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200213572 LOAN It: 2232390 (1) "Applicable Law " means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" moans all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer offends, other than a transaction originatedby check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account Such term includes, but is not limited to, point-of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. H.) "Escrow. Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award ofdamages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for (i) damage to, or destruction of, the Property; (ii) coadc ination or other taking of all or any part of the Property, (iii) conveyance in lieu of condemnation; or (iv) misrepresentations Of, or omissions as to, the value and/or condition of the Propertv. (N) ''Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (li) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 el seq.) and its implementing regulation, Regulation X (24 C.FR Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject niter As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related nuorlgageloan" even ifthe Loan does not quality as a `federally related mortgage loan" under RESPA. (Q) `Successor in Interest of Borrower" means any party that has taken title to the Property, wheatheror not that party has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF R1GH7S IN TIIE PROPERTY This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of BOlrmwer's covenants and agreements under this Security Instrument and the Note. For this purpose. Borrower irrevocably grants and conveys to Trustee, in cost, with power of sale, the following described property located in the COUNTY [Type of Recording hrielidlonl Of Nall [Name of Recording lunadictionl. LOT EIGHTEEN (18), WESTWOOD PARK FOURTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA which currently has lire address of 512 Fleetwood Circle, Grand Island, is r,al [Crtyl Nebraska 68803 -3332 (`Property Address—): [zip enact TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances, and fixtures now or hereafter a pan 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 "Properly." BORROWER COVENANTS thatBorrower is lawfully seizedoftheestate herebyconvcycd and has the rightto grant andconvey 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 jurisdiction to constitute a uniform security instrument 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 die 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 Lender unpaid, Lender may require (hat 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; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instnimentality, or entity', or (d) Electronic Funds Transfer. Payments are deemed received by Leader 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 Loan 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. IfeactIPeriodic NE RASKAxingle Family —Famae Naenireddle Mac UNIFORM INSTRUMEV'F Initials Form 3028 1/OI Page 2 of 8 net;.Fn