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20120301� matter. As used in tUis Security Instrument, RESPA refers to a.11 requiremenis and restrictions that are imposed in regard to a"federally related mortgage loan" even if the Loan does not qua.lify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party tha.t has taken title to the Property, whether or not tha.t party has assumed Borrower's obligations under the Note and/or this Security Instrument Transfer of Rights in the Property. This Security Instrument secures to Lender: (i) the repayment of the Loan, and a11 renewals, extensions and modifications of the Note; and (ri) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to Tntstee, in tntst, with power of sale, the following described property located in the County [Type of Recording Jurisdiction] of Hall [Name of Recording Jurisdiction] Lot One (1), Le Heights Third Subdivision, in the City of Grand Island, Hall County, Nebraska Parcel ID Number: 400157683 which currently has the address of 4206 NORDIC RD. [Street] GRAND ISLAND [City], Nebraska 68803 [Zip Code] ("Properiy Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and f�xtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrumen� All of the foregoing is referred to in this Security Instrument as the "Property. BORROWER COVENANTS that Borrower is lawfully seised of the esta.te hereby conveyed and has 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 security insttument 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 fhe Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument sha11 be made 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 to Lender unpaid, Lender may require tha.t any or all subsequent payments due under the Note and this Security Instrument 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, 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 5ection 15. Lender may return any payment or partial payment if the payment or paztial paymentS are insufficient to bring the Loan current Lender may accept any payment or pariial payment insufficient to bring the HCFG-00369 NEBRASKA-Single Family-Fannie Mae/Freddie Mec UNIFORM INSTRUMENT Form 3026 1/01 VMP� �y�� Wolters KluwerFlnanclal Services �1204164.0.0.0.4002J20111128Y Pege 3 ot 76