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2Q1009558 THIS SECURITY INSTRUMENT combines unzform covenants for national use and non-uniform covenants with lirnited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenanC and agree as fallows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principaJ of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Iterns pursuanC to Section 3. Payments due under the Note and this Security Instrurnent shall be rnade in U.S. currency. Howevex, if any check or other instrument received by I.ender as payment under the Note or this Security Instrument is xeturned to Lender unpaid, L.ender may require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one or more of the following forms, as selected by I...ender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, pravided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, 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 location as may be designated by I.ender in accordance with the notice provisions in Section 15. I.ender may return any payment or partial payment if the payment ar partial payrnents are insufficient to bring the L.oan current. L.ender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereundsr 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 payrnents are accepted. If each Periodic Payment is appli�d as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lendcr may hold such unapplied funds until Borrower makes payrnents to bring the Loan current. If Borrower does not do so within a reasonable periad of time, Lender 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 irnrnediately prior to foreclosure. No offset or claim which Barrawer might have now ar in the future against Lender shall relieve Borrower from nnaking payments due under the Not� and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Praceeds. Except as otherwise described in this Section 2, a11 payments accepted and applied by L,ender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the arder in which it becarne due. Any remaining amounts shall be applied first to late charges, secand 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 Bonower for a delinquent Periodic Payment which includes a suf�cient arnount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payrnent is outstanding, Lender may apply any payment received from Borrower ta the repayment of the Periodic Payrnents if, and to the extent thaC, each payment can be paid in full. To the extent that any excess exists after the payrnent is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied �rst to any prepayrnent charges and then as described in the Note. Any application of payments, insurance proceeds, 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. Fands for Escrow Items. Borrower shall pay to I,ender an 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 arnounts due for: (a) taxes and assessrnents and other items which can attain priority over this Security Instrument as a lien or encurnbrance on the Property; (b) leasehold payments or ground rents on the Property, if aziy; (c) premiums far any and all insurance required by Lender under Section S; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) �ost t1 Page 4 of 15 in�ciais: Form 302$ 9/09 �-,✓r , 1 , y , , �r . .