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200304989 or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers wall requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even ifthe 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 Now and/or this Security Instrument. TRANSFER OP RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (I) the repayment of the Loan, and all renewals, extensions and modifications of the Nate; 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 Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Five (5), in Block Sixty -Five (65), in Wheeler and Bennett's Second Addition to the City of Grand Island, hall County, Nebraska. which currently has the address of 1219 N Vine St [Street] Grand Island , Nebraska 68801 ( "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 of the property. All replacements and additions shall also be 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 warrants mid 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 byjurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower mid Lender covenant and agree as follows: 1. PaymentofPrincipa1, Interest, Escrow Items, Prepayment Charges, and late Charges. Borrower shall pay when due the principal of and ioleresl on, the debt evidenced by the 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 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 Ih1s Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) cer[ifted 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 emity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location d ected in the Note or at such other location as may be designated by Lender in accordance with [he notice provisions in o Secttion 15. current. Le may return any payment or partial payment ifthe payment or partial payments a treat, without waiver ivero a yrig current Lender mayacceto anypaymcmlor partial payment iivsufficient to bring the Loan current, without waiverof obligated hereunder y prejudice ents ttto its tights to refuse such payment or ppartial payments in the future, but Lender is not obligated to apply such payments at the time such payments arc m:ecpted. Ifcaeh Periodic Payment is applied as Bits scheduled due date, then Lender need not pay of interest on unapplied funds. lender may hold such unapplied funds until Borrower makes ysuch[fubrsorrethan current. If Rorrower does not do so within a reasonable period of time, Lender shall either apply such funds or return [hem to Borrower. Ifnot applied earlier, such funds will be applied W the outstanding princippal balance under the Note immediately prior to fireclnsure. No offset or claim which Borrower might have now or in the future a ainst Lender shall relieve Borrower from making Payments due under the Note and this Security Instrument or per 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: (a) interest due under the Note; (b) principal due under the Note; (e) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first W late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NEBRASKA- Singlc Family- k'annie Mee /Fivikik Maa UNIFORM INSTRUMENT Form3028 I /01 (page2oj8pages) 9754 CV (1/02) 1686658 eorequmadoes)