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200200742
<br />or regulation that governs the %auto subject matter. As used in this Secm'it Instrument, "RF SPA" refers to all requirements
<br />and restrictions that are Imposed in regard ton "federally related mortgage loan' even if the Loan does not quality Asa
<br />"federally related mortgage loon" under RESPA.
<br />(Q) "Successor in Interest of Borrower" meals any party that has taken title to the Property, whether in (hat party has
<br />assumed Borrower's obligations under the None and /or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to I crideri (i) the repayment of the Loan, and all renewals, exlens ions and modifications of
<br />the Note', and (ii) the perform nice of Borrower's covenants and agreements under this Security Instrument and the None.
<br />For this purpose. Bon mver irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />properly located in fire Count- _— _ ----.at flail
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Lot Seven (7), Block One (1), Island Acres Number Two (2), an Addition to the City of Grand Leland, Hall
<br />County, Nebraska,
<br />which currentlyhas the address Of3023 W 14th _ _ __ _.. . —. --
<br />[Street]
<br />Grand island ,Nebraska 68883 ( "Property Address'):
<br />[CUy] [Zip Code)
<br />TOGETHER WITH all We improvements now or hereafter erected On the plop ny and all easements,
<br />appurtenances, and lixhues now or hereafter a part ofthe property, All replacements and additions shall also be covered by
<br />this Security Instrument All ofthe foregoing s referred to is this Security Instrument as the "Property"
<br />BORROW ER COVENANTS that Borrower is lawftdly seized of the estate hereby c- nveyed and has the right to
<br />grant and curvet' the Properly rued that the Property is unenmmtbloed, except for encumbrances of record- Borrower
<br />warrants and will defend generally the title to the Properly against all claims and demands, subject to any encumbrances of
<br />record.
<br />'i'HIS SECURITY INS' I'RUNIENT combines unit-,,,, covenants for national tine and nonunifer a covenants with
<br />limited variations byjurisdiction to constitute a uniform security iustnnnenl covering real property.
<br />UNIFORMCOVENAN'PS. Horrowenmd Lendcrmvcnantandagreeaslollows:
<br />1. Payment ofPrincipal, later eaq Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />Pay when due the principal -C and Interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Bon'ower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the None
<br />and this Security Ins trmnenl shall he made in U.S. currency. However, i fit ny check or other instrument received by Lender
<br />As payment under the Note er this Security Instrument is returned to Loader unpaid, Lender may r, ire that any or all
<br />subsequent payments due under the Note and this Security Instrument he made in one or more of the ollowing forms, as
<br />selected by Lender'. (a) cash; IN money order, (c) certified check, bank check. treasurer's check or cashier's check,
<br />Provided any such check is drawn uprn, an institution whose deposits are insured by a federal agency. im comenlality, 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 of 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 iflhe payment or partial payments are insufficient to bring the Loon current. Loader may accept
<br />any paynion m partial payment insuf iicieat to bring the Loan current, without waiver ofanny rights hereunder or prejudice to
<br />its rights to refute such payment or partial payments in the future, but Lender o not - blighted (o apply such payments at the
<br />time such paymentsereaccepted. If each Pet mdio Payment is applied as o Fits scheduled due date, then Lender need not pay
<br />interest on inapplied Rinds. Lender may, hold suchunapphcd funds until 13uvmmenmlres payment to bring the Loan current.
<br />If Burrower does not do so within to reasonable period of lime, Lcnda' shall either apply such Rinds or return their, to
<br />Lhrrrowe,. If not applied earl lei, such funds wit I be applied to the outstanding principal balance under the Note immediately
<br />prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve
<br />Burrower from making payments due under the Note and this Security Instrument or performing the covenants and
<br />agreenronls seemed by this Security Instnnnent
<br />2. Application of Payments or Proceeds. Exccpl us otherwise described in Ibis Seclmn3, all payments
<br />accepted And applied by Lender shall Ie applied in the following order of priority: (a) interest due under the Note;
<br />(b) pprincipal due nude, the Nete; (c) Amounts due node, Section 3. Such payments shall be applied m each Pe, iodic Payment
<br />In Xel order in which it became due. Any remaining amounts shall be applied first to late charges, second to ally other
<br />Amounts due Linder this 6cavity Instrument, and then to reduce the principal balance ofthe Note.
<br />NEIIRASKA– Single Family- Fnani, Mae /Freddie Mne UNIFORM MSTRL MEN '1' Fm'a3028 1411 (4na8a]glsynge1)
<br />1r54CVr2/01) (III165
<br />WTeta0a l6i %)
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