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200200753 <br />in the COUNTY of HALL <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction] <br />LOT EIGHT (8), BLOCK ONE (1) IN PARKHILL SUBDIVISION, AN <br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA <br />which currently has the address of 2528 WEST JOHN ST <br />[ Street] <br />GRAND ISLAND , Nebraska 68803 ( "Property Address "): <br />[City] [Zip Code] <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and <br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this <br />Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed <br />and has the right to grant and convey the Property and that the Property is unencumbered, except for <br />encumbrances of record. Borrower warrants and will defend generally the title to the Property against <br />all claims and demands, subject to any encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non- <br />uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument <br />covering real property. <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late <br />Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the <br />Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds <br />for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument <br />shall be made in U.S. currency. However, if any check or other instrument received by Lender as <br />payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require <br />that any or all subsequent payments due under the Note and this Security Instrument be made in one <br />or more of the following forms, as selected by Lender: (a) cash, (b) money order; (c) certified check, <br />bank check, treasurer's check or cashier's check, provided any such check is drawn upon an <br />institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic <br />Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in the Note <br />or at such other location as may be designated by Lender in accordance with the notice provisions <br />in Section 15. Lender may return any payment or partial payment if the payment or partial payments <br />are insufficient to bring the Loan current. Lender may accept any payment or partial payment <br />insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights <br />to refuse such payment or partial payments in the future, but Lender is not obligated to apply such <br />payments at the time such payments are accepted. If each Periodic Payment is applied as of its <br />scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such <br />unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do <br />so within a reasonable period of time, Lender shall either apply such funds or return them to <br />Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under <br />NEBRASKA— Single Family — Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 (page 3 oj14 pages) <br />ALE NE42 11/00 LOAN ID: 00967827 <br />Int S if <br />