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00101172
<br />TRANSFER OF RIGHTS IN THE PROPERTY extensions
<br />This Security Instrument ent oof Borrower'shcovenayntseand agreements Loan, underlthisnSe Security Instrumentnand the Note.�For
<br />the Note; and (u) performance
<br />this purpose, Borrower irrevocably grans and conveys to Trustee, in trust, with power of sale, the following described
<br />COUNTY, of
<br />property located in the ..... • • • " "
<br />[Type of Recording Jurisdiction]
<br />..............
<br />.......... ...............................
<br />[Name of Recording Jurisdiction]
<br />THE EASTERLY FIFTY AND EIGHT TENTHS (50.8) FEET OF LOT TWO (2), BLOCK FIFTEEN (15),
<br />SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />the address of ......... ...............................
<br />............ ...............................
<br />which currently has ............................. [street]
<br />Nebraska ................ . • $�0 • • • • • • • • • • • • • • • • • • • ("Property roperty Address"):
<br />.................. G a d sland ..........................
<br />[Zip Code]
<br />[city] and all easements, appurtenances,
<br />TOGETHER WITH all the improvements now All replacements e eand additions shall also be covered by this Security
<br />and fixtures now or hereafter a part of the property.
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS the that operty is is lawfully seised pt or encumbrancescof record. Borrower warrants and
<br />and convey the Property and
<br />will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT
<br />constitt a combine instrument for property
<br />nd non-uniform covenants with limited
<br />variations by jurisdiction t
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay
<br />when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due
<br />under the Note. Borrower shall also pay funds for Escrow Items any check or otherninstrumennreceived by Lender oas payment
<br />Security Instrument shall be made in U.S. currency. However, °r all subsequent
<br />under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any q
<br />payments due under the Note and this certified Instrument ant check, treasurer's heck or�cashier� cl e k, forms
<br />payments any such
<br />Lender: (a) cash; (b) money order; (c)
<br />check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic
<br />Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other men °or
<br />as may be designated by Lender in accord payments nsuffcient provisions
<br />bring the Loaan current. Lender may return accept yny Payment
<br />partial payment if the payment or partial paym
<br />or partial payment insufficient to bring the o due rebut without nder waiver not obligated o apply such uch paymentsc attthe its rights
<br />such
<br />refuse such payment or partial Payments then Lender need not pay interest on
<br />payments are accepted. If each Periodic Payment ifi appli until ed Borrower emakes pay 'to bring the Loan current. If Borrower
<br />unapphed funds. Lender may hold such unapp such
<br />does not do so within a reasonable period of time, Lender sun either �ce under the Note return
<br />immediately prior to foreclosure•
<br />applied earlier, such funds will be applied to the outstanding p P
<br />pa offset a claim thwhich o Borrower might Seccuurity Instnow ent or performing the covenants and and agreements secured byf this Security
<br />payments due under th
<br />Instrument payments accepted and
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all pa� due under
<br />applied by Lender shall be applied in the following order of priority: (a)
<br />interest due under the Note; (b) principal
<br />the Note; (c) amount s due under Section 3. Such payments shall be applied to each Periodic Payment in the order i s which it
<br />became due. Any remaining amounts shall be applied first to late charges, second to any other amount s due under this Security
<br />Instrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a paym from be applied o for the delinquent ntPpaymentPand the late chargeuI f more sufficient Periodic
<br />pay any late charge due, the payment
<br />Payment is outstanduig, Lender may apply any Payment received from Borrower to the repayment of the Periodic Payments i ,
<br />and to the extent that, each payment can be paid in full. To the extent that any exe Y s exists after the payment ipppl'Paym the
<br />full payment of one or more Periodic Payments, such excess may be applied to an late char es due. Voluntary re a merits
<br />shall be applied first to any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not
<br />extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic payments ar and assessments er the Note, other
<br />the Note is paid at full, i sum (the "Funds") s Seurity provide
<br />Ins ltrument as a lien or en cumbrance on the)Property; {b)- leasehold payments
<br />items which can attain priority if any; () p
<br />or ground rents on the Property, a Premiums for any and all insurance required by Lender under See lion 5; and
<br />Mortgage Insurance premiums, if any, or any _ sums Payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accoroddane with tLender may require Section
<br />hat Community 1tAssociation Du es, sFees, Items.
<br />and Assessments, if any,
<br />at any time during the term
<br />be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Lender the Funds. shall
<br />for Esc�ow I emsunless
<br />Lender all notices of amounts to be paid under this Section. Borrower shall pay wave Borrower's obligation
<br />Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may In the event of such
<br />to pay to Lender Funds for any or all Escrow Items at any tune• the amounts duerforaany only be Items for which payment of
<br />waiver, Borrower shall pay directly, when and where payable, 1i thin
<br />Funds has been waived by Lender ri, if Borrower's obligation toomake such epaymentslp and eto provide receipts hall for all
<br />such time period as Len y require. as the
<br />purposes be deemed to be a covenant and agreement contained in this Security Instrument, to a waiver, and B .tower
<br />agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, P Form 3028 1/01
<br />NEBRASKA — Single Family— Fannie Mae /Freddie,Mac UNIFORM INSTRUMENT age 2 of 7pages)
<br />Bankers Systems, Inc., St. Cloud, MN Form MD -1 -NE 8117/2000
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