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�o��o�� Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in m�st, with power of sale, the following descn'bed pzoperty located in the COUNTY of HA.LL . �Type of Record'mg Jwisdiction] [ATame of Resording 7urisdiction] LOT �(7) , RAIl�W Id�KE 'I�III2D S[1BDN.LSIC�1', HAL�.� �`1'Y, 1�BF�A.� A.P.N.: 400367947 wluch currentty has ttie address of Z804 RAINBOW RD [Str�cJ GRAND I S LAND , Nebraska 6 8 S 0]. ("Properly Address'�: [City] [LiP ��] TOGETHER WTTH all tt►e improvements now or hereafter erected on the property, and all �, appurtenauces, an.d fxt�ues now or hereafrer a part of the property. All replacements and additions shall also be covered by this Se�urity Ins�mment. AIl of the foregoi.ng is referred to in tltis Security ]'n.r ,n,e=±+ as the °Property, ° BORR.OWER COVEN.ANTS that Borrower is lawfvlly seised of fhe estate herel�q convey� and has tb.e right to grant and convey the Property and that the Property is imemcumbered, exc�pt for encumbrances of record. Borcower warraats and wi11 defend generally tlae tifle to the Property against all claims and demands, subject to any encumbrances of r�ord. THIS SEC[JRITY INS TRUMENT combiaes umformcovenants for national use and non waiform covenants'with limited variations hy jurisdiction to constiiute a uniform security instnmaent covering real property. UNIFf?RM COVENANTS Borrower and Lznder covenant and agree as follows: 1. Payment of Princapal, Interest, Escraw Items, Prepa�ment Cbiarges, and Late Charges. Borrower shall pay when dne the priucipal of, and interest on, the debt evidenced by the ATote and any prepayment cbazges and late charges due under the Note. Borrower sball also pay fimds for Escrow Items pursaant to Section 3. Payments due under the Note and this Sec�uity Instrument shall be made in U.S. currency. However, if any check or other insbnunent received by Lend.er as payment imder the Note or txazs Security I�asuvment is retiuned to Lender impazd, I.ender may re�uire that any or all subsequent gayments due under the Note and tlus Security Instrament be m�ade in one or more of the following fonmis, as selected by Lender: {a) cash; (b) money order; (c) cerdfied check, bank che,ck. tzeasurer's chec� or cashier's check, provided auyy suck� check is drawn upon an institutxon whose deposits are insured by a federat agency, instrUmentality, or entity; or (d) IIectronic Funds Transfer. Payments are d� received by �er when received az the location designated in the Note or at such other location as may be designated by Lender in accozdance witb. the notice provisions in Section 15. Lender may ret�un any payment or partial payment if the payment or parrial payments aze insufficient to bring the Loan current. Lender may accept any paymeut oz partzal payment insvfficiern to bring the I.oan ciurent, without waiver of any zights hereunder or prejudice to its rights to refuse such payment or paztial payments in the future, but Lender is not obligated to apply such gaymeats at the time such payments are accepted. If each Pariadic Payment is applied as of its scheduled due date, then I.ender need not pay i�terest on unapplied funds. Lender may hold such unapplied funds NEBRASKA—Singfe Family—Fanrue Mae/Freddie Ma IFORM INSTR Form 3028 7/01 Page 3 of 14 Doc��c � www.docar+aglc.com We3bL8.do�zmt