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200301363 DOC ID # 0002191808757088 LOT 2, PULTE SECOND SUBDIVISION, HALL COUNTY, NEBRASKA Parcel ID Number: 400460130 which currently has the address of 3579 N US HIGHWAY 281, GRAND ISLAND , [sneepciw] Nebraska 68803 -9312 ( "Property Address "): [Zip Codel 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 and additions shall also be covered by this Security Instrument. All of die 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 teal the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title. ar the Property against all claims and demands, subject to any encumbrances of record. 'PHIS SECURITY iNSTRi7MENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properly. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shrill pay when due the principal of, and interest on, the debt evidenced by the Now 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 Now and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument roccived by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require Oral any or all subsequent payments due under the Now and this Security Instrument he 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 insurer] 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 Now or at such offer 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 Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the fume, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring die Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to are outstanding principal balance under the Now 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 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 payments accepted and applied by Lender shall be applied in die 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 in each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to laic charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Now. (Z - 6(NE)icwl) CHL(OB100) rage a of i m Form 3028 1101