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201807747 <br />(Q) "Secretary" means the Secretary of the United States Department of Housing and Urban <br />Development or his designee. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether <br />or not that party has assumed Borrower's obligations under the Note and/or this Security <br />Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY. This Security Instrument secures to Lender: (i) <br />the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the <br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. <br />For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the <br />following described property located in the County [Type of Recording Jurisdiction] of Hall [Name of <br />Recording Jurisdiction] Lot 8 and the Westerly 2 feet of Lot 7, Block 2, Knickrehm Sixth Addition to <br />the City of Grand Island, Hall County, Nebraska. <br />Parcel ID Number: 400 053 764 which currently has the address of 204 E 22ND ST [Street] Grand <br />Island [City], Nebraska 68801 [Zip Code] ( "Property Address"): <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions <br />shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security <br />Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and <br />has the right to grant and convey the Property and that the Property is unencumbered, except for <br />encumbrances of record. Borrower warrants and will defend generally the title to the Property against <br />all claims and demands, subject to any encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform <br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering <br />real property. <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, and Late Charges. Borrower shall pay <br />when due the principal of, and interest on, the debt evidenced by the Note and late charges due under <br />the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under <br />the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other <br />instrument received by Lender as payment under the Note or this Security Instrument is returned <br />to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and <br />this Security Instrument be made in one or more of the following forms, as selected by Lender: <br />(a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, <br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency, <br />instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in the Note or <br />at such other location as may be designated by Lender in accordance with the notice provisions in <br />Section 14. Lender may return any payment or partial payment if the payment or partial payments are <br />insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient <br />to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse <br />such payment or partial payments in the future, but Lender is not obligated to apply such payments at <br />FHA Deed of Trust -NE <br />Bankers Systems"' VMP® <br />Wolters Kluwer Financial Services <br />2018112718.3.0.2131J20180323Y <br />1314826 <br />9/30/2014 <br />12/2017 <br />Page 3 of 15 <br />