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201502552
<br /> Trustee, in trust, with power of sale, the following described properry located in the County of Hall, State of
<br /> Nebraska:
<br /> Address:2503 W Koenig�it, Grand Island,Nebraska 68g03
<br /> Legal Description: Lot 7, Block 10, Ashton Place, ;an Addition to the City of Grand Island, Hall
<br /> County,Nebraska
<br /> Parcel ID/Sidwell Number:40011379
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br /> appurtenances, and tixtures now or hereafter a part of the property. All replacements and additions shall also be
<br /> covered by this SecLu•ity Instrument. All of the foregoing is referred to in this Security Instrument as the
<br /> "Property."
<br /> BORROWER COVENANTS th�zt Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br /> grant and convey the Property and that the Properry is unencumbered, except for encumbrances of record.
<br /> Borrower wlrrants and will defend generally the title to the lProperty aQainst all claims and demands, subject to
<br /> any encumbrances of record.
<br /> Borrower and Lender covenant a�nd a;ree as follows:
<br /> Payment of Principal and InteY•est; Other Charges.Bonower shall promptly pay when due the principal of and
<br /> interest on the debt owed under t11e Contract and late charges ar any other fees and charges due under the Contract.
<br /> Applicable Law. As used in ttiis Security Instrument, the term "Applicable Law" shall mean all controlling
<br /> applicable federal, state and local statutes, regulations, ordin�nces and a.dministrative rules and orders (that have
<br /> the effect of law) as well as all a��plicable final,non-appealable judicial opinions.
<br /> Charges; Liens. Borrower shall pay all taxes, assessments, charges, fii�es and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and lea�sehold payments or ground rents, if any.
<br /> At the request of Lender,Borrower shall promptly fi�rnish to Lender receipts evidencing the payments.
<br /> Borrower shall promptly dischar;Pe any lien which has prioritg over this Security Instrument unless Borrower: (a)
<br /> agrees in writing to the paymer.�t of the obligation secured by the lien. in a manner acceptable to Lender; (b)
<br /> contests in Qood faith the liei� b;y, or defends against enforcement of the lien in, legal proceedings which in the
<br /> Lender's opinion operate to pre�rent the enforcement of the lien; or (c) secures from the holder of the lien an
<br /> a�reement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br /> part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
<br /> Borrower a notice identifying thf, lien. Borrower shall satisfy the lien or take one or more oF the actions set forth
<br /> above within 10 days of the giving of notice. .
<br /> Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Properry insured against loss by�ire, hazards included within the term"e�ctended coverage" and any other hazards,
<br /> including floods ar flooding, for which Lender requires insurance. This insurance shall be maintained in the
<br /> amounts and Por the periods that:Lender requires.The ulsuranr.e carrier providing the insurance shall be chosen by
<br /> Borrower subject to Lender's approval which shall not be ur�reasonably withheld. If Borrower fails to maintain
<br /> coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the
<br /> Property in accordance with section titled Protection of Lend�er's Rights,in the Property.
<br /> All insurance policies and renewals shall be acceptable to Le;nder and shall include a standard mortgage clause.
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires,Barrower shall promptly give to
<br /> Lender ali receipts of paid premiums and renewal notices. In Khe event of loss, Borrower shall give prompt notice
<br /> to the insurance carrier and Lender.Lender may make proof oi.'loss if not made promptly by Bon•ower.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds sha11 be applied to restoration or
<br /> repair of the Property damaged, if, in Lender's sole discretion, Che restaration or repair is economically feasible
<br /> and Lender's security is not lessened. If, in Lender's sole discretion, the restoration or repair is not economically
<br /> feasible or Lender's security wou�d be lessened,the insurance proceeds sl-iall be applied to the sums secured by this
<br /> OO 2004-2014 Compliance Systems,Inc 4958-r1ElA-2013L231.803
<br /> Consumer Real Es[ate-Security Tnstrument DL2036 Page 2 of 7 www.compG2ncesystems.com
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