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2� 1 ��4�87 r which curren��y has�he address of: 422U Indiangrass Rd Grand Isiand,NEBRASKA G8S�3�-3UU3 �"Propez-�y Addres5"�: T�GETHER. WITH aII �he �mpro�emen�s now or her�afte� erected on the p�operty, and a�� easemen�s, appurtenances,and f�xtures now or hereaf�er a par�of�he praper�y.A1�repiacemen�s and additions shall also be�overed by this Secur�ty Instrument.A�1 of the far�going is referred�o in�his Security rnstrument as the"Proper�y." B�RR�WER��VENANTS that Barrovver is lawful�y�e�sed of�he esta�e hereby con�eyed a.nd has the right to gran�and con�ey�he Property and�hat the Property is unencumbered,excep�for en�umbran�es af record.Borrower warran�s and vv�l�defend generally the ti��e to the Praperty against aIl�laims and demands,subj ec�to any encumbrances of record. THZS SEGUR�TY�NSTRUMENT combines un�form�a�enan�s for na�ianal use and non-un�f�rm ca�enants wi�h 1im�ted variatians by jurisd�cti�n�o const�tu�e a uniform securi�y zns�rument ca�ering rea�proper�y. UNIF�RM Ct3VENANTS.Borirower and Lender covenan�and agree as foi�ows: 1.Payment of Principai,Interest,Es�row Items,Prepayment Charges,and Late Charges.Borrov�rer sha�l pay when due the principal of,and in�erest on,the debt ev�denced by th�Note and any prepayment charges and�ate charges due under�he Note.Borrower sha1�also pay funds for Escrow�tems pursuan�to Se�tian 3.Payments due under�he Note and this Secur�ty Instrument sha�l be made in U.S. currency. Howe�er, if any check�r o�her instrument received by Lender as payrn�nt under�h�No�e or this Security�nstrument��returned to Lender unpaid,Lender may require that any or a11 subsequen�paymen�s due under the Note and�his Securi�y�nstrument he made in one or more af the fo��ovving forms,as seiected by Lend�r;(a}cash;�b}money ord�r;�c�eer�if ed check,bank check,treasurer's check or cashier's chec�, pro�ided any such check is dravvn upon an institu�ion �nrh�s� deposits are �nsured by a federai agency, �nstrumentality,or ent�ty;or�d}Electranic Funds Transfer. Paymen�s are deemed recei�ed by Lender when recei�ed at the Ioca�ion designa�ed�n�he Note or a�such other lacat�on as may be designated by Lender in accordance wi�h�he natice pravisions in Sec�i�n�.5.Lender may re�urn any paymen�ar par�ia�payment�f the paymen�ar par�iai payrnen�s ax�insufficien��o bring�he Loan curren�.Lender may accept any payment or partiai payment insufficient�o bring the Loan curren�,vsr�thou�wai�rer of any rights hereunder or pre�udice to its rights��refuse such payment or par�iai payments in the future,bu�Lender is not ohligated�o app�y such payments a�the��7me such paymen�s are accep�ed.If each Periodic Payment is app�ied as of i�s scheduled due da�e,�hen L�nde�need nat pay zn�erest on unapplied funds.Lender may h�ld such unapplied funds un�il Borravver makes paymen� ta bring�he Loax�current.If Borrovver does no�do sa v►�ithin a reasona�le perind of time,Lender sha11 ei�her appiy such funds or return th�m to Borrawer.�f not appli�d ear�ier,such funds wiil be appl�ed to the autstanding pr�ncipal balance under the Nate immedia�ely prior ta foreclosure.No�ffset or c�a�m which Borrower migh�ha�e navv or in�he future agains� Lender sha�� relie�e Borrovver from making paymen�s due under th� No�e and�his Securi�y Instrunaent or performing�he co�enants and ag;reements secured by th�s Security Instrumen�. 2,Appli�ation of Payments or Praceeds.Except as otherwise described in this Sect�on 2,a�l payments accepted and applied b�Lender sha1�be applied in the fo��ow�ng arder of priority:�a}interest due under the No�e;�b�przn�ipal due under the No�e;�c�amaun�s due under Sec�ion 3.Such payments sha��be app�ied�o�ach Periodic Fayment�n the order in which it became due.Any remaining amoun�s shall be app�ied f rs�to lat�charges,second�o any other amounts due under this Secu�ifiy Instrument,and then to redu�e�he principal baiance of the Note. If Lender recei�es a payment from Borrower for a delinquen�Per�adic Paymen�which�nc�udes a su�c�ent amount to pay any late charge due,the payment may b�appl�ed to�he delin�u�nt paymen�and the la�e charge.�f mare than�ne Periodic Payment �s �utstanding, Lender may apply any paymen�rece�ved from Borr�,wer to the repayment of the Periodic Paymen�s if,and�a�he exten�tha�,each paymen�ca.n be paid in full.To�he ex�en�that any excess exists after NEBRASKA-S�ng1e Family-Fannie Ma�lFreddie Ma�UNIF�RN!iNSTRUMENT Form 3D28 ��0� Page3af�3 � ios,�n�.-��s�g Sorraw�r�s}Initials