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200301236 200301236; or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restriction 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 Properly, whether or not tlim partyhas assumed Borrower's obligations under the Note mid /or this Security Instrument, IRAN SFER OF RIGHTS IN THE PROPPR'IY This Security Instrument secures to Lender: (i) the repayment of the LOaq and all renewals, extensions and modifications of the Note; and It i) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bon'ower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Ten (10), Block Two (2), Brentwood Subdivision, in the City of Grand Island, Hall County, Nebraska. which currently has the address of3111 Woodridge Blvd. 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 a Part of the property. All replacements aid additions shall also be 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 seized 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 war rants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SEC) RITY INSTRU MEN 'I combines uniform covenants for national use mid non- unitbrm covenants with limited variations byjurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower mid Leader covenant and agree as follows: 1. Payment of Principal, Interest, 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 and this Security Instrument shall be made in U.S. currency. However, ifatycheck or other instrument received 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; (b) 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 Tmnsfcr. 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 Loma current. Lendermayaccept mry payment or partial payment insufieicnt to bring the Loren current, without waiver ofany rights hereunder or preJudiceto 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. I each Periodic Payment is applied as of its scheduled due date, then Lender used not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Usul current_ If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return theta to Borrower. I f not applied earlier, such hinds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower From making payments due tinder 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 payments accepted and applied by Lender shall he applied in the following order of priority : (a) interest due under lire Note; (b) principal due under flle Note; (c) amounts due under Section 3. Su ym to Stich pam�ts shall be applied each Periodic Payment in the order in which it became due- Any remaining 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— Fanaie Maelfiremiu Mae UNIFORM INSTRCMENT Farm3028 1101 (yoga.?:JR,,.,,) 97si CV,l 02) Ifi3fimi GDIOIM010,121