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201009793 THIS SECURITY INSTRLTMENT combines uniform covenants for national use and nan-uniform covenants wiCh limited variations by jurisdiction ta canstitute a unifarm security instrument 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 prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Iterns 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 payrnent under the Note or this Security Instrument is returned to Lender unpaid, L.ender may require that any or all subsequent payments due under the Note and this Security Tnstrument be made in one or more of the following forms, as selected by Lender: (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, instrurnentality, 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 Lender in accordance with the notice provisions in Section 15. Lender rnay return any payrnent or partial payment if the payrnent or partial payrnents are insuf�cient 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 payrnent or partial payments in the futurs, but L.ender is not obligated ta apply such payments at the time such payrnents are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments 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 Chem to Borrower. If nat applied earlier, such funds will be applied to the outstanding principal balance under the Nate immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from rnaking payrnents due under the Note and this Security Tnstrument or performing the covenants and agreernents secured by this Security Instrument, 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following arder of priority: (a) interest due under the Note; (b) principal due under the Note; (c) arnounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied �rst to late charges, second to any other amounts due under this Security Instrument, and then to rBduCe the principal balanCe of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payznent which includes a suf�cient amaunt to pay any late charge due, the payment may be applied to the delinquent payment and the late charge, If rnore than one Periodic Payrnent is outstanding, L,Qnder may apply any paynnent received fram Borrawer 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 payrnent is applied to the full payment of one or more Periodic Payments, 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 paynnents, insurance proceeds, ar 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. Funds for Escrow Items. Borrower shall pay to I.ender on the day Periodic Payments are due under the Note, until the Note is paid in full, a surn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encurnbrance on the Property; (b) leasehold payrnents or ground rents on the Property, if any; (c) premiurns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance -, NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-61NE) Ios> > 1 Page 4 pf 15 in�c�ais. � Form 3028 9/09 � i � �� .