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200209033 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 load' even if the Loan does not qualify as a "federally related mortgage load' under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that 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: ( the repayment (if the Loan, and all renewals, extensions and modifications of the Note; and (it) 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 trust, with power of sale, the following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Forty -five (45), in Ravenwood Subdivision, Hall County, Nebraska. which currently has the address of 4]26'I ara Uourt [Strectl Grand Island , Nebraska (18801 ( "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 to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by juri sdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. &n uwcr 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 Now and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant in Section 3. Payments due under the Now and this Security Instrument shall be made in U.S. currency. However, 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 subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, 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 an institution whose deposits arc insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments me deemed received by Lender when received at the location designated in the Now or at such other location as may he 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 Iran current. lender mayaccept time such payments are accepted. 11 each Periodic Payment is applied as of its scheduled due dale, men Lender need not pay interest on unapplied funds. Lender mayhold such unapplied funds until Borrower makes payment to bring the Loancurrent. if Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. hour 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 fender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing 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 lender shall lit applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges; second to any other amounts due under this Security Instrument, and then in reduce the principal balance of the Note. NEBRASKA— Single Parruly -- Fannie MadFreddir Mna IJtnFOBM INSTRUMENT F"mi 3028 V01 (puyc 2 uf8 payer) 47541 V Onl2) G11794 GGrG(Millah)