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200304011 or regulation that governs the same subject matter. As used in this Security Instrument, "RES PA" 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 thatpanyhas 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, Burrower irrevocably grants and conveys to Trustee, in trust, with power ofsale, the following described property located in the County of Hall ['lypeoffecordinglurisdictum] [Name of Recording Jurisdiction] Lot Twelve (12), R & B Second Subdivision, Hall County, Nebraska. which currently has the address of,1069 Horseshoe Place [Street] Grand Island ,Nebraska 68803 ( "Property Address "): [City] [Zip Code] 'FOGE'fHER 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 the foregoing 1s 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 warrants and will defend generally the title to the Property against all claims and demands, subject to aryencumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenantswhh limited variations byjurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment ofPrinctpal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by die 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 Laid [Iris Security Instrument shall be made in U.S. currency. However, ifany check or other instrument received by lender as payment under the Now or this Security Instrument is rammed 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 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 ifthe payment or partial payments are insufficient to bring the Loan current. Lender mayaccept anypaymen[ or portal payment insufficient to bring the Loan current, without waiver ofany rights hereunder or preps ice an its nghts to refuse such payment or artial payments in the future,but UrnIstisnotobli�aled to apply such payments at the time such papnents are accepted. 1 }each Penodic 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 paymentm bring the Loan current. If Borrower does no[ do so within a reasonable period of time, Lender shall either apply such funds or return them to Rorrower. Ifnot applied earlier, such funds will be xpplicd to the outstanding principal balance under the Now immediately prior to foreclosure. No offset or claim which Borrower mieht have now or in the furore against Lender shall relieve Rorrower from making payments due under the Nutc and l 1s Security Instrument or per orming 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 the following order of priority. ea) interest due under the Note; (b) prineipal due under the NOte; (c) amountsdueunder Section 3. shall Such payments dfirst t be charges,shond Periodic Payment m the order which i[ became due. Any remaining amounts shall be applied first to late charges, second to any other amounts dneon der this Security Instrument, an d then to reduce the principal balance ofthe Note. NEBR/0i"� ,tv Family — Fannie MadFreddie Mac UNIFORM INSTRUMENT Fnrm3039 I/m (pagel fRpage..) 9754,CV(I103) 1676496 GOT".04 ie2)