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200301956 or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements mid 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 party that has taken title to the Property, whether or not that parry has assumed Borrower's obligations under the Note midior this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This ScLrity Instrument secures to Lender. (i) the repayment ofthe Loan, and all renewals, extensions and modifications of the Note; and (it the performance of Borrower's covenants aid agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power ofsale, the following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Eight (8), Castle Estates Subdivision, Hall County, Nebraska. which currently has the address of 4030 W Husker Hwy_ [Street] Grand Island , Nebraska 68803 ( "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 he 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 wmmnts mid will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 'fl IIS SECURITY INSTRUMENT 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 and Lender covenant and agree as follows: shall and this Security Instrument shall be made In 11.1. currency. However, 11 any check or other mslrumcntrccclved by lxnder 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 a the following farms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check treasurer's check or cashier's check, provided anv such check is drawn upon an institution whose deposits are insured by a Ccdcral agency, instrumentality, or entity; er (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 Leader 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 w its rights to refiise such payment or partial payments in the firture, but Lender is not obligated to applysuch payments ache time such payments are accepted. l each Periodic Payment is applied as ofits scheduled due date, then Lender need not pay interest on unyptied funds. Lender may hold such unapplTed funds until Borrower makes payment to bring the l nan current. IC Borrower Jdoes not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. Root applied earlier, such hinds will be applied to the outstanding principal balance under the Note immediately prior to facclusure. 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 sccured 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 ap lied 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 I n the order in which it became due. Any remaining amounts shall be applied Erst to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance ofthe Note. NEBRASKA —Single Familv-- Fannie Mae /Froldir Mac UNIFORM INSTREMENT Fnnn3028 1 /01 (pnBe �oJB peg 9454 CV 11102, 11,52395 G0T0(000114lb)