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200410823 TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) 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, intrust, with power of sale, the following described property located in the ameo ecor mg uns fiction of ypeo ecor ing uns idion LOT THIRTEEN (13), WESTERN HEIGHTS FOURTH S0 B0I V I S 10 N. HALL 01111 NTY. NEBRASKA. which currently has the address of 6 2 5 6 S H A N N A S T R E E T reel GRAND ISLAND , Nebraska 6 8 5 0 3 ( "Property Address"): [CRY] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter apart of the property. All replacements and additions shall also ba covered by this Security Instrument All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for 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. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - unit." covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as tollows: t. Payment of Principal, Interest, Escrow Items, Prepayyment Charges, and Late Char as. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and my prepayment charges an ate charges due under the Nate. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, R any check or other instrument received by Lander as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that an stall subsequent payments due underthe Note b mono order; (c) and this check, Security Instrument be made in the or more hi the following tonne, as scooted by Lender: drawn cash; an y, certified check, bank check, treasurer's check or cashiers check, provided any such check is tlrawn 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 5. Lender may return any payment or partial payment R the payment or partial payments are Insufficient to bring the Loan current Lender may accept any payment or partial payment insufficient io bring the Loan current, wkhout waiver of any rights hereunder or prejudice to Ns rights to refuse such payment or partial ayments in the future, but Lentler is not obligated to apply such pa merits at the time such payments are accepted. each Periodic Payment is applied as of Rs scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Lcen current. If Borrower does not do so wkhin a reasonable period of time, Lander shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstandiny principal balance under the Nole immediately prior io foreclosure. No offset or claim Which Borrower might have now or In the future against Lender shall relieve Borrower from malung payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Peymeets or Proceeds. Except as otherwise described in ih'is Section 2, all payments accepted and a(cp)plied by Lender shall be appled in the following order of priority: (e) mlerest due under the Note; (b) principal due under iha Note; An amounts due under Secucn 3. Such payments shall be applied to each Periodic Payment in the order In which it became dun. Any remaining amounts shall be applied first to late charge, second to any other amounts due under this SecurRy Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment tram Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, -the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lolider may apply any payment received from Borrower to the repayment at the Periodic Payments if, and to the extent or more Periodic Payments, such excess the extent that appplied to any late charges sdue. Voluntary prepayments stshall belappl applied first to any prepayment charges and then as described in the Co, Any appplication of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone Iha due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due for (a) taxes and assessments end other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property (b leasehold pa ments or ground rents on the Propert, it any; (c) premiums for any and all insurance required by Lender Ontler Section 5; and (d) Mortgage Insurance premiums, i any, or any sums ppayable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at anytime during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item Borrower shell promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items Lender may waive Borrowers obligation to pay to Lender Funds for any or all Escrow Items at 0 any lime. Any S a ic such waver may only be in writing. In the event of such waiver, Borrower shall pay directly when and where payyable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, If Lender requires, ahall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such a Y ants and to provide receipts shall tar all purposes be deemed to be a covenant and agreement contained in this Securtty Instrument, as the phrase "covenant and agreement" Is used in Section 9. If Burrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pa the amount due for an Escrow Item, Lender may exercise Rs rights under Section B end pay such amount and Borrower shall then be o611g oun under Section 9 to repay to Lender any such amount. Lander may revoke the waiver as to any Lender all Fuodsm ndtin such amounts, that are then r quirad underilh s SinLien Sand, upon such revocation, Borrower shall pay to Lender may, at any time, collect and hold Funds in an amount (a) sufficient to pertnit Lender to apply the Funds at the lime specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate e amount of Funds due on the basis of current data end reasonable estimates of expenditures of future Escrow Items or otherwi accordance with Applicable Law. NEOR S"K chWla nimlly— penile MNFi Mae UNIFORM INBTRUMENi FOPM 9YYB 01N1 (pe0e3 el]pepw)