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� ��. 201009353 �o��5i�� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform cavenants with limited variations by jurisdiction to canstitute a uniform security instnunent covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayrnent charges and late chazges due under the Note. Borrower shall also pay funds far 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 instnunent received by Lender as payment under the Nate or this Security Instrument is returned to I.ender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one ar mare of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certifred 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 Punds 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 pravisions in Section 15. Lender may return any payment or partial payment if the payment or partial payrnents are insufficient to bring the I,oaan current. Lender 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 payment 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, tl�en Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Laan current. If Borrower does not do so within a reasonable period of time, I.ender 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 clainn which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under Che Note and this Security Instrument or performing the covenants and agreements secured by this Security Instnunent. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by I.ender shall be applied in the following order of priority: (a) interest due under the Noce; (b) principal due under the Note; (c) aznounts due under Section 3. Such payrnents shall be appli�d to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, 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 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 Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payrnents 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 one or more Periodic Payrnents, such excess may be applied to any late charges due. Voluntary prepayments shall be applied �rst to any prepayment charges and then as described in the Note. Any application of payments, insurance proc�eeds, or Miscellaneous Procceds ta principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payrnents. 3. Funds for Escrow Items. Borrower shall pay ta 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 payment of amounts due for: (a) taxes and assessments and other items which can attain priarity over this Security 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 Lender under Section 5; and (d) Mortgage Tnsurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE11osttl Page4of15 iniciais:��Form3p2$ 1/07 � � tl q �' A,T � � % S t ..a .r+ . . . .. . } a,