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200203473 TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender. (f) 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 this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the ..................... . _.. ..... County.. . ........... ............... ......... of (Type of Recording Jurr,dictiod . SufNA Guunly Register oLP. eeda ..... ........................................... _...: Nerf of Been .ung dmisJlcfmnl LOT ONE (i), JAMES RILEY SUBDIVISION, HALL COUNTY, NEBRASKA which currently has the address of ...... . al—il ..S,H.F,I,TQN .......................... Nebraska ..... RWR ... ................ ( "Property Address "): [City] Izip metal TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covemd by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property. " BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to gran[ and convey the Properly and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property agaiust all claims and demands, subject to any encumbrances of mcurd. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with Limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Leader covcnan and agree as follows: 1. Payment of Print ©pal, Interest, Escrow Items, Prepayment Charges, and Este Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any preppayment rharges 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 Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned n Leader unpaid, Lender may require that any of all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender (a) cash{ (b) money order, (c) certified check, bank check, Vessurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entry; 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 We Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejaaicc lu 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. If each Periodic Payment is applied as of its scheduled due date, then Tender need not pay interest on unappfied funds. Leader may hold such uuapplied funds until Borrower gmakes payment to bring the Loan current If Borrower does not do so within a reasonable period of time, Lender shalt 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 Leader shall relieve Borrower from making payment due under the Note and this Security Instmencn or preforming the covenants and 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 to the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in (lie order in which it became duc. 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. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to true delinquent payment and the late charge. Tf more than one Periodic payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic PaymenU if, and to die extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such execs may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note_ Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or chnnge the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts clue for: (a) taxes and 'assessments and other items which can attain priority over this Security Instrument as a lien of encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and ail insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any suns payable by Borrower to Lender in lien of the payment of Mortgage Imocirwe premiums in accordance with the provisions of Section 10. These daubs are called "Escrow Items." At origination or at any tune during the term of the loan, Lender may, require that Community Association Dues, Fccs, and Assessments, if any, be escrowed by Borrower, and such does, fees and asseasments shall be an Escrow Item. Borrower shall promptly furnish to Leader ail unuces of amount., to be paid under this Section. Borrower shall pay Tender the Funds for Escrow Items urdess Leader waive, Roriewer's obligation to pay the Ihrnds for any or all Escrow Ittems. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items of any time Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall famish to Tender receipts evidencing such payment within such time period as Lender may requires Borrower's obligating to make such payments and In provide receipts shall for all purposes be deemed to be a covenant and agreement continued in this Security Instrument, as mite phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Imam directly, pursuant to a waiver, and Borrower NEBRASKA— Single Fer ity—Ponnie MeelFmddie Al UNIFORM INSTRUMENT // ran 3029,110)1 Fank.a Sy, m".. St Cwm. MN I rm Me i NE arnrzor, rf^Be IOJOnaBeff _ _ 1