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204203381 or regulation that governs the same subject matter. As used in this Security Instrument. "RESPA" r6i xs to all requirements and restrictions that are imposed in regard to a `'federally related mortgage loan" even if the Loan does not quaiify as a ,'federally related loan' under kZSPA. (Q) `Successor in Interest of BorroNvet" means any party that has taken title to the Property, whether or not that party has assumed Borrowet's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGI3 'S IN THE PROPER'T'Y This Security Instrument secures to Lender: (i) the repayment of the 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 th.:s purpose, Borrower irrevocably grants and conveys to Tr:stee, 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 11, Geer Subdivision, Mall County, Grand Island, Nebraska. which currentiv has the address of Grand Island [City] ►1=Iti1 Nebraska 68801 [:Zip Code] [Street] (''Property Address"): TOGF.'i'I ER WITI+, all the improvements no%., or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is wferred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawtuliyseizea 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 1;enerally the bile to the Property against all claims and demands, subject to any encumbrances of record. "1'I1iS 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. Borrower and Lender covenant and agree, " 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 due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Sec:'.rity Instrument.hall be made in U.S. currency. However, if any check or other instrument received by Lender its 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 of the following forms, as selected by Under: (a) cash; (b) money order: (c) certified check, bank check, treasurer's check or cashier's check, provided any such cheek 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 designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender mayaccept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is no; obligated to applysuch payments at the time such payments are accepted. It each Periodic Payment is applied its of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower h-om making payments due under the Note and this Security Instrumen( or performing the covenants anu agreements secured by this Security Instrument. 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) interest due under the Note; (h) principal due under the Note; (c) amount~ due under Section 3. Such payments shall be applied to each Periodic Payment in the c.der in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NEtilt Mac UNIFORNI 1NS'rtttlNtl"N'T Form X028 1161 (page r i fS pages) ,54C, � ;1150,.1 Go ro( 0001 L'Ktw ;;