 the covenants and agreements secured by this Security Instrument. 2. Application oF Payments or Proceeds. Except as otherwise described in this Section 2, all paymencs accepted and applied by L.ender 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 che order in which it became due. Any remaining amounts shall be applied �irst to late chazges, second to any other amounts due under this Security Instrument, 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 suf�cient 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, Lender may apply any payrnent 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 of ane or rnare Periodic Payrnents, such excess may be applied to any late charges due. Voluntary prepayments sha11 be applisd first to any prepayment charges and then as described in the Note. Any application of payments, insurance praceeds, or Miscellaneous Froceeds to principal due under the Note shall nat extend or postpone the due date, or change the amount, of the Periodic Payments. 3. F�nds for Escrow Items. Borrower shall pay to I.ender an the day Periodic Payrnents are due under the Note, until the Note is paad in full, a sum (the "Funds") to provide for payment of arnounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrurnent as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiurns for any and all insurance required by Lender under Section 5; and (d) Mortgags Insurance NEBRASKA - Singla Family - Fannla Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) losi i � Page 4 of 15 inniais: � Form 302$ 9/09 • ' r • t ^