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20100948� THIS SECURITY INSTRUMENT combines unifortn covenants for national use and non-uniform covenants with limited variations by jurisdictinn to constitute a uniform security instnunent covering real property. UNIFORM C�VENANTS. Borrower and Lender covenant and agree as follows: 1. Paytnent 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 prepayment charges and late chazges due under the Note. Borrower 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 Lender as payment under the Note or this Securiry Instnunent is retumed to Lender unpaid, I,ender may require that ata�y 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 oarder; (c) certified check, bank check, treasurer's check or cashier's check, pravidetl any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumeantality, or entity; or (d) Electronic Funds Transfer. Payments are deerned received by L.ender when received at the location designated in the Note or at such other location as may be designated by I.ender in accordance wiCh the notice provisions ian Section 15. Lender may retum any payment or partial payznent if the payrnent or partial payments are insufficient to bring the Loan current. I.ender rnay accept a�ty payment or partial payrnent insuf�cient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payrnents ian 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 Lender nced not pay interest on unappliad funds. Lender rnay hold such unapplied funds until Barrower makes payments to bxing the Loan current. Tf Borrower does not do so within a reasonable period of tirne, I.ender shall either apply such tunds or return them to Borrower. If not applied earlier, such funds will be applied to the outstatzding principal balance under the Note irnmediately prior to foreclosure. Na offset or claim which Borrower rnight have now or in the future against Lender shall relieve Barrnwer from m�aking payments due under the Note and this Security Instrument or perforn�ing the covenants and agreements secured by this Security Instrument. 2. Application of Paymients or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following vrder 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 T'eriodic Payrnent in tlte order in which it became due. Any remaicung amounts shall be applied �rst Co late charges, second to any other amaunts due under this Security Tnstrument, and then to reduce the principal balance af the Note. If Lender receives a payment from $orrower for a delinquent Periodic Payment which includes a suffieient arnount to pay any late charge due, the payment rnay be applied to the delinquent payment and the late charge. If rnore than one Periodic Payment is outstanding, Lender may apply any payrnent received from Barrower to the repay:ment of the Periodic Payments if, and to Che extent that, each payrnent can be paid in full. To the extent that any excess �xists after the payment is applied to the full paymex►t of ane or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayrnents shall be applied first to any prepayment charges and then as described in the Note. Any applicatian of paynnents, insurance praceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. F"unds for Escrow Items. Borrower shall pay to Lender on the day Periadic Payments are due under the Note, until the Note is paid in fu11, a suxn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other iterns which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiurns for at�y and all insurance required by Lender under $ection 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�N�) (0811) Page 4 of 15 Initials: 1� Form 302$ 7/07 � i �_ �t ��