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20100938i THIS SECURITY INSTRUM�NT 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 agree as follows: 1. Payment of Principal, Interest, Escrow �tems, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, azid inCerest an, the debt evidenced by the Note and any prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payrnents due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrumenc received by Lender as payment under the Note or 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 mare 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 drawan upon an institution whose deposits are insured by a federal agency, instnunentality, or entity; or (d) Electronic �'unds Transfer. Payzr�ents az'e deemed received by Lender when received at the location designated in the Note or at such other location as nn�ay be designated by Lender in accordance with the notice provisions in Section 15. Lender a�t�ay return any payment or partial payment if the payment or 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 Paynnent is applied as af its scheduled due date, then Lender neEd not pay interest an unapplied fands, Lender may hold such unapplied funds until Borrower makes payments ta bring the Loan current. Tf Barrower dces not do so within a reasanable period of time, Lender shall either apply such funds or return thern ta 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 claun which Borrower might have now or in the future against L.ender shall relieve Barrower from making payments due under the Nate and this Security instrurnent or performing the covenants and agreem�nts secured by this Security Instrument_ 2. Applacation o� Payments or Procceds. Except as otherwise described in this Section 2, all payments accepted and applied by �..ender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under tl�e Note; (c) amaunts due under Sectian 3. Such payments sha11 be applied to each Periodic Payrnent in the ordec in which it became due. Any remaining amounts shall be applied first 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 payrnent 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 dalinquent payment and the late charge. If rnore than one Periodic Payment is outstanding, Lender nnay apply any payment received from $orrower to the repayment of the Periadic Payrnents if, and to the extent thaC, each payment can b� paid in full. To the extent that any excess exists after the payment is applied to the fu11 payznent of one or more Periadic Payments, such excess may be applied to any late charges due. Voluntary prepayrnents shall be applied itxst to any prepayment charges and then as described in the Note. Any application of paynnents, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note sha11 not extend or postpone tlte due date, or change tha amount, of the Periodic Payments. 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") ta pravide for payment of amounts due for: (a) taxes and assessznents and other items which can attain priority aver this Security Instrument as a lien or encurnbrance on the Property; (b) leasehold payments or ground rents an the Property, if any; (c) premiums far any and all insurance required by I.ender under Section 5; and (d) Mortgage Insurance N�BRASKA - Single Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) losi i 1 Page 4 of 15 Initials Form 3028 9/09 � , { „��i':�.