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200206882 or recreation that governs the same subject mailer. As used In this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Iran does not qualify as a "firdcmlly related multgne loan" under RESPA_ (Q) `Successor in interest of Borrower" means any party that has taken title to the Property, whether or not thatpany has assumed Borrower's obligations under the Note andror this Security Instrument. 11tANSFF.R OF RIGHTS IN TIBS PROPFRTY This Security Instrument secures to Lender: (I) the repayment of the f nap, and all renewals, extensions and mobfications of the Note: and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. Par this purpose, Borrower irrevocably gmnL and conveys to Trustee, in trust with power III sale, fire fellow me described property located l n the County of Hall [Type of Recording lurisdiUlon] [Name of Recording Jurisdiction] Lot'rwenty -two (22),.let1'rey Oaks Sulk Subdis ision, in the City of Grand Island, hall County, Nebraska. which friendly has the address of4106 Manchester Rd _ _ [Strmt] Grand Island _ Nebraska 68803 (•Property, Address "): [City] [Zip Code] TOGECIWR WITH all the Improvements now or hereafter erected on the pproperty, and all casement, appurtenances, and fixtures now or hereafter a pan ofihe property. All replacements and arishav a shall also becoveredby this Securely lnstrumcm All of the foregoing is referred to In this Securrylnstrument as the "Property," BORROW LIT COVENANTS that Borrower Is lawfully seized of the estate hereby conveyed and lips the nghtm grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower rrenlr and will defend panel lly the title to the Property against at l claims and demands, subject to any encumbrances of Ineed. NITS SLCURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations hy]urisdiedon to constitute a uniform security instrument covering real property_ IINI FORM COVLNANTS. Borrower and Lender covenant and agree as follow s: 1. Payment of Principal, Interest, Escrow It ems, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and amy prepayment charges and late charges due under the Nom. Borrower shall also pay hands for Lscmw, Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall he made in U..& amrency. However, If any check or other instrument received by Lender as payment under the Note or this Security Instrument is trimmed to Lender unpaid, lender may require that any or all subsequent payments due under the Nom and this Security Instrument be cede in one or more of the following forme, as selected by l cndne(a) cask @) money order; (e)certified check, bank check, treasurer's check or cashier's check, at any such cheek is drawn upon an instlhit on whose deposits are Insured by a federal agency, instrumenrallty, or entity, or (di Electronic Funds' I'ramsfer Payments are deemed received by Lender when reel .w at the location designated in the Note or at such ether location as any be designated by ].ender In accordance with the notice provisions in .Section G. Icndcr may return any payment or partial payment if the payment r partial payments are insufficient to hri he me Loan current. Le rder mayaccept i teem on ubapplied funds lender may hold such unapplied funds until Borrower makes pa)menttohdngme Inmmurtevt. If llorower does not do no within a ieasooeble period ief time, Undershot either apply such funds or return them to Borrower. If not applied earlier, etu:h funds will be applied to the outstanding principal balance under the Note inmeyeately prior to tormlomre No offset or claim which Borrower might have now or to the bran against lender shall relieve agreements er Trent making et is payments due under the Note and this 9eamly Instrument or perb°rming the rovemm�e and . eccured by this of PayyInts or t. 2. Applied ton of Payments or Proceeds. Except as order iof described in this st due 2, all payments accepted pad applied by icndcnb shall be applied e the following order of is sic I: (a) interest dim under the Nom; (b) principal due underthe Notedu amounts due under Secnts 3,Such payments shall heappliedes,seond to any menr in the or du in which It hecame dud mey remummg amounts shall be ipallnd first m late charges, second to any other antounrs due under this Security kntrument, and then m reduce me principal balance of the Note. NEBIWSKA Single Fa 1l ..Fnmic Mr✓Or dd'ie Mac IINIFOR IINS'IHOMEV't Form3038 1101 gyow2 f6wayavl 5.54`5 wn-0 rtmn.. uvmtwmsweat