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<br />or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements
<br />and restrictions that are imposed in regard in a "federally related mortgage loan" even if the Loan does not quality 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 thatparty, has
<br />assumed Borrower's obligations under the Now and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the faun, and all renewals, extensions and modifications of
<br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Security instrument and the Nutc.
<br />For this purpose, Borrower in'evocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the County of Han
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Lot Five (5), R & J Dibhern Subdivision, an Addition to the Village of Cairo, Hall County, Nebraska.
<br />which currently has the address of 411 d Sycamore
<br />[Street]
<br />Cairo _ ,Nebraska 68824 ( "Property Address "):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a Part of the property. All replacements and additions shall also be covered by
<br />this Security Instrument All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />rr
<br />waant, and will defend generally the title to tire against all claims and demands, subject to any encumbrances of
<br />record.
<br />THIS SECURITY INSTRUMENT combines uniform covenant, for national use and non- unifurm evenant, with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note
<br />andthis Security Instrument shall be made in U.S. currency. However, if any cheek or other instrument received by Lender
<br />as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may re uire that any or all
<br />subsequent payments due under the Now and this Security Instrument be made in one or more of the following forms, as
<br />selected by Lender: (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 institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the Dan current. Lender mayaccepl
<br />any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to
<br />its rights to refuse such payment or partial payments in the future, but Iender is not obligated to apply such payments at the
<br />time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay
<br />interest on unapplled funds. Lender may hold such unappl ied funds until Borrower makes payment to bring the Um current.
<br />If Borrower dues not do so within a reasonable period of time, Lender shall either apply such funds or return them to
<br />Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Now immediately
<br />prior m fnrcclosurc. No offset or claim which Borrower might have now or in the future against Lender shall relieve
<br />Borrower from making payments due under the Note and this Security Instrument or performing the revenant, and
<br />agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />(b) principal due under the Note: (c) amounts due under Section 3. Such payments shall be applied In each Periodic Payment
<br />in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other
<br />amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />NEBRASKA - Single Fm,51y— Fannie Mae/Freddie M., UNIFORAI INSTRUh1ENT Farm3028 1 /01 (page2 f8paget)
<br />9]54.CV(IN2) G11851
<br />GOID(e002R2B)
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