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200210117 TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions and modification¢ of the Note; and (ii) the performance of Bormwer's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably gouts and conveys to Trustee, in trust, with power of sale, the following described property located in the _ .... .............. .......... ......C.ounty.. ......... ........... __... _.... of tTWe of flxoi Jing Juristlic4ont . Hall County. RegistotofA. eeds ........... ............................... _..............: IN,,,, of Recn,tling Jmisdictionl Lot 3, Block 1, in Le Heights Second Subdivision, being a part of the Northwest Quarter of the Northwest Buarterof Section 11, Township 11 North, Range 10 West of ilia BIT P.M., Hell County, Nebraska. which currently has the address Of ............ ........... ....4329 Key AVi3.,_.,_ 1. ......... ........... Isueo0 _.._......._....... _...Grand . Island ........._ ................ Nebraska ............. ......080..03................... ( "Properly Address "): Iotyl [Zip Coael TOGETHER WITH all the improvements now or hereafter erected on the property, and all casemerus, appurtenances, and fixtures now or hereater 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." BURROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Properly is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject in any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national new and nom - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. I INIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Tlems, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Barrow Items pursuant to Section 3. Payments due under the Now and this Security Instrument shall he 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 Tender unpaid, Tender 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 funds, as selected by Lender: (a) cash; (h) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an inalituliou whose deposits are insured by a federal agency, instrumentality, 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 l5. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Leader may accept 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 aeoepted. If each Periodic Payment is applied as of its scheduled due date, then Lender aced not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current If Borrower does not do so within a reasonable period of lime, fender 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 from retaking 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 m otherwise described in this Section 2, all payments accepted and appplied by Lender shall he applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) mrauunts due under Section 3. Such payments shall he applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first N late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note_ If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sutiicwta amount to pay any late charge due, the payment may be applied to the delinquent payment and We late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to We repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess nay be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described is the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the armouot, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Leader on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due foe (a) taxes and assessments and other items which can atnin priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Leader in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. 'These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Does, Fees, and Assessments, if any, be escrowed by Burrower, and such dues, fees and assessments shall be an Escrow llem. Borrower shalt promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lcndcr waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Tender Funds for any or all Escrow hems at any time. Any such waiver may Only he in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, d Lender requires, shall furnish to Lender receipts evidencing such payanent within such time period as Tender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Itetus directly, pursuant to a waiver, and Borrower NEBRASKA — Single Family— Fannie Mae /Freddie Men UNIFORM INSTRUMENT Form 3028 1101 aankevs,o —Inc., 6,. acne, M N re,m Me it 1a,nreooa (page2oJZpaga) � LL