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• 202506444
<br />(M) "Escrow Items" means: (i) taxes and assessments and other items that can attain priority over this Security
<br />Instrument as a lien or encumbrance on the Property; (ii) leasehold payments or ground rents on the Property, if any; (iii)
<br />premiums for any and all insurance required by Lender under Section 5; (iv) Mortgage Insurance premiums, if any, or
<br />any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with
<br />the provisions of Section 11; and (v) Community Association Dues, Fees, and Assessments if Lender requires that they
<br />be escrowed beginning at Loan closing or at any time during the Loan term.
<br />(N) "Loan" means the debt obligation evidenced by the Note, plus interest, any prepayment charges, costs, expenses,
<br />and late charges due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(0) "Loan Servicer" means the entity that has the contractual right to receive Borrower's Periodic Payments and any
<br />other payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include a
<br />sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer.
<br />(P) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction
<br />of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of
<br />condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(Q) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or Default on, the Loan.
<br />(R) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment permitted under the Note,
<br />which is less than a full outstanding Periodic Payment.
<br />(S) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii)
<br />any amounts under Section 3.
<br />(T) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN THE PROPERTY."
<br />(U) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/or occupancy of
<br />the Property by a party other than Borrower.
<br />(V) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing
<br />regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from time to time, or any additional or
<br />successor federal legislation or regulation that governs the same subject matter. When used in this Security
<br />Instrument, "RESPA" refers to all requirements and restrictions that would apply to a "federally related mortgage loan"
<br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(W) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />(X) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the Property is
<br />located, as it may be amended from time to time, or any applicable additional or successor legislation that governs the
<br />same subject matter.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions, and
<br />modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, IN TRUST, WITH
<br />POWER OF SALE, the following described property located in the County of Hall:
<br />Real Property tax identification number is 400213613.
<br />Lot One (1), Meadow Lane Fourth Subdivision, Hall County, Nebraska.
<br />which currently has the address of 2847 Goldenrod Dr, Grand Island, Nebraska 68801 ("Property Address");
<br />TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements and
<br />additions to the improvements on such property, all property rights, including, without limitation, all easements,
<br />appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a
<br />part of the property. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully owns and
<br />possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the right to use and occupy
<br />the Property under a leasehold estate; (ii) Borrower has the right to grant and convey the Property or Borrower's
<br />leasehold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other ownership
<br />interest in the Property, except for encumbrances and ownership interests of record. Borrower warrants generally the
<br />title to the Property and covenants and agrees to defend the title to the Property against all claims and demands,
<br />subject to any encumbrances and ownership interests of record as of Loan closing.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and
<br />non -uniform covenants that reflect specific Nebraska state requirements to constitute a uniform security instrument
<br />covering real property.
<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 will pay each
<br />Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and
<br />any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must
<br />be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this
<br />Security Instrument is retumed to Lender unpaid, Lender may require that any or all subsequent payments due under the
<br />Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b)
<br />money order; (c) certified check, bank check, treasurer's check, or cashier's check, provided any such check is drawn
<br />upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic
<br />Fund Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or
<br />retum any Partial Payments in its sole discretion pursuant to Section 2.
<br />Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from
<br />making the full amount of all payments due under the Note and this Security Instrument or performing the covenants
<br />and agreements secured by this Security Instrument.
<br />2. Acceptance and Application of Payments or Proceeds.
<br />(a) Acceptance and Application of Partial Payments. Lender may accept and either apply or hold in suspense
<br />Partial Payments in its sole discretion in accordance with this Section 2. Lender is not obligated to accept any Partial
<br />Payments or to apply any Partial Payments at the time such payments are accepted, and also is not obligated to pay
<br />interest on such unapplied funds. Lender may hold such unapplied funds until Borrower makes payment sufficient to
<br />cover a full Periodic Payment, at which time the amount of the full Periodic Payment will be applied to the Loan. If
<br />Borrower does not make such a payment within a reasonable period of time, Lender will either apply such funds in
<br />accordance with this Section 2 or return them to Borrower. If not applied earlier, Partial Payments will be credited
<br />against the total amount due under the Loan in calculating the amount due in connection with any foreclosure
<br />proceeding, payoff request, loan modification, or reinstatement. Lender may accept any payment insufficient to bring
<br />the Loan current without waiver of any rights under this Security Instrument or prejudice to its rights to refuse such
<br />payments in the future.
<br />(b) Order of Application of Partial Payments and Periodic Payments. Except as otherwise described in this Section
<br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 07/2021
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