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200207687 LOAN #. 625339607 (1) "Applicable Law" means allcontrolling applicablefederal , slate and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments andothercharges that are imposed on Borrower or lire Property by a condominium association, homeowners association or similar organisation. (1Q "Electronic Funds Transfer" means any transfer of funds, other than a transaction originatedby check, draft, or sirtularpaper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initialed by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paidby any third party (other than insurance proceeds paid under the coverages described in Scction 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (u) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X (24 C.N.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. 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 Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title tothe Property, whetheror muthat party has assumed Borrower's obligations under the Note and/or this Security Instrument.. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment ofthe Loan, and all renewals, extensions and modifications of the Note; and (pi) 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 Imst, with power of sale, the following described property located in the COUNTY [Type afRc -riling Juredic ion] of HALL [Name of Recording Jurisdiction]: SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF. which currently has the address of 2639 ST. PATRICK, GRAND ISLAND, (dicer] ]cayl Nebraska 68803 ( "Properly Address"): (Zip Cade] TOGETHER WITH all the improvements now or hcrcaRcr erected on the property, and all easements, appurtenances, and fixtures newer hereafter a part of the properly. All replacements and additions shall also be coveredby this Security Instrument All of the foregoing is referred to in this Security instrument as the "Property." BORROWERCOVENANTS that Borrovewis lawfully seized oflite estate hereby conveyed mndlas the right to grant andconvcy the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properly against all claims and demands, subject to any encumbrances of record. TI-BS 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 Lender covenant and agree as follows: 1. Payment of Principal, Inte rest, Escrow Items, Prepayment Charges, and Late Charger. Borrower shall pay when due the principal of, and interest on, the debt evidenced by lire Note and any prepayment charges mid late charges due wider the Note. Borrower shall also pay funds for Escrow being purstant 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 wider the Note or this Security Inslmment is returned to Lender unpaid, Lender may require that any or all subsequent payments due Under the Note and this Security Inslmment be made in one or more of the following fornns, as sciceledby Lender: (a) cash; (b) money order; (c) cerlifrod check, bank check, treasurer's check or casbier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Fonds 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 may accept 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 riot obligated to apply such payments at the time such payments are accepted. If each Periodic NEBRASKA Single Family— Fennie Me rMdie Mac UNIFORM INSTRUMENT Initials. Form 30381101 Page 2 of 8 N UDEED