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PCP "`�flum, 200213223 200213652 or regulation that governs the same subject mater. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Lan dues not qualify as a "federally related mortgage loan" under RE SPA, . (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Bortower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: if the repayment of the Loan, and all renewals, extensions and modifications 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 grants and conveys to Trustee, intrust, with power of sale, the following described property located in the County of Hail [Type of Recording Jurisdiction l [Name ofl ccording Jurisdiction] The East One Half (E.1 /2) of Lot Eleven (11) of Island Acres in the City of Grand Island, Hall County, Nebraska. which currently has the address of 3034 W 14th [Street) Grand Island , Nebraska 68803 ('Property Address "): [CITY] [Zip Code] T'OUL''1'LLER W1'1'11 all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the properly. 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 anyencambrances of record. THIS SECURITY INSTRUMENT combines uniform cnvcnanis for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment ar Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, die debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursua at to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check of other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender ma require that any or all subsequent payments due under the Note and this Security Instrument be made in one m more of due 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, instrumentality, nr entity; or (d) Electronic Funds Transter. 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 paynnum or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lendermayaccept any payment or partial payment insutticient to bring the Loan current, without waiver or 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. It each Periodic Payment is applied as of its scheduled due date, then Lender need or pay interest on unapplied funds. Lender may hold such unapplied funds until Bet lower makes payment to bring the Iorn current. If Borrower does not do so within a reasonable period of time, Lender shalI either apply such funds or return them to Borrower front applied earlier, such Ponds will be applied to the outstanding principal balance under the Nueimmcliately prior to foreclosure No offset or claim which Borrower ought have now or in the finite against Lender shall relieve Borrower front making payments due under the Note and Is Security Instument er performing the covenants and agreements secured bythis Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority r (a) interest due under the Note; (b) pr u m ecipul due aerthe Note; (c) aounts due under Section 3. Such payments shall be applied torach Petrick 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 to reduce the principal balance of the Note. NEORASKA— Siagic Family— NNannieMae /Fr,ddia Mae ENINNORMINSI'RUMENT Form3028 1 /01 (page 2 a)'5pagex) ... C, (ta-') 1(115913 COTOta00341a)