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200207719
<br />nr regulation thou g.wem, the some subject mall,,. A., used in this Stearn, I ... burner 1, `RESPA" refers trial I requirements
<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 RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that partyhas
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFI,R Olr RICIIITS IN THE PROPERTY
<br />This Security Instrument secures to tender. (t) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Note; and (ii) the pertormance of Borrower's awmtmds and agreements under this Security Instrument and the Note.
<br />For this purpose, Borrower irrevocihly grants and conveys tu'fl ustee, in trust, with power of sale, the tbllowing described
<br />proper, located in the County ,I hall _
<br />[Typeof Recording Jufisdictionj [Name of Recording Jurisdiction
<br />The West half (W 1/2) of Fractional Lot'l lucre (3), in Fractional Block One Hundred Our (101), in Railroad
<br />Addition to the City of Grand Island, hall County, Nebraska, and its complement, to-wit: Fractional l,at
<br />Three (3), in Fractional Block One Hundred One (101), Koenig and Wiebe's Addition to the City of Grand
<br />Island, hall County, Nebraska.
<br />which currcnlly has [lie address 0[615 W Division
<br />Street
<br />(;rand Island Nebraska 68801 ( "Properly Address "):
<br />— _ [City) [Zip Cudel
<br />TOOE'I'IIER WITH all dtc intprovemenls now or hereal er erected On the property, and all cnscmcnts,
<br />a purtcnauces, and fi.xmres now or hereafter apart of the properly. All YCphecmcnls' and additions shall also be covcre,l by
<br />I lis Security Instrument All Of the foregoing is Telbrred h, in this Security Instrument as the' Property.'
<br />BORROWER COWNAN'I S that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the property, and that the Properly is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the in le Io the Properly against all claims and demands, subject to any emomhranreR of
<br />record.
<br />THIS SECURITY INSTRUMENT wahines uniform covenants for national use and nun- uniform covenants with
<br />limited variations by jurisdictinn to canton Ium a unifann security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and lender covenant and agree as follows:
<br />1. Payment ofd'rincip al, Interest, Rscn,wltems,Prepaymeut Charges, and Late Charges. Bonowersloil
<br />pay when due the principal of, and interest on, the debt evidenced by the Nude and any prepayment charges and late charges
<br />due under the Note. Eurruwer shall also pay funds for Esoow Items pursuant to Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency- I lawever, i f any check ur other instrument received by fender
<br />as payment under the Note or this Security Instrument is returned to Lender unpaid, lender may require that any or all
<br />subxcyucnt payments due render the Note and this Security
<br />unguent be made in unc ur none O the following forms, as
<br />selecml by fonder: (a) cash; (b) money order, (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an instintlion whose ACpnaite are insured by a fcdetal agency, instrumentality, or
<br />cntily; or (d) Reclnmic Funds l'rans[cr.
<br />lyeyanenis arc deemed received by Lender when rccet e n at e p ovision designated in the Node or at such other
<br />location os may he designated by fender in arcuordence with the notice provisions in Section 15. Lender may room any
<br />paymentor partial payment ifthe pnymentorpartial payments a rend, wi too( to bring fa boom ,at
<br />here Lendermayaccept
<br />any hayntenl or parlia paymarl insu[ Gcictd to bring the Lean cu
<br />U. hot without waiverofanyrigh tshereunder yprejudice In
<br />ids rights to refuse such payment or partial payrnenls in the Culuppbut L, took is not uIed due to apply such paymentsot the
<br />time such paymcnls luc au:cpled. [each Periodic Payment is nppldedail Boon ccI makes en Ihcning the Loan current. tprry to f
<br />interest on una� plied funds. lender may hold such unapplicd
<br />THIS undid Borrower hakes apply much to bring the Loan hem t
<br />if Itorrnwer a acs nnl du su wi.11iu a rcasonahle period oi' lime, lender shall either apply such hods or Note them lv
<br />Borrowerenot applied offset such fund swill he applied to lhct havorn now principal balance under the eder shall
<br />�ni0r In r Iron) talking No payments or claim which e O , U a might have now or in the future rformin lender shall is and
<br />orrower from making payments due under the Noic and this Security Instrument or performing the covenants and
<br />agreements secured by this Scculity Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by tender shall be applied In the following order of priority: (a) interest due under the Note;
<br />(b) ,rind ml due under the Note: (c) amounts (�ne under Section 3. Such paymcuts shall be applied m each Periodic payment
<br />in Ire Omer in which it be:amc due. Any remaining amounts shall be applied first to late charges, second to any other
<br />nationals due trader This Security Instrument, and then to reduce the principal balanccof the Note.
<br />IS EBRASKA,ShaGe Pam. lv FanndeMar/Ikeddw Mac UNIFORM INS I R UAIF.NT Form3028 1 /01 IPrtYed is PnAo °1
<br />nlfat'v (la o.) annWI
<br />Nau.(con n "'I
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