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200305866
<br />or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers wall requirements
<br />and restrictions that we imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a
<br />"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title on the Property, whether r not that party has
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<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
<br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note.
<br />For this purpose, Borrower irrevocably grants and conveys to Trustee, intrust, with power of sale, the following described
<br />property located in the County of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Lot Twenty -four (24) and a tract of land comprising a part of Lot Twenty -three (23), More particularly
<br />described as follows: Beginning at the southeast corner of said Lot Twenty-three (23), thence westerly, along
<br />and upon the south line of said Lot Twenty -three (23), a distance of One Hundred Fifty -two and Thirty -nine
<br />(152.39) feet to the northwest corner of Lot Twenty-four (24), Hidden Lakes Subdivision Number Four;
<br />thence deflecting right 173019'15" and running easterly, a distance of One Hundred Forty -eight and Twenty
<br />Seven Hundredths (148.27) feet to a point on the east line of said Lot Twenty -three (23), said point also begin
<br />a point on a curve; thence southerly, along and upon the east line of said Lot Twenty -three (23) and also
<br />being along and upon the are of a curve to the left whose radius in 170 feet, a distance of Eighteen and One
<br />Hundreths (18.01) feet (long chord distance 18.00' -long chord deflects right 80 °07'00" from the previously
<br />described course) to the point of beginning, all in Hidden Lakes Subdivision Number Four, Hall County,
<br />Nebraska.
<br />which currently has the address of 226 Lakeside Drive
<br />[Street]
<br />Grand Island ,Nebraska 68801 ( "Property Address "):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part ofthe property. All replacements and additions shall also be covered by
<br />this Security Instrument. All ofthe foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COV ENAN'I S that Borrower is lawfully seized ofthe estate hereby conveyed and has Ole right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of
<br />record.
<br />PHIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations byjurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paymentof Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />paywhen due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency. However, ifany check or other instrument received by Lender
<br />as payment under the Note or this Security Instrument is returned to lender unpaid, Lender may require that any or all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as
<br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment ifthe payment or partial payments are insufficient to bring the Loan current. Lendermayaccept
<br />any Payment or partlal payment insufficient to bring the Loan current, without waiver of nghN hereunder ar pm3udv:e m
<br />its nghts to refuse such payment or partial payments m the future, but Lender is no[ obligated to apply such payments a[ the
<br />time such payments are accepted. Ifeach Penodtc Payment is applied as ofifs scheduled due date, then Lender neednn[pay
<br />interest on unapplied funds. Lender may hold such unapplied funds until BorrowerI akespaynrentto bring the Lao current
<br />If Borrower ddoes not do so within a reasonable period of time, Lender shall either apply such funds or remm them to
<br />Borrower. ifnat applied earlier, such funds wdl be app lied to the outstanding principal balance under the Note immediately
<br />poor to foreclosure. No offset or claim which Borrower anrI have now or in the future against Lender shall relieve
<br />Borrower from making payments due under the Notc and this Security Instrument or performing the covenants and
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />(b) rincipal due under tL Note; (c)amounts due under Section 3. Such payments shall be applied to each Periodic Payment
<br />in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other
<br />amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />N'F.BRASKA-- Sin6le Family -F.mr. Mae /Freddie Mae UNIFORM INSTROMENT Form30311 1/01 (page2oj8poges)
<br />9754( V(1 102) 1694876
<br />WTO,'000461l)
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