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200200760
<br />or regulation that governs the same subject matter_ As used in this Secw itylostrument. "RESPA" refers to all requirements
<br />and restrictions that are imposed in regard to a °federally related mortgage loan" even it the Loan does 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 to the parlor rly, whether or not thw party has
<br />assumed Borrower's obligations undel' the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN HE PROPERTY
<br />This Securityinstrmnentsecureslo Lamder: n) the repayment ofthe LOam and all renewals, extensions and modifications of
<br />the Note: and (it) the performance of Borrower's covenants and agreements under this Security Instrument and the Nom,
<br />Far this purpose- Bnrrower in'evocnhly grants and conve, to Trustee. in it List, with power of safe. the following described
<br />property located in the County __ of Hall _
<br />I I'ype of Recording Jandiction] [Name of Retarding Jul sdicoon]
<br />The Westerly Thirty Nine an dOne Half (391/2) feel of Lot Three (3), Block One Hundred 'Twenty Two
<br />(122), in Koenig & Wicbe's Addition to the City of Grand Island, Ila6 County, Nebraska.
<br />which ankentlylla, the addressofl015 W.1stSit. -
<br />[Street]
<br />Grand pointed , Nebraska 68801 ( "Property Address "):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected 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 of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVEN ANTS that Pon nwer is lawfully seized of the estate hereby conveyed and has the right to
<br />grunt and convey the Property and that the Property is unencumbered, except for encumbrances of record- Borrower
<br />warrams and will defend gencrndy the title to the Papally against all claims and demands, subject to any encumbrances of
<br />record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and am -oil foam covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument coven Lie real property.
<br />UNIFORM COVENANTS- Borrower and Lender covenant rind agree as follows.
<br />1. Payment of Principal, Interest Eserowllenrs, Prepayment C ner
<br />harges, and late Charges. Bonw shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Nou. Ban'ower shrill also pay funds for I scrow hems pursuant m S'edion 3. Payments due under the Note
<br />and this Seoul it I moume [It dial l be made i n U.S. cut rency.11owevc r ins
<br />r,if any check of othetrument received by lender
<br />as payment under the Note or this Security In III mmcnt is returned to Lendcr unpaid, lender may require that any or all
<br />subsequent ppayments due under the Note and this Security Instrument be made in m
<br />one of ore of the following for ms. as
<br />selected by wider (a) cash: (b) money order. (c) certified check, bank check treasurer's check or enshier's check,
<br />mo,,,bd am such check is drawn upon an n,uninon whose deposits are insured by a federal agence nrtruaientahty, or
<br />entity: or (d) Flcabonic Funds Transtcr. _
<br />Payments in , deemed received by Lender when received at the location designated In the Note of at such other
<br />location as nay be decimated by Lender in accordance with the notice provisions In Section I5. Lender any return any
<br />payment or plural payment 'fine payment or partial payments are lns"micuot m bring the Loan current Fanciful n rayaccept
<br />any payment or partial payment insufficient to brina the) can current, without waiver of any rights hereunder or prejudice to
<br />its rights to repose such payment of partial payments In thefuttire, but Lender is not obligated to apply such payments at the
<br />time such paymentsare occupied, If each Periodic Payment is applied as offs scheduled due date, then Lender neednotpay,
<br />interest on unapplied funds- Lender may hold such unapplied funds until But makes payment to bring the [cute current
<br />If Borrower does not do 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 he 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 />Bon'ower from making payments due under the Note and this Securhy Instrument or performing the covenants and
<br />agreement, secured by this Security Instrumenr
<br />2. Application of Payments or Proceeds. Except as otherwise close; bud in this Section 2, all payments
<br />awe pled and applied by Lender shall he applied in the following order of pi too try '. (a) interest due under the Note,
<br />(b) principal due u m
<br />tinder the Note: (c) amounts due under Section 3. Such payments shall be, applied to each Pei cote Payment
<br />io the ade, is which ii became due- Any remammg amounts shall he applied fuss to Ime chmgas. second to any other
<br />amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />M ,B RASKA- S.iisoFacial- EanlarNtoe/ M
<br />Fokddie ac UNIFORM INSLIUMEN'I Ponm3aas WI IP��g� ^r,JSpogewl
<br />4I51.CVRlop GII398
<br />,or 0 iOOl Gac 1,
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