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200211147 TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender. (i) the repayment of the Loan, and all renewals, extension and modificatiuns of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grams and conveys to Trustee, in trust, with power of sale, the following described property located in the ._..._.... ._........ ._...... ...County.. ..... I ......... .......... of [Type of necardag Jurisdiction] Hall County Register el.Lhuffl ........ ............ _.............................: INeme of new,dnp Jwisdctionl Lot Twenty Three 1231 Morningside Acres Third Subdivision to the City of Grand Island, Hall County, Nebraska which currently has the address of .... ........... ...2509 RlvervlewD( ___..,,.... _., Istraen ........................... Grand Island .......................... I Nebraska ................... 6.88.0.1 .......... ......._ ("Properly Address "): leuvl Rip Coact TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and addition shall also be covered by this Security Intmmenr_ All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER UOVFNANfS that Borrower is lawfully seised of the estate hereby conveyed and has the right to giant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the tide N the Property against all claims and demands, subject to any cncumbranees of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction N constitute a uniform security intrunent covering real properly. 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 prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note 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 Leader 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; (h) money order; (c) certified check, hank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits am insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds 'I rarefer. 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 partial payment if the payment or partial payments are insufficient to bring the [.can current. Lender 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 accepted. If curb Periodic Payment is applied as of its scheduled due date, then Lender need 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 time, Leader shall either apply such funds at return them to Borrower_ If not applied earlier, such funds will be applied to the outstanding principal balance under the Note ummediately prior to foreclosure. No offset or claim which Borrower might have now or in the future agamat Lender 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 'nod applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Nnlc; (c) amounts due under Section 3. Such payments shall he applied In each Periodic Payment in the order in which it became due. Any remaining uuuums shall be applied first to late charges, second to any other amounts due under this Security Instrument, ,ad the. to reduce the principal balance of the Note_ If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount In pay any role charge due, the payment may be applied to the delinquent paynem and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the 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 may be applied to any Tale charges due. Voluntary prepayments shall be applied first to any prepayment charges and them as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall act extend Or postpone the due dale, or change the amount, of the Periodic Payments. 3. Funds for Escmw Items. Borrower shall pay to Lender 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 for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (h) leasehold payments or ground reels can the Property, if Hay; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance preuriuns, if any, or any rants payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section lU_ 'these items are called "Escrow Items." Al origination or at any tune during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, he escrowed by Borrower, aad such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish N Leader all notices Of amounrS to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender watvrS Borrower's obligation to pay the Funds for any or all Escrow Items_ Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time Any such waiver may only he in writing. In the event fit such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Foods has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such rime period as Lender may require. Borrower's Obligation to make such payments and to provide rrticipis shall for all purposes he deemed to he 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 Items directly, pursuant of a waiver, and Borrower NEBRASKA Singin Family Fannie MnelFreddie Mne UNIFORM INSTRUMENT 1-Form 3024--- 0 1101 moka,s w +wm., nc.,.,t nom. vN Form on rr[ emitter (1181 2 of7odg l) t