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200300706
<br />or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA' refers to all requirements
<br />and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a
<br />"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or n u ffird panyhas
<br />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 ofthe Loan, and all renewals, extensions and modificationsof
<br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note.
<br />Forth IS purpose, Borrower irrevocably grants and conveys to 'I iustee, in trust, with power ofsale, the following described
<br />property located in the County of Hall
<br />[Type of Recording Jurisdiction] [Name ofReoording Jurisdiction]
<br />Lots Two (2), Four (4), Six (6) and Eight (8), in Block One (1), In University Place, and addition to the City of
<br />Grand Island, hall County, Nebraska.
<br />which currently has the address of 2423 N Howard
<br />[Street]
<br />Grand Island ,Nebraska 68803 ( "Property Address "):
<br />[City] [Zip Coda]
<br />'IOGE'I11ER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fissures now or hereafter a Part ofthe property. All replacements and additions shall also be covered by
<br />this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER CO V ENAN'I S that Borrower is lawfidly seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property laid that lire Properly is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of
<br />record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non- uniform covenants with
<br />limited variations byjurisdiction to constitute a uniform security instrument covering real property.
<br />UNIPORMCOVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and l.ateCharges. Borrowershad
<br />pay when due the principal of, and interest on, the debt evidenced by the Now and any prepayment charges and late charges
<br />due under the Note. Borrower Shall also pay funds for Escrow Items pursuantto Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency. However, iany check or other instrument received by Lender
<br />as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender ma yy require that any or all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more at die following forms, as
<br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity, or (d) Electronic Funds 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 15. Lender may return any
<br />payment or partial payment ifthe payment or partial payments are insufficient to bring the Loan current. Lender may accept
<br />any payment or partial payment insufficient to bring the Loan current, without waiver ofany rights hereunder or prejudice to
<br />its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the
<br />timesuch payments are accepted If each Periodic Payment is applied as ofits scheduled due date, then Lender need not pay
<br />interest on unapplied funds. Under may hold such unapplied Ponds until Borrower makes payment to bring the luau current.
<br />If Borrower does not do so within a reasonable period of time, Lender shall either apply such Rinds or return them to
<br />Borrower. Ifnot applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately
<br />prior to foreclosure- No offset or claim which Borrower might have now or in the future aggainst Lender shall relieve
<br />Borrower train making payments due under the Note and this Security Instrument or per the covenants and
<br />agreements secured by this Security Instrument,
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Icoder shall be applied in the following order of priority (a) interest due under the Note;
<br />(b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment
<br />in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other
<br />amounts due under this Security Instrument, and then to reduce the principal balance ofthe Note.
<br />NEBRASKA-- Singlc Family— Fannie Mae /FredWe Mac UNIFORM INSTRUMENT Form30E8 I/01(page2of8,,re,q
<br />9451CV(1 /02) 1611208
<br />GOTO(0003n9J)
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