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201205888 Transfer of Rights in the Property This Security Instarment secures to Lender (�) the repayment of the Loan, and all renewals, extm5ions and modifications of the Note; and (ii)ihe performance of Borrower's covenants and agreements under this Security Instiriment and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, %vith power of sale, the following described propcLty located in the colany (Type ofRecording Jurisdiction) of Hall (Name ofRecording hirisdiction): LOT THIRTY-EIGHT (18), COLINTRY MEADOWS SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,NEBRASKA Parcel 10 Numben 400410435 which currently has the address of 4109 PRAIRIE RIDGE LN Preat) Grand Island (City), Nebraska 68803 (Zip Code) ("Property Address"), TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and Extures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Secinity Instrument as the 'Property. " BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the fight to grant and convey die Property and that the Property is unencumbered, mcopt f�r 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 national use and ficia-uniftirm. covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, Uniform Covenants. Borrower and Lender covenant and agree as follows, I . Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest or, the debt evidenced by the Note and any prepayment charges and late chaiges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security 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 Security Instrument is returned to Lender impaid, Lender may require that any or all subsequent payments due under the Note and this Security rristrument be made in one or more of the following forms, as selected by Lender: (a) cash-, (b) money order, (c) certified check, bank check, treasmer's check or cashices Ghcck, provided any such check is drawn upon an institution whose deposits am insured by a federal agenvy, instrumentality, or entity, or (d) Electronic Funds Transfer, Payments arc deemed received by Lender whon 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 iii Section 15 Lender may retain any payment or partial payment if the payment or partial payments are instifficient to bring the Loan current. Lender my accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its Tights 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 date, then Lender need not pay interest on unapplied funds Lender my hold such unapplied funds until Borrower makes payments to bring the Loan current- If Borrower does not do so vaithin a reasonable 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 immediately prior to foreclosure. NEBRXSM�moe %N��Fannie Ma�Fradaie Mac UN�M INSTRUMENT F.Im 3W lffli VNIP a W06,01E) r1n00 Wallets Mu�y Finandal Semma Page 3d15 ouoaNr977o656