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20120044G TRANSFER OF RIGHTS IN THE PROPERTY - This Securiry Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modif'ications of the Note; and (ii) the performance of Bonower's covenants and agreements under this Securiry Instrument and the Note. For this purpose, Borrower irrevoca.bly grants and conveys to Trustee, in trust, with power of sale, the following described �; property located in the ........................................................ CQUNn.'.......................................................... of [Type of Recording Jurisdiction] .Ha�� ......................... .... ...... ............................... ..... . ................. • [Name of Recording Jurisdiction] SEE ATTACHED EXHIBIT A which currently has the address of ..............................................8502 �11 S��ultz Rd................................................ [streetl ........................... Wood River............................, Nebraska. ................6$$$3:8.40z................. ("Property Address"): [City] [Zip Code] TOGETHER WITH a11 the improvements now or hereafter erected on the property, and all easements, appurtena.nces, and fixtures now or hereafter a part of the properly. All replacements and additions shall also be covered by this Securiry Instrument. All of the foregoing is referred to in this Securiry Instrument as the "Property. " BORROWER COVENANTS thax Borrower is lawfully seised of the estate hereby conveyed and ha.s the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for na.tional use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform securiry instniment covering real property. UNIFORM COVENANTS. Borrower and Lender covena.nt and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late cha.rges due under the Note. Borrower sha11 also pay funds for Escrow Items pursua.nt to Section 3. Payments due under the Note and this Securiry Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Securiry Instrument is retumed to Lender unpaid, Lender may require tha.t any or all subsequent payments due under the Note and this Security Instrument be ma.de in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certif'ied 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, instrumentaliry, or entiry; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designaxed in the Note or at such other location as ma.y be designated by Lender in accorda.nce with the notice provisions in Section 15. Lender may return any payment or partia.l payment if the payment or partial payments are insufficient to bring the Loan current. Lender ma.y accept aay payment or partial payment insuff'icient to bnng the Loan cunent, without waiver of any rights hereunder or pre�udice to its nghts to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due daxe, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan cunent. If Borrower does not do so within a reasona.ble period 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 unmediately prior to foteclosute. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Securiry Insttument. 2. Application of Payments or Proceeds. Except as otherwise described ia this Section 2, a11 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 �ayments shall be apphed to ea.ch Periodic Payment in the order in which it became due. Aay rema.ining amounts shall be apphed first to late charges, second to any other amounts due under this Securiry 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 sufficient amount to pay any late cha.rge due, the payment ma.y be applied to the delinquent payment and the late charge. If more tha.n one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the e3ctent that, each payment ca.n be pasd in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Penodic Payments, such excess ma.y be applied to any late charges 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 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 sha.11 pay to 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 payment of amounts due for: (a) taxes and assessments and other items which can atta.in prioriry over this Securiry Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and a11 insurance required by Lender under Section 5; a.nd (d) Mortgage Insurance premiums, if any, or any sums payable by Bonower to Lender in lieu of the paymeut of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At originaxion or at any time during the term of the Loan, Lender ma.y require tha.t Communiry Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments sha11 be an Escrow Item. Borrower shall promptly furnish to Lender a11 notices of amounts to be paid under this Section. Borrower sha11 pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender ma.y waive Bonower's obligation to �ay to Lender Funds for an� or a11 Escrow Items at any time. Any such waiver may only be in wciting. In the event of such warver, Borrower shall pay dtrectly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requites, sha11 furnish to Lender receipts evidencing such payment within such time period as Lender ma.y require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and apreement contained in this Secunry Instru,ment, as the phrase "covena.nt and agreement" is used in Section 9. If Borrower �s obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower NEBRASKA—Single Family—Fannie MaelFreddie Mac UNIFORM INSTRUMENT Fo_rm 3028 1/01 Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8/17/2000 (page 2 of 7pages) �� v�