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200301228 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 ifthe Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or mathat partyhas assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment ofthe Loan, and all renewals, extensions and modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under this Security Instrument mid the Note. For this purpose, Borrower irrevocably grants and conveys to'1'ruster, in trust, with power or sale, the following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Twelve (12), in Block Two (2), Lake Davis Acres Subdivision, Grand Island, Hall County, Nebraska. which currently has the address of 4411 Calvin Dr _ [Street] Grand Island ,Nebraska 68801 ( "Property Address "): [City] [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 be covercdby this Security Instrument All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey are Property and drat the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims slid demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: I. Payment of Principal, fntw'est, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and 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 slid this Security Instrument shall be made in U.S. currency. I lowever, if any check or other instrument rcccivcd by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may, require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (h) money order; (c) 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 if the payment or partial payments are insufficient to bring the I man current. Linder may accept any Payment or partial payment insullimcnt to bring tic Loan current, without waiver of any rights hereunder or prejudice to its nghts to refuse such payment or pattial payments in the finure, but Lender is not obligated to apply such payments at the fimesuch payments are accepted.I each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Iznder may hold such unapplied fiords until Borrower makes payment to bring the Form current. If Borrower does not do so within a reasonable pcnod of lime, Lender shall either apply such funds or retum them to Rorniwcr. Ih1ol applied earlier, such fiends will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower miglit have now or in the future against Lender shall relieve Rorrowcr Gom making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all the Note; payments accepted mid applied by Lender shall he applied in the following order of priority: ea interest due under the Note; b pprinmpal due under the Note; (c) amounts due under Sect ion s. Such payments shat late charges, e Periodic Payment n)the order in which it became due. Any, an t ng amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NEBRASKA — single Family--Fannie Mae/Freddie Alas UNIFORM INSTRUMENT Fo'3028 i /81 (pnge2o%8pages) 97st CV (1,02) DA7114 GOTO(OOONSW