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2oioosis� THIS SECURITY TNSTRUMENT 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 agxee as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayrnent 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. Borarower shall also pay funds far Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instzuxnent sha11 be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note ar 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 made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certi�ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose depasits are insured by a federal agency, insCrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other lacation as may be designated by L.ender in accordance with the natice provisions in Section 15. Lender may return any paynnent or partial payment if the payment ar partial payments are insufficient to bring the Loan current. Lender may 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 payment or partial payments in the future, but Lender 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 L.ender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the I.�an current. If Barrower does not do so within a reasonable period of time, I,ender shall either apply such funds or return them to Borrower. Tf not applied earlier, such funds will be applied ta the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have naw 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. Applicatipn of Payments or Proceeds. Except as otherwise described in this Section 2, all paynnents accepted and applied by Lender shall be applied in the follawing order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amaunts due under Section 3. Such payrnents 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 Tnstrument, and then to reduce the principal balance of the Note. If Lender receives a payment frorn Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment rnay be applied to the delinquent payment and the late charge. If more than one Periodic Payrnent is outstanding, L.Qnder m.ay 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 th� full payment af one or more Periodic Payrnents, such excess may be applied to any late charges due. Valuntary prepayments shall be applied first to any prepayrnent charges and then as described in the Note. Any application af payrnents, insurance proceeds, or Miscellaneous Proceeds to principal due under th� Nate shall not cxtend or postpone the due date, or change the arnount, of the Periodic Payments. 3. �nds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments axe 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 encur►�brance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by L.ender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie MaelFreddia M�c UNIFQRM INSTRUMENT ��, . �-BINE) (0811) � Page 4 of 15 Initiels. FO�RI �QZ$ 7/09 y �� #1 ar �! � ;y t;