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200208474 (Q) `Successor in interest of Borrower" means any party that has taken title to the Property, whether or not that parry has assumed Borrower's obligations order the Note and/or this Security Instrument. 'IRANSI' ER OF RIGHTS IN THE PROPERTY This Sec. ily lasurmleltt secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Nole; and (ii) the pedmmmnce of Borrower's covenants and agreements under this Security Instrument and the Note_ For this propose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described Property looAcd in the CoUrlty (Type of Recording Jonsdictionl of Hall (Name of Recording Jurisdiction) Legal description attached hereto and trade a part hereof. SUITE NO. 9 IN FAIRWAY ESTATES CONDOMINIUM PROPERTY REGIME III, GRAND ISLAND, HALL COUNTY, NEBRASKA, ACCORDING TO THE MASTER DEED RECORDED AUGUST 30, 1996 AS DOCUMENT NO. 96- 106868, AS AMENDED BY FILING OF RECORD. GRAND ISLAND. HALL COUNTY. NEBRASKA. which currently has lire address of 919 Stagecoach Rd (street] Grand Island , Nebraska 68801 ( "Property Address "): [City] [Lip Code) 'TOGETHER W1TII all the improvemcuts now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or heacaflc a part of the property. All replacements and additions shall also be covered by this Security Instrument All of the foregoing is referred to in this Security Instrument as the °Property_" BORROWER COVENANTS first Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Purperty is unencumbered, except for encumbrances ofrecord- Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. TIIIS SECURITY INSTRUMENT combines uniform covenants for national use and non- uniform covenants with limited variations by jurisdiction to constitute a.tiform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any pi epayntent charges and late charges due under the Note. Borrower shall also pay fiords for Escrow Incurs p.sumn to Section 3. Payments due and" the Note and this Security Instrument shall he made in CIS_ cuneucy. However, if any checker other instrument received by Lender as payment order the Note or this Security Instrument is mtmned to Lender unpaid, Leader may require that any or all subsequent payments due under the Note and (his Seem Try Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order, (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an inatitntinn whose deposits are insured by a federal agency, instrumentality, or en(ily, or (d) Electronic Foods transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as nmy be designated by Lender in accordance with tin: notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments we 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 hercur der 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 tune such payments are accepted If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay Loan No: 1735183 _. Nebraska Deed ul Trun- Single Family Fannie MaeTrdldie Mae UNIFORM INSTRUMENT Form 3028 allnl —Toe COM.IiL SVUNCE, Mc. Pepte 3 of 12 loins. o.r. ...— Piionoew- -.y 4Vll00. TIrt I..o meSwmtl-