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201407154 This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Webster, State of Nebraska, which currently has the address of 1328 North Broadwell Avenue, Grand Island, Hall County, Nebraska, 68801; Legally described as: Commencing at a point Forty -Four (44) Feet South of the Northeast corner of a tract commonly known as "Huston's Reserve ", and more particularly described in Deed recorded in Book 86, Page 237 of the Deed records of Hall County, Nebraska, same being a part of the Southeast Quarter of the Southeast Quarter (SE 1/4 SE 1/4) of Section Eight (8), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska, and running thence West parallel with the North line of said tract, a distance of One Hundred Thirty Eight and One Half (138 -1/2) feet; thence South at right angles and parallel with the East line of said tract, a distance of Forty -Four (44) Feet; thence East parallel with the North line of said tract, a distance of One Hundred Thirty Eight and One -half (138 -1/2) Feet, to the East line of said tract; thence North Fourth -Four (44) Feet to the place of beginning (1328 N. Broadwell). TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures 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 Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate 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 national use and non - uniform 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: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of One- Hundred - And - Fifteen - Thousand ($115,000.00), the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Payments due under the Note and this Security Instrument shall be made in U.S. currency. Payments are deemed received by Lender when received at the location designated in the Note. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights 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 may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within 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. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from