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2Q10�9705 THIS SECURITY INSTRUMENT combines uniform covenants for national use and nan-uniform cavenants with limited vaxiations by jurisdiction to constitute a unifarm security instrument covering real property. UNIFORM COVENANTS. Borrower and Lez�der covenant and agree as follows: 1. Payment of �rincipal, 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 charges due under the Nate. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Not� and this Security Instrument shall be rnade in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned ta Lender unpaid, Lender may require that any or a11 subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by �.,ender: (a) cash; (b) money order; (c) certified 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, instrumentality, or entity; or (d) Electronic Funds Transfer. Fayznents are deemed received by L,endex 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 provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient ta bring the I.oan current. Lender may accept any payment or partial payrnenC 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 pay:ments at the time such payments are accepted. If each Periodic Payrnent is applied as af its scheduled due date, then Lender need not pay interest on unapplied funds. Lender rnay hold such unapplied funds until Barrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them ta Borrovver. If nat applied earlier, such funds will be applied to the outstanding principal balance und�r the Note irnmediately prior ta foreclosure. No offset or clairn which Borrower might have now or in the future against I.ender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security InstrumenC. 2. Application of Payments or Praceeds. Except as otherwise described in this Sectian 2, all payments accepted and applied by Lender 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 payrnents sha11 be applied 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 arnounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borcower for a delinquent Periodic Payment which includes a sufficient arnount to pay any late charge due, the payment may be applied to the delinquent payrnent and the late charge. If more than ane Periodic PaymenC is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payrnent 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 Payments, such excess may be applied to any late charges due. Voluntary prepaynnents shall be applied first to any prepayment 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. �nds for Escrow Items. Borrawer shall pay to Lender 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 amounts due for: (a) taxes and assessrnents and other items which can attain priority aver this Security Instrument as a lien or encumbrance on the Property; (b) leasehald 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 Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �•B�NE) roettl Paga4 ot 15 in�tiais: � Form 3028 1/09 � � � �: ' , , .; '