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200404676
<br />(L) "Escrow Items'" means those items that are described in Section 3.
<br />( "Miscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid by any
<br />M)
<br />third party (other that, insurance proceeds paid under the coverages described in Section 5) for. (i) damage to, or
<br />destruction of, the Property; (a) condemnation or other taking of all or any par t of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and /or condition of the Property.
<br />(N) "Mortgage Insurance" mesas insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Now,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. ¢2601 et seq.) and its implementing
<br />g
<br />regulation, Regulation X 24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in [his Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan'
<br />even if the I.nan does not qualify as a "federally related reengage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
<br />patty has assumed Borrower's obligations under the Note and /or this Security Instrument.
<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 power
<br />of sale, the following described property located in the
<br />COUNTY of HALL
<br />tryPv of Recordin8 lurisdicfion] (Name of Recording Imisdic,ionl
<br />LOT . THIRTY400385481 T(32), �CK ACRES WEST SUBDIVISION, HALL COUNTY, l�RMKA.
<br />which currently has the address of 3 0 5 RENEE ROAD
<br />Isvecd
<br />DONIPHAN ,Nebraska 68832 ("Property Address"):
<br />[City] Izie coda]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Properly against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENTemnbines unifomncovenants for national use and nun - uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real properly.
<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 shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under 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 retuned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in
<br />one or more of the following forma, as selected by Lender: (a) cash; (b) money order; (c) certified cheek bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured
<br />by a federal agency, instmmentalily, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the m location designated in the Nate or at such other
<br />location as ay be designated by Lender in accordance with the notice provisions in Section 15. Lender may return
<br />any payment or partial payment if the payment or partial payments are insufficien. to bring the Loan current. Under
<br />may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights
<br />hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not
<br />obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br />NEaRARKA-- 8ingle Family—
<br />Fannie Mee /FreJJie Mac t1NIFORM INRTRl1MENTA�e w�docmagic.com
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<br />Form 3028 1/01
<br />Page 2 of 11
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