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2011Q0��5 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with lixnited variations by jurisdiction to constitute a unifarm security instrument covering real AroPer►Y • UNIPORM COVENANTS. Borrower and Lender r�ovenant 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 evidenccd by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payrnents due under the Note and this S�urity Instrument shall be made in LT.S. currency. However, if any check or other instrurnent received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forrns, 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 whase 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 Lender in accordance with the notice provisions in Section 15. Lender rnay return any payrnent or partial payment if the payment or partial payments are insufficient to bring the I.,oan current. Lender may accept any payrnent or partial payment insuf�cient to bring the Loan current, withaut waiver of any rights hereunder or prejudice ta its rights to refuse such payrnent or partial payments in the future, but L,ender is not obligated to apply such payrnents at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender ne�d not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower rnakes payments to bring the Loan curcent. If Borrower does not do sa within a reasonable period of time, Lender shall either apply such funds or return thern to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately priar to foreclosure. Na offset or claim which Borrower xnight have now or in the future against Lender shall relieve Borrower frorn rnaking payments due under the Note and this SecuriCy Instrument or perfornung the covenants and agreements secured by this Security Instnunent. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender skiall 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 shall be ap�plied to each Periodic Payrnent in the order in which it became 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 af the Note. If Lender receives a payment frorn Borrower for a delinquenC Periodic Payment which includes a sufficient arnount to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payrnent is outstanding, Lender may apply any payment re.ccived fram Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payrnent is applied to the full payment of ane or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Procceds to principal due under the Note shall not extend or postpone the due date, or change the aznount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay ta Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payrnent of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instnunent as a lien or encumbrance on the Property; (b) leasehold payrnents or ground rents on the Property, if any; (c) prernituns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INStiiUMENT �-B(NE) (0811) page 4 of 16 i��s�ais: . Form $028 7/07 � e i ��1�