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200200623 or regulation that governs the same subject matter. As used in this Security Instrument,' RESPA" refers to all requirements and restrictions that are imposed in regard to a le knally 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 that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument sections to Lender: (I)theiepayment oflhe 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 Not.. 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 Seven (7), Kenmar Subdivision, in the City of Grand Island, Hail County, Nebraska. which currently has the address of 29 ur Pioneer Diva. —_ [Sheet] Grand Island _ _ , Nebraska 6880 ("Property Address ")' [City] [Zip Code] TOGETHER WIT14 all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now m hereafter a Part of the peopetty. All replacements and ad pions shall also he c.veredby 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 and will defend generally the title to the It 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 I imiled variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges er due und the Note. Borrower shall also pay thuds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall he made in U.S. currency. However, if any cheek or other instrument received by Lender as payment under the Note of this Security Instrument is returned 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 o the following forms, as selected by Linda; (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 fender when received at the location designated in the Note or at such other location as may he designated by Lender in accordance with the notice provisions in Section 15. lender may return any payment or partial payment if (tie payment or partial payments ate insufficient to bring the Loan Cut I cut. Lendermayaceept any payment or partial payment insufficient to bring the I nan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the tonne, but Lender is not obligated to apply such payments at the time such payments are accepted. It each Periodic Payment is applied as of its scheduled due date, then I ender need not pay intcrcetonunipplied Ponds. Lender may hold such unappl ied funds until Bon'ower makes payment to bring the Loan cumcnt. It Borrower does not do so within treasonable period Of time, Sender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding la incipal balance undo the Note immediately prior to foreclosure. No offset or claim which Burrower might have now Or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or pcifonnurg the covenant, and agreements secured by this Security Lnshu near. 2. Application of Payments or Proceeds. Except as otherwise described in this Seehon 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) princpal due under the Note; (c) amounts due mider Section 3. Such payments shall be applied to each Periodic Payment m the order in which it became due- Any remaining amounts shall be applied fast to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NEBRASKA -Sanc Family Fannie MaeT,ddie Mau UNIFORM INSTRUMENT Form 3028 llm(page 2 y /Ajvse.,) 9754 CV ryo11 611382 GOT0100015afi