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201009089 THIS SECURITY jNSTRUMENT combines uniform cavenants for natianal use and non-uniform covenants with limited vatiations by jurisdictian to constitute a uniform security instrurnent covering real p . UNIFORM COVEIVANTS. Borrower and Lender covsnant and agz� as follows: 1. Paymetit of Prindpal, Interest, F�crow Items, Prepayment Charges, and Late Charge�s. 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 wade�r the Note. Borrower shall also pay funds for Fscrow Items pursuant to Section 3. Payments due under thc Note and this Security Instrurnent shall be rnade in U.S. currency. Hawever, if any check or othcr instnunent received by Lender as payrnent under the Note or this Sacurity Instnunent is returned to L,ender unpaid, Lender may require that any or all subsequent payments due under the Note and this Se�urity Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) m,�ney arder; (c) certified check� bank check, treasurer'� check or cashier's check, provided any such che�k is drawn upon an institution whose deposits are insure� by a federal agency, instrumentality, or entity; or (d) Electronic Punds Transfer. Payments arc deemed received by Lender when �received at the location designated in the Note or at such other loc�tion as may be designated by Lender in accordance with the notic� provisions in 5e�tion 15. L.ender may retum any payment or partial payment if the payment or partial payments are insufficient ta bring the Loan current. r.ender may accept any payment or partial payment insufficient to bring the Laan current, without waiver of any rights hec�eunder or prejudice ta its rights to refuse such payment or partial payments in the future, but Lender is not abligated to apply such payrnents at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then I.ender ne� noC pay interest on unspplied funds, Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so withir► a reasonable period of time, Lender shall either apply surh funds or rctum thcm to Bormw�r. If not applied earlier, such f�uids will be applied to the outstanding principal balance under the Note irnmediatcly prior to foreclasure. Na offset or claim which Bonrower might have now or in the future against Lender shall relieve &arrower from xnaking payments due under the Notc at�d this Security Instxument or performing the covenants and agreexr►ents secured by ttus Security Instnirnent. 2. Applicatioa of Payments or Proceeds. Except as atherwise described in this Section 2, all payments accepte� ant! applie� by L,ender shall be applied in ttxc following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. S�ch payments shall be applie� to each Periodic Payment in the order in wluch it became due. Any remaining amounts shail be applied �irst to late charges, second to any other amounts due wnder this Security Instnunent, and then to reduce the principal bala�e of the Note. If I.ender receive� a payment from Borrower far a delinquent Periodic Payment wluch includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payir�eatt and the late charge. If mare than ane Perindic Paym�ent is outstanding, Lender may apply any payment rereived from Borrower to the repayment af the Periodic Payments if, and W thc extent that� each payment can be paid in full. To the extent that any excess cxists aflter the payment is applied w t�e full pa�nt of one or more Periodic Payments, such excess may be applie� to any late charges due. Voluntary prepayments shall be applied �rst to any prepaymeaat charges and then as described in the Note. Any a�plicatian of payments� insurance proceeds, or Miscellaneous Proc�eeds to principal due under the Note shall not extend or postponGe the due date, or change the amount, of the P�rindic Payments. � 3. Funda for F�scrow Ite�no►s. Bonrowcr shall pay to Lender on the day Pcriodic PaymBnts are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide far payment oF amounts due for: (a) taxes and assessments and other items which can attaixi priority over this 5ecurity Instrument as a Lien or encumbrance on the Property; (b) leasehold payments or ground rents an the Property, if any; (c) premiums for any and all insurance required by Lendear under Section 5: and (d) Mortgage Ynsurance NEBRASKA - Sinple Family - Fanni� M�/Fnddt� Mpc UNIFOIiM INSTRUMENT � �-BINE) 108111 Pepe4of 15 init�■ia: �� Form 3p28 1/Q1 , , . ; �`. �