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200206897 or regulation that governs the same Subject matter. As used in this Security Ins trunnion, RESPA" refers to al I requirements and restrictions that are imposed in regard to a "federally rotated mortgage loan" even if the Lean does not qualify as a "federally related mortgage torn" under RFSPA. (Q) "Successorin Interest of Borrower" means any pwtythat has taken title to the Property, whether or not deapartyha assumed Borrower's obligadnns under the Note audlor this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY 1 his Security instrumnnsecuresm Lender: (i) the repayment of the Iran, and all renewals, extensions and modlfleadonsof the Nate; anti Iii) the performance of Borrower's covenant and agreements under this Security Instrument and the Note. For this purpose, Borrower iaevoca sty grants and conveys to Tneltr. in to t, with power ofrale, the followingdcmribcd property leaned in the County of hall [Type ofRacerding Jurisdiction] INameof Recordinglnrisdidionl Lot Five (5), in Block Fourteen (14), in Gilbert's Addition to the City of Grand Island, hall County, Nebraska. which currently has the address of 823 W 13th ISviceq Grand Island ,Nebrwka(8801 ( "Property Address'I [City] [Zip Code] 'I'OGE'I'fER WI'LLi all the improvements now or hereater erected on the property, and all Statements, appurtenances, and fixtures now or heleafiera panoftheproperty All replacements and add tioaa shall also be covered by thus Security instrument All ofncc foregoing is referred to in this Secants, Instrument as the Property." BORROWER COVENANTS that Borrower is lawfully mead of the estate hereby conveyed and has tine right to grant and convsg the Progeny and that the Property is unencumbered n except for encumbrances of recoul Boawer itano and will defend generally the tite to the Property against all claims and demands, subject to any encumbrances of record '11BS SEC'GREi INSTRUNIENT combines uniform covenants for national use and war -unif n he covuury with united variations hymnesdichum to constitute a uniform security instrument covering real property. as payment under the Note or this Security Instrument ra rdurned 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 India, as aulccud by render: (a) cash: (b) money order: (c) caNfied check, bank check. treasurer's crack or cashier's check, provided any Such check is drown upon an institution whose deposits are insured by afederal agency, Instrumentality, or entio, or (d) FJedronic Funds Transfer. Payments are deemed never van by Tcndcr when received at the location designated in the Note or at such other location as may he best grated by larder In water dancc with me notice provisions in Section 1.5. Cancer may robin n any paynhentor partial payment it the payment or partial payments we insufficient to bring me Lose current Lender maywarept any payment or partial payment insufficient to bring the Loan current, whhoul waiver at rights hereunder or p juriceto print to tumclasum. No offset or chum which xorrowar might have now or in the luhtre agamst Leader shall relieve Borrower from making payments due under the Note and this Security Cnumment or pert nning 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 applied I shall b applied ' the following ode of p l . O' t ;t due d the Note; )pdLd y amounts d d Sects aptrspedt hPet - ednyr 'nthc or ca which it Erosion duc.A y remaining amounts shall be pp ledfit tollateharg s, second to any other amounts due under this Security Instrument, and than to reduce the principal balance of the Note - NE ILVSKIi SLw1aliana,— kannle Mae/FreMle Mar UNTFOFbI1N5TRITTENT Fm'm30E8 101 tvnse2,JAyuye,l 9144 Cc (I Ass M 1511