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2011QU315 "I'H15 SECU.RI'I'Y INSTRUMEN'1" cptnhines unifonn covenants for national usc and non-uniform covcnants with limited variations by juz'isdiction io constitLitc a unifor►n security instrumcnt covcring rcal propertY- T.JNIFORM COVENAN'1'S_ I3c�rruwer and Lender covcnant and agree as fi�llaws: 1. Paymcnt of Principal, Interest, Escrow Items, PrepAyment Charges, and Late Charges. I3orrawet shall pay when duc the principal ot; and interctit on, the riehi evidenced by the Note and any prepayment charges and latc charges due under thc Note. Borrower shall also pay funds for Escrow Items putsuant to Scction 3_ Paym:ents due under thc Note and this Security Inslrument shall be made in U.S. currency_ However, if any check or other instrumeni teceived by Lendcr as payment utader t{ie Note or this Security Instrument ia returned to Lender tuipaid, Lendet inay require that any or all subsequcnt payments duc under ihe Note and this Sccurity InSirument be made in one or more of the fc�llowing fotm�, as sciccted by Lender: (u) cash; (b) money otdet; (c) certitied chcek, bank check, treasuter'S check or ca�hier'� check, provided any such check is drawn upon an institution whaae depo�itn are insured by a fcderal agency, instrumentaHty, or entity; ut (d) Electronic l�und� '1'ransfer. �'aymeni5 are deemed receivcd hy Lender when received at the location aesignated in the Note or at such other location as rnay be designated by Lender in accnrdar�ce with the notice provisions in Seclion 15. Lcnder may retutn any payment or partial payment if the paymcnt or partial payments are inSUfCcient to hring the Loan current. Lender may accept any payment c�r partial payment insufticient to bring the Loan ciurent, without waiver of any right5 hereunder or prejudice tu its rights to te£use such payinent or partial paynients in thc fi�turc, but Lender is not obligatcd t�� apply such payments at the time such payments are accepted. If each Periodic Payinent is applied as of i1s scheduled duc datc, then Lerxder need not pay inlerest on unapplied fixnds. Lender may hola �uch unapplied lunds timtil Borrowcr makcs paymentti to bring the Loan current. If Bortower docG not do sa within a reasonable period of time, Lcndcr shall either apply such lixnds or rcturn thein to Borrowcr_ If not applie�l eatliet, such funds will be applicd to the oui5l.anding principal balance undet the Note i►nmcdiately print to foreclosure. No offset or claiin which i3��rrower might have now nr in the Iuture against Lende�r shall relieve Bottowet ftoin making payments due �uidet lhe Notc and this Security Instrument or perti�rtt the covenanls and agreements secured by this Securily Instrument. 2. Applieatinn of Payments or Proeeeds. rxec�t as otherwi�e describeci in this Section 2, all payment5 accepted and a�plicd by Lendet shall be applied in the following otder of priorily: (a) interest due undet the Note; (b) prineipal due under the Note; (c) amount5 due under Section 3. Such payments shall be applied to cach Periodic Paynient in the order in which it became dtiie. Any rernaining amounts shall be applied first to late chatges, second to any otkier amounis due under this Sectirrity Tnstnuncnt, and then to reduce the principal balance of thc Note_ If Lender reccives a payment ltom Borrower for a delinqueni Periodic Payment which includes a suFlicient ainount tn pay any late charge due, the paytnent may be applied to the delinquent paymcnt and the late charge. Tf more than one Periodie Payment is outstanc�ing, Lencler rnay apply any payment received ftom $otrower tn thc repaymenl of the Periodic Payztients if, and to the extent that, each pay►ncnt can be paid in fiall. '1'o tl�e extent that any excess cxiatti after the payment is applied to the fi�ll payment of ot�c oz more Periodic Payrnents, such excess rnay he applied to any late charges duc_ Voluntary prepayments slaall be applied first to any prepayment charges and thcq as de5cribeci in the Note_ Any application of paymenls, insurance proceeds, ot Miscellaneous Procccds to principal due under the Note shall not extend nr postpone thc duc clate, or change the amount, of thc Periodic Paytnents. 3. Tunds 1'or Eserow Items. E3��rrowe:r �hall pay lo Lender on the day Periodic Payments are �lue under the Na1e, uniil lhe Note is paid in Full, a suln (thc "Funds") to provide fot payinent of amounts due for: (a) taxes and assessments and other iteins which can attain priority ovet lhis Security Instrument as a lien or encumbrance ��n the Pr��petty; (b) Icaschold paymenls or ground rents on the Property, if any; (c) ptemiums for any and all insutance rcquircd by Lender under Section 5; and (d) Mnrtgagc Insurance `� NEBRASKA- 5ingle Family - FannieMae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) �oa� i� Page 4 of 15 Initials; Foi 3028 1/01 �.L`�- -