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200206453
<br />or regulation that governs the same subject mater. As used in this Security Instrument, "RES PA" refers to all requireale fts
<br />and restrictions that are imposed in regard to a `federally related mortgage loan" even if the Loan does not qualify as a
<br />"federally related mortgage loan" under RLSPA.
<br />(Q) "Successor in Interest of Borrower" means any parry that has taken title to the Property, whether or not that parry has
<br />assumed Borrower's ohligations under the Nole and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PRCIPERI'Y
<br />This Security Ins Iren enl secures to Lender (t) Poe repayment ofthe Loan, and all renewals, extensions and modifications of
<br />the Note; and (it) the performance of Part cover 's covenants and agreements under this Security Instrument and the Note.
<br />Por this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the County of Hall
<br />['Type of Recording J unsdiction] [Name of Recording Jurisdiction]
<br />Apart of the Southeast Quarter of the Northwest Quarter (SEI /4 NWI /4) of Section Twenty One (21), in
<br />Township Eleven (11) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska, more
<br />particularly described as follows, to -wit: Beginning at a point on the East property line of the County Road
<br />which is located on the approximate North South center line of the South half of the Northwest Quarter
<br />(Sl /2 N W 1/4) of said Section Twenty One (21), said point being 167.8 feet South of the intersection of the
<br />East property line of said County Road with the South line of Anna Street, in the City of Grand Island,
<br />Nebraska; thence proceeding in a northeasterly direction, parallel with the South line of Anna Strel, a
<br />distance of 189.3 feet; thence 90 degrees right, proceeding in a southeasterly direction a distance of 127 feet;
<br />thence 90 degrees right, proceeding in a southwesterly direction, parallel with the South line of Anna Street,
<br />a distance of 257.2 feet to a point on the Fast properly line of said County Road; thence in a Northerly
<br />direction, along the East properly line of said County Road, a distance of 144 feet, to the point of beginning.
<br />which currently has the address of 717 S. Harrison
<br />[Street]
<br />Grand Island. _ , Nebraska 68803 ( "Property Address "):
<br />jCily] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected an the property, and all casermats,
<br />appurtenances, and fixtures newer hereafter a part of the property- All replacements and additions shall also be covered by
<br />this Security Instrument All offs e foregoing is referred in in this Security Instrument as the "Properly."
<br />BORROWER COVENANTS that Borrower is lawfully seized ofthe estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of
<br />record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants formational use and non- uniform covenants with
<br />limited variations byjurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late
<br />due the principal of, and interest on, the debt evidenced by the Note and any prepayment
<br />and this Secunty Instrument shall be made in U.S. currency. however, it any check or otherinstrument received by Leader
<br />as payment under the Note or this Security Instrument is resumed to Leader unpaid, Lender may require that any or all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more ofthe following forms, as
<br />selected by Lander (a) cuslr (b) money order, (e) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, 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 at such other
<br />location as may be designated by Grader in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment it thepayment orpartial payments are insufficient to bring the Loan current Lender mayaccept
<br />any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to
<br />its rights to refuse such payment or partial payments in the Apure, but Lender is not obligated to apply such payments at the
<br />time such payments are accepted. Ifeach Periodic Payment is applied as ofits scheduled due date, then Lender nccdnotpay
<br />interest on unapplied Ponds. Lender may hold such unapplied funds until Borrower makes payment to bring the Lome 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. Knot applied earlier, such funds will 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 Iznder shall relieve
<br />Borrower front nicking payments due under the Note and this Security Instrument or performing the covenants and
<br />agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />(b) principal due under the Note; (c) amounts due under Section 3. Suclh payments shall be applied to each Periodic Payment
<br />in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other
<br />amounts due under this Security Instrument, and then to reduce the principal balance ofthe Note.
<br />NEBRASKA-- Singlc family -- Fannie) Mann-e00ie Mac UN IFORM ITS 'I KU M ENI Form3028 1101 (y,ge?uffip„grs)
<br />,7",,('c2) 1,I161.
<br />(IOTO(0e02374q
<br />
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