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2026011 7 1
<br />LOAN #: 002541256
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions,
<br />and modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under
<br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to
<br />Trustee, IN TRUST, WITH POWER OF SALE, the following described property located in the
<br />County of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />The South half (S1/2) of Lot One (1), except the North Seven (N7') feet thereof, the South half
<br />(S1/2) of Lots Two (2) and Three (3), all in Block Four (4) in John Voitle's Addition to the City of
<br />Grand Island, Hall County, Nebraska, excepting a certain tract deed to Burlington Northern
<br />Railroad Company more particularly described in Warranty Deed recorded as Document No. 94-
<br />105629, Hall County, Nebraska.
<br />APN #: 0400104253
<br />which currently has the address of 814 Saint Paul Rd, Grand Island [Street] [City]
<br />Nebraska 68801 ("Property Address").
<br />[Zip Code]
<br />TOGETHER WITH all the improvements now or subsequently erected on the property, including
<br />replacements and additions to the improvements on such property, all property rights, including, without
<br />limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights,
<br />and fixtures now or subsequently a part of the property. All of the foregoing is referred to in this Security
<br />Instrument as the "Property."
<br />BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully
<br />owns and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has
<br />the right to use and occupy the Property under a leasehold estate; (ii) Borrower has the right to grant
<br />and convey the Property or Borrower's leasehold interest in the Property, subject to any existing senior
<br />encumbrances; and (iii) the Property is unencumbered, and not subject to any other ownership interest
<br />in the Property, except for encumbrances and ownership interests of record. Borrower warrants generally
<br />the title to the Property and covenants and agrees to defend the title to the Property against all claims
<br />and demands, 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
<br />and non -uniform covenants that reflect specific Nebraska state requirements to constitute a standardized
<br />security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Prepayment Charges, and Late Charges. Borrower will
<br />pay each Periodic Payment, if any, when due. Borrower will also pay any prepayment charges and late
<br />charges due under the Note, and any other amounts due under this Security Instrument. Payments due
<br />under the Note and this Security Instrument must be made in U.S. currency.
<br />Payments are deemed received by Lender when received at the location designated in the Note
<br />or at such other location as may be designated by Lender in accordance with the notice provisions in
<br />Section 11.
<br />Any offset or claim that Borrower may have now or in the future against Lender will not relieve Bor-
<br />rower from making the full amount of all payments due under the Note and this Security Instrument or
<br />performing the covenants and agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all
<br />payments accepted and applied by Lender will be applied in the following order of priority (a) interest
<br />due under the Note (if any), and (b) principal due under the Note. Such payments will be applied to each
<br />Periodic Payment, if any, in the order in which it became due. Any remaining amounts will be applied first
<br />to late charges, second to any other amounts due under this Security Instrument, and then to reduce
<br />the principal balance of the Note.
<br />NEBRASKA — Single Family — Freddie Mac/Fannie Mae STANDARDIZED SUBORDINATE DOCUMENT
<br />Form 3800.28 12/2023
<br />ICE Mortgage Technology, Inc. Page 3 of 9 I1052SMANEDE 1124
<br />I1052SMANEDE (CLS)
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