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200207833 or regulation that governs the same subject matter, As used in this Securitylnsh'ament. "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if de Loan does not qualify ses a "federally related mortgage loan" under RES PA. (Q) "Sucressor in Interest of Borrower" means any party that has taken title to the Property, whetter or not that party has assumed Borrower's ubl igations under the Note and/or this Security Instrument. TRANSFER OF RICH IS IN THE PROPERTY This Seanityf,strument secures to Lender (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and tu) the per lot of Borrowefs covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County _ of fiat! ['Typeof Recording Jurisdiction) [Name of Recording Jurisdiction] See Attached Exhibit "A" which currently has the address of 3008 South Blaine [Sheet] Grand Island , Nebraska 68801 ("Property Address "): [City] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument All of the foregoing is referred hh in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to l ant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend Error ally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants far national use and non - uniform covenants with limited variations byIurisdiction to constitute a uniform security instrument covering real property. UNBIORM COVENANTS. Borrowerand Lander covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due die principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bon'owei shall also pay hinds for Escrow Items pursuant to Sechon 3. Payments due under the Note and this Security Instrument shall he made in U.S. currency. Ilowever, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to lender unpaid, lender may require that any or all suhscqucnt payments due under the Note and this Security Instrument be made in one or more of the following Corms, as selected by lender: (a) cash; (b) money order, (e) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon un institution whose deposits arc insured by a federal agency, instrumcnwlity, or entity, or (d) Electronic Funds 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 par Liu] payment it the payment or partial payments are insufficient h) bring the Loan current. Lender may acu:pt 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 not obligated to apply such payments at the time such payments are accepted. If each Periods Payment is applied as of its scheduled due date, then Lender need not pay interest on unupplied funds. Lender may hold such unapplied Ponds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against lender shall relieve Borrower firm nuking payments due under the Note and this Security Instrument or petfornting 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 and applied by Cinder shall be applied in the following order of priority ' (a) interest due under the Note; (b) principal line under the Note; (c) amounts due under Section 3. Such payments shall be applied to each PeriodicPaymant m the order in which it became due. Any remaining amounts shall be applied first to late charges, accord ro any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NEBRASKA - Single family-- P'analeM-1/1reddlr Mar 17NIFORM INSTRUMENT Form3028 1/01 (page2 f8pages) 9753.CV(1/02) 1"nin" 60IDN00266sO