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200200738 or regulation that governs the same subject matter. As used in Ili is Security Instrument, "RESPA" refers to all requircmenls and restrictions that are imposed in regard to a °federally 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 anyperty first has taken title to the Property, whether turner that p rryhas assumed Borrower's obligations under the Note and/or this Security Instrumenm, . TRANSFER 01; RIGHTS IN THE PROPERTY This Security Instrument secures to Lender if) the repayment ofthe 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 Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, intrust, with power ofsale, the following described property located in the Count _ of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Eighteen (18), Former View Subdivision in the City of Grand Island, Hall County, Nebraska. which currently bus the address of919 East Nebraska Ave _.. [Street] Grand Island Nebraska 68801 ( "Property Address'): _ [City] -. - [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the properly, and all easements, appurtenances, and fixtures now or hereaftera part ofthe property. All replacements and adduretsshall also be evvetedby this Security instrument All ofthe foregoing is referred to in this Security Instrument as the "Property." BORROWER COV ENAN'I'S that Borrower is lawfully seized ofthe 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 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. Bon'ower and under covenant and agree as follows: 1. Payment of Principal, Interest, Escrow It ems, Prepayment Charges, and Late Charges. Borrowcrshall pay when due the principal of, and interest on, the debt evidenced by the Note and anyprepaymenl charges and late charges due under Reticle. Borrower shall also pay funds for Escrow Items pursuant to Section 1 Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instm acrit 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 this Security Instrument be made in one or more ofthe following forms, as selected by Lender (a) cash; (b) money order, (c) certified check, bank check n'easurer's check or cashier's check, provided any such chuck 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 Lender when received at the location designated in the Note or at such other location as may be denigrated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment ifthe payment or partial payments are asufficient to bring the Loan current Lander mayaccept any payrnerit or partial payment it s iflic ent to bring the Loan Current, without waiver ofanyi iphis hereunder or prejudice to its rights' to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted Ifeach Periodic Payateatis applied as ofits scheduled due date, then 1. endernecdnotpay i merest on imapp lied funds. Leader may hold such reapplied funds anti l Borrower makes payment to bting the Loan can'ent If Borrower does not do so within a reasonable period of timg Lender shall either apply such funds or return them to Borrower. Knot applied earlier, such funds will bearybed totheoutst andingprinceal balance tinder the No teimmedistely prior to fcleciosure. No offset or claim which Borrower might have now or in the future against Leader shall relieve Borrower m from making payments due under the Note and this Security bnstmment cr performing file covenants and agreements secured by this Security hnSuarCot. 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) mteresl due under the Note; Hit pi inci al dueundei the Note;(e) amounts due wider Section 3. Stich payments shall be appliedtoeach Periodic Payment in the order in which it became one Any remaining amounts shall he applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce theprincipal balance ofthe Note. NEBRASKA - Singl eFamily -- Fannie MaNFre(laie Mac UNIFORM INSTRUMENT Porni 1/01 (page 2nfti pages) 97s4 . CV (2,01) 111110 coro(foo l s [It)