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20030112G or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any partythat has taken title to the Property, whether or not thatparry has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN'1'HE 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 mid agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the tollowing described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Thirty Eight (38), Regency By The Green Subdivision to the City of Grand Island, Hall County, Nebraska. which currunlylias the address of 1820 Stagecoach Rd [Street] Grand Island ,Nebraska 68801 ( "Property Address "): [City] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances, and fixtures now or hereafter apart ofthe property. All replacements and additions shall also be covered by this Security Instrument. All ofthe foregoing 1s referred to in this Security Instrument as the `Property" BORROWER COVENANTS that Borrower is lawfidly seized ofthe estate herehy 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 generallythe title to the Property against all claims and demands, subjectto anyencumbrances of record. THIS SECU RI'IV INSTRI IMENT combines uniform covenants for national use and non - uniform covenants with limited variations byjurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower mid Lender covenant and agree as follows: 1. Payment of Principal, Inte re st, Escrow Items, Prepayment Charges, and Late Charges. Bormwershall pay when due the principal of, and interest on, the debt evidenced by theNote mid any prepayment charges and late charges due under the Note. 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, ifany check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Iorder unpaid, Lender may require that any or all subsequent payments due tinder the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender. (a) cash; (b) stoney order; (e) certified check bank check, treasurer's check or cashier's check, provided any such check is drawn 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 15. lender may return any payment or partial payment ifthe payment or partial payments are insufficient to bring the Loan current. Lender mayaccept any payment or partial payment insufficient to bring the Loan current, without waiver ofany rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as ofits scheduled due date, then 1 ender need net pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does out do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. Ifnot applied earlier, such finds will be applied to the outstanding principal balance under the Note immediately prior to foreclos'urc. No offset or claim which Borrower might have now or in the future aggainst lender shall relieve Borrower from making Payments due tinder the Note and this Seen ity Instrument or pertomiing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any renmining amounts shall be applied first to late charges, second to any other amounts due wider this Security Instrument, and then to reduce the principal balance ofthe Note. NEBRASKA- -Su,1c Family — Fannie M- Freddw Mec UN I FORM INSTRUM ENT Form3028 1 /01 (page2oj8pagcr) visa tiv(11e2) 1693725 GOTO(0003232)