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2� 1 ��3425
<br /> trust herein�rea�ed,irre�acably gran�s an.d co�a�eys to Trustee,in�rust, with power of sa�e,the fallowrng des�ribed
<br /> praper�y lacated in the�ounty af Hall, 5tate of Nebraska:
<br /> Address: 171�A�do S�re�t, Grand Is�and,N�braska�S$�3
<br /> Legal D�scr�ption: Lot 4, �I�ck 5, in Kay D�e Subdivrsi�n, in th� �ity of�r.and Island, Hall C�unty,
<br /> N�hraska.
<br /> Parc�i IDIS�dwe��Num�er: 4���51154
<br /> T��ETHER WITH all the impro�rements novv or hereafter erected oz�. the property, and a�1 �asem�nts,
<br /> appurtenances, and. fi�tures now or hereafter a par� of�he praperty. A��rep�a�emen�s and add�tions shall also be
<br /> covere�d by this Security Instrument. A,.�1 of the for�going is referred �o in �s SeGur��y Ins�rum�n� as the
<br /> "Propertye"
<br /> B�RR��7LrER �QVENANTS tha�Borrawer is lawful�y se�sed �f�h� esta�e hereby canveyed and has �he rxght ta
<br /> gran� and convey the Property and that �he Praper�y is unencumbered, e��ept for encuml�ran�es of recard.
<br /> B�rrovv�r war�°ants and wil� defend �er�era��y the ti�1� to th� Property a�ains� aI� c�aims and demands, sub�ect to
<br /> any encurnbran�es of record.
<br /> B arrower and Lender covenant an�i agree as fo�Iows;
<br /> Paymer�t of Prineipai an�Inter�st; []ther Charbes.B orrower sha�l pr�mp�ly pay v�hen due the prxnc�pai of and
<br /> interest on the deb�owed under the�on�ract and�at��harbes or any other fees and charges due under�he�ontrae�.
<br /> Appiicable I.1aw. As used in this S�curity Instrumen�, the fi�rm "Applicable Law" shall mea� all contrQliing
<br /> appli�able federal, sta�e and local statutes, reg�la#�ons, �rdinances and adm�nistrative rules and ordexs ��hat have
<br /> the effec�of lavv}as w��l as a�1 applicabl�final,nan--appea�ab��judicial apir��ns.
<br /> �harges; Liens. Borrawer sha�� pay a�l taxes, assessm�nts, charg�s, fines and imposrti�ns at�r�butahie to the
<br /> P�oper�y which may attain priority o�er thi� Security Instrument, and lea�eho��pa�ments or ground r�nts, if any.
<br /> At�he request af Lender,B orrovver sha1�promp��y furn�sh ta Lender r�ceipts evid�ncin�the payments.
<br /> Borrov�er sha�� promptly discharge any Iien which has prior�ty over this S�curity Ir�st�ument unless Borrower: �a}
<br /> agrees �n wri�ing to the paym�nt af the obliga�xon se�ured by �h� Iien in a. manner acceptable ta Lend�r; �b}
<br /> cantests in good faith the lien by, or defends a�a�.ns� enforcement of the Iien in, �egai pra�eedings which in the
<br /> Lender's op�nion aperat� ta prevent the enfor�ement of the 1i�n; or �c} secures from the ho�der of the �ien an
<br /> a�reemen� sa�isfactary�o Lender sub�rd�na�ing�he �xen to this 5ecu.rxty Instxument. If Lender determines that any
<br /> part �f�he Property �s subject�� a lien which may attain pri�rit� over �his Security Ins�rum�nt, Len��r may give
<br /> Borrower a no���e ident�fy�n�the Iie�. Barrawer sha11 sat�sfy the �i�n or take ane or mor� of the ac�ians s�et f�rth
<br /> above wi�hin ��days af�he giving of notice.
<br /> Hazard ar Pr�perty Insu�ance. B orrower shal�keep the improvemen�s now e�is�ing or he�eafter erected on the
<br /> Property insured agains�loss by fire, hazards included vvithin the term Tfextended coverage" and any oth�r hazards,
<br /> in��uding floods or flaoding, for which Lender requires insuranc�. Th�s xnsuran�e sha11 be maintained in the
<br /> am�unts and for the per�ods�ha�Lender requires.Th�insL�ran�e carrier pro�idin�th�insurance shall b�chosen by
<br /> Borrow�r subject �� Lender's appraval wh��h �ha11 no� be unreasonably vvithheld, If Borrower fails t� ma�ntain
<br /> coverage described above, Lend�r may, a� Lender's option, abta�n cov�erage to protect Lender's ri�h�s in �h�
<br /> Property in accordance w�th sect�on titled Prvt�etion of Lemder's Ribhts in the Property.
<br /> Al� insurance palicies and renewals �hal� be ac�eptab�e to Lend�r and sha�l include a s�andard martga�e �Iause.
<br /> Lender shall ha�e the right�o h�ld the policies and renewa�s. If Lend�r requir�s, Borrov�er shal�promptly give to
<br /> Lender a�l receipts of paid pr�miums and r�nevva.l�otices. In th� e�ent of lass, Borrower shal�g�ve prorr�p�no��ce
<br /> to the insurance carr�er and Lend�r.L�nder may ma.�e proaf of loss if not ma��pra�rnp�ly by Borrower,
<br /> Unless Lender and Borrawer othervvise agree �n writing, insurance proc��d� sha�I be applied to res��rat�on or
<br /> repair of�he Prap�rty damaged, if, in Lender's sol� discretian, th� restoration or repair is ecanomically feasible
<br /> and Lender's sec��ity �s not�ess�ned. If, in.Lender's so�e discre�ion, the restora�ion or repair is not �conomi�a�ly
<br /> feasible ar Lender's security wou�d be l�sser�ed,the insurance pro�eeds sha�l b�app�ied ta the sums secured by�his
<br /> a 2���-2�15 Camplianc�:Systems,Inc.$C54-7E51-20i�.i 1.3.�Og8
<br /> Cansurner Reai Estate-�Security Instrument DL203G Pagc 2 of 7 ww•w.campliancesystems.c��n
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