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200304.014
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of Ilia
<br />Note, rpsen Bolrrower irrevocably ably grans and cor voys to Trusted in agreements trust, with power this s, the Security Instrument
<br />described property locatedhl`s
<br />the :
<br />ypeo ecor ,,q uriscictlon amen ecor Inq uns Iciwn
<br />L U T EIGHIEEN (1E) IN BLOCK FOUR (47 IN A 5 1 1 0 N PLACE, AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which currently has the address of 2 3 0 4 W E S T C H A R L E S 5 T treat
<br />GRAND 1 5 L A N 0 Nebraska 6 B R B . 3 roped ess"p
<br />y Add.
<br />[City] [Zip Code] "
<br />TOGETHER WITH all the improvements now or hereafter erected on the propertyy, and all easements, appurtenaFace, and
<br />fixtures now or hereafter a pad of the property. All replacements and additions shall also be covered by this Security Instrument. All
<br />of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereb conveyed and has the right to grant and
<br />convey the Properly and that the Properly is unencumbered, except for encumbran I record. Borrower war to and will defend
<br />generally the title to the Property against all claims and demands. subject to any encumbrances of record.
<br />THIS ECUPIT INSTRUMENT combine$ uniform
<br />sfor inal us. and non - uniform covenants with limited
<br />vanao constitute a uniform security instrument ovf real
<br />UNI FORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay
<br />when due the principal of, and interest on, the debt evidenced by the Noe and any prepayment charges and ale charges due under
<br />the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security
<br />n3trument for Qi s Security Iy be Ilnst umenirisl U. currency.
<br />to Lenderyunpaid, Lender may other that anyntoreall received equentfpay nenls due under the NDID
<br />and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cashI (b) money order', (c)
<br />certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an instiluuon whose
<br />deposits are insured by a federal agency, ina1rumentaiity, or pi tityl or (d) Electronic Funds Transfer.
<br />Payments are deemed received bdyy Lender when received at the location designated in the Note or at such other location as
<br />in paymen tdif the payment or partial paymeniseare with
<br />nsutfic enotice iprovisions
<br />bring the Section 15 Lender purr nt. Lander may return E
<br />any payment err partial
<br />payment Insuiflaent to bring the Loan current, without waiver of any sguch pa menu at the t'meosuchlpaymhenis arse tee eutedP
<br />yment
<br />or partial payments in the future, but Lentler is not obligated to apply y
<br />Periodic Payment is applied as of its schedulepd due ate, then Lender need not pay interest on unapplied funds. Len er may hold
<br />per ode( Pmle.dLender shall) either apply such funds ortre um llrem to Burr wersrli nett applietl earlier, sucha ands witlhbe applied to tithe
<br />outstanding principal balance under the Neta Immediately prior to foreclosure. No Dlfsel or claim which Borrower might have now or
<br />in the future against Lender shall relieve Borrower from making payments due under the Nate and this Securely Instrument or
<br />pedorrning the covenants and agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except gays otherwise described in this Section 2, all payments accepted and
<br />(c)pamounts dodo under Sec Pon 3 IrSuchfpoaymems shall be appl'loo tot etachsPer odic Paymenloi tithe orderlin hick it became
<br />e du.
<br />Any remaining amounts shall be applied its to late charges, second to any other amounts due under ihls Security Instrument, and
<br />then to reduce the principal balance of the Note.
<br />It Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any
<br />late charge duo, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is
<br />outstanding. Lender may apply any payment received from Borrower to the repayment of the Periodic Payments ii, and to the extent
<br />that, each payment can be paid in full. To the extent that any excess exists after the Voluntary prepayments Amen sl shall be ppl applied first to any
<br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary p p Y
<br />prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal duo under the Note shall not extend
<br />one th
<br />or postpe due date, or change the amount, of the Periodic Payments. until the
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note,
<br />Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due for (a) taxes )a)nd assessments and other items which
<br />can attain priority over this premiums for an eatndsall insurance encumbrance
<br />requlred by t ends, under(b=tloo 5, an (d) MortgagenInsurtance
<br />the Propedy, 'I any) O p
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums In accordance the term of the L a
<br />Lendter may esquire of that Section
<br />ommunity are called "Escrow
<br />Fees, and items " At
<br />Assessments, if any be escrowed by Borrrrower, and such dues,
<br />with rush to fees and ions ss owes shall pay Lender iho tem gir Escrow Ito s mess Lorder waves Borlrowerrs obligation tos pay bthe Fur ds for
<br />any or all FRI Items Lender may waive Borrower's obligation to pay to Lender Funds for any a all Escrow Itepayable. ms al any time, My
<br />such waiver may ono(, be in writing. In the event of such waiver, Borrower shall pay directly when and where hll rnlsh m Lender
<br />h ax Juo for any Escrow (tempsp for which pKayment of Funds has been waived by Lender and, A Lender requires, shall as the re anor �Lor
<br />to provide recolpts shall fora puryoses be deemed to pride a covonantaand agreement ontaine Ite this Se y' p r u um tit, l., and it pi such proo,
<br />phrase "covenant and agreement' Is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, n at and Borrower shall then behoblimoun uodero5e lion 9l0 rlepay to ondS any such nd upon so. may revoke the waiver as to any orrowers
<br />or all Escrow Items at are time by a notice given in acoordano. with Secuon 15 and, upon such revocation, Borrower shall pay to Fain c Lender all Funds, and in such amounts, that are then required under this Section 3. n w" In suc Lender may at anend b nolelo excehd tlhe maximum amount zalendefr can requere untler RESPAPpLender shall esfimatei the
<br />speoifled under ESP A, ( ) Fund a'
<br />ao�ount of Funds due on the basis of current data and reasonable estimates of expendlluros of future Escrow Items er olherwl
<br />Ord with Applicable I�w.
<br />FORM 3aze E�mi a,a.z mTp.yut e-
<br />AASKA�ingm1.1U1Fm iadFaldOi. Mec UNIFORM INSTRUMENT
<br />II. 1 11
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