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200200612
<br />or regulation that guvems the same subject matter As ..din this Severity Instrument, "RESPA "refers to all requirements
<br />and restrictions that are imposed in regard to n "federally relined mm gage loan" even T the Loan doe, 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 lathe Property, whether or not that parry has
<br />assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTI'
<br />This Security Instrument secures to Lender. (1) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Nole; and (ti) the performance of Borrower's covenants and agreements under this Security Instrument and the Noce.
<br />For this purpose, Borrower irrevocably grants end conveys to Trustee, in trust, with pow er ofsale, the following described
<br />properly located in the Can' - of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jul admoonI
<br />Lot Six (6), Block Three (3), Lake Davis Acres Subdivision, Hall County, Nebraska.
<br />which correntlyhe, lire address of,1619 Bismark -
<br />[Street]
<br />Grand Island ,Nebraska 68801 _( "Pro perty Address ") -
<br />- - [City] [Zip Code]
<br />TOGETHER WITH sll the improvements now or hereafter ercdcd on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by
<br />this Security Instrument- All o(lhe foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENAN "I'S that Burrower is lawfully seized ofthe estate her eby encumbrances od and hats the right to
<br />grant and convey the Property and that the Property is unencumbered, p 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 />THIS SECURITY INSTRUMENT combines unifom covenants for national use and non -uodrn m traversals with
<br />limited variations by j out sdietion to consti tutu a uniform secui ity instrument covering real properly.
<br />UNIFORM COVENANTS. Borrower and lender covenant and agree as follows:
<br />1. Paymenroff'rincipal, Inlerest,Eser"It ems, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and hill est on, the debt evidenced by the Nate and any prepayment charges and late charges
<br />due under the Note- Borrower shall also pay fiords for Escrow Items pursuant to Section 3. Payments due under the Note
<br />and this Securitylnstmmen[ahall bcntadein U. S.currency. However, ifanychced <,orotherinstinmealloweivedby Lender
<br />is payment under the Note or this Security Instrument is rehnmed to Lender unpaid, Lcndeh' may require that any ar all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more of the helLowing forms, as
<br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank chock. treasurer's check or cashier's check,
<br />provided any such check is drown 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 Notc or at such other
<br />location as may be designated by Lender in i ccordnce with the notice provisions in Section 15, Lender may return anv
<br />paymemor partial payinentifthe paymcntor partnd paynhena are msulfcent to lann,lic Loa enh. Li,infiti nayaeccpn
<br />any payment or partial payment insufficient to bring the Loan con real, , without veal w Ofany rights hucunde, or plquwt eto
<br />its rights to rehnse such payment orpuillal payments in the future, but Lender' is not obligated m apply such pucments at the
<br />lime such payments are accepted. If each Periodic Payment is applied as of its scheduled due dale, then I .ender need not puy
<br />interestonunappliedhrnds. Lender may hold such anapp l led funds Lin It l Borrower ma kes payment to bring the Loan chuncut.
<br />If Bon'awcr does not do an within a reasonable period of lime, Lender shall either apply such funds ar return them m
<br />Borrower. Ifnot applied earlier, such funds will be applied to the outstanding principal bulance under the Note immediately
<br />prior to foreclosure. No offset or claim which But might have now or in the fierce against Lender shall relieve
<br />Borrower from making paMenls due under the Note and this Security has lnunent or performing the covenants and
<br />agreements secured by this Security Instrument,
<br />2. Application of Payments or Proceeds. Except as otherwise described is 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) principal due under the Note: (a) amounts due under Section3 S Lich payments shall beappledroeach Pcriedic Payment
<br />in the order m which it became due. Any remaining amounts s'fall be applied first to late charges; second to any otlner
<br />amounts due under this Security Instrument, and then to reduce the principal balance ofthe Note.
<br />NF,RRASKA- Single trinity- Faanie vinsIn eddiv Mac IINIFORNI INS I'RLIMFNT Farrn1028 1101 (pagelof6ylge11
<br />9]0.CVWIM) 01"ia,
<br />OOTOI 00n 1 6AJn1
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