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200110100 or regulation that governs the same subject matter. As used in this Security Instrmuent, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGH-fS IN THE PROPERTY This Security Instrument secures to Lender: (1) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Sixty Seven (67), Wolfe's Subdivision, in the Citv of Grand Island, Hall County, Nebraska. Which currently has the address of 430 Eisenhauer Dr Street] Grand Island Nebraska 68803 (- Property Address "): 10tyl (Zip Code] T0Gl`.Tlll,ll WITII all the improyomcnts now or hereafter erected on the wopety, and all easements, appurtenances. and fixtures no\1 or hereafter a part of the pi opert, All replacements and ad3itions shall also be covered by this Security Instrument. All of the linegoing is relerrcd to in this Security 111Sh'nlllenl as the "Property." 130RROWI?R O WFNANTS that Borrovver is l i\vfiilly seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except liar encumbrances of record Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record TI -IIS SECURITY INSTRIJMI�NT combines uniform covenants f(►r national use and non - uniform covenants with limited variations by jurisdiction to constitute a 111111,01111 securit. instrument covering real property. IJNIFORM CO VE:NANTS. Borrower and I .ender covenant and agree as ti)Ilows: 1. Payment ot'Princi ral, Interest, Escrow Items, Prepayment Ch rrges, and Late Charges. Borrowershall pay when due the principal Of. ant interest on, the debt evidenced by the Note. and any prepayment charges and late charges due under the Note. Borrower shall also pay Ituuls I'()r I sscrow hems pursuant to Section . Payments due under the Note and this Security InsU unnent shall he made in l 1. s. currency. I lowever, if any check or otlne instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments duc under the Note and this Security Instrument be made in one or more or the following forms, as selected by ,ender: (a) cash. (b) money order. (c) certified check, bank check, treasurer's check or cashiers check, provided any such check is llrawil upon an institution whose deposits are insured by a federal agency, instrumentality, or entity, or (d) Electronic Funds "Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial pavinents in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. 11 each Periodic Payment is applied as of its scheduled due date, then Lender neednotpay interest on unapplied funds. Lender may hold such uliapplied funds until }3orrower makes payment to bring the Loancturent. If Borrower does not do so within a reasonable period of time. Lender .hall either apply such 11inds or return them to Borrower. If not applied earlier, such lands will be applied to the outstanding principal balance under the Note immediately prior to li)reclosure. No offset or clainn which Iiorrovvcr might havo now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security lnsu-ulnenl or pertcmning the covenants and agreements secured by this Security Instrunnent. 2. Application of Payments or Proceeds. I?xccpt as otherwise described in this Section 2, all payments accepted and applied by lender shall be applied in the li)llowing order of priority: (a) interest due under the Note; (b) principal due under the Note: (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment m the order in which it became chic. Any remaining amounts shall be applied first to late charges, second to.any other amounts due under this Security InStr'ltmellt, and then to reduce the principal balance of the Note. NEBRASKA -- Singh NIae t'N1Ft)R \I INSTRUMENT Form 3028 1 /01 (page ? of N pages) 9754.(-V (2/01) (ill 111 OOTO(00150774)