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200303743 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 party that has taken title to the Property, whether or not that party has 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 of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and 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 following described property located in the County of Ha_ll. [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] The Northerly One Hundred Ten (I 10) Feet of Lot Four (4), in Block Three (3), in Dickey Second Subdivision to the City of Grand Island, Hall County, Nebraska. which currently has the address of 2645 O'Flaimagan [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 a part ofthe property. All replacements and additions shall also be covered by this Security Instrument. All ofthe foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized ofthe 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 warrants and will defend generally the title to the Property against all claims and 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 1. Payment ofPrincipa1, Interest, Escr( due the principal of, and interest on, the deb and this Security Instrument shall be made in U.S. currency. However, if any check 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 Lander: (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 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. Gander may return any payment or partial payment if the payment or partial payments are insufficient to bring the Law current. Lwclermaywc pt any pnyinen[ or partial payment insuttiuent to bring the Loan current, without waiver of my rights hereunder or prejudice to its nghts to refuse such payment nr ppartial payments in [he furore, but Lender is not obligated to apply such payments at the time such payments are accepted. Ifeach Penodio Payment is applied as of its scheduled due date, then Lender need not pay interest on unspplied funds. lender may hold such unapplied firads until Borrower makes paymentto bring the Loan current. If Burrower ddoes not do so widtin a reazonable periodd of time, Lender shall either apply such funds or return them to Borrower. Ifnot applied earlieq such (ands 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 a rainst Lender shall relieve Borrower from making payments due unJcr the Note and this Security Instrument or performing the covenants and agrcemen6 secured by [his 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 : ea) interest due under the Note; (b) principal due under t eNote; (c) amounts due under Section 3. shall Such payments dfirst t be charge each Periodic Payment in the order m which it became due. Any remaining amounts shall be applied first to late charges, second to any other announts due under this SecmiTy Instrument, and then to reduce die principal balance ofthe Note. NEBRhtiKA— Single Fariuly— Formic MaelFrWiim Mac UNIFORM INSTRUMENT Form3028 1101 (pnge2oj8pnges) 9954 CV (1102) 1615107 G1Y101111Ni49asa)